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CONSOLIDATED BALANCE SHEET - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and Cash Equivalents $ 2,004,938 $ 4,550,003
Accounts Receivable - net 2,145,622 1,835,949
Inventories (Note 3) 2,682,014 3,518,884
Deposits on Merchandise (Note 10) 109,441 0
Prepaid Expenses 301,797 270,419
Total Current Assets 7,243,812 10,175,255
Property & Equipment - net (Note 4) 1,588,591 712,822
Other Assets:    
Intangible Assets - net (Note 5) 1,235,816 1,548,532
Security Deposits 11,395 4,700
Total Other Assets 1,247,211 1,553,232
Total Assets 10,079,614 12,441,309
Current Liabilities:    
Accounts Payable 1,133,649 751,730
Accrued Expenses and Other Current Liabilities (Note 11) 415,199 267,136
Accrued Officers Compensation 70,000 0
Accrued Interest (Note 6) 66,667 80,000
Customer Deposits 1,486 3,062
Deferred Rent 13,215 781
Total Current Liabilities 1,700,216 1,102,709
Deferred Rent and Tenant Improvement Allowances 401,734 0
Convertible Notes Payable, net of discount of $17,534 and $55,625 at December 31, 2018 and 2017, respectively (Note 6) 4,982,466 5,944,375
Total Long-Term Liabilities 5,384,200 5,944,375
Total Liabilities 7,084,416 7,047,084
Commitments and Contingencies
Stockholders’ Equity:    
Cumulative Convertible Series A Preferred Stock; par value $0.01 per share, 1,000,000 shares authorized; 510,000 shares issued and outstanding at December 31, 2018 and December 31, 2017 5,100 5,100
Cumulative Convertible Series B Preferred Stock; $1,000 stated value; 7.5% Cumulative dividend; 4,000 shares authorized; none issued and outstanding at December 31, 2018 and December 31, 2017 0 0
Common stock; par value $0.01 per share, 200,000,000 shares authorized; 124,290,418 and 122,049,958 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively. 1,242,904 1,220,499
Additional Paid-in Capital 42,948,705 42,139,675
Accumulated Deficit (41,201,511) (37,971,049)
Total Stockholders' Equity 2,995,198 5,394,225
Total Liabilities and Stockholders' Equity $ 10,079,614 $ 12,441,309