v3.19.1
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 455,434 $ 2,272,256
Accounts receivable, net 8,633,406 10,540,150
Inventories, net 9,393,622 6,823,930
Prepaid expenses and other current assets 848,614 666,330
Total current assets 19,331,076 20,302,666
Property and equipment, net 2,440,694 1,759,086
Deposits and other 49,966 49,966
Deferred tax assets, net 3,670,903 2,505,632
Goodwill 7,914,211 7,914,211
Intangible assets, net 3,175,838 3,525,257
Total Assets 36,582,688 36,056,818
Current liabilities    
Accounts payable 5,146,669 3,708,865
Accrued expenses and other liabilities 4,681,021 3,930,718
Borrowings on bank lines of credit (Note 8) 553,965 422,960
Current portion of notes payable (Note 8) 219,319 1,156,915
Total current liabilities 10,600,974 9,219,458
Notes payable, net of current portion (Note 8) 214,315 265,038
Total liabilities 10,815,289 9,484,496
Commitments and contingencies (Note 11)
Stockholders’ equity    
Common stock, $.0001 par value; 50,000,000 shares authorized; 14,270,426 and 14,216,328 shares issued and outstanding, respectively 1,427 1,422
Additional paid-in capital 27,605,783 27,424,113
Noncontrolling interest 500 500
Accumulated other comprehensive (loss) income (40,727) 1,142
Accumulated deficit (1,799,584) (854,855)
Total stockholders’ equity 25,767,399 26,572,322
Total liabilities and stockholders' equity $ 36,582,688 $ 36,056,818

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