Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 797,428 $ 647,235
Accounts Receivable 7,266,366 5,679,580
Deferred IPO Costs 459,638
Due From Wildman 108,476
Inventory 3,911,474 2,499,049
Prepaid Corporate Taxes 14,645
Prepaid Expenses 197,606 122,516
Security Deposit 355,406 324,927
Total Current Assets 13,111,039 9,273,307
PROPERTY AND EQUIPMENT, NET: 599,952 449,972
OTHER ASSETS:    
Intangible Asset - Customer List, Net 1,983,896 2,216,128
Due From Stockholder   6,748
Right of Use Asset - Office Leases 1,169,489 1,358,517
Total Other Assets 3,153,385 3,581,393
Total Assets 16,864,376 13,304,672
CURRENT LIABILITIES:    
Note Payable - Line of Credit 3,500,000 1,650,000
Current Portion of Long-Term Debt 3,858 153,133
Current Portion of Wildman Contingent Earn-Out Liability 874,882 402,730
Current Obligation under Right of Use Asset - Office Leases 305,438 299,765
Accounts Payable and Accrued Expenses 5,803,939 3,267,933
Accrued Payroll and Related 914,510 1,021,971
Corporate Income Taxes Payable 231,980
Deferred Income Taxes 159,838
Due to Stockholder 500,000  
Unearned Revenue 620,842 564,227
Rewards Program Liability 43,878 173,270
Sales Tax Payable 96,014 73,010
Note Payable - Wildman 162,358 162,358
Total Current Liabilities 12,985,557 8,000,377
LONG-TERM LIABILITIES:    
Long-Term Debt, Net of Current Portion 146,042 766,829
Long-Term Wildman Contingent Earn-Out Liability 976,078 1,850,960
Long-Term Obligation under Right of Use Asset - Office Leases 864,050 1,058,752
Total Long- Term Liabilities 1,986,170 3,676,541
STOCKHOLDER'S EQUITY:    
Common Stock, $.0001 Par Value; 300,000,000 Shares Authorized, 10,000,000 Shares Issued and Outstanding 100 100
Retained Earnings 1,892,549 1,627,654
Total Stockholder's Equity 1,892,649 1,627,754
Total Liabilities & Stockholder's Equity $ 16,864,376 $ 13,304,672