Branded

Beverages

Specialty

Packaging

(TopPop)

Corporate

Total

Balance sheet at March 31, 2023

Assets

$

2,574,510

$

14,627,810

$

-

$

17,202,320

Liabilities

$

9,729,512

$

9,441,467

$

-

$

19,170,979

Balance sheet at December 31, 2022

Assets

$

3,460,100

$

14,898,648

$

-

$

18,358,748

Liabilities

$

8,961,870

$

9,036,636

$

-

$

17,998,506

Income Statement for the three months ended March 31, 2023:

Branded

Beverages

Specialty Packaging

Corporate

Total

Net Sales

$

1,081,231

$

933,688

$

-

$

2,014,919

Cost of sales

$

402,792

$

721,331

$

-

$

1,124,123

Total operating expenses

$

1,142,178

$

1,694,028

$

449,370

$

3,285,576

Loss from operations

$

(463,739

)

$

(1,481,671

)

$

(449,370

)

$

(2,394,780

)

Interest expense

$

-

$

171,040

$

-

$

171,040

Depreciation and amortization

$

4,436

$

235,930

$

-

$

240,366

Income Statement for the three months ended March 31, 2022:

Net Sales

$

533,095

$

3,513,702

$

4,046,797

Cost of Goods Sold

$

214,341

$

1,990,698

$

2,205,039

Total operating expenses

$

1,457,271

$

2,834,905

$

518,188

$

4,810,364

Loss from operations

$

(1,138,517

)

$

(1,311,901

)

$

(518,188

)

$

(2,968,606

)

Interest expense

-

183,134

Depreciation and amortization

$

1,141

$

77,207

$

78,348