v3.24.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash $ 1,832,661 $ 6,509,121
Inventories 73,023 60,899
Total current assets 1,905,684 6,570,020
Non-Current Assets:    
Property and equipment, net 4,092,950 3,158,428
Operating lease right-of-use asset, net 5,459,708 5,980,888
Other assets 1,561,022 308,353
Total non-current assets 11,113,680 9,447,669
Total assets 13,019,364 16,017,689
Current Liabilities:    
Accounts payable and accrued expenses 647,811 744,101
Line of credit 1,000,000 300,000
Current portion of operating lease liabilities 572,230 458,803
Current portion of bank notes payables 414,378 265,943
Current portion of loan payable, EIDL 10,526 39,652
Loans payable to financial institutions 534,239
Other payables 65,700 5,915
Total current liabilities 3,269,060 1,987,134
Operating lease liabilities, less current portion 5,689,535 6,261,767
Bank notes payables, less current portion 991,951 1,020,143
Restaurant revitalization fund 700,454
Loan payable, EIDL, less current portion 415,339 410,348
Total liabilities 10,365,885 10,379,846
Commitments and contingencies
Stockholders’ Equity (Deficit)    
Additional paid-in-capital 11,994,119 11,938,119
Accumulated deficit (9,340,773) (6,300,409)
Total stockholders’ equity 2,653,479 5,637,843
Total liabilities and stockholders’ equity 13,019,364 16,017,689
Common Class A [Member]    
Stockholders’ Equity (Deficit)    
Common Stock, value 123 123
Common Class B [Member]    
Stockholders’ Equity (Deficit)    
Common Stock, value 10 10
Related Party [Member]    
Current Liabilities:    
Due to related party $ 24,176 $ 172,720

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