Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited)

v3.24.3
Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)
Common Class A [Member]
Common Stock [Member]
Common Class B [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Treasury Stock, Common [Member]
Retained Earnings [Member]
Noncontrolling Interest [Member]
Equity Consideration Payable [Member]
Total
Balance at Dec. 31, 2022 $ 291,433 $ 43,332,886 $ (394,200) $ (17,578,219) $ 93,982 $ 7,114,513 $ 32,860,395
Balance, shares at Dec. 31, 2022 291,433,430            
Estimated fair value of contributed services and stock-based compensation $ 81 480,718 480,799
Estimated fair value of contributed services and stock-based compensation, shares 81,249              
Issuance of shares from Soylent acquisition $ 177,955 26,515,189 26,693,144
Issuance of shares from Soylent acquisition, shares 177,954,287              
Equity payable related to acquisition 2,785,714 2,785,714
Equity payable related to acquisition, shares              
Skylar purchase price acquisition adjustments (482,380) (482,380)
Net (loss) income (1,721,546) 58,416 (1,663,130)
Balance at Mar. 31, 2023 $ 469,469 70,328,793 (19,299,765) 152,398 9,417,847 60,674,542
Balance, shares at Mar. 31, 2023 469,468,966            
Balance at Dec. 31, 2022 $ 291,433 43,332,886 (394,200) (17,578,219) 93,982 7,114,513 32,860,395
Balance, shares at Dec. 31, 2022 291,433,430            
Net (loss) income               (5,252,742)
Balance at Sep. 30, 2023 $ 469,631 72,770,376 (394,200) (22,990,975) 253,996 9,417,847 59,526,675
Balance, shares at Sep. 30, 2023 469,631,464            
Balance at Mar. 31, 2023 $ 469,469 70,328,793 (19,299,765) 152,398 9,417,847 60,674,542
Balance, shares at Mar. 31, 2023 469,468,966            
Estimated fair value of contributed services and stock-based compensation $ 81 538,957 539,038
Estimated fair value of contributed services and stock-based compensation, shares 81,249              
Net (loss) income (6,018,240) 67,377 (5,950,863)
Soylent acquisition measurement period adjustment (38,041) (38,041)
Balance at Jun. 30, 2023 $ 469,550 70,829,709 (394,200) (25,318,005) 219,775 9,417,847 55,224,676
Balance, shares at Jun. 30, 2023 469,550,215            
Estimated fair value of contributed services and stock-based compensation $ 81 477,319 477,400
Estimated fair value of contributed services and stock-based compensation, shares 81,249              
Net (loss) income 2,327,030 34,221 2,361,251
Soylent acquisition measurement period adjustment 1,463,348 1,463,348
Balance at Sep. 30, 2023 $ 469,631 72,770,376 (394,200) (22,990,975) 253,996 9,417,847 59,526,675
Balance, shares at Sep. 30, 2023 469,631,464            
Balance at Dec. 31, 2023 $ 488,926 75,130,223 (394,200) (63,769,469) 8,510,384 5,707,261 25,673,125
Balance, shares at Dec. 31, 2023 488,926,717            
Equity payable related to acquisition $ 16,309 2,430,071 (2,446,380)
Equity payable related to acquisition, shares 16,309,203              
Net (loss) income (4,462,678) 192,122 (4,270,556)
Stock-based compensation 483,466 483,466
Soylent Share Adjustment $ 133,088 17,966,863 18,099,951
Soylent Share Adjustment, shares 133,087,875              
Equity payable related to AOS acquisition $ 4,980 941,169 (946,149)
Equity payable related to AOS acquisition, shares 4,979,731              
Share repurchase   65,700 65,700
Balance at Mar. 31, 2024 $ 643,303 96,951,792 (328,500) (68,232,147) 8,702,506 2,314,732 40,051,686
Balance, shares at Mar. 31, 2024 643,303,526            
Balance at Dec. 31, 2023 $ 488,926 75,130,223 (394,200) (63,769,469) 8,510,384 5,707,261 25,673,125
Balance, shares at Dec. 31, 2023 488,926,717            
Net (loss) income               (22,090,177)
Balance at Sep. 30, 2024 $ 647,432 99,087,928 (328,500) (86,136,555) 8,787,293 0 22,057,598
Balance, shares at Sep. 30, 2024 647,431,696            
Balance at Mar. 31, 2024 $ 643,303 96,951,792 (328,500) (68,232,147) 8,702,506 2,314,732 40,051,686
Balance, shares at Mar. 31, 2024 643,303,526            
Equity payable related to acquisition $ 11,574   2,303,158 (2,314,732)
Equity payable related to acquisition, shares 11,573,660              
Net (loss) income (11,559,482) (3,051) (11,562,533)
Stock-based compensation   416,821 416,821
Soylent Share Adjustment $ (7,445)   (1,005,142) (1,012,587)
Soylent Share Adjustment, shares (7,445,490)              
Balance at Jun. 30, 2024 $ 647,432 98,666,629 (328,500) (79,791,629) 8,699,455 0 27,893,387
Balance, shares at Jun. 30, 2024 647,431,696            
Net (loss) income (6,344,926) 87,838 (6,257,088)
Stock-based compensation 421,299 421,299
Balance at Sep. 30, 2024 $ 647,432 $ 99,087,928 $ (328,500) $ (86,136,555) $ 8,787,293 $ 0 $ 22,057,598
Balance, shares at Sep. 30, 2024 647,431,696