Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 12,296,662 $ 32,226,668
Short-Term Investments 9,684,208
Accounts Receivable, Net 10,297,020 8,982,768
Deferred Income Taxes 545,800 113,000
Inventory 7,118,378 5,230,792
Prepaid Corporate Taxes 87,459 87,459
Deposits 342,323 623,402
Prepaid Expenses 313,183 299,411
Total Current Assets 40,685,033 47,563,500
PROPERTY AND EQUIPMENT, NET: 804,607 615,837
OTHER ASSETS:    
Intangible Assets - Customer Lists, Net 5,459,240 1,929,294
Right of Use Asset - Office Leases 864,050 1,094,778
Total Other Assets 6,323,290 3,024,072
Total Assets 47,812,930 51,203,409
CURRENT LIABILITIES:    
Current Portion of Contingent Earn-Out Liabilities 1,780,578 665,855
Current Obligation under Right of Use Asset - Office Leases 324,309 310,095
Accounts Payable and Accrued Expenses 2,846,934 4,983,496
Accrued Payroll and Related 693,626 836,915
Unearned Revenue 569,358 721,608
Rewards Program Liability   43,878
Sales Tax Payable 221,157 106,824
Note Payable - Wildman 162,358 162,358
Total Current Liabilities 6,598,320 7,831,029
LONG-TERM LIABILITIES:    
Long-Term Contingent Earn-Out Liability 2,200,844 976,078
Long-Term Obligation under Right of Use Asset - Office Leases 539,741 784,683
Total Long- Term Liabilities 2,740,585 1,760,761
STOCKHOLDER’S EQUITY:    
Common Stock, $.0001 Par Value; 300,000,000 Shares Authorized, 18,537,410 and 19,753,852 Shares Issued and Outstanding as of September 30, 2022 and December 31, 2021, respectively 1,854 1,976
Additional Paid-In Capital 38,291,586 39,747,649
Retained Earnings 180,585 1,861,994
Total Stockholder's Equity 38,474,025 41,611,619
Total Liabilities & Stockholder's Equity $ 47,812,930 $ 51,203,409