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Consolidated Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current asset:    
Cash and cash equivalents $ 806,245 $ 901,459
Accounts receivable - trade, net of allowances 8,415,106 3,634,726
Inventories, net of reserve 3,418,460 4,214,316
Prepaid expenses and other current assets 1,581,636 1,214,157
Total current assets 14,221,447 9,964,658
Property and equipment, net of accumulated depreciation 209,520 226,409
Intangible assets, net of accumulated amortization 5,776,915 6,352,273
Goodwill 4,723,549 4,723,549
Other assets 302 298
Total assets 24,931,733 21,267,187
Current liabilities:    
Accounts payable and accrued expenses 4,683,050 1,883,626
Accounts payable and accrued expenses - related parties 5,110,061 6,009,112
Warranty reserve 779,583 580,236
Short-term debt 6,883,522 2,306,227
Short-term debt - related party 357,668 377,333
Current portion of earn-out payable - related party 288,652 136,667
Deferred revenues - short-term 311,184 938,050
Derivative liabilities 896,095 326,452
Other short-term liabilities 77,896 5,128
Total current liabilities 19,387,711 12,562,831
Deferred revenues - long-term 97,481 134,964
Earn-out payable - related party 98,778 273,333
Long-term debt - related party 162,895 328,000
Long-term debt 1,416,688
Total liabilities 21,163,553 13,299,128
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value, 50,000,000 shares authorized; 167,972 and 250,000 shares issued and outstanding 17 25
Common stock, $0.0001 par value, 200,000,000 shares authorized; 10,849,966 and 10,176,433 Class A shares issued and outstanding, respectively 1,085 1,018
Additional paid-in capital 29,250,838 27,279,931
Subscriptions receivable (200) (225)
Accumulated deficit (25,350,392) (19,206,271)
Other comprehensive loss (133,168) (106,419)
Total stockholders' equity 3,768,180 7,968,059
Total liabilities and stockholders' equity $ 24,931,733 $ 21,267,187