Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 11,441,225 $ 12,979,444
Accounts receivable (net of allowance for credit losses of $291,372) 4,575,300 4,455,209
Inventory 28,671,398 22,659,357
Prepaid expenses and other current assets 4,240,843 2,549,559
Total current assets 48,928,766 42,643,569
Property and equipment, net 3,711,479 3,340,616
Operating leases right-of-use assets, net 7,240,673 7,628,591
Intangible assets, net 564,671 233,280
Goodwill 19,650,370 17,798,932
Other assets 363,554 377,364
TOTAL ASSETS 80,459,513 72,022,352
Current liabilities:    
Accounts payable 9,147,215 6,024,750
Other accrued liabilities 51,287
Payroll and payroll tax liabilities 1,779,035 1,072,142
Customer deposits 3,554,469 2,503,785
Sales tax payable 755,381 533,656
Current maturities of operating leases liability 1,893,594 1,836,700
Current maturities of long-term debt 82,876 110,231
Total current liabilities 17,263,857 12,081,264
Operating leases liability, net of current maturities 5,484,090 5,807,266
Long-term debt, net of current maturities 230,820 242,079
Total liabilities 22,978,767 18,130,609
Commitments and contingencies
Stockholders' Equity:    
Common stock; $.001 par value; 100,000,000 shares authorized; 38,209,300 and 36,876,305 shares issued and outstanding, respectively 38,209 36,876
Additional paid-in capital 66,423,243 60,742,055
Accumulated deficit (8,980,706) (6,887,188)
Total stockholders' equity 57,480,746 53,891,743
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 80,459,513 $ 72,022,352