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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 50,444,738 $ 184,469
Accounts receivable, net 2,977,167 915,052
Inventories 627,276 537,104
Related party receivable 5,626 61,678
Prepayments and other assets 6,212,891 3,547,068
Total current assets 60,267,698 5,245,371
Non-current assets:    
Property and equipment, net 96,734 129,444
Operating lease right of use assets, net 22,222 88,889
Investments 1,710,358 1,710,358
Goodwill 902,067 902,067
Other assets 83,936 84,514
Total non-current assets 2,815,317 2,915,272
Total assets 63,083,015 8,160,643
Current liabilities:    
Accounts payable 2,265,840 653,998
Accrued expenses 1,971,405 1,798,494
Deposits 9,354,279 4,878,863
Notes payable 1,854,500
Revolving Facility 3,403,143
Term Loan, net 1,868,320
Operating lease liabilities 22,222 88,889
Total current liabilities 13,613,746 14,546,207
Non-current liabilities:    
Notes payable 1,020,600
Total non-current liabilities 1,020,600
Total liabilities 13,613,746 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; 11,222,914 issued and 10,820,019 outstanding as of June 30, 2021, and 4,718,714 shares issued and outstanding as of December 31, 2020 11,223 4,719
Additional paid in capital 75,227,775 14,553,438
Treasury shares, cost basis: 402,895 shares as of June 30, 2021 (3,474,270)
Accumulated deficit (22,295,459) (21,964,321)
Total shareholders’ equity (deficit) 49,469,269 (7,406,164)
Total liabilities and shareholders’ equity (deficit) $ 63,083,015 $ 8,160,643