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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 5,519,829 $ 5,185,321
Accounts receivable, net 9,744,171 11,667,157
Inventories, net 9,999,680 7,369,356
Prepaid expenses and other current assets 720,070 453,938
Total current assets 25,983,750 24,675,772
Property and equipment, net 3,567,582 3,568,564
Deposits and other 81,711 47,146
Deferred tax assets, net 3,939,546 3,019,823
Goodwill 7,120,510 7,120,510
Intangible assets, net 826,157 1,346,192
Total Assets 41,519,256 39,778,007
Current liabilities    
Accounts payable 3,680,192 4,115,977
Accrued expenses and other liabilities 3,758,109 4,607,432
Current portion of notes payable, net of debt discount of $3,802 and $7,019, respectively (Note 7) 1,433,200 1,377,751
Current portion of related-party notes payable, net of debt discount of $12,491 and $23,060, respectively (Note 7) 345,586 561,441
Senior secured convertible note, net of discounts of $337,247 (Note 7) 1,299,117  
Total current liabilities 10,516,204 10,662,601
Notes payable, net of current portion and debt discount of $0 and $2,047, respectively (Note 7)   149,301
Related-party notes payable, net of current portion and debt discount of $0 and $6,726 , respectively (Note 7)   199,943
Senior secured convertible note, net of discounts of $51,707 (Note 7) 902,839  
Paycheck protection plan note payable (Note 7) 1,499,360  
Total liabilities 12,918,403 11,011,845
Commitments and contingencies (Note 9)
Stockholders’ equity    
Common stock, $.0001 par value; 50,000,000 shares authorized; 16,620,908 and 16,121,747 shares issued and outstanding, respectively 1,662 1,612
Additional paid-in capital 30,480,405 30,537,015
Noncontrolling interest   500
Accumulated other comprehensive income (loss) 124,382 (17,773)
Accumulated deficit (2,005,596) (1,755,192)
Total stockholders’ equity 28,600,853 28,766,162
Total liabilities and stockholders' equity $ 41,519,256 $ 39,778,007