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Consolidated Balance Sheets (Unaudited) - USD ($)
Jul. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 938,435 $ 7,421,701
Accounts receivable 7,724,414 1,401,562
Accounts receivable – related parties 15,360
Prepaid expenses 229,167
Inventories 14,947,200 6,383
Total current assets 23,839,216 8,845,006
Right of use asset- operating lease 59,246 70,133
TOTAL ASSETS 23,898,462 8,915,139
LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES:    
Accounts payable- related party 16,813,962 1,409,561
Accounts payable- trade 284,303
Accrued expenses 368,287 1,062,105
Income tax accrual 1,331,856
Deferred revenue 623,096
Operating lease obligation – short term 12,691 11,709
Total current liabilities 17,479,243 4,438,327
LONG TERM LIABILITIES    
Operating lease obligation, net of current portion 49,675 59,204
TOTAL LIABILITIES 17,528,918 4,497,531
STOCKHOLDERS’ EQUITY:    
Preferred stock 5,000,000 shares authorized; Series A Convertible Preferred stock ($.001 par value, 3,000,000 shares authorized, 3,000,000 issued and outstanding as of July 31, 2021 and October 31, 2020) 3,000 3,000
Common stock ($.001 par value, 1,000,000,000 shares authorized, 23,600,597 and 23,106,886 issued and outstanding as of July 31, 2021 and October 31, 2020, respectively) 23,600 23,107
Additional paid-in capital 9,954,779 618,904
Retained (deficit) earnings (3,611,835) 3,772,597
Total Stockholders’ Equity 6,369,544 4,417,608
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY $ 23,898,462 $ 8,915,139