v3.22.1

Balance Sheets - USD ($)	Mar. 31, 2022	Jun. 30, 2021
CURRENT ASSETS
Cash	$ 567,190	$ 516,192
Accounts receivable	307,977	728,315
Current inventory - net	1,146,240	659,333
Prepaid and other current assets	120,063	94,483
Total Current Assets	2,141,470	1,998,323
RIGHT TO USE LEASE ASSETS, OPERATING, NET	425,735	544,070
PROPERTY AND EQUIPMENT
Molds and models	583,611	583,611
Equipment	3,093,030	2,910,018
Furniture and fixtures	73,423	73,423
Software	233,528	233,528
Less - accumulated depreciation	(3,730,208)	(3,690,515)
Property and Equipment - net	253,384	110,065
OTHER ASSETS
Patents and trademarks - net	62,043	75,977
Non-current inventory	189,171	163,289
Deposits	11,000	11,000
Total Other Assets	262,214	250,266
TOTAL ASSETS	3,082,803	2,902,724
CURRENT LIABILITIES
Accounts payable and accrued expenses	590,892	767,193
Current portion of long-term debt	2,000	2,000
Current portion of lease liability	148,950	147,600
Deferred revenue	42,695	25,892
Total Current Liabilities	784,537	942,685
Long-term debt	60,878	61,326
Long-term lease liability	188,550	300,600
TOTAL LIABILITIES	1,033,965	1,304,611
STOCKHOLDERS’ EQUITY
Common Stock: 100,000,000 shares authorized of $0.001 par value, 74,667,868 and 73,047,868 shares issued and outstanding, respectively	74,668	73,048
Additional paid-in capital	62,866,097	62,805,404
Stock payable	25,791	0
Accumulated deficit	(60,917,718)	(61,280,339)
Total Stockholders’ Equity	2,048,838	1,598,113
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 3,082,803	$ 2,902,724

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

AMERITYRE CORP 10-Q