Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,215,265 $ 606,644
Accounts receivable, net of allowance for doubtful accounts of $97,829 and $47,829 at December 31, 2017 and 2016, respectively 653,568 391,235
Inventory 4,585,341 2,574,438
Prepaid expenses and other current assets 711,852 35,256
Total current assets 7,166,026 3,607,573
Property and equipment, net 1,259,483 549,854
Intangible assets, net 53,286
Goodwill 592,500 243,000
Other assets 183,113 42,526
TOTAL ASSETS 9,254,408 4,442,953
Current liabilities:    
Accounts payable 1,067,857 643,793
Other accrued liabilities 70,029
Payroll and payroll tax liabilities 247,887 77,068
Customer deposits 92,350 51,672
Sales tax payable 73,220 46,942
Current portion of long term debt 41,707 23,443
Total current liabilities 1,593,050 842,918
Long term debt, net of current portion 82,537 41,726
Total liabilities 1,675,587 884,644
Commitments and contingencies
Stockholders' Equity:    
Common stock; $.001 par value; 100,000,000 shares authorized; 16,846,835 and 11,742,834 shares issued and outstanding as December 31, 2017 and 2016, respectively 16,846 11,743
Additional paid-in capital 11,254,212 4,696,221
Accumulated deficit (3,692,237) (1,149,655)
Total stockholders' equity 7,578,821 3,558,309
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 9,254,408 $ 4,442,953