XML 11 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 309,656 $ 864,343
Accounts receivable, net 5,569,831 4,753,291
Accounts receivable - related party 459,207 189,760
Other investments 208,487 217,361
Inventory 2,750,559 3,202,767
Equity investment 2,790,000 2,500,000
Prepaid expenses and other current assets 1,332,618 1,662,579
Prepaid expenses and other current assets - related party 4,988,828 4,957,061
Operating lease right-of-use asset 579,935
Financing lease right-of-use asset 134,011
TOTAL CURRENT ASSETS 19,123,132 18,347,162
Property and equipment, net 1,676,313 1,425,632
Goodwill and intangible assets, net 289,893 296,767
Deferred tax assets 513 913
Other assets 615,928 624,479
TOTAL ASSETS 21,705,779 20,694,953
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 6,282,735 5,933,464
Accounts payable and accrued expenses - related party 128,672 139,556
Customer advances 1,118,066 1,067,200
Convertible notes payable, net of unamortized discount of $0 and $276,841, respectively 135,800
Notes payable 9,757,837 9,803,733
Notes payable - related party 1,743,708 1,793,437
Lines of credit 2,127,633 1,514,583
Loans payable - related party 1,706,212 1,775,251
Operating lease liability, current portion 178,180
Financing lease liability, current portion 33,723
Other current liabilities 69,786 111,212
TOTAL CURRENT LIABILITIES 23,146,552 22,274,236
Share settled debt obligation 1,554,590 1,554,590
Operating lease liability, net of current portion 377,870
Financing lease liability, net of current portion 5,819
Other liabilities 165,483 183,577
TOTAL LIABILITIES 25,250,314 24,012,403
Commitments and Contingencies (see Note 13)
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.001 par value; 100,000,000 shares authorized; 0 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively
Common stock, $0.001 par value; 300,000,000 shares authorized; 13,305,015 and 13,878,757 shares issued and 13,087,478 and 13,685,067 outstanding as of March 31, 2019 and December 31, 2018, respectively 13,305 13,879
Additional paid-in capital 13,134,556 13,133,982
Treasury Stock, 217,537 and 193,690 shares as of March 31, 2019 and December 31, 2018, respectively (297,035) (225,494)
Accumulated deficit (16,489,818) (16,272,645)
Accumulated other comprehensive income 94,457 32,828
TOTAL STOCKHOLDERS' (DEFICIT) (3,544,535) (3,317,450)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 21,705,779 $ 20,694,953