Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Mar. 31, 2018
Current assets    
Cash and cash equivalents $ 11,032,451 $ 988,905
Accounts receivable 3,068,181 2,599,095
Inventory 2,058,012 1,002,020
Prepaid expenses 378,699 296,471
Total current assets 16,537,343 4,886,491
Fixed assets - net 1,945,265 1,169,635
Total assets 18,482,608 6,056,126
Current liabilities    
Accounts payable 2,898,958 2,052,988
Accrued expenses 1,095,458 819,011
Revolving financing 3,131,279 2,592,015
Note payable   131,583
Derivative liability   288
Total current liabilities 7,125,695 5,595,885
Stockholders' equity    
Preferred stock, $0.001 par value, 100,000,000 shares authorized, Series C issued and outstanding 1,500,000 and Series D issued and outstanding issued 3,800,000 at March 31, 2019 and 2018 5,300 5,300
Common stock, Class A - $0.001 par value, 200,000,000 shares authorized 39,573,512 and 25,991,346 shares issued and outstanding at March 31, 2019 and March 31, 2018, respectively 39,573 25,990
Additional paid in capital 50,006,919 30,506,265
Accumulated deficit (38,694,879) (30,077,314)
Total stockholders' equity 11,356,913 460,241
Total liabilities and stockholders' equity $ 18,482,608 $ 6,056,126