General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED BALANCE SHEETS 2 (Unaudited)

v3.22.4
CONSOLIDATED BALANCE SHEETS 2 (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:      
Cash $ 4,965,466 $ 893,720 $ 3,969,100
Accounts receivable, net 2,234,283 1,738,543 1,244,876
Contract assets 824,387 3,449 102,458
Inventory 694,125 298,338 112,423
Prepaid expenses and other current assets 651,010 354,613 374,203
Total Current Assets 9,369,271 3,288,663 5,803,060
Property and equipment, net 695,800 603,253 342,180
Operating lease right of use asset 4,726,975 4,925,765 196,144
Security deposit 600,000 600,000
OTHER ASSETS:      
Patents and trademarks, net 78,872 66,482 64,415
Software development costs, net 85,756  
Total Other Assets 164,628 66,482 64,415
TOTAL ASSETS 15,556,674 9,484,163 6,405,799
CURRENT LIABILITIES:      
Accounts payable 1,649,629 1,044,500 599,317
Notes payable - financing agreements 102,256 52,503 42,942
Accrued expenses 481,913 618,093 1,038,092
Equipment financing payable-current portion 33,860 80,335 89,620
Operating lease obligations-current portion 497,694 315,302 202,797
Contract liabilities 3,880,422 1,829,311  
Total Current Liabilities 6,645,774 3,940,044 3,636,002
Equipment financing payable, less current portion 22,851 103,184
Operating lease obligations, less current portion 4,618,058 4,739,783
Total Liabilities 11,263,832 8,702,678 4,521,991
STOCKHOLDERS' EQUITY:      
Preferred Stock, Value, Issued    
Common stock:  $0.001 par value; 500,000,000 shares authorized, 7,058,198 and 4,111,047 shares issued, 7,056,874 and 4,109,723 shares outstanding at September 30, 2022 and December 31, 2021, respectively 7,057 4,111 3,536
Additional paid-in-capital 55,852,643 46,431,874  
Total stock & paid-in-capital 55,859,701 46,435,988 41,529,410
Accumulated deficit (51,409,407) (45,497,051) (39,488,150)
Sub-total 4,450,294 938,937 2,041,260
Less:  Treasury stock (1,324 shares of common stock at September 30, 2022 and December 31, 2021) (157,452) (157,452) (157,452)
Total Stockholders' Equity 4,292,842 781,485 1,883,808
Total Liabilities and Stockholders' Equity 15,556,674 9,484,163 6,405,799
Convertible Series A Preferred Stock [Member]      
STOCKHOLDERS' EQUITY:      
Preferred Stock, Value, Issued
Convertible Series B Preferred Stock [Member]      
STOCKHOLDERS' EQUITY:      
Preferred Stock, Value, Issued 851,000 1,705,000
Convertible Series C Preferred Stock [Member]      
STOCKHOLDERS' EQUITY:      
Preferred Stock, Value, Issued 2,500,000
Convertible Series D Preferred Stock [Member]      
STOCKHOLDERS' EQUITY:      
Preferred Stock, Value, Issued $ 1