Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 10,596,595 $ 15,253,756
Investments 10,269,101 9,779,355
Accounts Receivable, Net 11,914,586 14,442,626
Deferred Income Taxes 1,205,000 841,000
Inventory 5,665,924 6,867,564
Prepaid Corporate Taxes 87,459 87,459
Prepaid Expenses 611,320 386,884
Deposits 1,172,754 910,486
Total Current Assets 41,522,739 48,569,130
PROPERTY AND EQUIPMENT, NET: 1,193,356 1,000,090
OTHER ASSETS:    
Intangible Assets - Customer Lists, Net 5,654,804 6,272,205
Right of Use Asset - Office Leases 775,742 784,683
Total Other Assets 6,430,546 7,056,888
Total Assets 49,146,641 56,626,108
CURRENT LIABILITIES:    
Current Portion of Contingent Earn-Out Liabilities 2,171,603 1,809,874
Current Portion of Lease Liability 320,197 324,594
Accounts Payable and Accrued Expenses 2,938,995 4,051,657
Accrued Payroll and Related 674,123 608,589
Unearned Revenue 1,871,846 633,148
Rewards Program Liability 6,000,000
Sales Tax Payable 259,633 365,303
Note Payable - Wildman 162,358 162,358
Total Current Liabilities 8,398,755 13,955,523
LONG-TERM LIABILITIES:    
Long-Term Contingent Earn-Out Liabilities 1,594,944 2,845,944
Long-Term Lease Liability 455,545 460,089
Total Long- Term Liabilities 2,050,489 3,306,033
STOCKHOLDERS’ EQUITY:    
Common Stock, $.0001 Par Value; 300,000,000 Shares Authorized, 18,483,334 and 18,475,521 Shares Issued and Outstanding as of March 31, 2023 and December 31, 2022, respectively 1,849 1,848
Additional Paid-In Capital 38,306,533 38,279,151
Retained Earnings 389,015 1,083,553
Total Stockholder's Equity 38,697,397 39,364,552
Total Liabilities & Stockholder's Equity $ 49,146,641 $ 56,626,108