Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 14,639,981 $ 1,215,265
Accounts receivable, net of allowance for doubtful accounts of $133,288 and $97,829 at December 31, 2018 and 2017 862,397 653,568
Inventory 8,869,469 4,585,341
Prepaid expenses and other current assets 606,037 711,852
Total current assets 24,977,884 7,166,026
Property and equipment, net 1,820,821 1,259,483
Intangible assets, net 114,155 53,286
Goodwill 8,752,909 592,500
Other assets 227,205 183,113
TOTAL ASSETS 35,892,974 9,254,408
Current liabilities:    
Accounts payable 1,819,411 1,067,857
Other accrued liabilities 40,151 70,029
Payroll and payroll tax liabilities 410,345 247,887
Customer deposits 516,038 92,350
Sales tax payable 191,958 73,220
Current portion of long-term debt 436,813 41,707
Total current liabilities 3,414,716 1,593,050
Long-term convertible debt, net of debt discount and debt issuance costs 2,044,113
Long-term debt, net of current portion 375,626 82,537
Total liabilities 5,834,455 1,675,587
Commitments and contingencies  
Stockholders' Equity:    
Common stock; $.001 par value; 100,000,000 shares authorized; 27,948,609 and 16,846,835 shares issued and outstanding as of December 31, 2018 and 2017, respectively 27,949 16,846
Additional paid-in capital 38,796,562 11,254,212
Accumulated deficit (8,765,992) (3,692,237)
Total stockholders' equity 30,058,519 7,578,821
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 35,892,974 $ 9,254,408