Annual report pursuant to Section 13 and 15(d)

Correction of Error in Previously Reported Consolidated Financial Statements (Details)

v3.21.1
Correction of Error in Previously Reported Consolidated Financial Statements (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Current assets:      
Cash and cash equivalents $ 177,911,511 $ 12,979,444 $ 14,639,981
Accounts receivable, net 3,900,519 2,953,921  
Notes receivable, net 2,612,134 1,037,541  
Inventory 54,024,491 21,576,609  
Prepaids and other current assets 11,124,752 2,549,559  
Total current assets 250,228,660 41,097,074  
Property and equipment, net 6,475,130 3,340,616  
Operating leases right-of-use assets, net 12,088,390 7,628,591  
Notes receivable 1,199,743 463,747  
Intangible assets, net 21,489,544 233,280  
Goodwill 62,951,461 17,798,932 8,752,909
Other assets 300,767 377,364  
TOTAL ASSETS 354,733,695 70,939,604  
Current liabilities:      
Accounts payable 14,623,107 6,024,750  
Payroll and payroll tax liabilities 2,655,427 1,072,142  
Customer deposits 5,154,524 2,503,785  
Sales tax payable 1,160,752 533,656  
Current maturities of right-of-use assets 3,000,684 1,836,700  
Current portion of long-term debt 82,877 110,231  
Total current liabilities 27,349,474 12,081,264  
Operating leases right-of-use assets, net of current maturities 9,478,553 5,807,266  
Long-term debt, net of current portion 157,987 242,079  
Total liabilities 37,736,444 18,130,609  
Stockholders' Equity:      
Common stock; $.001 par value; 100,000,000 shares 36,876,305 shares issued and outstanding as of December 31, 2019 57,152 36,876  
Additional paid-in capital 319,581,657 60,742,055  
Accumulated deficit (2,641,558) (7,969,936)  
Total stockholders' equity 316,997,251 52,808,995 29,523,733
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 354,733,695 70,939,604  
As Previously Reported [Member]      
Current assets:      
Cash and cash equivalents   12,979,444 14,639,981
Accounts receivable, net   2,953,921  
Notes receivable, net   1,037,541  
Inventory   22,659,357  
Prepaids and other current assets   2,549,559  
Total current assets   42,171,822  
Property and equipment, net   3,340,616  
Operating leases right-of-use assets, net   7,628,591  
Notes receivable   463,747  
Intangible assets, net   233,280  
Goodwill   17,798,932  
Other assets   377,364  
TOTAL ASSETS   72,022,352  
Current liabilities:      
Accounts payable   6,024,750  
Payroll and payroll tax liabilities   1,072,142  
Customer deposits   2,503,785  
Sales tax payable   533,656  
Current maturities of right-of-use assets   1,836,700  
Current portion of long-term debt   110,231  
Total current liabilities   12,081,264  
Operating leases right-of-use assets, net of current maturities   5,807,266  
Long-term debt, net of current portion   242,079  
Total liabilities   18,130,609  
Stockholders' Equity:      
Common stock; $.001 par value; 100,000,000 shares 36,876,305 shares issued and outstanding as of December 31, 2019   36,876  
Additional paid-in capital   60,742,055  
Accumulated deficit   (6,887,188)  
Total stockholders' equity   53,891,743  
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   72,022,352  
Adjustment [Member]      
Current assets:      
Inventory   (1,082,748)  
Stockholders' Equity:      
Accumulated deficit   (1,082,748)  
Revised [Member]      
Current assets:      
Cash and cash equivalents   12,979,444 $ 14,639,981
Accounts receivable, net   2,953,921  
Notes receivable, net   1,037,541  
Inventory   21,576,609  
Prepaids and other current assets   2,549,559  
Total current assets   41,097,074  
Property and equipment, net   3,340,616  
Operating leases right-of-use assets, net   7,628,591  
Notes receivable   463,747  
Intangible assets, net   233,280  
Goodwill   17,798,932  
Other assets   377,364  
TOTAL ASSETS   70,939,604  
Current liabilities:      
Accounts payable   6,024,750  
Payroll and payroll tax liabilities   1,072,142  
Customer deposits   2,503,785  
Sales tax payable   533,656  
Current maturities of right-of-use assets   1,836,700  
Current portion of long-term debt   110,231  
Total current liabilities   12,081,264  
Operating leases right-of-use assets, net of current maturities   5,807,266  
Long-term debt, net of current portion   242,079  
Total liabilities   18,130,609  
Stockholders' Equity:      
Common stock; $.001 par value; 100,000,000 shares 36,876,305 shares issued and outstanding as of December 31, 2019   36,876  
Additional paid-in capital   60,742,055  
Accumulated deficit   (7,969,936)  
Total stockholders' equity   52,808,995  
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $ 70,939,604