Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

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Consolidated Balance Sheet - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash $ 15,982,681 $ 14,639,981
Accounts receivable, net of allowance for doubtful accounts of $119,237 at September 30, 2019 and $133,288 at December 31, 2018 2,170,362 862,397
Inventory 19,383,839 8,869,469
Prepaid expenses and other current assets 2,370,439 606,037
Total current assets 39,907,321 24,977,884
Property and equipment, net 3,118,482 1,820,821
Operating leases right-of-use assets, net 7,667,538  
Intangible assets, net 226,974 114,155
Goodwill 17,102,038 8,752,909
Other assets 394,151 227,205
TOTAL ASSETS 68,416,504 35,892,974
Current liabilities:    
Accounts payable 4,957,782 1,819,411
Other accrued liabilities 9,829 40,151
Payroll and payroll tax liabilities 991,075 410,345
Customer deposits 927,134 516,038
Sales tax payable 463,315 191,958
Current maturities of operating leases right-of-use assets 1,935,129  
Current maturities of long-term debt 207,582 436,813
Total current liabilities 9,491,846 3,414,716
Long-term convertible debt, net of debt discount and debt issuance costs 2,044,113
Operating leases right-of-use assets, net of current maturities 5,869,512  
Long-term debt, net of current maturities 264,779 375,626
Total liabilities 15,626,137 5,834,455
Stockholders’ Equity:    
Common stock; $.001 par value; 100,000,000 shares authorized; 36,652,105 and 27,948,609 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 36,652 27,949
Additional paid-in capital 59,178,587 38,796,562
Accumulated deficit (6,424,872) (8,765,992)
Total stockholders’ equity 52,790,367 30,058,519
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 68,416,504 $ 35,892,974