Post-effective amendment to a registration statement that is not immediately effective upon filing

Balance Sheets

v3.22.1
Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:      
Cash $ 40,004,860 $ 32,226,668 $ 647,235
Accounts Receivable, Net 9,844,720 8,982,768 5,679,580
Deferred Income Taxes 287,400 113,000
Inventory 6,147,458 5,230,792 2,499,049
Prepaid Corporate Taxes 87,459 87,459
Prepaid Expenses 497,303 623,402 122,516
Deposits 837,655 299,411 324,927
Total Current Assets 57,706,855 47,563,500 9,273,307
PROPERTY AND EQUIPMENT, NET: 650,185 615,837 449,972
OTHER ASSETS:      
Intangible Assets - Customer Lists, Net 4,113,542 1,929,294 2,216,128
Due From Stockholder   6,748
Right of Use Asset - Office Leases 1,019,412 1,094,778 1,358,517
Total Other Assets 5,132,954 3,024,072 3,581,393
Total Assets 63,489,994 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 Contingent Earn-Out Liabilities 1,572,970 665,855 402,730
Current Obligation under Right of Use Asset - Office Leases 314,793 310,095 299,765
Accounts Payable and Accrued Expenses 4,002,765 4,983,496 3,267,933
Accrued Payroll and Related 711,020 836,915 1,021,971
Corporate Income Taxes Payable   231,980
Unearned Revenue 1,786,381 721,608 564,227
Rewards Program Liability 10,043,878 43,878 173,270
Sales Tax Payable 110,748 106,824 73,010
Note Payable - Wildman 162,358 162,358 162,358
Total Current Liabilities 18,704,913 7,831,029 8,000,377
LONG-TERM LIABILITIES:      
Long-Term Debt, Net of Current Portion   766,829
Long-Term Contingent Earn-Out Liability 1,488,603 976,078 1,850,960
Long-Term Obligation under Right of Use Asset - Office Leases 704,619 784,683 1,058,752
Total Long- Term Liabilities 2,193,222 1,760,761 3,676,541
STOCKHOLDER’S EQUITY:      
Common Stock, value 2,014 1,976 1,000
Additional Paid-In Capital 41,273,665 39,747,649
Retained Earnings 1,316,180 1,861,994 1,626,754
Total Stockholder's Equity 42,591,859 41,611,619 1,627,754
Total Liabilities & Stockholder's Equity $ 63,489,994 $ 51,203,409 $ 13,304,672