v3.19.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash $ 1,624,758 $ 2,282,365
Accounts receivable - trade 1,631,414 18,000
Inventory, net 826,647 307,925
Deferred offering costs 174,475
Prepaid expenses and deposits 212,841 89,613
Total current assets 4,470,135 2,697,903
PROPERTY AND EQUIPMENT, at cost: 280,981 176,955
Less - accumulated depreciation (159,052) (123,725)
Net property and equipment 121,929 53,230
OTHER ASSETS:    
Right of use leased assets 122,802
Goodwill 99,799 99,799
Intangible assets, net 486,667 705,667
Total other assets 709,268 805,466
TOTAL ASSETS 5,301,332 3,556,599
CURRENT LIABILITIES:    
Accounts payable - trade and accrued liabilities 486,717 485,024
Bank line of credit 2,000,000 2,000,000
Deferred revenue 22,500
Operating lease liability 86,070
Total current liabilities 2,595,287 2,485,024
LONG TERM LIABILITIES:    
Operating lease liability 37,606
TOTAL LIABILITIES 2,632,893 2,485,024
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, $.0001 par value; authorized 300,000,000 shares; 27,556,121 and 23,640,621 shares issued, 27,456,121 and 23, 640,621 outstanding, at September 30, 2019 and December 31, 2018, respectively 2,756 2,364
Treasury stock (50,000)
Additional paid-in capital 41,662,837 39,541,301
Retained deficit (38,947,154) (38,472,090)
Total stockholders' equity 2,668,439 1,071,575
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,301,332 $ 3,556,599

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