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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash $ 241,361 $ 1,249,550
Accounts receivable, net 1,885,727 1,627,058
Inventories, net 2,164,403 1,187,941
Restricted cash 103,603
Short term investments 2,389,521
Prepaid expenses and other current assets 385,690 91,072
Total current assets 4,677,181 6,648,745
Property and equipment, net 180,748 218,036
Intangible assets 20,000 22,500
Other assets 46,145 52,470
Deferred financing costs 619,373 842,533
Total assets 5,543,447 7,784,284
Current Liabilities:    
Accounts payable 2,176,957 886,316
Accrued expenses 1,301,212 911,843
UBS Credit Line 1,280,275
Current portion of automobile loans 8,552 11,446
Current portion of equipment loan 45,094 39,979
Total current liabilities 3,531,815 3,129,859
Other liabilities 30,000 30,000
Deferred rent 1,807
Long term portion of automobile loans 13,260 17,580
Long term portion of equipment loan 14,962 36,495
Total liabilities 3,590,037 3,215,741
Commitments and contingencies, Note 8
Stockholders’ Equity    
Preferred stock, par value $0.0001; authorized 1,000,000 shares; no shares issued and outstanding
Common stock, par value $0.0001; authorized 35,000,000 shares; 8,639,914 and 7,715,306 shares issued and outstanding, as of June 30, 2017 and December 31, 2016, respectively 864 772
Additional paid-in capital 22,609,829 17,575,583
Accumulated deficit (20,657,283) (12,977,566)
Accumulated other comprehensive loss (30,246)
Total stockholders’ equity 1,953,410 4,568,543
Total liabilities and stockholders’ equity $ 5,543,447 $ 7,784,284