v3.20.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 14,823,541 $ 12,979,444
Accounts receivable (net of allowance for credit losses of $465,420 and $291,372, respectively) 3,608,966 4,455,209
Inventory, net 30,429,958 22,659,357
Prepaid expenses and other current assets 5,166,060 2,549,559
Total current assets 54,028,525 42,643,569
Property and equipment, net 4,015,982 3,340,616
Operating leases right-of-use assets, net 7,630,644 7,628,591
Deferred income taxes
Intangible assets, net 820,507 233,280
Goodwill 21,085,084 17,798,932
Other assets 294,718 377,364
TOTAL ASSETS 87,875,460 72,022,352
Current liabilities:    
Accounts payable 11,933,154 6,024,750
Other accrued liabilities 107,568
Payroll and payroll tax liabilities 1,343,696 1,072,142
Customer deposits 2,334,861 2,503,785
Sales tax payable 878,174 533,656
Income taxes payable 156,000  
Current maturities of operating leases liability 1,959,124 1,836,700
Current maturities of long-term debt 91,128 110,231
Total current liabilities 18,803,705 12,081,264
Operating leases liability, net of current maturities 5,843,739 5,807,266
Long-term debt, net of current maturities 213,930 242,079
Total liabilities 24,861,374 18,130,609
Commitments and contingencies
Stockholders' Equity:    
Common stock; $.001 par value; 100,000,000 shares authorized; 38,844,819 and 36,876,305 shares issued and outstanding, respectively 38,845 36,876
Additional paid-in capital 69,382,004 60,742,055
Accumulated deficit (6,406,763) (6,887,188)
Total stockholders' equity 63,014,086 53,891,743
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 87,875,460 $ 72,022,352

Source