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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,027,057 $ 709,322
Accounts receivable, net of allowance of doubtful accounts of $283,242 and $312,983 as of March 31, 2024 and December 31, 2023, respectively 21,735 701,377
Inventories, net 9,952,647
Prepaid expenses and other current assets 28,832 35,768
Total current assets 1,077,624 11,399,114
Equipment, net 346,729 432,505
Operating lease right-of-use assets, net 9,061 22,512
Intangible assets, net 28,910 33,247
Other assets 40,445 472,587
Total assets 1,502,769 12,359,965
Current liabilities    
Accounts payable 398,786 11,143,693
Current maturities of operating lease liabilities 9,061 22,512
Accrued expenses 1,011,679 1,077,843
Total current liabilities 1,419,526 12,244,048
Total liabilities 1,419,526 12,244,048
Stockholders’ equity    
Preferred Stock, authorized: 10,000,000 shares at $0.001 par value; 2,000,000 shares issued and outstanding 1,358,573
Common Stock, authorized: 60,000,000 shares at $0.01 par value; issued and outstanding: 2,965,900 shares at March 31, 2024 and 2,789,020 shares at December 31, 2023 respectively 482,666 480,897
Additional paid-in capital 93,969,737 92,103,798
Accumulated deficit (95,727,733) (92,468,778)
Total stockholders’ equity 83,243 115,917
Total liabilities and stockholders’ equity $ 1,502,769 $ 12,359,965