Balance Sheet

v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 4,964,495 $ 2,361,059
Accounts receivable, net 1,895,233 1,010,554
Inventories, net 1,166,174 825,559
Contract assets 20,916 266,014
Prepaid expenses 833,524 735,092
Total current assets 8,880,342 5,198,278
Property and equipment, net 143,701 84,201
Other assets:    
Deposits 4,595 7,595
Operating lease right of use assets 505,850 570,512
Total other assets 510,445 578,107
Total Assets 9,534,488 5,860,586
Current liabilities:    
Accounts payable 791,488 1,865,535
Accrued liabilities 799,639 718,721
Line of credit 628,412 403,089
Contract liabilities - current 961,199 800,965
Lease Liabilities - current 149,288 195,176
Income taxes payable 3,431 5,431
Total current liabilities 3,333,457 3,988,917
Long-term liabilities:    
Lease liabilities 431,685 459,668
Contract liabilities - long term 102,863 140,265
Accrued royalties - long-term 290,000 360,000
Total long-term liabilities 824,548 959,933
Total liabilities 4,158,005 4,948,850
Common Stock, par value $.001 per share; 475,000,000 shares authorized; 299,212,282 and 136,311,335 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively. 299,212 136,311
Additional paid-in-capital 132,581,705 127,740,976
Accumulated deficit (129,177,258) (128,668,176)
Total stockholders’ equity 5,376,483 911,736
Total Liabilities and Stockholders’ Equity 9,534,488 5,860,586
Series A Preferred Stock [Member]    
Long-term liabilities:    
Preferred Stock, Value, Issued 1,310,765 1,340,566
Series B Preferred Stock [Member]    
Long-term liabilities:    
Preferred Stock, Value, Issued $ 362,059 $ 362,059

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