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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash $ 4,170,897 $ 1,479,166
Prepaid expenses and other current assets 66,749 7,995
Inventories (Note 3) 185,804 121,994
Current Assets 4,423,450 1,609,155
Fixed Assets, net of accumulated depreciation (Notes 4 and 5) 7,004,890 3,763,332
Other Assets (Notes 5 and 6) 411,316 529,863
TOTAL ASSETS 11,839,656 5,902,350
Current Liabilities    
Accounts payable and accrued liabilities (Note 4) 854,684 804,138
Notes payable, net of discount (Note 7) 700,015
Contingent stock liability (Notes 7 and 8) 677,000
Contingent warrant liability (Notes 7, 8 and 10) 585,000
Warrant liability (Notes 8 and 10) 1,151,838
Total Current Liabilities 2,006,522 2,766,153
Deferred Tax Liability 192,000
Total Liabilities 2,198,522 2,766,153
Commitments and Contingencies (Note 15)
Subsequent Events (Note 16)
Stockholders’ Equity:    
Preferred stock, $.0001 par value; 1,000,000 shares authorized; 1 share issued and outstanding
Common stock, $.0001 par value; 100,000,000, shares authorized; 9,407,415 shares issued and outstanding and (2021: 5,187,062) 941 519
Common stock subscription receivable (32,500)
Additional paid-in capital 24,733,306 13,835,882
Accumulated other comprehensive income 214,253
Accumulated deficit (15,307,366) (10,667,704)
Total Stockholders’ Equity 9,641,134 3,136,197
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 11,839,656 $ 5,902,350