BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

Schedule of inventory

	December 31, 2022		December 31, 2021
Raw Goods	$	3,407,196	$	2,927,727
Finished Goods	$	2,616,771	$	882,217
Total Inventory	$	6,023,967	$	3,809,944

Schedule of historical revenue

Type of Sale	For the year ended December 31, 2022		% of Net Sales During the year ended December 31, 2022			For the year ended December 31, 2021		% of Net Sales During the Year ended December 31, 2021			February 24, 2020 (Closing on Lifted)-December 31, 2020		% of Net Sales During February 24, 2020 (Closing on Lifted)-December 31, 2020
Net sales of raw goods to customers	$	40,518		0	%	$	476,211		2	%	$	694,707		13	%
Net sales of products to private label clients	$	975,199		2	%	$	3,246,420		10	%	$	1,443,687		27	%
Net sales of products to wholesalers	$	7,503,530		13	%	$	4,586,306		15	%	$	1,096,199		21	%
Net sales of products to distributors	$	45,522,229		79	%	$	21,661,464		68	%	$	1,982,810		37	%
Net sales of products to end consumers	$	3,375,059		6	%	$	1,686,531		5	%	$	126,917		2	%
Net Sales	$	57,416,535		100	%	$	31,656,932		100	%	$	5,344,320		100	%

Schedule of deferred revenue

	December 31, 2022		December 31, 2021
Contract Assets (invoiced but unfulfilled performance obligations)	$	594,086	$	1,650,258
Deposits from customers for unfulfilled orders	$	-	$	524,135
Total Deferred Revenue	$	594,086	$	2,174,393

Schedule of Earnings Per Share, Basic and Diluted

	For the Year Ended
	December 31,
	2022		2021		2020
Net Income/(Loss)	$	7,196,327	$	5,799,982	$	(1,534,589	)
Weighted average number of common shares outstanding:
Basic		14,080,729		11,402,639		5,927,480
Diluted		15,862,927		13,359,837		5,927,480
Basic Net Income (Loss) per Common Share	$	0.51	$	0.50	$	(0.29	)
Diluted Net Income (Loss) per Common Share	$	0.45	$	0.43	$	(0.29	)

Schedule of intangible assets and goodwill

	January 1, 2019 - February 24, 2020 (Acquisition Date) (1)		February 24, 2020 (Acquisition Date) - December 31, 2020 (2)
Net Sales	$	4,450,339	$	5,344,320
Net Earnings	$	549,999	$	461,913