Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 177,911,511 $ 12,979,444
Accounts receivable, net of allowance for doubtful accounts of $192,193 and $291,372 at December 31, 2020 and 2019 3,900,519 2,953,921
Notes receivable, current, net of allowance for doubtful accounts of $292,050 and $0 at December 31, 2020 and 2019 2,612,134 1,037,541
Inventory 54,024,491 21,576,609
Income tax receivable 655,253
Prepaids and other current assets 11,124,752 2,549,559
Total current assets 250,228,660 41,097,074
Property and equipment, net 6,475,130 3,340,616
Operating leases right-of-use assets, net 12,088,390 7,628,591
Notes receivables, net of current portion 1,199,743 463,747
Intangible assets, net 21,489,544 233,280
Goodwill 62,951,461 17,798,932
Other assets 300,767 377,364
TOTAL ASSETS 354,733,695 70,939,604
Current liabilities:    
Accounts payable 14,623,107 6,024,750
Accrued liabilities 672,103
Payroll and payroll tax liabilities 2,655,427 1,072,142
Customer deposits 5,154,524 2,503,785
Sales tax payable 1,160,752 533,656
Current maturities of lease liability 3,000,684 1,836,700
Current portion of long-term debt 82,877 110,231
Total current liabilities 27,349,474 12,081,264
Deferred tax liability 750,430  
Operating lease liability, net of current maturities 9,478,553 5,807,266
Long-term debt, net of current portion 157,987 242,079
Total liabilities 37,736,444 18,130,609
Commitments and contingencies
Stockholders' Equity:    
Common stock; $.001 par value; 100,000,000 shares authorized; 57,150,998 and 36,876,305 shares issued and outstanding as of December 31, 2020 and 2019, respectively 57,152 36,876
Additional paid-in capital 319,581,657 60,742,055
Accumulated deficit (2,641,558) (7,969,936)
Total stockholders' equity 316,997,251 52,808,995
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 354,733,695 $ 70,939,604