Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

v3.5.0.2
Consolidated Balance Sheet - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 450,828 $ 699,417
Accounts receivable, net of allowance of $6,500 147,520 37,554
Employee Advances 3,848 2,950
Inventory 2,150,280 1,311,639
Prepaid Expenses 3,303 17,036
Total Current Assets 2,755,779 2,068,596
Fixed Assets    
Furniture and Equipment 487,881 291,241
Accumulated Depreciation (41,028) (20,005)
Total Fixed Assets, Net 446,853 271,236
Other Assets    
Security Deposits 27,990 27,230
Goodwill 243,000 243,000
Total Other Assets 270,990 270,230
TOTAL ASSETS 3,473,622 2,610,062
Current Liabilities    
Accounts Payable 445,024 292,078
Short term borrowings 72,041 56,184
Customer Deposits 10,863 18,410
Payroll Liabilities 59,534 43,925
Sales Tax Payable 36,537 22,093
Current portion long-term debt 22,789 5,866
Total Current Liabilities 646,788 438,556
Long Term Liabilities    
Less current portion long-term debt (22,789) (5,866)
Total Long Term Liabilities 53,153  
Total Liabilities 699,941 456,689
Stockholders' equity    
Common stock .001 par value, 100,000,000 shares authorized; 10,048,548 shares issued and outstanding at June 30, 2016 10,049 8,968
Additional Paid In Capital 3,704,568 2,862,816
Accumulated deficit (940,936) (718,411)
Total Equity 2,773,681 2,153,373
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 3,473,622 2,610,062
RMT-2005 Mitsubishi    
Long Term Liabilities    
Long-term Debt 28,042  
Wells Fargo Equipment - Forklift    
Long Term Liabilities    
Long-term Debt 26,776  
Hitachi Capital America Corp    
Long Term Liabilities    
Long-term Debt $ 21,124 $ 23,999