Balance Sheet

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash $ 75,704 $ 1,313,645
Cash, held in escrow 528,570
Accounts Receivable 21,146 37,090
Advance to Parent and Affiliate (Note 2) 1,170,386
Inventory (Note 2) 442,316 360,460
Prepaid Inventory 371,263 514,515
Prepaid Expenses 23,800
Total Current Assets 2,609,385 2,249,510
Fixed Assets    
Furniture, Fixtures and Equipment 406,729 464,832
Building, Land and Leasehold Improvements 1,009,505 2,197,191
Accumulated Depreciation (264,583) (108,421)
Total Net Fixed Assets 1,151,651 2,553,602
Other Assets    
Licenses (Note 5) 812,300 812,300
Deposits 275,810 399,551
Patent Application Costs (Note 7) 1,808,388
Investments, fair value (Note 2) 232,247
Investments, cost method (Note 2) 70,000
Right of Use (Note 2) 2,155,738
Construction in Progress 739,473 777,294
Total Other Assets 4,285,568 3,797,533
Total Assets 8,046,604 8,600,645
Current Liabilities    
Accounts Payable 876,227 721,939
Accrued Expenses 362,903 1,463
Lease Liability - current (Note 2) 594,936
Advances Payable 1,100
Total Current Liabilities 1,834,066 724,502
Long Term Liabilities    
Lease Liability - non current (Note 2) 1,751,237
Total Long Term Liabilities 1,751,237
Total Liabilities 3,585,303 724,502
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 December 31, 2019 and December 31, 2018, respectively 1 1
Common Stock $.001 par value 100,000,000 authorized; 80,853,142 and 45,235,533 issued and outstanding; 946,144 and 799,770 authorized but not issued as of December 31, 2019 and December 31, 2018, respectively 81,800 46,036
Additional paid-in capital 83,111,254 49,750,553
Retained Deficit (78,579,239) (42,322,236)
Equity Attributable to GSRX Industries Inc. 4,613,816 7,474,354
Non-Controlling Interest (152,515) 401,789
Total Stockholders' Equity 4,461,301 7,876,143
Total Liabilities and Stockholders' Equity $ 8,046,604 $ 8,600,645

Source