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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 49,922,802 $ 184,469
Accounts receivable, net 753,225 915,052
Inventories 634,335 537,104
Related party receivable 4,263 61,678
Prepayments and other assets 3,853,950 3,547,068
Total current assets 55,168,575 5,245,371
Non-current assets:    
Property and equipment, net 107,260 129,444
Operating lease right of use assets, net 55,556 88,889
Investments 1,710,358 1,710,358
Goodwill 902,067 902,067
Other assets 84,347 84,514
Total non-current assets 2,859,588 2,915,272
Total assets 58,028,163 8,160,643
Current liabilities:    
Accounts payable 2,230,765 653,998
Accrued expenses 1,417,119 1,798,494
Deposits 4,729,451 4,878,863
Notes payable 1,020,600 1,854,500
Revolving Facility 3,403,143
Term Loan, net 1,868,320
Operating lease liabilities 55,556 88,889
Total current liabilities 9,453,491 14,546,207
Non-current liabilities:    
Notes payable 1,020,600
Total non-current liabilities 1,020,600
Total liabilities 9,453,491 15,566,807
Shareholders' equity (deficit):    
Preferred stock, $0.10 par value; 10,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $0.001 par value; 100,000,000 shares authorized; 11,218,137 issued and 10,868,137 outstanding as of March 31, 2021, and 4,718,714 shares issued and outstanding as of December 31, 2020 11,218 4,719
Additional paid in capital 75,091,357 14,553,438
Treasury shares, cost basis: 350,000 shares as of March 31, 2021 (2,975,000)
Accumulated deficit (23,552,903) (21,964,321)
Total shareholders' equity (deficit) 48,574,672 (7,406,164)
Total liabilities and shareholders' equity (deficit) $ 58,028,163 $ 8,160,643