v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash $ 356,512 $ 1,598,737
Accounts receivable, net of allowance for doubtful accounts of $568,997 and $418,997, respectively 2,639,227 1,394,681
Inventory 3,357,834 2,921,500
Prepaid and other current assets 313,344 331,822
Total Current Assets 6,666,917 6,246,740
Property and equipment, net of accumulated depreciation of $2,924,127 and $2,683,298, respectively 15,847,697 9,686,103
Deposit on acquisition 550,000
Intangible assets, net of accumulated amortization of $1,015,371 and $824,150, respectively 5,689,118 3,378,764
Restricted deposit 806,466 806,466
Security deposits 152,785 227,125
Right-of-use assets 3,824,919
Goodwill 11,123,231 6,690,724
Total Assets 44,111,132 27,585,922
Current Liabilities    
Accounts payable 4,055,180 2,600,706
Accrued expenses 675,296 755,455
Financing leases liability, current 90,303 90,303
Right-of-use liability, current 641,587
Note payable 999,900 94,008
Total Current Liabilities 6,462,266 3,540,472
Long Term Liabilities    
Note payable, net of current 1,661,996 601,582
Financing leases liability, net of current 180,718 203,294
Right-of-use liability, net of current 3,183,332
Total Liabilities 11,488,312 4,345,348
Commitments and Contingencies
Temporary Equity    
Series E Preferred stock: 455,882 shares designated; 0 and 36,765 shares issued and outstanding. 50,000
Stockholders' Equity    
Common stock: $0.001 par; 190,000,000 shares authorized; 24,164,227 shares issued and outstanding at March 31, 2019 and 7,732,815 shares issued and outstanding at December 31, 2018. 24,163 7,732
Additional paid-in-capital 118,380,766 102,802,553
Accumulated deficit (85,782,109) (79,619,711)
Total Stockholders' Equity 32,622,820 23,190,574
Total Liabilities, Temporary Equity and Stockholders' Equity $ 44,111,132 $ 27,585,922

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