Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 606,644 $ 699,417
Accounts receivable, net of allowance for doubtful accounts of $47,829 and $6,500, respectively 391,235 37,554
Employee advances 10,678 2,950
Inventory 2,574,438 1,311,639
Prepaid expenses 24,578 17,036
Total Current Assets 3,607,573 2,068,596
Property and Equipment, Net 549,854 271,236
Other Assets    
Security deposits 42,526 27,230
Goodwill 243,000 243,000
Total Other Assets 285,526 270,230
Total Assets 4,442,953 2,610,062
Current Liabilities    
Current maturities of long-term debt 23,443 5,866
Accounts payable 535,913 292,078
Short term borrowings 107,880 56,184
Customer deposits 51,672 18,410
Payroll and payroll tax liabilities 77,068 43,925
Sales taxes payable 46,942 22,093
Total Current Liabilities 842,918 438,556
Long-Term Debt - net of current portion 41,726 18,133
Total Liabilities 884,644 456,689
Stockholders' Equity    
Common stock $.001 par value, 100,000,000 shares authorized: 11,742,834 shares issued and outstanding at December 31, 2016 and 8,967,834 shares issued and outstanding at December 31, 2015 11,743 8,968
Additional paid in capital 4,696,221 2,862,816
Accumulated (deficit) (1,149,655) (718,411)
Total Stockholders' Equity 3,558,309 2,153,373
Total Liabilities and Stockholders' Equity $ 4,442,953 $ 2,610,062