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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 1,714,988 $ 2,517,642
Restricted cash 138,188 100,000
Accounts receivable, net 3,227,134 2,195,391
Prepaid expenses 1,332,483 1,348,602
Inventory, net 740,624 1,102,777
Total Current Assets 7,153,417 7,264,412
Fixes assets, net 276,839 257,386
Goodwill 7,793,240 7,793,240
Intangible assets, net 4,878,181 5,145,434
Total Assets 20,101,677 20,460,472
Current Liabilities:    
Accounts payable and accrued liabilities 3,715,043 4,558,919
Deferred revenue 8,733 36,000
Provision for income taxes payable 913,901 973,177
Current portion of long-term debt, net of debt discount and debt issuance cost, related party 4,890,792 5,890,903
Current portion of long-term debt 750,000
Total Current Liabilities 9,528,469 12,208,999
Long-term Liabilities:    
Royalty payable 295,254 313,752
Note payable, net of debt discount and debt issuance cost, related party 278,589 830,245
Total Long-term Liabilities 573,843 1,143,997
Total Liabilities 10,102,312 13,352,996
Commitments and contingencies
Stockholders' Equity:    
Common stock, $0.00001 par value; 300,000,000 shares authorized; 88,764,357 shares issued and outstanding 888 888
Common stock to be issued (125,000 shares) 56,250 56,250
Additional paid in capital 16,739,452 16,400,316
Accumulated other comprehensive income 10,121 16,022
Accumulated deficit (6,807,346) (9,366,000)
Total stockholders’ equity 9,999,365 7,107,476
Total Liabilities and Stockholders’ Equity $ 20,101,677 $ 20,460,472