Balance Sheet

v3.20.4
Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash $ 75,704
Cash, held in escrow (Note 9) 528,570 528,570
Accounts Receivable 9,810 21,146
Inventory 611,887 442,316
Prepaid Inventory 371,263
Total Current Assets 1,150,267 1,438,999
Fixed Assets    
Furniture, Fixtures and Equipment 388,750 406,729
Building, Land and Leasehold Improvements 992,007 1,009,505
Accumulated Depreciation (409,865) (264,583)
Total Net Fixed Assets 970,892 1,151,651
Other Assets    
Advance to Parent and Affiliate, net of reserve 1,170,386
Licenses 812,300 812,300
Deposits 244,164 275,810
Investments, fair value (Note 2) 258,132 232,247
Investments, cost method (Note 2) 70,000 70,000
Right of Use (Note 2) 1,553,155 2,155,738
Construction in Progress (Note 5) 526,582 739,473
Total Other Assets 3,464,333 5,455,954
Total Assets 5,585,492 8,046,604
Current Liabilities    
Accounts Payable 1,432,547 876,227
Accrued Expenses 136,766 362,903
Lease Liability - current (Note 2) 343,743 594,936
Total Current Liabilities 1,913,056 1,834,066
Long Term Liabilities    
Lease Liability - non current (Note 2) 1,089,945 1,751,237
Total Long Term Liabilities 1,089,945 1,751,237
Total Liabilities 3,003,001 3,585,303
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 September 30, 2020 and December 31, 2019, respectively 1 1
Common Stock $.001 par value 100,000,000 authorized; 81,799,286 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 81,800 81,800
Additional paid-in capital 83,111,254 83,111,254
Retained Deficit (80,265,868) (78,579,239)
Equity Attributable to GSRX Industries Inc. 2,927,187 4,613,816
Non-Controlling Interest (344,696) (152,515)
Total Stockholders' Equity 2,582,491 4,461,301
Total Liabilities and Stockholders' Equity $ 5,585,492 $ 8,046,604

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