Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

v3.19.2
Consolidated Balance Sheet - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash $ 17,859,472 $ 14,639,981
Accounts receivable, net of allowance for doubtful accounts of $119,237 at June 30, 2019 and $133,288 at December 31, 2018 1,420,233 862,397
Inventory 15,128,955 8,869,469
Prepaid expenses and other current assets 1,581,140 606,037
Total current assets 35,989,800 24,977,884
Property and equipment, net 2,832,581 1,820,821
Operating leases right-of-use assets, net 5,461,196  
Intangible assets, net 226,205 114,155
Goodwill 14,725,115 8,752,909
Other assets 318,355 227,205
TOTAL ASSETS 59,553,252 35,892,974
Current liabilities:    
Accounts payable 2,865,955 1,819,411
Other accrued liabilities 36,247 40,151
Payroll and payroll tax liabilities 673,939 410,345
Customer deposits 436,315 516,038
Sales tax payable 425,792 191,958
Current maturities of operating leases right-of-use assets 1,550,349  
Current maturities of long-term debt 294,712 436,813
Total current liabilities 6,283,309 3,414,716
Long-term convertible debt, net of debt discount and debt issuance costs 2,096,992 2,044,113
Operating leases right-of-use assets, net of current maturities 3,993,403  
Long-term debt, net of current maturities 288,872 375,626
Total liabilities 12,662,576 5,834,455
Commitments and contingencies
Stockholders' Equity:    
Common stock; $.001 par value; 100,000,000 shares authorized; 34,834,911 and 27,948,609 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 34,834 27,949
Additional paid-in capital 54,330,413 38,796,562
Accumulated deficit (7,474,571) (8,765,992)
Total stockholders' equity 46,890,676 30,058,519
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 59,553,252 $ 35,892,974