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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 851,751 $ 844,314
Accounts receivable, net of allowance of $832,605 and $667,963, respectively 3,220,296 5,225,999
Inventories, net of allowance of $1,741,315 and $1,711,871, respectively 10,999,763 11,075,889
Prepaid expenses and other current assets 32,218 29,553
Total current assets 15,104,028 17,175,755
Property and equipment, net 37,605 42,974
Deferred tax asset 886,021 760,993
Intangible assets, net 1,267,685 1,288,040
Goodwill 2,905,089 2,905,089
Total assets 20,200,428 22,172,851
Current liabilities:    
Accounts payable 1,518,415 2,712,919
Accrued expenses 2,353,520 2,784,271
Notes payable - related parties 150,000 150,000
Senior secured revolving credit facility 1,396,871 1,477,448
Total current liabilities 5,418,806 7,124,638
Earn-out liability 13,581,529 13,581,529
Total liabilities 19,000,335 20,706,167
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value; 20,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.01 par value; 100,000,000 shares authorized, 74,600,181 shares issued and 71,489,066 shares outstanding as of March 31, 2019, and 74,600,181 shares issued and 71,489,066 shares outstanding as of December 31, 2018. 714,891 714,891
Additional paid-in capital 244,407  
Retained earnings 240,795 751,793
Total stockholders' equity 1,200,093 1,466,684
Total liabilities and stockholders' equity $ 20,200,428 $ 22,172,851