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Acquisition (Tables)
12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Summary of purchase price

A summary of the purchase price and the purchase price allocations at fair value is below.

 

Purchase price      
       
Cash (1)   $ 400,000  
5,000,000 shares of common stock (2)     1,850,000  
Secured promissory note     2,600,000  
9,000,000 warrants (3)     3,310,819  
         
    $ 8,160,819  
         
Allocation of purchase price        
Inventory   $ 398,151  
Property and equipment     210,200  
Leased locations     7,000,000  
         
Goodwill     950,619  
Assumed liabilities     (398,151 )
Purchase price   $ 8,160,819  
Summary of Pro Forma Financial Information

The unaudited pro forma information below present statement of operations data as if the acquisition of the RWJ assets took place on January 1, 2016.

 

    Years Ended December 31,  
    2017     2016  
Sales   $ 47,072,430       67,960,512  
Cost of goods sold     44,750,993       64,603,185  
Gross profit     2,321,437       3,357,327  
Operating expenses     10,475,603       6,099,401  
Loss from operations     (8,154,166 )     (2,742,074 )
Net loss     (11,158,375 )     (2,996,206 )
Loss per share     (0.22 )     (0.12 )