Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.22.1
Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 32,226,668 $ 647,235
Accounts Receivable, Net 8,982,768 5,679,580
Deferred Income Taxes 113,000
Inventory 5,230,792 2,499,049
Prepaid Corporate Taxes 87,459
Prepaid Expenses 623,402 122,516
Security Deposit 299,411 324,927
Total Current Assets 47,563,500 9,273,307
PROPERTY AND EQUIPMENT, NET: 615,837 449,972
OTHER ASSETS:    
Intangible Asset - Customer List, Net 1,929,294 2,216,128
Due From Stockholder 6,748
Right of Use Asset - Office Leases 1,094,778 1,358,517
Total Other Assets 3,024,072 3,581,393
Total Assets 51,203,409 13,304,672
CURRENT LIABILITIES:    
Note Payable - Line of Credit 1,650,000
Current Portion of Long Term Debt 153,133
Current Portion of Wildman Contingent Earn-Out Liability 665,855 402,730
Current Obligation under Right of Use Asset - Office Leases 310,095 299,765
Accounts Payable and Accrued Expenses 4,983,496 3,267,933
Accrued Payroll and Related 836,915 1,021,971
Corporate Income Taxes Payable 231,980
Unearned Revenue 721,608 564,227
Rewards Program Liability 43,878 173,270
Sales Tax Payable 106,824 73,010
Note Payable - Wildman 162,358 162,358
Total Current Liabilities 7,831,029 8,000,377
LONG-TERM LIABILITIES:    
Long-Term Debt, Net of Current Portion 766,829
Long-Term Wildman Contingent Earn-Out Liability 976,078 1,850,960
Long-Term Obligation under Right of Use Asset - Office Leases 784,683 1,058,752
Total Long- Term Liabilities 1,760,761 3,676,541
STOCKHOLDER’S EQUITY:    
Common Stock, $.0001 Par Value; 300,000,000 Shares Authorized, 19,753,852 and 10,000,000 Shares Issued and Outstanding as of December 31, 2021 and 2020, respectively 1,976 1,000
Additional Paid-In Capital 39,747,649
Retained Earnings 1,861,994 1,626,754
Total Stockholder's Equity 41,611,619 1,627,754
Total Liabilities & Stockholder's Equity $ 51,203,409 $ 13,304,672