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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
[1]
Current assets:    
Cash $ 8,495,911 $ 14,186,624
Accounts receivable, net 6,624,534 6,375,658
Inventories, net 6,231,029 5,305,505
Prepaid expenses and other current assets 2,674,066 1,180,444
Total current assets 24,025,540 27,048,231
Property and equipment, net 121,057 62,642
Total Assets 24,146,597 27,110,873
Current liabilities:    
Accounts payable and accrued expenses 7,532,328 6,311,824
Accrued preferred dividends 168,626 133,883
Customer advances and other current liabilities 38,904 17,921
Total current liabilities 7,739,858 6,463,628
Long-term liabilities:    
Note payable-related party 3,500,000 3,500,000
Total Liabilities 11,239,858 9,963,628
Stockholders' Equity:    
Preferred Stock, $0.001 par value; 2,500,000 shares authorized, 2,760 and 6,760 shares issued and outstanding at June 30, 2018 and December 31, 2017 3 7
Common stock, $0.001 par value; 75,000,000 shares authorized, 51,063,151 and 45,701,593 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 51,063 45,702
Additional paid-in capital 81,226,797 79,101,824
Accumulated other comprehensive loss (59,197) (39,378)
Accumulated deficit (68,311,927) (61,960,910)
Total Stockholders' Equity 12,906,739 17,147,245
Total Liabilities and Stockholders' Equity $ 24,146,597 $ 27,110,873
[1] Derived from Audited Financial Statements