Sow Good Inc
For the period ended Dec 31, 2023. Filed Mar 22, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 22, 2024
SOWG$2.02-7.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31, 2023 and 2022
BALANCE SHEETS
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $2,410,037 | $276,464 |
| Accounts receivable, net | 2,578,259 | 191,022 |
| Inventory | 4,123,246 | 1,874,949 |
| Prepaid inventory | 563,131 | 97,930 |
| Prepaid expenses | 563,164 | 137,692 |
| Total current assets | 10,237,837 | 2,578,057 |
| Property and equipment: | ||
| Construction in progress | 1,522,465 | 2,487,673 |
| Property and equipment | 6,287,422 | 3,055,579 |
| Less accumulated depreciation | (967,602) | (508,257) |
| Total property and equipment, net | 6,842,285 | 5,034,995 |
| Security deposit | 346,616 | 24,000 |
| Right-of-use asset | 4,061,820 | 1,261,525 |
| Total assets | $21,488,558 | $8,898,577 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $853,535 | $392,691 |
| Accrued interest | 860,693 | 226,575 |
| Accrued expenses | 648,947 | 218,368 |
| Current portion of operating lease liabilities | 550,941 | 52,543 |
| Current maturities of notes payable, related parties, net of $431,854 and $0 of debt discounts at December 31, 2023 and 2022, respectively | 2,543,146 | - |
| Current maturities of notes payable, net of $86,062 and $0 of debt discounts at December 31, 2023 and 2022, respectively | 313,938 | - |
| Total current liabilities | 5,771,200 | 890,177 |
| Operating lease liabilities | 3,671,729 | 1,301,355 |
| Notes payable, related parties, net of $1,448,858 and $2,692,757 of debt discounts at December 31, 2023 and 2022, respectively | 4,171,142 | 3,502,243 |
| Notes payable, net of $135,962 and 336,082 of debt discounts at December 31, 2023 and 2022, respectively | 594,038 | 393,915 |
| Total liabilities | 14,208,109 | 6,087,690 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding | - | - |
| Common stock, $0.001 par value, 500,000,000 shares authorized, 6,029,371 and 4,847,384 shares issued and outstanding at December 31, 2023 and 2022, respectively | 6,029 | 4,847 |
| Additional paid-in capital | 66,014,415 | 58,485,602 |
| Accumulated deficit | (58,739,995) | (55,679,562) |
| Total stockholders' equity | 7,280,449 | 2,810,887 |
| Total liabilities and stockholders' equity | $21,488,558 | $8,898,577 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.