v3.19.2
UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 4,944,853 $ 2,272,256
Accounts receivable, net 8,341,412 10,540,150
Inventories, net 8,859,281 6,823,930
Prepaid expenses and other current assets 778,629 666,330
Total current assets 22,924,175 20,302,666
Property and equipment, net 2,840,239 1,759,086
Deposits and other 42,088 49,966
Deferred tax assets, net 3,050,854 2,505,632
Goodwill 7,120,510 7,914,211
Intangible assets, net 1,711,687 3,525,257
Total Assets 37,689,553 36,056,818
Current liabilities    
Accounts payable 3,143,232 3,708,865
Accrued expenses and other liabilities 6,017,251 3,930,718
Borrowings on bank lines of credit (Note 8) 1,062,352 422,960
Current portion of notes payable, net of debt discount of $7,019 and $0, respectively (Note 8) 1,729,369 1,156,915
Current portion of related-party notes payable, net of debt discount of $23,061 and $0, respectively (Note 8) 534,084  
Total current liabilities 12,486,288 9,219,458
Notes payable, net of current portion and debt discount of $5,556 and $0, respectively (Note 8) 387,066 265,038
Related-party notes payable, net of current portion and debt discount of $18,256 and $0, respectively (Note 8) 487,595  
Total liabilities 13,360,949 9,484,496
Commitments and contingencies (Note 11)
Stockholders’ equity    
Common stock, $.0001 par value; 50,000,000 shares authorized; 14,497,647 and 14,216,328 shares issued and outstanding, respectively 1,450 1,422
Additional paid-in capital 27,717,796 27,424,113
Noncontrolling interest 500 500
Accumulated other comprehensive income 3,076 1,142
Accumulated deficit (3,394,218) (854,855)
Total stockholders’ equity 24,328,604 26,572,322
Total liabilities and stockholders' equity $ 37,689,553 $ 36,056,818

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