Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash (Note 2) $ 6,452,597 $ 2,012,965
Restricted cash (Note 2) 778,579 778,579
Accounts receivable, net (Note 2) 2,586,868 1,507,824
Inventory (Note 3) 3,658,104 2,822,585
Prepaid expenses and other current assets 782,015 813,218
Total current assets 14,258,163 7,935,171
Inventory, net (Note 3) 3,631,346 5,667,101
Other assets 400,000 400,000
Property & equipment, net (Note 2) 2,133,753 2,083,433
Intangibles, net (Note 5) 3,818,500 3,836,200
Goodwill (Note 5) 2,788,300 2,788,300
Total assets 27,030,062 22,710,205
Current Liabilities:    
Accounts payable 638,139 678,271
Accrued expenses (Note 4) 1,509,148 1,931,920
Secured convertible promissory notes payable, net (Note 7) 0 609,926
Unsecured note payable (Note 7) 866,818 116,370
Total current liabilities 3,014,105 3,336,487
Non-current liabilities    
Unsecured note payable, net (Note 7) 0 850,000
Deferred rent 1,189,175 1,067,459
Deferred tax liability 1,074,800 1,074,800
Total liabilities 5,278,080 6,328,746
Stockholders' equity (Notes 8 and 9)    
Preferred stock, par value $0.0001; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, par value $0.0001; 190,000,000 shares authorized; 90,945,896 and 90,512,563 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 9,094 9,051
Additional paid-in capital 52,965,572 51,400,336
Accumulated deficit (31,222,684) (35,027,928)
Total stockholders' equity 21,751,982 16,381,459
Total liabilities and stockholders' equity $ 27,030,062 $ 22,710,205