Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash $ 40,004,860 $ 32,226,668
Accounts Receivable, Net 9,844,720 8,982,768
Deferred Income Taxes 287,400 113,000
Inventory 6,147,458 5,230,792
Prepaid Corporate Taxes 87,459 87,459
Prepaid Expenses 497,303 623,402
Deposits 837,655 299,411
Total Current Assets 57,706,855 47,563,500
PROPERTY AND EQUIPMENT, NET: 650,185 615,837
OTHER ASSETS:    
Intangible Assets - Customer Lists, Net 4,113,542 1,929,294
Right of Use Asset - Office Leases 1,019,412 1,094,778
Total Other Assets 5,132,954 3,024,072
Total Assets 63,489,994 51,203,409
LIABILITIES AND STOCKHOLDER'S EQUITY    
Current Portion of Contingent Earn-Out Liabilities 1,572,970 665,855
Current Obligation under Right of Use Asset - Office Leases 314,793 310,095
Accounts Payable and Accrued Expenses 4,002,765 4,983,496
Accrued Payroll and Related 711,020 836,915
Unearned Revenue 1,786,381 721,608
Rewards Program Liability 10,043,878 43,878
Sales Tax Payable 110,748 106,824
Note Payable - Wildman 162,358 162,358
Total Current Liabilities 18,704,913 7,831,029
LONG-TERM LIABILITIES:    
Long-Term Contingent Earn-Out Liability 1,488,603 976,078
Long-Term Obligation under Right of Use Asset - Office Leases 704,619 784,683
Total Long- Term Liabilities 2,193,222 1,760,761
STOCKHOLDER'S EQUITY:    
Common Stock, $.0001 Par Value; 300,000,000 Shares Authorized, 20,127,788 and 19,753,852 Shares Issued and Outstanding as of March 31, 2022 and December 31, 2021, respectively 2,014 1,976
Additional Paid-In Capital 41,273,665 39,747,649
Retained Earnings 1,316,180 1,861,994
Total Stockholder's Equity 42,591,859 41,611,619
Total Liabilities & Stockholder's Equity $ 63,489,994 $ 51,203,409