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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 1,147,103 $ 1,525,415
Accounts receivable, net 26,992 65,401
Inventories 1,779,923 1,757,012
Prepaid expenses and vendor deposits 298,520 269,833
Investment 12,857 24,000
TOTAL CURRENT ASSETS 3,265,395 3,641,661
Restricted cash 2,000,000 2,000,000
Property and equipment, net of accumulated depreciation 287,837 332,290
Intangible assets, net of accumulated amortization 1,795,418 1,923,447
Goodwill 956,000 956,000
Note receivable 333,396 343,387
Right of use asset - operating lease, net 4,396,343 4,663,019
Other assets 142,668 146,865
TOTAL ASSETS 13,177,057 14,006,669
CURRENT LIABILITIES    
Accounts payable and accrued expenses 929,799 825,860
Contract liabilities 21,386 26,823
Current portion of line of credit 2,000,000 2,000,000
Current portion of loan payment 651,187 282,344
Operating lease liability, current 536,152 555,959
TOTAL CURRENT LIABILITIES 4,138,524 3,690,986
Loan payable, net of current portion 1,237,060 869,223
Operating lease liability, net of current 3,335,437 3,544,729
TOTAL LIABILITIES 8,711,021 8,104,938
COMMITMENTS AND CONTINGENCIES (SEE NOTE 8)
STOCKHOLDERS' EQUITY    
Series B convertible preferred stock, $1,000 par value per share, 30,000 shares authorized; 20,150 shares issued and outstanding as of June 30, 2020 and December 31, 2019; aggregate liquidation preference of $20.2 million 20,150,116 20,150,116
Common Stock, $0.0001 par value per share, 750,000,000,000 shares authorized; approximately 87.6 and 67.7 billion shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 8,755,829 6,769,849
Additional paid-in capital 5,706,544 7,618,245
Accumulated deficit (30,146,453) (28,636,479)
TOTAL STOCKHOLDERS' EQUITY 4,466,036 5,901,731
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 13,177,057 $ 14,006,669