Balance Sheet

v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash $ 1,313,645 $ 4,645
Cash, held in escrow 6,753,373
Accounts Receivable 37,090
Inventory 360,460
Prepaid Inventory 514,515
Prepaid Expenses 23,800 20,650
Total Current Assets 2,249,510 6,778,668
Fixed Assets    
Furniture, Fixtures and Equipment 464,832
Building, Land and Leasehold Improvements 2,197,191
Accumulated Depreciation (108,421)
Total Net Fixed Assets 2,553,602
Other Assets    
Licenses (Note 5) 812,300 503,000
Deposits 399,551 7,300
Patent Application Costs (Note 8) 1,808,388
Construction in Progress (Note 6) 777,294 241,627
Total Other Assets 3,797,533 751,927
Total Assets 8,600,645 7,530,595
Current Liabilities    
Accounts Payable 721,939 222,515
Accrued Expenses 1,463
Advances Payable 1,100 1,000
Total Current Liabilities 724,502 223,515
Total Liabilities 724,502 223,515
Commitments and Contingencies (Note 9)
Stockholders' Equity (Note 3)    
Preferred Stock, convertible, $.001 par value; 1,000 shares authorized; 1,000 issued and outstanding as of December 31, 2018 and December 31, 2017, respectively 1 1
Common Stock $.001 par value 100,000,000 authorized; 45,235,533 and 40,817,870 issued and outstanding; 799,770 and 0 authorized but not issued; 0 and 77,167 held in in escrow and not issued as of December 31,2018 and 2017, respectively 46,036 40,895
Additional paid-in capital 49,750,553 33,349,144
Retained Deficit (42,322,236) (26,082,960)
Equity Attributable to GSRX Industries Inc. 7,474,354 7,307,080
Non-Controlling Interest 401,789
Total Stockholders' Equity 7,876,143 7,307,080
Total Liabilities and Stockholders' Equity $ 8,600,645 $ 7,530,595

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