Balance Sheet

v3.19.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash $ 1,192,582 $ 1,313,645
Cash, held in escrow 333,572
Accounts Receivable 26,440 37,090
Inventory 649,841 360,460
Prepaid Inventory 338,280 514,515
Prepaid Expenses 21,300 23,800
Total Current Assets 2,562,015 2,249,510
Fixed Assets    
Furniture, Fixtures and Equipment 509,645 464,832
Building, Land and Leasehold Improvements 2,284,520 2,197,191
Accumulated Depreciation (152,613) (108,421)
Total Net Fixed Assets 2,641,552 2,553,602
Other Assets    
Licenses 812,300 812,300
Deposits 545,121 399,551
Patent Application Costs (Note 7) 1,943,934 1,808,388
Investments, fair value 11,666,998
Investments, cost method 70,000
Right of Use (Note 2) 6,316,879
Construction in Progress (Note 5) 880,033 777,294
Total Other Assets 22,235,265 3,797,533
Total Assets 27,438,832 8,600,645
Current Liabilities    
Accounts Payable 1,208,485 721,939
Accrued Expenses 25,441 1,463
Lease Liability - current 1,188,821
Advances Payable 1,100 1,100
Total Current Liabilities 2,423,847 724,502
Long Term Liabilities    
Lease Liability - non curent 5,238,108
Total Long Term Liabilities 5,238,108
Total Liabilities 7,661,955 724,502
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 March 31, 2019 and December 31, 2018, respectively 1 1
Common Stock $.001 par value 100,000,000 authorized; 46,021,677 and 45,235,533 issued and outstanding; 13,064,559 and 799,770 authorized but not issued 59,087 46,036
Additional paid-in capital 64,748,051 49,750,553
Retained Deficit (45,409,437) (42,322,236)
Equity Attributable to GSRX Industries Inc. 19,295,702 7,474,354
Non-Controlling Interest 379,175 401,789
Total Stockholders' Equity 19,776,877 7,876,143
Total Liabilities and Stockholders' Equity $ 27,438,832 $ 8,600,645

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