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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 602,318 $ 1,525,415
Accounts receivable, net 85,527 65,401
Inventories 1,785,959 1,757,012
Prepaid expenses and vendor deposits 328,008 269,833
Investment 10,286 24,000
TOTAL CURRENT ASSETS 2,812,098 3,641,661
Restricted cash 4,386,081 2,000,000
Property and equipment, net of accumulated depreciation 258,774 332,290
Intangible assets, net of accumulated amortization 1,346,374 1,923,447
Goodwill 916,000 956,000
Note receivable 319,620 343,387
Right of use asset - operating lease, net 4,234,280 4,663,019
Other assets 89,595 146,865
TOTAL ASSETS 14,362,822 14,006,669
CURRENT LIABILITIES    
Accounts payable and accrued expenses 1,090,831 825,860
Contract liabilities 19,400 26,823
Current portion of line of credit 2,000,000 2,000,000
Current portion of loan payment 3,392,466 282,344
Operating lease liability, current 502,289 555,959
TOTAL CURRENT LIABILITIES 7,004,986 3,690,986
Loan payable, net of current portion 965,675 869,223
Operating lease liability, net of current 3,225,215 3,544,729
TOTAL LIABILITIES 11,195,876 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 September 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 105.1 and 67.7 billion shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 10,511,085 6,769,849
Additional paid-in capital 3,953,163 7,618,245
Accumulated deficit (31,447,418) (28,636,479)
TOTAL STOCKHOLDERS' EQUITY 3,166,946 5,901,731
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 14,362,822 $ 14,006,669