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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 617,051 $ 164,301
Accounts receivable, net of allowance for doubtful accounts of $0 and $0, respectively 67,225 56,938
Inventories, net 267,934 185,061
Prepaid expense and other current assets 704,960 359,124
Total current assets 1,657,170 765,424
Property and equipment, net 3,962,399 3,494,050
Operating lease right-of-use asset 4,260,499 4,566,968
Other assets 648,938 425,712
Total assets 10,529,006 9,252,154
Current liabilities:    
Accounts payable 463,998 632,753
Accrued expenses and current liabilities 665,197 611,290
Loans payable to financial institutions, current portion 720,677 791,352
Loan payable to other 792,775 609,027
Loan payable, emergency injury disaster loan (EIDL), current portion 30,060 30,060
Loan payable, payroll protection program (PPP), current portion 22,126 45,678
Operating lease liabilities, current portion 1,016,649 1,003,753
Total current liabilities 3,711,482 3,823,913
Loans payable to financial institutions, net of current portion 335,147 335,147
Loan payable, emergency injury disaster loan (EIDL), net of current portion 469,940 469,940
Loan payable, payroll protection program (PPP), net of current portion 51,595 51,595
Operating lease liabilities, net of current portion 3,418,154 3,725,153
Total liabilities 7,986,318 8,405,748
Commitments and Contingencies
Stockholders’ equity    
Common Stock, $0.0001 par value, 40,000,000 shares authorized; 3,235,657 and 1,866,174 shares issued and outstanding at June 30, 2024 and December 31, 2023 324 187
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued and outstanding at June 30, 2024 and December 31, 2023
Additional paid-in capital 21,603,006 17,603,143
Accumulated deficit (19,064,080) (16,756,924)
Accumulated other comprehensive income (loss) 3,438
Total stockholders’ equity 2,542,688 846,406
Total liabilities and stockholders’ equity $ 10,529,006 $ 9,252,154