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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and Cash Equivalents $ 1,460,000 $ 1,294,000
Accounts Receivable, Net of Allowance for Doubtful Accounts of $1,226,000 and $859,000 9,748,000 7,858,000
Inventory 32,840,000 28,646,000
Prepaid Expenses and Other Current Assets 394,000 447,000
Prepaid Taxes 6,000
Total Current Assets 44,448,000 38,245,000
Property and Equipment, Net 8,907,000 7,578,000
Operating Lease Right-Of-Use-Asset 3,625,000 3,623,000
Deferred Financing Costs, Net, Deposits and Other Assets 1,621,000 1,481,000
Goodwill 163,000 163,000
TOTAL ASSETS 58,764,000 51,090,000
Current Liabilities    
Notes Payable and Finance Lease Obligations 22,234,000 15,682,000
Related Party Notes Payable 6,862,000
Accounts Payable and Accrued Expenses 11,362,000 8,105,000
Operating Lease Liabilities 694,000 697,000
Deferred Gain on Sale 38,000 38,000
Deferred Revenue 835,000 1,011,000
Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary 200,000 200,000
Income Taxes Payable 27,000
Total Current Liabilities 35,363,000 32,622,000
Long Term Liabilities    
Notes Payable and Finance Lease Obligations 1,121,000 3,406,000
Related Party Notes Payable 6,018,000
Operating Lease Liabilities 4,100,000 4,235,000
Deferred Gain on Sale 190,000 219,000
Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary 191,000 402,000
Deferred payroll tax liability - CARES Act 429,000
TOTAL LIABILITIES 47,412,000 40,884,000
Commitments and Contingencies
Stockholders’ Equity    
Preferred Stock, par value $.001 - Authorized 3,000,000 shares, 0 shares outstanding, at both September 30, 2020 and December 31, 2019.
Common Stock - Par Value $.001 - Authorized 60,000,000 Shares, 30,620,990 and 29,478,338 Shares Issued and Outstanding as of September 30, 2020 and December 31, 2019, respectively 30,000 29,000
Additional Paid-In Capital 79,582,000 77,434,000
Accumulated Deficit (68,260,000) (67,257,000)
TOTAL STOCKHOLDERS’ EQUITY 11,352,000 10,206,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 58,764,000 $ 51,090,000