v3.19.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash $ 1,023,913 $ 5,459,884
Accounts receivable, net 1,795,397 985,854
Factor receivables, net 1,391,840 1,542,835
Inventory 1,166,597 379,915
Prepaid assets 297,848 222,000
Total Current Assets 5,675,595 8,590,488
Property and equipment, net 398,839 224,196
Other assets 39,551 36,014
Total Assets 6,113,985 8,850,698
Current Liabilities    
Accounts payable 1,805,899 1,962,901
Accrued expenses 403,192 927,569
Deferred revenue 74,111 107,776
Factor loan payable 1,085,530 1,304,512
Warrant derivative 1,757,408 23,507,247
Total Current Liabilities 5,126,140 27,810,005
Total Liabilities 5,126,140 27,810,005
Shareholders' Equity (Deficit)    
Series C Preferred Stock, $.0001 par value, 4,268 and 0 shares authorized, issued, and outstanding at June 30, 2019 and December 31, 2018, respectively. No liquidation preference.
Common stock, $0.0001 par value, 100,000,000 shares authorized, 23,186,931 and 9,870,873 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 2,319 987
Additional paid-in capital 39,590,292 20,152,107
Accumulated deficit (38,604,766) (39,112,401)
Total Shareholders' Equity (Deficit) 987,845 (18,959,307)
Total Liabilities and Shareholders' Equity (Deficit) $ 6,113,985 $ 8,850,698

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