XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and Cash Equivalents $ 6,268,061 $ 897,223
Accounts Receivable - Net 4,591,061 1,494,658
Inventories (Note 3) 2,759,299 2,315,214
Vendor Deposits (Note 4) 568,599 141,052
Prepaid Expenses 257,981 187,664
Total Current Assets 14,445,001 5,035,811
Property and Equipment - Net (Note 5) 1,200,510 1,367,864
Other Assets:    
Intangible Assets - Net (Note 6) 752,316 939,010
Operating Lease - Right of Use Asset (Note 7) 653,626 674,471
Capitalized Software Development Costs (Note 8) 73,327 94,278
Other Assets 302,429 114,033
Total Other Assets 1,781,698 1,821,792
Total Assets 17,427,209 8,225,467
Current Liabilities:    
Accounts Payable 3,012,832 713,222
Accrued Expenses and Other Current Liabilities (Note 14) 710,270 450,112
Accrued Officers Compensation 31,058 0
Accrued Interest (Note 10) 0 66,667
Customer Deposits 32,040 0
Current Portion of Long-Term Operating Lease 76,266 71,510
Convertible Notes Payable, Net of Discount of $0 at December 31, 2019 (Note 10) 0 5,000,000
Total Current Liabilities 3,862,466 6,301,511
Loan Payable (Note 16) 410,700 0
Long-Term Operating Lease, Net of Current Portion (Note 7) 995,068 1,034,413
Total Long-Term Liabilities 1,405,768 1,034,413
Total Liabilities 5,268,235 7,335,924
Commitments and Contingencies
Stockholders' Equity:    
Common Stock; Par Value $0.01 Per Share, 250,000,000 Shares Authorized;133,752,600 and 124,700,418 Shares Issued and Outstanding at June 30, 2020 and December 31, 2019, Respectively. 1,337,525 1,247,004
Additional Paid-in Capital 48,039,415 43,136,683
Accumulated Deficit (37,223,066) (43,499,244)
Total Shareholders' Equity 12,158,974 889,543
Total Liabilities and Shareholders' Equity 17,427,209 8,225,467
Cumulative Convertible Series A Preferred Stock    
Stockholders' Equity:    
Cumulative Convertible Preferred Stock 5,100 5,100
Cumulative Convertible Series B Preferred Stock    
Stockholders' Equity:    
Cumulative Convertible Preferred Stock $ 0 $ 0