XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current asset:    
Cash and cash equivalents $ 901,459 $ 2,010,325
Accounts receivable - trade, net of allowances 3,634,726 3,089,932
Inventories, net of reserve 4,214,316 4,626,569
Prepaid expenses and other current assets 1,214,157 388,006
Total current assets 9,964,658 10,114,832
Property and equipment, net of accumulated depreciation 226,409 29,752
Intangible assets, net of accumulated amortization 6,352,273 6,126,558
Goodwill 4,737,547 4,181,991
Other assets 298 292
Total assets 21,267,187 20,453,425
Current liabilities:    
Accounts payable and accrued expenses 1,883,626 2,502,962
Accounts payable and accrued expenses - related parties 6,009,112 4,391,713
Warranty 580,236 491,956
Short-term debt 2,306,227 752,449
Short-term debt - related parties 377,333 54,000
Convertible notes payable - related party 50,000
Current portion of earn-out payable- related party 136,667
Deferred revenues - short-term 938,050 1,127,423
Derivative liabilities 326,452 1,857,252
Other short-term liabilities 5,128
Total current liabilities 12,562,831 11,227,755
Deferred revenues - long term 134,964 175,294
Earn out payable-related party 273,333
Long term debt- related party 328,000
Total liabilities 13,299,128 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; 10,176,433 and 9,558,997 Class A shares issued and outstanding, respectively 1,018 956
Additional paid-in capital 27,279,931 21,125,956
Subscriptions receivable (225) (325)
Accumulated deficit (19,206,271) (12,028,388)
Other comprehensive loss (106,419) (47,848)
Total stockholders' equity 7,968,059 9,050,376
Total liabilities and stockholders' equity $ 21,267,187 $ 20,453,425