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Balance Sheet 12/31/2112/31/22Current assets Cash and cash equivalents19,759,329 82,295,021 Accounts receivable, net of allowance6,206,572 13,682,603 Unbilled receivables417,950 352,017 Prepaid expenses and other current assets131,811 309,672
Balance Sheet 12/31/2112/31/22Current assets Cash and cash equivalents19,759,329 82,295,021 Accounts receivable, net of allowance6,206,572 13,682,603 Unbilled receivables417,950 352,017 Prepaid expenses and other current assets131,811 309,672 Total current assets$ 26,515,662 $ 96,639,313 Computer Equipment,Furniture, Vehicles, net of accumulated depreciation 56,857 236,859 Software development costs, net of accumulated amortization546,083 1,409,243 Deposits154,207 882,618 Total assets$ 27,272,809 $ 99,168,032 Current liabilities Accounts payable - third parties1,114,942 2,464,700 Accounts payable - related parties409,170 Accrued expenses521,209 365,027 Total current liabilities$ 2,045,321 $ 2,829,727 Stockholders' equity Common stock750 750 Preferred stock Series A6,128,745 6,128,745 Preferred stock Series B21,529,605 21,529,605 Preferred stock Series C 80,000,000 Additional paid-in capital6,500 6,500 Accumulated deficit(2,438,112)(11,327,295)Total stockholders' equity$ 25,227,488 $ 96,338,305 Total liabilities and stockholders' equity$ 27,272,809 $ 99,168,032
20222023 (forecast)Revenue$ 45,478,239 $ 149,003,183 Food & Bev20,012,322 86,953,156 Consumer Goods23,413,988 56,500,027 Alcohol2,051,929 5,550,000 Cost of Revenue (Courier Payout)40,237,075 119,017,509 Food & Bev18,301,984 66,753,357 Consumer Goods19,914,768 46,769,652 Alcohol2,020,323 5,494,500 Gross Profit5,241,164 29,985,675 Food & Bev1,710,338 20,199,799 Consumer Goods3,499,220 9,730,376 Alcohol31,606 55,500 SG&A Payroll 7,641,696 17,858,535 Food & Bev1,645,553 2,280,708 Consumer Goods1,797,131 1,095,398 Alcohol62,522 158,796 Product788,806 1,955,757 Engineering1,123,228 3,948,526 Marketing348,192 756,268 Corporate (HR/Accounting/Executives)1,403,035 3,135,608 Sales473,229 4,527,473 Marketing340,056 240,000 Legal & Professional Fee498,866 120,000 General and administrative5,415,910 8,987,859 Total Expense13,896,528 27,206,394 EBITDA$ (8,655,364)$ 2,779,280 Interest Expense(Income)(238,418)- Income Taxes Expense7,963 - Depreciation Expense221,552 332,328 Amortization Expense242,721 331,436 Net Income(Loss)$ (8,889,183)$ 2,115,516
Do you think this Company is better suited to operate in Sacramento or San Francisco? Why?
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