Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v3.23.2
Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 15,271,199 $ 15,253,756
Investments 10,277,690 9,779,355
Accounts Receivable, Net 13,958,984 14,442,626
Deferred Income Taxes 1,542,000 841,000
Inventory 5,820,887 6,867,564
Prepaid Corporate Taxes 87,459 87,459
Prepaid Expenses 695,711 386,884
Deposits 1,976,439 910,486
Total Current Assets 49,630,369 48,569,130
PROPERTY AND EQUIPMENT, NET: 1,294,568 1,000,090
OTHER ASSETS:    
Intangible Assets - Customer Lists, Net 10,711,939 6,272,205
Right of Use Asset - Office Leases 1,470,140 784,683
Total Other Assets 12,182,079 7,056,888
Total Assets 63,107,016 56,626,108
CURRENT LIABILITIES:    
Current Portion of Contingent Earn-Out Liabilities 3,186,825 1,809,874
Current Portion of Lease Liability 676,036 324,594
Accounts Payable and Accrued Expenses 3,012,379 4,051,657
Accrued Payroll and Related 997,008 608,589
Unearned Revenue 2,290,639 633,148
Rewards Program Liability 8,875,000 6,000,000
Sales Tax Payable 291,438 365,303
Note Payable - Wildman 162,358 162,358
Total Current Liabilities 19,491,683 13,955,523
LONG-TERM LIABILITIES:    
Long-Term Contingent Earn-Out Liabilities 4,883,265 2,845,944
Long-Term Lease Liability 762,946 460,089
Total Long- Term Liabilities 5,646,211 3,306,033
STOCKHOLDERS’ EQUITY:    
Common Stock, $.0001 Par Value; 300,000,000 Shares Authorized, 18,540,834 and 18,475,521 Shares Issued and Outstanding as of June 30, 2023 and December 31, 2022, respectively 1,855 1,848
Additional Paid-In Capital 38,416,582 38,279,151
Retained Earnings (449,315) 1,083,553
Total Stockholder's Equity 37,969,122 39,364,552
Total Liabilities & Stockholder's Equity $ 63,107,016 $ 56,626,108