Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

v3.5.0.2
Consolidated Balance Sheet - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 511,474 $ 699,417
Accounts receivable, net of allowance of $6,500 365,023 37,554
Employee Advances 4,883 2,950
Inventory 2,387,949 1,311,639
Prepaid Expenses 10,610 17,036
Total Current Assets 3,279,939 2,068,596
Fixed Assets    
Furniture and Equipment 531,624 291,241
Accumulated Depreciation (58,186) (20,005)
Total Fixed Assets, Net 473,438 271,236
Other Assets    
Security Deposits 33,653 27,230
Goodwill 243,000 243,000
Total Other Assets 276,653 270,230
TOTAL ASSETS 4,030,030 2,610,062
Current Liabilities    
Accounts Payable 569,094 292,078
Short term borrowings 99,503 56,184
Customer Deposits 26,843 18,410
Payroll Liabilities 57,532 43,925
Sales Tax Payable 47,152 22,093
Current portion long-term debt 23,443 5,866
Total Current Liabilities 823,567 438,556
Long Term Liabilities    
Less current portion long-term debt (23,443) (5,866)
Total Long Term Liabilities 46,939 18,133
Total Liabilities 870,506 456,689
Stockholders' equity    
Common stock .001 par value, 100,000,000 shares authorized; 10,584,262 shares issued and outstanding at September 30, 2016 and 8,967,834 shares issues and outstanding at December 31, 2015 10,585 8,968
Additional Paid In Capital 4,079,032 2,862,816
Accumulated deficit (930,093) (718,411)
Total Equity 3,159,524 2,153,373
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 4,030,030 2,610,062
RMT-2005 Mitsubishi    
Long Term Liabilities    
Long-term Debt 25,289  
Wells Fargo Equipment - Forklift    
Long Term Liabilities    
Long-term Debt 25,449  
Hitachi Capital America Corp    
Long Term Liabilities    
Long-term Debt $ 19,644 $ 23,999