Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet

v3.19.2
Condensed Consolidated Balance Sheet - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash $ 412,000 $ 634,000
Accounts receivable, net 1,255,000 1,000
Inventory, net 165,000
Prepaid expenses 320,000 83,000
Total current assets 2,152,000 718,000
Right-of-use assets 1,219,000
Deferred offering costs 162,000
Property and equipment, net 56,000 11,000
Intangible assets, net (provisional) 9,835,000
Goodwill (provisional) 12,347,000
Other assets 71,000 7,000
Total assets 25,680,000 898,000
Current liabilities:    
Accounts payable and accrued expenses 3,126,000 1,148,000
Accrued officers' salary 159,000 188,000
Accrued interest (including $48,000 and $41,000 payable to related parties) 55,000 46,000
Note payable, net of discount of $1,000 and $0, respectively 709,000
Notes payable - related party 112,000 112,000
Convertible notes payable, net of discount of $0 and $1,082,000, respectively 818,000
Operating lease liability, current 227,000
Deferred revenue 237,000
Derivative liability 219,000 2,576,000
Customer deposits 167,000
Total current liabilities 5,011,000 4,888,000
Long Term liabilities:    
Note payable - related party 1,065,000 1,065,000
Operating lease liability, non-current 1,003,000
Total liabilities 7,079,000 5,953,000
Commitments and contingencies
Stockholders' equity (deficit)    
Preferred stock, $0.0001 par value, 15,000,000 shares authorized, none issued or outstanding
Common stock, $0.0001 par value, 200,000,000 shares authorized, 22,655,185 and 12,055,491 shares issued and outstanding as of June 30, 2019 and December 31, 2018 2,000 1,000
Additional paid-in capital 64,617,000 35,611,000
Accumulated Deficit (46,018,000) (40,667,000)
Total stockholders' equity (deficit) 18,601,000 (5,055,000)
Total liabilities and stockholders' equity (deficit) $ 25,680,000 $ 898,000