XML 17 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash $ 333,880 $ 501,422
Accounts receivable, net 549,568 310,363
Inventories, net 487,690 836,571
Prepaid expenses and other current assets 145,978 174,877
TOTAL CURRENT ASSETS 1,517,116 1,823,233
Property and equipment, net 4,491,089 6,099,219
Goodwill 22,166 22,166
Intangible assets, net 21,533  
Other assets 375 6
TOTAL ASSETS 6,052,279 7,972,957
CURRENT LIABILITIES    
Accounts payable and accrued expenses 1,203,435 1,060,969
Line of credit 675,000
Floor plan payable 109,100 168,137
Advances, related party 174,333 179,704
Note payable – related party, including accrued interest of $7,549 as of December 31, 2018 124,549
Notes payable - current portion 293,641 14,247
Promissory note payable 1,025,000
Uncertain tax liability 8,000 126,000
Current portion of capital lease obligation 299,157 615,349
TOTAL CURRENT LIABILITIES 2,212,215 3,864,406
Non-current notes-payable 3,262,434 58,020
Promissory note payable 1,025,000
Vesting note payable 395,634
Non-current deferred tax liability 364,601 988,601
Accrued expenses – long term 451,857
Capital lease obligation, net of current portion 763,239 3,151,491
TOTAL LIABILITIES 8,079,346 8,458,151
SHAREHOLDERS’ DEFICIT    
Allocation shares, 1,000 shares issued and outstanding 1,000 1,000
Common Shares, 500,000,000 shares authorized, 3,115,625 shares issued and outstanding as of December 31, 2018 and 2017 3,115 3,115
Additional paid-in capital 11,891 11,891
Accumulated Deficit (2,155,084) (1,159,724)
TOTAL SHAREHOLDERS' DEFICIT (2,139,078) (1,143,718)
NONCONTROLLING INTERESTS 112,011 658,524
TOTAL SHAREHOLDERS' DEFICIT (2,027,067) (485,194)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 6,052,279 $ 7,972,957