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Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 414,225	$ 969,676
Accounts receivable, net of allowance of $41,000 and $42,000, respectively	81,455	111,863
Inventories, net	801,022	860,918
Prepaid expenses and other current assets	394,086	411,911
Total current assets	1,690,788	2,354,368
Right-of-use operating lease asset	1,866,226	1,979,833
Property and equipment, net	1,355,424	1,395,104
Intangible assets, net	1,507,465	1,637,491
Goodwill	15,880,097	15,880,097
Total assets	22,300,000	23,246,893
Current liabilities
Accounts payable and accrued expenses	2,814,450	2,617,536
Interest payable	1,823,447	1,570,077
Income tax payable	529,748	392,765
Operating lease liability, current	849,686	846,201
Finance lease liability, current	79,259	205,400
Accrued stock payable	60,900	60,900
Accrued dividends	123,900	106,200
Warrant derivative liability	3,223	4,716
Accrued legal fees	90,000	102,000
Notes payable - current	990,067	1,092,382
Contingent Earnout Liability	469,907	367,056
Total current liabilities	7,834,587	7,365,233
Operating lease liability, non-current	1,106,199	1,218,392
Finance lease liability, non-current	610,238	501,248
Notes payable - non-current (net of unamortized discount)	13,993,311	14,013,861
Total liabilities	23,554,335	23,098,734
Commitments and contingencies (Note 12)
Stockholders’ equity (deficit)
Preferred stock, no par value; 5,000,000 and 5,000,000 shares authorized; 1,180 and 1,180 issued and outstanding, respectively	1,073,446	1,073,446
Common stock, $0.001 par value; 200,000,000 and 200,000,000 shares authorized; 108,746,520 and 108,746,520 shares issued and outstanding, respectively	108,746	108,746
Additional paid-in capital	99,465,275	99,450,307
Accumulated deficit	(101,891,802)	(100,484,340)
Total stockholders’ equity (deficit)	(1,244,335)	148,159
Total liabilities and stockholders’ equity (deficit)	$ 22,300,000	$ 23,246,893

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References

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TREES Corp (Colorado) 10-Q