Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 47,496,527 $ 26,060,733
Accounts receivable, net 1,225,099 47,645
Inventory, net 1,284,336 1,152,105
Other current assets 617,882 629,030
Total current assets 50,623,844 27,889,513
Property and equipment, net 227,045 163,084
Other Assets:    
Goodwill 33,780,965
Intangible assets, net 46,971,402 379,530
Lease deposits 114,166 28,577
Operating lease right of use assets 972,376 51,065
Total other assets 81,838,909 459,172
Total assets 132,689,798 28,511,769
Current Liabilities:    
Accounts payable 1,933,593 2,368,203
Operating lease liabilities 585,739 56,168
Accrued expenses and other current liabilities 1,406,335 2,832,780
Secured promissory note, net of debt discount of $0 and $120,711, respectively 7,003,568
Deferred revenue 345,830 165,035
Notes payable 59,550
Total current liabilities 4,271,497 12,485,304
Long-Term Liabilities:    
Notes payable 300,000 906,541
Accrued interest 40,607 36,329
Operating lease liabilities, net of current 386,932
Deferred tax liability 12,760,200  
Total long-term liabilities 13,487,739 942,870
Total liabilities 17,759,236 13,428,174
Commitments and Contingencies
Stockholders’ Equity    
Preferred stock - par value $0.0001; 5,000,000 and 10,000,000 shares authorized; at September 30, 2021 and December 31, 2020, respectively, and none issued or outstanding at September 30, 2021 and December 31, 2020, respectively
Preferred stock, Series A - par value $0.0001; 5,000,000 shares authorized; none issued and outstanding at September 30, 2021 and December 31, 2020, respectively
Common stock - par value $0.0001; 116,666,667 shares authorized; 40,788,681 and 26,540,769 issued and outstanding, respectively at September 30, 2021 and December 31, 2020, respectively 4,079 2,654
Additional paid in capital 191,050,187 80,330,488
Accumulated deficit (76,123,704) (65,249,547)
Total stockholders’ equity (deficit) 114,930,562 15,083,595
Total liabilities and stockholders’ equity (deficit) $ 132,689,798 $ 28,511,769