Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet

v3.10.0.1
Consolidated Balance Sheet - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash $ 14,330,758 $ 1,215,265
Accounts receivable, net of allowance for doubtful accounts of $97,829 at September 30, 2018 and December 31, 2017 1,009,242 653,568
Inventory 9,476,416 4,585,341
Prepaid expenses and other current assets 658,416 711,852
Total current assets 25,474,832 7,166,026
Property and equipment, net 1,771,441 1,259,483
Intangible assets, net 86,133 53,286
Goodwill 8,752,912 592,500
Other assets 124,201 183,113
TOTAL ASSETS 36,209,519 9,254,408
Current liabilities:    
Accounts payable 1,340,990 1,067,857
Other accrued liabilities 39,702 70,029
Payroll and payroll tax liabilities 178,697 247,887
Customer deposits 150,848 92,350
Sales tax payable 190,032 73,220
Current portion of long-term debt 435,029 41,707
Total current liabilities 2,335,298 1,593,050
Long-term convertible debt, net of debt discount and debt issuance costs 2,336,905
Long-term debt, net of current portion 613,649 82,537
Total liabilities 5,285,852 1,675,587
Commitments and contingencies
Stockholders' Equity:    
Common stock; $.001 par value; 100,000,000 shares authorized; 27,437,113 and 16,846,835 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 27,437 16,846
Additional paid-in capital 37,257,465 11,254,212
Accumulated deficit (6,361,235) (3,692,237)
Total stockholders' equity 30,923,667 7,578,821
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 36,209,519 $ 9,254,408