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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 16,292,347 $ 21,826,437
Accounts receivable 2,552,362 1,912,153
Inventory 5,734,755 3,289,945
Prepaid expenses 310,591 283,799
Total Current Assets 24,890,055 27,312,334
Property and equipment 365,868 394,249
Intangible assets 1,444,259 776,856
Right-of-use-asset 646,779 760,409
TOTAL ASSETS 27,346,961 29,243,848
Current Liabilities:    
Accounts payable and accrued expenses 2,585,466 2,802,797
Earnout payable 2,547,831 3,632,000
Income tax payable 299,869 373,191
Right-of-use-liability 118,670 123,026
Total Current Liabilities 5,551,836 6,931,014
Long-Term Liabilities:    
Deferred tax liability 48,729 43,032
Right-of-use-liability 539,035 642,232
Total Long-Term Liabilities 587,764 685,264
TOTAL LIABILITIES 6,139,600 7,616,278
SHAREHOLDERS' EQUITY    
Preferred Stock Series B $0.10 par value per share; 1,000,000 shares authorized 10,000 shares issued and outstanding 1,000 1,000
Common Stock $0.001 par value per share; 3,000,000,000 shares authorized; 14,012 and 11,293 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 14 11
Capital paid in excess of par value 84,415,900 80,864,326
Accumulated comprehensive income 696,105 161,847
Accumulated (Deficit) (63,905,658) (59,399,614)
TOTAL SHAREHOLDERS' EQUITY 21,207,361 21,627,570
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 27,346,961 $ 29,243,848