Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

v3.8.0.1
Consolidated Balance Sheet - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 8,762,663 $ 1,215,265
Accounts receivable, net of allowance for doubtful accounts of $97,829 at March 31, 2018 and December 31, 2017 745,116 653,568
Inventory 6,712,771 4,585,341
Prepaid expenses and other current assets 576,331 711,852
Total current assets 16,796,881 7,166,026
Property and equipment, net 1,297,621 1,259,483
Intangible assets, net 60,531 53,286
Goodwill 2,717,785 592,500
Other assets 165,650 183,113
TOTAL ASSETS 21,038,468 9,254,408
Current liabilities:    
Accounts payable 1,472,677 1,067,857
Other accrued liabilities 507 70,029
Payroll and payroll tax liabilities 155,254 247,887
Customer deposits 456,388 92,350
Sales tax payable 113,396 73,220
Current portion of long term debt 315,271 41,707
Total current liabilities 2,513,493 1,593,050
Long-term convertible debt, net of debt discount and debt issuance costs 4,361,475
Long-term debt, net of current portion 319,459 82,537
Total liabilities 7,194,427 1,675,587
Commitments and contingencies  
Stockholders' Equity:    
Common stock; $.001 par value; 100,000,000 shares authorized; 19,294,270 and 16,846,835 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively 19,284 16,846
Additional paid-in capital 18,470,424 11,254,212
Accumulated deficit (4,645,667) (3,692,237)
Total stockholders' equity 13,844,041 7,578,821
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 21,038,468 $ 9,254,408