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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 680,549 $ 3,532,199
Accounts receivable-trade, less allowance for doubtful accounts of $200,668 – 2023 and $152,736 – 2022 1,584,662 2,044,056
Other receivables, net of $5,000 allowance – 2023 and $0 - 2022 (including $-0- due from related parties – 2023 and $138,384– 2022, refer to Note 19) 3,107,634 4,076,522
Inventories, net 3,845,281 6,839,406
Prepaid expenses 6,366,368 8,466,413
Total current assets 15,584,494 24,958,596
Property, plant, and equipment, net 7,283,702 7,898,686
Goodwill and other intangible assets, net 16,510,422 17,872,970
Operating lease right of use assets, net 1,053,159 782,129
Other assets 6,597,032 5,155,681
Total assets 47,028,809 56,668,062
Current liabilities:    
Accounts payable 10,732,089 9,477,355
Accrued expenses 3,269,330 1,090,967
Current portion of operating lease obligations 279,538 294,617
Contract liabilities – current 2,937,168 2,154,874
Notes payable – related party – current portion 2,700,000
Debt obligations – current 1,260,513 485,373
Warrant derivative liabilities 1,369,738
Income taxes payable 61 8,097
Total current liabilities 22,548,437 13,511,283
Long-term liabilities:    
Debt obligations – long term 4,853,237 442,467
Operating lease obligation – long term 827,836 555,707
Contract liabilities – long term 7,340,459 5,818,082
Lease deposit 10,445
Total liabilities 35,580,414 20,327,539
Commitments and contingencies
Equity:    
Common stock, $0.001 par value; 200,000,000 shares authorized; shares issued: 2,800,754 – 2023 and 2,720,170 – 2022 2,801 2,721
Additional paid in capital 128,441,083 127,869,342
Noncontrolling interest in consolidated subsidiary 673,292 448,694
Accumulated deficit (117,668,781) (91,980,234)
Total equity 11,448,395 36,340,523
Total liabilities and equity $ 47,028,809 $ 56,668,062