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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 3,314,845 $ 3,833,195
Accounts receivable, net 17,484,240 19,759,254
Accounts receivable - related party 1,285,743 1,099,098
Marketable securities 22,808 20,075
Inventory 4,885,015 4,789,054
Loans receivable 491,897 411,858
Loans receivable - related party 445,800 442,480
Prepaid expenses and other current assets 1,914,881 1,811,911
Prepaid expenses and other current assets - related party 6,393,642 4,440,855
TOTAL CURRENT ASSETS 36,238,871 36,607,780
Property and equipment, net 10,575,928 10,455,499
Goodwill and intangible assets, net 7,746,761 7,684,183
Loans receivable - long term portion 3,225,879 3,509,200
Loans receivable - related party - long term 3,234,604 3,539,840
Operating lease right-of-use asset 710,711 1,131,552
Financing lease right-of-use asset 22,343 28,790
Advances for building's acquisition 2,000,020 2,000,020
Other assets 764,865 1,057,947
TOTAL ASSETS 64,519,982 66,014,811
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 11,605,255 11,911,978
Accounts payable and accrued expenses - related party 1,027,327 231,564
Accrued interest 185,561 166,348
Lines of credit 5,989,425 6,630,273
Notes payable 1,622,349 1,570,886
Notes payable - related party 11,368 11,283
Loans payable - related party 21,158 13,257
Operating lease liability, current portion 241,422 285,563
Financing lease liability, current portion 18,888 27,222
Other current liabilities 4,488,465 3,474,096
TOTAL CURRENT LIABILITIES 25,211,218 24,322,470
Share settled debt obligation 0 0
Notes payable - long term portion 2,645,623 3,035,341
Operating lease liability, net of current portion 468,157 844,866
Financing lease liability, net of current portion 5,845 5,261
Other liabilities 1,212,540 1,763,845
TOTAL LIABILITIES 29,543,383 29,971,783
Commitments and Contingencies (see Note 14) 0 0
STOCKHOLDERS' EQUITY:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 23,346,023 and 15,982,472 shares issued and 23,259,526 and 15,895,975 outstanding as of September 30, 2024 and December 31, 2023, respectively 23,346 15,983
Additional paid-in capital 140,797,456 129,008,301
Subscription receivable (20) (20)
Treasury stock, at cost, 86,497 shares as of September 30, 2024 and December 31, 2023 (917,159) (917,159)
Accumulated deficit (104,479,192) (91,644,233)
Accumulated other comprehensive loss (447,832) (419,844)
TOTAL STOCKHOLDERS' EQUITY 34,976,599 36,043,028
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 64,519,982 $ 66,014,811