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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 38,537 $ 864,343
Accounts receivable, net 7,348,945 4,753,291
Accounts receivable - related party 1,919,043 189,760
Marketable securities 238,940 2,712,890
Inventory 3,474,220 3,202,767
Other investments 4,381 4,471
Prepaid expenses and other current assets 1,549,055 1,662,579
Prepaid expenses and other current assets - related party 5,940,124 4,957,061
Operating lease right-of-use asset 498,180
Financing lease right-of-use asset 167,310
TOTAL CURRENT ASSETS 21,178,735 18,347,162
Property and equipment, net 1,734,781 1,425,632
Goodwill and intangible assets, net 263,681 296,767
Other assets 702,439 625,392
TOTAL ASSETS 23,879,636 20,694,953
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 8,561,681 5,933,464
Accounts payable and accrued expenses - related party 240,302 139,556
Customer advances 247,318 1,067,200
Convertible notes payable, net of unamortized discount of $29,509 and $229,713, respectively 1,470,491 135,800
Notes payable 12,029,724 9,803,733
Notes payable - related party 1,375,532 1,793,437
Lines of credit 2,750,992 1,514,583
Loans payable - related party 1,026,264 1,775,251
Taxes payable 175,939
Operating lease liability, current portion 139,556
Financing lease liability, current portion 58,185
Other current liabilities 165,271 111,212
TOTAL CURRENT LIABILITIES 28,241,255 22,274,236
Share settled debt obligation 1,554,590 1,554,590
Operating lease liability, net of current portion 353,024
Financing lease liability, net of current portion 82,523
Other liabilities 109,073 183,577
TOTAL LIABILITIES 30,340,465 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 December 31, 2019 and 2018, respectively
Common stock, $0.001 par value; 300,000,000 shares authorized; 13,225,387 and 13,878,757 shares issued and 12,860,059 and 13,685,067 outstanding as of December 31, 2019 and 2018, respectively 13,225 13,879
Additional paid-in capital 13,525,749 13,133,982
Treasury stock, 365,328 and 193,690 shares as of December 31, 2019 and 2018, respectively (411,854) (225,494)
Accumulated deficit (19,571,610) (16,272,645)
Accumulated other comprehensive income (loss) (16,339) 32,828
TOTAL STOCKHOLDERS' DEFICIT (6,460,829) (3,317,450)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 23,879,636 $ 20,694,953