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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
[1]
Current assets:    
Cash $ 5,314,112 $ 14,186,624
Accounts receivable, net 12,836,991 6,375,658
Inventories, net 6,848,755 5,305,505
Prepaid expenses and other current assets 3,336,674 1,180,444
Total current assets 28,336,532 27,048,231
Property and equipment, net 121,504 62,642
Total Assets 28,458,036 27,110,873
Current liabilities:    
Accounts payable and accrued expenses 14,501,149 6,311,824
Accrued preferred dividends 212,265 133,883
Customer advances and other current liabilities 14,534 17,921
Total current liabilities 14,727,948 6,463,628
Long-term liabilities:    
Note payable-related party 3,500,000 3,500,000
Total Liabilities 18,227,948 9,963,628
Commitments and contingences (note 14)
Stockholders' Equity:    
Preferred Stock, $0.001 par value; 2,500,000 shares authorized, 2,760 and 6,760 shares issued and outstanding at September 30, 2018 and December 31, 2017 3 7
Common stock, $0.001 par value; 75,000,000 shares authorized, 51,124,946 and 45,701,593 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 51,125 45,702
Additional paid-in capital 82,659,488 79,101,824
Accumulated other comprehensive loss/(income) 6,752 (39,378)
Accumulated deficit (72,487,280) (61,960,910)
Total Stockholders' Equity 10,230,088 17,147,245
Total Liabilities and Stockholders' Equity $ 28,458,036 $ 27,110,873
[1] Derived from Audited Financial Statements