XML 36 R3.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,943,925 $ 4,510,660
Trade receivables, net of allowances 2,472,225 2,997,743
Inventories 9,397,523 9,509,454
Current right-of-use assets from operating leases 1,162,438 1,160,658
Prepaid expenses 336,147 172,834
Total current assets 17,312,258 18,351,349
Note receivable 1,500,000 0
Property and equipment, net 1,300,756 1,351,039
Goodwill 1,367,109 1,367,109
Intangible assets, net 3,293,673 3,394,073
Right-of -use assets from operating leases 2,012,024 2,335,040
Other long-term assets 199,663 204,784
Total assets 26,985,483 27,003,394
Current liabilities:    
Accounts payable - trade 806,820 1,467,845
Notes payable, related party 293,779 1,084,072
Current operating lease liabilities 1,161,157 1,175,109
Accrued expenses 929,730 916,509
Customer deposits and other liabilities 46,694 165,404
Total current liabilities 3,238,180 4,808,939
Notes payable, related party, less current portion 9,275,869 8,554,980
Long-term operating lease liabilities, less current portion 2,103,111 2,445,301
Total liabilities 14,617,160 15,809,220
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; 60,000,000 shares authorized; 26,924,381 shares issued and outstanding 269,244 269,244
Additional paid-in capital 40,172,677 40,172,677
Accumulated deficit (28,073,598) (29,247,747)
Total stockholders' equity 12,368,323 11,194,174
Total liabilities and stockholders' equity $ 26,985,483 $ 27,003,394