v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 2,272,256 $ 185,717
Accounts receivable, net 10,540,150 5,192,730
Inventories, net 6,823,930 3,696,330
Prepaid expenses and other current assets 666,330 978,428
Total current assets 20,302,666 10,053,205
Property and equipment, net 1,759,086 1,581,814
Deposits and other 49,966 31,215
Deferred tax assets, net 2,505,632 1,318,447
Goodwill 7,914,211 3,324,128
Intangible assets, net 3,525,257 608,405
Total Assets 36,056,818 16,917,214
Current liabilities    
Accounts payable 3,708,865 3,904,613
Accrued expenses and other liabilities 3,930,718 1,933,977
Borrowings on bank lines of credit 422,960 3,334,508
Current portion of related-party notes payable, net of debt discount of $13,905   136,303
Current portion of notes payable, net of debt discount of $9,932   640,079
Current portion of notes payable to foreign banks 1,156,915  
Total current liabilities 9,219,458 9,949,480
Related-party notes payable, net of current portion and debt discount of $579   12,696
Notes payable, net of current portion and debt discount of $414   335,267
Notes payable to foreign banks, net of current portion 265,038  
Total liabilities 9,484,496 10,297,443
Commitments and contingencies (Note 11)
Stockholders’ equity    
Common stock, $.0001 par value; 50,000,000 shares authorized; 14,216,328 and 5,514,917 shares issued and outstanding, respectively 1,422 551
Additional paid-in capital 27,424,113 3,484,428
Noncontrolling interest 500 436,842
Accumulated other comprehensive income 1,142  
Retained (deficit) earnings (854,855) 281,423
Total stockholders’ equity 26,572,322 6,619,771
Total liabilities and stockholders' equity $ 36,056,818 16,917,214
Series C Convertible Preferred Stock    
Stockholders’ equity    
Preferred stock   1,604,101
Series B Convertible Preferred Stock    
Stockholders’ equity    
Preferred stock   697,996
Series A Convertible Preferred Stock    
Stockholders’ equity    
Preferred stock   $ 114,430

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