XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current asset:    
Cash and cash equivalents $ 448,345 $ 2,010,325
Accounts receivable - trade, net of allowances 3,083,668 3,089,932
Inventories, net of reserve 3,738,723 4,626,569
Prepaid expenses and other current assets 1,227,995 388,006
Total current assets 8,498,731 10,114,832
Property and equipment, net of accumulated depreciation 25,095 29,752
Intangible assets, net of accumulated amortization 5,943,368 6,126,558
Goodwill 4,181,991 4,181,991
Other assets 316 292
Total assets 18,649,501 20,453,425
Current liabilities:    
Accounts payable and accrued expenses 2,415,090 2,994,918
Accounts payable and accrued expenses - related parties 4,739,569 4,391,713
Short-term debt 819,960 752,449
Short-term debt - related party 54,000 54,000
Convertible notes payable - related party 50,000 50,000
Deferred revenues - short-term 483,243 1,127,423
Derivative liabilities 846,319 1,857,252
Total current liabilities 9,408,181 11,227,755
Deferred revenues - long-term 175,915 175,294
Total liabilities 9,584,096 11,403,049
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized; 250,000 shares issued and outstanding 25 25
Common stock, $0.0001 par value, 200,000,000 shares authorized; 9,648,197 and 9,558,997 Class A shares issued and outstanding, respectively 965 956
Additional paid-in capital 22,041,151 21,125,956
Subscriptions receivable (325) (325)
Accumulated deficit (12,933,426) (12,028,388)
Other comprehensive loss (42,985) (47,848)
Total stockholders' equity 9,065,405 9,050,376
Total liabilities and stockholders' equity $ 18,649,501 $ 20,453,425