Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheet

v3.19.3
Condensed Consolidated Balance Sheet - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash $ 1,885,000 $ 634,000
Accounts receivable, net of allowance of $62,000 and $0, respectively 1,338,000 1,000
Inventory, net of allowance of $21,000 and $0, respectively 121,000
Prepaid expenses 188,000 83,000
Total current assets 3,532,000 718,000
Right-of-use assets 2,986,000
Deferred offering costs 162,000
Property and equipment, net 741,000 11,000
Intangible assets, net (provisional) 9,340,000
Goodwill (provisional) 12,347,000
Other assets 69,000 7,000
Total assets 29,015,000 898,000
Current liabilities:    
Accounts payable and accrued expenses 2,524,000 1,148,000
Accrued officers' salary 207,000 188,000
Accrued interest (including $48,000 and $41,000 payable to related parties) 52,000 46,000
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 311,000
Deferred revenue 191,000
Derivative liability 3,591,000 2,576,000
Customer deposits 67,000
Total current liabilities 7,055,000 4,888,000
Long Term liabilities:    
Note payable - related party, non-current 1,065,000 1,065,000
Operating lease liability, non-current 3,296,000
Total liabilities 11,416,000 5,953,000
Commitments and contingencies
Stockholders' equity (deficit)    
Preferred stock, $0.0001 par value, 15,000,000 shares authorized: Series A Convertible Preferred Stock, 6,000 shares authorized;, 5,300 and 0 issued and outstanding as of September 30, 2019 and December 31, 2018
Common stock, $0.0001 par value, 200,000,000 shares authorized, 23,409,949 and 12,055,491 shares issued and outstanding as of September 30, 2019 and December 31, 2018 2,000 1,000
Additional paid-in capital 66,730,000 35,611,000
Accumulated deficit (49,133,000) (40,667,000)
Total stockholders' equity (deficit) 17,599,000 (5,055,000)
Total liabilities and stockholders' equity (deficit) $ 29,015,000 $ 898,000