Fresh Vine Wine Inc
For the period ended Dec 31, 2023. Filed Mar 8, 2024.
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FY2023 · Filed Mar 8, 2024
AMZE$0.07-41.1%Stored close · as of Sep 29, 2026
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Balance Sheets
December 31, 2023 and 2022
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets | ||
| Cash | $236,340 | $2,080,335 |
| Restricted cash | 100,000 | - |
| Accounts receivable | 172,101 | 259,317 |
| Due from employees – net of credit loss allowance of $0 and $20,000, respectively | - | 37,733 |
| Insurance recovery receivable | - | 804,907 |
| Inventories | 337,873 | 3,696,198 |
| Prepaid expenses and other | 42,943 | 961,211 |
| Deferred offering costs | - | 68,286 |
| Total current assets | 889,257 | 7,907,987 |
| Equity investment | 500,000 | - |
| Prepaid expenses (long-term) | - | 678,167 |
| Total assets | $1,389,257 | $8,586,154 |
| Liabilities, and stockholders’ equity (deficit) | ||
| Current liabilities | ||
| Accounts payable | $509,337 | $589,204 |
| Accrued compensation | - | 420,413 |
| Settlement payable | 585,976 | 1,250,000 |
| Accrued expenses | 810,723 | 422,931 |
| Accrued expenses - related parties | 309,333 | 280,000 |
| Deferred revenue | 3,407 | 10,000 |
| Total current liabilities | 2,218,776 | 2,972,548 |
| Total liabilities | 2,218,776 | 2,972,548 |
| Stockholders’ equity (deficit) | ||
| Series A convertible preferred stock; $0.001 par value – 25,000,000 shares authorized at December 31, 2023 and 2022; 10,000 and 0 shares issued and outstanding at December 31, 2023 and 2022, respectively | 10 | - |
| Common stock, $0.001 par value - 100,000,000 shares authorized at December 31, 2023 and 2022; 15,976,227 and 12,732,257 shares issued and outstanding at December 31, 2023 and 2022, respectively | 15,976 | 12,732 |
| Additional paid-in capital | 25,631,255 | 21,420,732 |
| Accumulated deficit | (26,476,760) | (15,819,858) |
| Total stockholders’ equity (deficit) | (829,519) | 5,613,606 |
| Total liabilities and stockholders’ equity (deficit) | $1,389,257 | $8,586,154 |
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