XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 3,871,176 $ 6,530,161
Accounts receivable, net 1,162,230 968,579
Inventory, net 92,303 91,361
Prepaid expenses and other current assets 605,497 457,578
Total current assets 5,731,206 8,047,679
Operating lease right of use assets 1,069,222 593,405
Property and equipment, net 285,676 577,988
Goodwill, net of accumulated impairment 10,567,484 22,376,025
Intangible assets, net 5,364,231 5,073,074
Deferred tax assets, net 0 465,632
Other assets 1,627,078 721,160
Total assets 24,644,897 37,854,963
Current liabilities:    
Accounts payable 839,679 467,711
Accrued liabilities 378,954 400,329
Dividend payable 371,799 459,068
Advanced payments and deferred revenues 576,338 404,428
Convertible notes, net – current 503,465 2,604,346
Loans payable – current 0 36,834
Related party payables 50,000 50,000
Lease liabilities – current 269,681 333,020
Total current liabilities 2,989,916 4,755,736
Convertible notes, net of loan discounts 68,199 716,252
Lease liabilities 803,958 284,848
Contingent purchase consideration 0 5,586,493
Other noncurrent liabilities 434,976 390,833
Total liabilities 4,297,049 11,734,162
Commitments and contingencies (Note 18)
Stockholders' Equity:    
Common stock, $0.001 par value. 500,000,000 shares authorized; 2,515,290 and 433,518 shares issued and outstanding as of December 31, 2022 and 2021, respectively 2,515 434
Additional paid-in capital 101,726,355 89,863,573
Accumulated deficit (83,472,412) (66,404,190)
Accumulated other comprehensive loss (166,129) (30,755)
Total Grom Social Enterprises, Inc. stockholders' equity 18,099,611 23,438,462
Noncontrolling interests 2,248,237 2,682,339
Total stockholders' equity 20,347,848 26,120,801
Total liabilities and equity 24,644,897 37,854,963
Series A Preferred Stock [Member]    
Stockholders' Equity:    
Preferred Stock, Value, Issued 0 0
Series B Preferred Stock [Member]    
Stockholders' Equity:    
Preferred Stock, Value, Issued 0 0
Series C Preferred Stock [Member]    
Stockholders' Equity:    
Preferred Stock, Value, Issued $ 9,282 $ 9,400