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Consolidated Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current asset:    
Cash and cash equivalents $ 945,389 $ 901,459
Accounts receivable - trade, net of allowances 7,391,438 3,634,726
Inventories, net of reserve 3,249,590 4,214,316
Prepaid expenses and other current assets 1,475,186 1,214,157
Total current assets 13,061,603 9,964,658
Property and equipment, net of accumulated depreciation 209,641 226,409
Intangible assets, net of accumulated amortization 5,994,817 6,352,273
Goodwill 4,723,549 4,723,549
Other assets 302 298
Total assets 23,989,912 21,267,187
Current liabilities:    
Accounts payable and accrued expenses 4,714,287 1,883,626
Accounts payable and accrued expenses - related parties 5,393,354 6,009,112
Warranty reserve 652,541 580,236
Short-term debt 4,077,626 2,306,227
Short-term debt- related party 435,668 377,333
Current portion of earn-out payable - related party 196,654 136,667
Deferred revenues - short-term 333,732 938,050
Derivative liabilities 2,268,272 326,452
Other short-term liabilities 37,189 5,128
Total current liabilities 18,109,323 12,562,831
Deferred revenues - long-term 115,406 134,964
Earn-out payable - related party 213,346 273,333
Long-term debt - related party 217,562 328,000
Long term debt 1,846,365
Total liabilities 20,502,002 13,299,128
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized; 250,000 shares issued and outstanding 25 25
Common stock, $0.0001 par value, 200,000,000 shares authorized; 10,591,706 and 10,176,433 Class A shares issued and outstanding, respectively 1,059 1,018
Additional paid-in capital 28,664,527 27,279,931
Subscriptions receivable (200) (225)
Accumulated deficit (25,055,896) (19,206,271)
Other comprehensive loss (121,605) (106,419)
Total stockholders' equity 3,487,910 7,968,059
Total liabilities and stockholders' equity $ 23,989,912 $ 21,267,187