General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Balance Sheet

v3.20.1
Condensed Consolidated Balance Sheet - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Current assets:      
Cash $ 1,615,000 $ 983,000 $ 634,000
Accounts receivable, net of allowance of $280,000 and $230,000 and $0, respectively 1,212,000 1,271,000 1,000
Inventory, net of allowance of $0 and $2,000, $2,000 respectively 74,000 103,000
Prepaid expenses 249,000 236,000 83,000
Total current assets 3,150,000 2,593,000 718,000
Right-of-use assets, net of accumulated amortization of $484,000 and $349,000, $349,000 respectively 3,140,000 3,275,000
Deferred offering costs   162,000
Property and equipment, net of accumulated depreciation of $202,000 and $164,000 and $97,000, respectively 803,000 720,000 11,000
Intangible assets, net of accumulated amortization of $1,300,000 and $975,000, $975,000, respectively 5,040,000 5,365,000
Goodwill 16,337,000 16,337,000
Other assets 115,000 69,000 7,000
Total assets 28,585,000 28,359,000 898,000
Current liabilities:      
Accounts payable and accrued expenses 4,569,000 4,338,000 1,148,000
Accrued officers' salary 207,000 207,000 188,000
Accrued interest - related parties 107,000 82,000 46,000
Advance on future receipts, net of discount of $137,000 and $274,000, $274,000 respectively 457,000 732,000
Notes payable - related party 937,000 112,000 112,000
Convertible notes payable, net of discount of $0 and $1,082,000, respectively   818,000
Operating lease liability, current 505,000 391,000
Deferred incentive compensation, current 521,000
Deferred revenue and customer deposits 261,000 306,000
Derivative liability 6,907,000 5,048,000 2,576,000
Total current liabilities 14,471,000 11,216,000 4,888,000
Long Term liabilities:      
Note payable - related party, non-current 240,000 1,065,000 1,065,000
Deferred incentive compensation to officers 521,000 1,042,000
Operating lease liability, non-current 3,432,000 3,591,000
Total liabilities 18,664,000 16,914,000 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; 3,246, 4,396 and 0 issued and outstanding as of March 31, 2020, December 31, 2019 and 2018
Common stock, $0.0001 par value, 200,000,000 shares authorized, 24,496,197 and 12,055,491 shares issued and outstanding as of March 31, 2020, December 31, 2019 and 2018 3,000 2,000 1,000
Additional paid-in capital 68,449,000 68,028,000 35,611,000
Accumulated deficit (58,531,000) (56,585,000) (40,667,000)
Total stockholders' equity (deficit) 9,921,000 11,445,000 (5,055,000)
Total liabilities and stockholders' equity (deficit) $ 28,585,000 $ 28,359,000 $ 898,000