XML 28 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash $ 1,911,199us-gaap_CashAndCashEquivalentsAtCarryingValue $ 471,194us-gaap_CashAndCashEquivalentsAtCarryingValue
Due from merchant credit card processor, net of reserve for chargebacks of $41,355 and $2,500, respectively 348,192us-gaap_CreditAndDebitCardReceivablesAtCarryingValue 111,968us-gaap_CreditAndDebitCardReceivablesAtCarryingValue
Accounts receivable, net of allowance of $228,856 and $369,731, respectively 203,793us-gaap_AccountsReceivableNetCurrent 239,652us-gaap_AccountsReceivableNetCurrent
Inventories 2,536,149us-gaap_InventoryNet 2,048,883us-gaap_InventoryNet
Prepaid expenses and vendor deposits 527,207us-gaap_PrepaidExpenseAndOtherAssetsCurrent 664,103us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Loans receivable, net    467,095us-gaap_NotesAndLoansReceivableNetCurrent
Deferred financing costs, net 87,292us-gaap_DeferredFinanceCostsCurrentNet 122,209us-gaap_DeferredFinanceCostsCurrentNet
TOTAL CURRENT ASSETS 5,613,832us-gaap_AssetsCurrent 4,125,104us-gaap_AssetsCurrent
Property and equipment, net of accumulated depreciation of $158,238 and $84,314, respectively 633,705us-gaap_PropertyPlantAndEquipmentNet 712,019us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net of accumulated amortization of $22,177 and $0, respectively 2,058,423us-gaap_IntangibleAssetsNetExcludingGoodwill   
Goodwill 15,654,484us-gaap_Goodwill   
Other assets 92,131us-gaap_OtherAssetsNoncurrent 91,360us-gaap_OtherAssetsNoncurrent
TOTAL ASSETS 24,052,575us-gaap_Assets 4,928,483us-gaap_Assets
CURRENT LIABILITIES:    
Accounts payable 2,303,051us-gaap_AccountsPayableCurrent 1,920,135us-gaap_AccountsPayableCurrent
Accrued expenses 1,419,241us-gaap_AccruedLiabilitiesCurrent 975,112us-gaap_AccruedLiabilitiesCurrent
Senior convertible notes payable - related parties, net of debt discount of $781,250 and $1,093,750, respectively 468,750us-gaap_DueToRelatedPartiesCurrent 156,250us-gaap_DueToRelatedPartiesCurrent
Convertible notes, net of debt discount of $49,421 and $0 , respectively 517,579us-gaap_ConvertibleNotesPayableCurrent   
Notes payable - related party 1,000,000us-gaap_NotesPayableRelatedPartiesClassifiedCurrent   
Current portion of capital lease 52,015us-gaap_CapitalLeaseObligationsCurrent 52,015us-gaap_CapitalLeaseObligationsCurrent
Term loan 523,727us-gaap_LoansPayableCurrent 750,000us-gaap_LoansPayableCurrent
Customer deposits 50,744us-gaap_CustomerDepositsCurrent 140,626us-gaap_CustomerDepositsCurrent
Income taxes payable 3,092us-gaap_TaxesPayableCurrent 3,092us-gaap_TaxesPayableCurrent
Derivative liabilities 87,603us-gaap_DerivativeLiabilitiesCurrent   
TOTAL CURRENT LIABILITIES 6,425,802us-gaap_LiabilitiesCurrent 3,997,230us-gaap_LiabilitiesCurrent
Capital Lease, net of current portion 107,195us-gaap_CapitalLeaseObligationsNoncurrent 119,443us-gaap_CapitalLeaseObligationsNoncurrent
TOTAL LIABILITIES 6,532,997us-gaap_Liabilities 4,116,673us-gaap_Liabilities
STOCKHOLDERS' EQUITY:    
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued      
Common stock, $.001 par value, 50,000,000 shares authorized, 33,785,758 and 16,761,911 shares issued and outstanding, respectively 33,636us-gaap_CommonStockValueOutstanding 16,762us-gaap_CommonStockValueOutstanding
Additional paid-in capital 36,699,041us-gaap_AdditionalPaidInCapitalCommonStock 16,026,951us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (19,213,099)us-gaap_RetainedEarningsAccumulatedDeficit (15,231,903)us-gaap_RetainedEarningsAccumulatedDeficit
TOTAL STOCKHOLDERS' EQUITY 17,519,578us-gaap_StockholdersEquity 811,810us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 24,052,575us-gaap_LiabilitiesAndStockholdersEquity $ 4,928,483us-gaap_LiabilitiesAndStockholdersEquity