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Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 7,552,134 $ 1,216,893
Restricted cash 800,000 150,000
Accounts receivable, net 5,000,813 4,070,576
Inventories, net 4,621,869 7,440,350
Prepaid expenses and other current assets 225,136 269,738
Total current assets 18,199,952 13,147,557
Other assets 628,000 349,335
Operating lease right-of-use assets, net 144,275 102,716
Equipment, net 307,798 303,099
Total assets 19,280,025 13,902,707
Current liabilities    
Accounts payable 7,088,235 5,024,529
Current maturities of long-term debt 257,531 0
Current maturities of operating lease liabilities 96,681 102,716
Accrued other expenses 3,864,933 2,666,471
Total current liabilities 11,307,380 7,793,716
Long-term debt less current maturities 325,769 0
Operating lease liabilities, less current maturities 47,728 0
Total liabilities 11,680,877 7,793,716
Commitments and contingencies (Note 4)
Stockholders' equity    
Common stock: authorized: 40,000,000 shares at $0.01 par value, issued and outstanding: 23,781,431 shares at June 30, 2020 and 20,929,928 shares at December 31, 2019 237,814 209,299
Additional paid-in capital 50,237,836 46,496,330
Accumulated deficit (42,876,502) (40,596,638)
Total stockholders' equity 7,599,148 6,108,991
Total liabilities and stockholders' equity $ 19,280,025 $ 13,902,707