Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 28,201,906 $ 32,226,668
Accounts Receivable, Net 11,337,433 8,982,768
Deferred Income Taxes 386,700 113,000
Inventory 5,958,141 5,230,792
Prepaid Corporate Taxes 87,459 87,459
Deposits 634,210 623,402
Prepaid Expenses 303,508 299,411
Total Current Assets 46,909,357 47,563,500
PROPERTY AND EQUIPMENT, NET: 696,812 615,837
OTHER ASSETS:    
Intangible Assets - Customer Lists, Net 3,979,824 1,929,294
Right of Use Asset - Office Leases 942,728 1,094,778
Total Other Assets 4,922,552 3,024,072
Total Assets 52,528,721 51,203,409
CURRENT LIABILITIES:    
Current Portion of Contingent Earn-Out Liabilities 1,598,635 665,855
Current Obligation under Right of Use Asset - Office Leases 319,532 310,095
Accounts Payable and Accrued Expenses 1,788,382 4,983,496
Accrued Payroll and Related 779,985 836,915
Unearned Revenue 1,626,145 721,608
Rewards Program Liability 3,918,878 43,878
Sales Tax Payable 271,461 106,824
Note Payable - Wildman 162,358 162,358
Total Current Liabilities 10,465,376 7,831,029
LONG-TERM LIABILITIES:    
Long-Term Contingent Earn-Out Liability 1,241,052 976,078
Long-Term Obligation under Right of Use Asset - Office Leases 623,196 784,683
Total Long- Term Liabilities 1,864,248 1,760,761
STOCKHOLDER’S EQUITY:    
Common Stock, $.0001 Par Value; 300,000,000 Shares Authorized, 19,139,330 and 19,753,852 Shares Issued and Outstanding as of June 30, 2022 and December 31, 2021, respectively 1,915 1,976
Additional Paid-In Capital 39,328,445 39,747,649
Retained Earnings 868,737 1,861,994
Total Stockholder's Equity 40,199,097 41,611,619
Total Liabilities & Stockholder's Equity $ 52,528,721 $ 51,203,409