CONSOLIDATED BALANCE SHEETS - USD ($)
|
Dec. 31, 2018 |
Dec. 31, 2017 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 2,272,256
|
$ 185,717
|
| Accounts receivable, net |
10,540,150
|
5,192,730
|
| Inventories, net |
6,823,930
|
3,696,330
|
| Prepaid expenses and other current assets |
666,330
|
978,428
|
| Total current assets |
20,302,666
|
10,053,205
|
| Property and equipment, net |
1,759,086
|
1,581,814
|
| Deposits and other |
49,966
|
31,215
|
| Deferred tax assets, net |
2,505,632
|
1,318,447
|
| Goodwill |
7,914,211
|
3,324,128
|
| Intangible assets, net |
3,525,257
|
608,405
|
| Total Assets |
36,056,818
|
16,917,214
|
| Current liabilities |
|
|
| Accounts payable |
3,708,865
|
3,904,613
|
| Accrued expenses and other liabilities |
3,930,718
|
1,933,977
|
| Borrowings on bank lines of credit |
422,960
|
3,334,508
|
| Current portion of related-party notes payable, net of debt discount of $13,905 |
|
136,303
|
| Current portion of notes payable, net of debt discount of $9,932 |
|
640,079
|
| Current portion of notes payable to foreign banks |
1,156,915
|
|
| Total current liabilities |
9,219,458
|
9,949,480
|
| Related-party notes payable, net of current portion and debt discount of $579 |
|
12,696
|
| Notes payable, net of current portion and debt discount of $414 |
|
335,267
|
| Notes payable to foreign banks, net of current portion |
265,038
|
|
| Total liabilities |
9,484,496
|
10,297,443
|
| Commitments and contingencies (Note 11) |
|
|
| Stockholders’ equity |
|
|
| Common stock, $.0001 par value; 50,000,000 shares authorized; 14,216,328 and 5,514,917 shares issued and outstanding, respectively |
1,422
|
551
|
| Additional paid-in capital |
27,424,113
|
3,484,428
|
| Noncontrolling interest |
500
|
436,842
|
| Accumulated other comprehensive income |
1,142
|
|
| Retained (deficit) earnings |
(854,855)
|
281,423
|
| Total stockholders’ equity |
26,572,322
|
6,619,771
|
| Total liabilities and stockholders' equity |
$ 36,056,818
|
16,917,214
|
| Series C Convertible Preferred Stock |
|
|
| Stockholders’ equity |
|
|
| Preferred stock |
|
1,604,101
|
| Series B Convertible Preferred Stock |
|
|
| Stockholders’ equity |
|
|
| Preferred stock |
|
697,996
|
| Series A Convertible Preferred Stock |
|
|
| Stockholders’ equity |
|
|
| Preferred stock |
|
$ 114,430
|