XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 40,515,927 $ 184,469
Accounts receivable, net 5,764,361 915,052
Inventories 604,413 537,104
Related party receivable 10,975 61,678
Prepayments and other assets 7,790,637 3,547,068
Total current assets 54,686,313 5,245,371
Non-current assets:    
Property and equipment, net 220,300 129,444
Operating lease right of use assets, net 721,614 88,889
Investments 1,710,358 1,710,358
Goodwill 8,893,047 902,067
Intangible assets, net 1,745,787 84,514
Total non-current assets 13,291,106 2,915,272
Total assets 67,977,419 8,160,643
Current liabilities:    
Accounts payable 2,778,183 653,998
Accrued expenses 4,265,839 1,798,494
Deposits 9,396,595 4,878,863
Contingent consideration 1,563,000
Notes payable 1,854,500
Revolving Facility 3,403,143
Term Loan, net 1,868,320
Operating lease liabilities 152,459 88,889
Total current liabilities 18,156,076 14,546,207
Non-current liabilities:    
Notes payable 1,020,600
Operating lease liabilities 570,345
Deferred tax liability 440,750  
Total non-current liabilities 1,011,095 1,020,600
Total liabilities 19,167,171 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; 11,530,844 issued and 10,759,820 outstanding as of September 30, 2021, and 4,718,714 shares issued and outstanding as of December 31, 2020 11,530 4,719
Additional paid in capital 77,936,332 14,553,438
Treasury shares, cost basis: 771,024 shares as of September 30, 2021 (6,901,811)
Accumulated deficit (22,235,803) (21,964,321)
Total shareholders’ equity (deficit) 48,810,248 (7,406,164)
Total liabilities and shareholders’ equity (deficit) $ 67,977,419 $ 8,160,643