v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash $ 1,635,862 $ 1,598,737
Accounts receivable, net of allowance for doubtful accounts of $800,082 and $418,997, respectively 2,783,345 1,394,681
Inventory 3,248,619 2,921,500
Prepaid and other current assets 675,796 331,822
Total Current Assets 8,343,622 6,246,740
Property and equipment, net of accumulated depreciation of $3,220,823 and $2,683,298, respectively 15,796,192 9,686,103
Deposit on acquisition 550,000
Intangible assets, net of accumulated amortization of $1,287,519 and $824,150, respectively 6,709,913 3,378,764
Restricted deposit 816,466 806,466
Security deposits 152,358 227,125
Right-of-use assets, net of accumulated amortization of $391,589 and $0, respectively 3,750,420
Goodwill 11,123,231 6,690,724
Total Assets 46,692,202 27,585,922
Current Liabilities    
Accounts payable 4,092,959 2,600,706
Accrued expenses 1,057,354 755,455
Financing leases liability, current 90,303 90,303
Operating leases liability, current 670,055
Note payable, net of debt discount of $228,000 and $0, respectively 1,575,255 94,008
Total Current Liabilities 7,485,926 3,540,472
Long Term Liabilities    
Note payable, net of current 1,531,491 601,582
Financing leases liability, net of current 158,142 203,294
Operating leases liability, net of current 3,080,365
Senior convertible debenture, net of debt discount of $186,957 and $0, respectively 1,313,043
Total Liabilities 13,568,967 4,345,348
Temporary Equity    
Series E Preferred stock: 455,882 shares designated; 0 and 36,765 shares issued and outstanding with a liquidation preference of approximately $0 at June 30, 2019 50,000
Stockholders' Equity    
Common stock: $0.001 par; 190,000,000 shares authorized; 42,700,933 shares issued and outstanding at June 30, 2019 and 7,732,815 shares issued and outstanding at December 31, 2018. 42,701 7,732
Additional paid-in-capital 124,237,471 102,802,553
Accumulated deficit (91,156,937) (79,619,711)
Total Stockholders' Equity 33,123,235 23,190,574
Total Liabilities, Temporary Equity and Stockholders' Equity $ 46,692,202 $ 27,585,922

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