Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

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Consolidated Balance Sheet - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 6,560,853 $ 14,639,981
Accounts receivable, net of allowance for doubtful accounts of $133,288 at March 31, 2019 and December 31, 2018 1,077,706 862,397
Inventory 15,064,585 8,869,469
Prepaid expenses and other current assets 916,492 606,037
Total current assets 23,619,636 24,977,884
Property and equipment, net 2,254,345 1,820,821
Operating leases right-of-use assets 4,628,017
Intangible assets, net 219,655 114,155
Goodwill 12,419,235 8,752,909
Other assets 564,902 227,205
TOTAL ASSETS 43,705,790 35,892,974
Current liabilities:    
Accounts payable 3,028,954 1,819,411
Other accrued liabilities 36,352 40,151
Payroll and payroll tax liabilities 515,278 410,345
Customer deposits 697,582 516,038
Sales tax payable 304,709 191,958
Current maturities of operating leases right-of-use assets 1,210,098
Current maturities of long-term debt 436,813 436,813
Total current liabilities 6,229,786 3,414,716
Long-term convertible debt, net of debt discount and debt issuance costs 2,169,058 2,044,113
Operating leases right-of-use assets, net of current maturities 3,445,216
Long-term debt, net of current maturities 276,066 375,626
Total liabilities 12,120,126 5,834,455
Commitments and contingencies
Stockholders' Equity:    
Common stock; $.001 par value; 100,000,000 shares authorized; 28,844,552 and 27,948,609 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 28,845 27,949
Additional paid-in capital 40,093,390 38,796,562
Accumulated deficit (8,536,571) (8,765,992)
Total stockholders' equity 31,585,664 30,058,519
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 43,705,790 $ 35,892,974