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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 343,293 $ 10,642,877
Trade receivables 1,326,067 1,064,078
Inventories 12,393,235 11,017,459
Prepaid expenses and current assets 407,524 765,146
Total current assets 14,470,119 23,489,560
Property and equipment, net 4,773,528 1,758,130
Right-of-use assets 742,808
Intangible assets, net 14,674,790 285,676
Goodwill 28,182 28,182
Other assets, net 1,176,436 796,260
Total Assets 35,865,863 26,357,808
Current liabilities:    
Accounts payable 2,937,426 1,984,690
Accrued liabilities 896,059 386,166
Deferred revenue 1,734 1,728
Current portion of notes payable 1,819,172
Current portion of lease liability 483,211  
Total current liabilities 6,137,602 2,372,584
Lease liability - less current portion 387,623  
Secured trade credit facility, net of debt issuance costs 2,961,566 2,934,106
Deferred consideration for Azuñia acquisition (Long Term) 15,451,500
Notes payable - less current portion and debt discount 3,594,254 2,300,000
Total liabilities 28,532,545 7,606,690
Commitments and contingencies (Note 13)
Stockholders' equity:    
Series A convertible preferred stock, $0.0001 par value; 3,000 shares authorized; 0 and 0 shares issued and outstanding at December 31, 2019 and 2018
Common stock, $0.0001 par value; 15,000,000 shares authorized; 9,675,028 and 8,764,085 shares issued and outstanding at December 31, 2019 and 2018, respectively 967 876
Additional paid-in capital 51,566,438 45,888,872
Accumulated deficit (44,234,087) (27,138,630)
Total Stockholders' Equity 7,333,318 18,751,118
Total Liabilities and Stockholders' Equity $ 35,865,863 $ 26,357,808