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Condensed Consolidated Balance Sheet - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash $ 368,685 $ 812,452
Accounts receivable, net 1,741,018 2,168,659
Receivables - related party 1,595 1,595
Inventory, net 4,607,419 4,671,396
Notes receivable - VNC 251,042
Prepaid expenses 405,052 916,729
Other current assets 55,415 94,538
Total Current Assets 7,430,226 8,665,369
Property and equipment, net 2,452,145 1,458,106
Operating lease right-of-use assets 2,878,467 2,199,682
Finance lease right-of-use-assets 50,582
Intangible assets, net 46,551,588 51,277,482
Goodwill 56,386,795 56,386,796
Total Assets 115,749,802 119,987,435
Current Liabilities    
Accounts payable 4,599,561 2,245,704
Accrued interest 863,615 306,445
Accrued liabilities 2,349,665 1,383,008
Accrued liabilities - related party 392,547 461,254
Accrued payroll 1,838,393 1,050,703
Contract liabilities, current 219,549 149,923
Accrued warranty liability 191,447 195,138
Operating lease liabilities, current 586,048 467,979
Finance lease liabilities, current 28,580
Line of credit 2,000,000
Notes payable - related party 1,492,953 1,492,953
Current portion of long-term debt, net of unamortized discounts and debt issuance costs 11,886,502 5,389,492
Total Current Liabilities 24,448,860 15,142,599
Contract liabilities – long term 131,567 152,892
Operating lease liabilities – long term 2,385,625 1,744,569
Finance lease liabilities – long term 21,578  
Total Liabilities 26,987,631 17,040,060
COMMITMENTS AND CONTINGENCIES (Note 21)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 100,000,000 shares authorized, no shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively
Common stock, $0.0001 par value, 300,000,000 shares authorized, 128,846,064 and 128,326,243 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 12,885 12,833
Additional paid-in capital 130,957,464 130,553,180
Accumulated deficit (42,136,478) (27,545,255)
Accumulated other comprehensive loss (21,699) (23,383)
Treasury stock, at cost, 100,000 shares as of June 30, 2020 and December 31, 2019, respectively (50,000) (50,000)
Total Stockholders' Equity 88,762,172 102,947,375
Total Liabilities and Stockholders' Equity $ 115,749,802 $ 119,987,435