Balance Sheet

v3.19.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash $ 843,612 $ 1,313,645
Cash, held in escrow 422,856
Accounts Receivable 22,498 37,090
Inventory 403,610 360,460
Prepaid Inventory 179,971 514,515
Prepaid Expenses 21,300 23,800
Total Current Assets 1,893,847 2,249,510
Fixed Assets    
Furniture, Fixtures and Equipment 550,228 464,832
Building, Land and Leasehold Improvements 2,179,621 2,197,191
Accumulated Depreciation (206,419) (108,421)
Total Net Fixed Assets 2,523,430 2,553,602
Other Assets    
Licenses 812,685 812,300
Deposits 272,460 399,551
Patent Application Costs (Note 7) 1,943,934 1,808,388
Investments, fair value (Note 2) 10,864,892
Investments, cost method (Note 2) 70,000
Right of Use (Note 2) 2,621,383
Construction in Progress (Note 5) 648,876 777,294
Total Other Assets 17,234,230 3,797,533
Total Assets 21,651,507 8,600,645
Current Liabilities    
Accounts Payable 533,784 721,939
Accrued Expenses 86,074 1,463
Lease Liability - current (Note 2) 590,139
Advances Payable 1,100 1,100
Total Current Liabilities 1,211,097 724,502
Long Term Liabilities    
Lease Liability - non current (Note 2) 2,258,129
Total Long Term Liabilities 2,258,129
Total Liabilities 3,469,226 724,502
Commitments and Contingencies (Note 8)
Stockholders' Equity (Note 3)    
Preferred Stock, convertible, $.001 par value; 1,000 shares authorized; 1,000 issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 1 1
Common Stock $.001 par value 100,000,000 authorized; 59,086,236 and 45,235,533 issued and outstanding; 504,906 and 799,770 authorized but not issued as of June 30, 2019 and December 31, 2018, respectively 59,592 46,036
Joint venture equity
Additional paid-in capital 65,745,472 49,750,553
Retained Deficit (47,605,042) (42,322,236)
Equity Attributable to GSRX Industries Inc. 18,200,023 7,474,354
Non-Controlling Interest (17,742) 401,789
Total Stockholders' Equity 18,182,281 7,876,143
Total Liabilities and Stockholders' Equity $ 21,651,507 $ 8,600,645

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