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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,953 $ 1,368,395
Accounts receivable, net 1,436,339 1,746,326
Costs and estimated earnings in excess of billings on uncompleted contracts 8,689 260,325
Prepaid expenses and other current assets 164,885 986,687
Total current assets 1,611,866 4,361,733
Property, plant and equipment, net 12,671 71,337
Goodwill 4,162,173 4,162,173
Intangible assets, net 2,335,086 2,443,929
Total Assets 8,121,796 11,039,172
Current liabilities:    
Accounts payable and accrued expenses 1,807,456 2,624,218
Billings in excess of costs and estimated earnings on uncompleted contracts 241,091 1,334,887
Total current liabilities 2,048,547 3,959,105
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $1.00 par value, 5,405,010 shares authorized; none issued or outstanding
Common stock, $0.01 par value, 25,000,000 shares authorized as of September 30, 2019 and 300,000,000 shares authorized as of December 31, 2018; 6,007,791 issued and outstanding as of September 30, 2019 and 4,260,041 issued and outstanding as of December 31, 2018 60,079 42,601
Additional paid-in capital 19,464,360 17,700,743
Accumulated deficit (13,451,190) (10,663,277)
Total stockholders’ equity 6,073,249 7,080,067
Total Liabilities and Stockholders’ Equity $ 8,121,796 $ 11,039,172