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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income/(loss) $ 9,971,260 $ (11,206,648)
Adjustments to reconcile net income/(loss) to net cash provided/used in operating activities:    
Depreciation 66,939 72,162
Amortization 826,474
Loss on Debt Extinguishment 377,048
Stock-based compensation expense for services 279,600
Stock-based compensation expense 4,831,750 4,293,797
Bad debt allowance 109,393
Inventory excess and obsolescence allowance 331,985
Gain on China transaction (12,461,037)
Changes in operating assets and liabilities:    
Accounts receivable-net (1,432,980) (6,604,738)
Inventory (2,239,254) (6,177,196)
Prepaid expenses and other current assets (805,571) (1,118,930)
Accounts payable and accrued expenses 2,624,892 8,533,388
Accrued preferred dividends (96,916)
Change in Right to Use and Lease Obligation-net 105,943
Deposits/deferred revenue and other current liabilities (895,806) 2,013
Net cash used in operating activities 1,033,988 (11,646,420)
Cash flows from investing activities:    
Purchase of property and equipment (77,974) (110,417)
Cash consideration for acquisition-net of cash from acquisition (14,188,056)
Net cash used in investing activities (14,266,030) (110,417)
Cash flows from financing activities:    
Principal Payments-Finance Leases (26,486)
Proceeds from notes payable-related-party, net 1,500,000 5,000,000
Net proceeds from sale of common stock 26,955,437
Proceeds from exercise of stock options 224,083 301,013
Net cash provided by financing activities 28,653,034 5,301,013
Effect on exchange rate changes on cash and cash equivalents (73,491) (12,381)
Net increase/(decrease) in cash and cash equivalents 15,347,501 (6,443,443)
Cash and cash equivalents at beginning of the year 7,743,181 14,186,624
Cash and cash equivalents at end of the year 23,090,682 7,743,181
Cash paid during period for:    
Interest 131,528 174,409
Preferred Dividends 40,000
Non-cash investing and financing activities:    
Accrued preferred dividends
Debt conversion and related accrued expenses into common stock 10,233,332
Non-Cash Items Related to China Settlement:    
Accounts Receivable 3,314,146
Inventory 258,688
Pre-paid expense and other current assets 175,185
Accounts payable and accrued expenses (3,748,019)
European acquisition detail of assets acquired & liabilities assumed:    
Accounts Receivable 1,300,468
Inventory 2,161,067
Other assets 1,240,375
Intangible assets 17,173,000
Goodwill 10,024,000
Accounts payable and accrued expenses 10,233,332
Lease liability obligations (817,041)
Bonds Payable (8,356,958)
Other liabilities $ (532,088)