v3.25.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 3,396,908 $ 1,241,036
Accounts receivable 57,739 84,110
Inventories 143,181 139,422
Total current assets 3,597,828 1,464,568
Non-Current Assets:    
Property and equipment, net 4,985,804 5,130,229
Operating lease right-of-use asset 7,027,345 7,465,611
Intangible asset 477,947 491,223
Goodwill 1,985,645 1,985,645
Other assets 911,771 1,035,990
Total non-current assets 15,388,512 16,108,698
Total assets 18,986,340 17,573,266
Current liabilities:    
Accounts payable and accrued expenses 959,637 843,322
Line of credit 1,000,000 1,000,000
Current portion of operating lease liabilities 1,061,224 975,210
Current portion of bank notes payables 1,224,104 1,366,350
Current portion of loan payable, EIDL 8,232 10,924
Loans payable to financial institutions 3,332 34,282
Due to related party 225,586 732,710
Other payables 1,041,557 1,078,291
Total current liabilities 5,523,672 6,041,089
Operating lease liabilities, less current portion 6,752,468 7,324,677
Bank notes payables, less current portion 1,561,280 1,747,611
Loan payable, EIDL, less current portion 404,407 404,490
Notes payable to related party 600,000 600,000
Convertible notes to related party 1,200,000
Total liabilities 14,841,827 17,317,867
Commitments and Contingencies
Stockholders’ equity    
Additional paid-in capital 18,325,869 12,261,901
Warrant subscription receivable (750,000)
Accumulated deficit (13,431,528) (12,006,642)
Total stockholders’ equity 4,144,513 255,399
Total liabilities and stockholders’ equity 18,986,340 17,573,266
Common Class A [Member]    
Stockholders’ equity    
Common Stock, value 162 130
Common Class B [Member]    
Stockholders’ equity    
Common Stock, value $ 10 $ 10

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