Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 4,069,477 $ 469,570
Accounts receivable 1,013,423 628,700
Lease receivable current 45,300 98,400
Inventory 4,236,506 2,464,835
Prepaid expenses and deposits 946,134 255,163
Current assets, Total 10,310,840 3,916,668
Property, plant and equipment, net 5,596,013 6,002,631
Lease receivable long-term 212,004 320,494
Assets, Total 16,118,857 10,239,793
Current liabilities:    
Accounts payable 5,539,864 3,121,518
Accrued liabilities 1,126,675 802,240
Accounts payable, related parties 54,914 101,339
Customer deposits 54,405
Shareholder advances 229,772
Current portion of long-term debt 381,497 79,521
Current liabilities, Total 7,157,355 4,334,390
Principal amount of notes payable 5,750,000
Less unamortized discount and debt issuance costs 987,500
Notes payable less unamortized discount and debt issuance costs 4,762,500
Long-term debt 1,709,881 2,088,429
Stockholders' equity (deficit):    
Series A preferred stock, par value of $.001 per share 75,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2017 and December 31, 2016
Common stock, par value of $.001 per share 100,000,000 shares authorized, 41,529,181 shares issued and outstanding at December 31, 2017 and 50,000,000 shares authorized, 27,578,864 shares issued and outstanding at December 31, 2016 41,529 27,579
Additional paid-in capital 107,760,036 66,862,608
Accumulated deficit (105,312,444) (63,073,213)
Stockholders' equity (deficit), Total 2,489,121 3,816,974
Liabilities and Stockholders' Equity (Deficit), Total $ 16,118,857 $ 10,239,793