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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 7,137,582 $ 7,922,906
Restricted cash 483,000 845,250
Accounts receivable, net of allowance for doubtful accounts 1,554,512 986,253
Costs and estimated earnings in excess of billings 190,050
Inventory, net of reserve 3,447,189 1,646,238
Vendor deposits 372,972 992,042
Prepaid expense and other current assets 602,983 419,710
Total Current Assets 13,788,288 12,812,399
Property and equipment, net of accumulated depreciation 1,286,960 196,611
Goodwill 3,722,077 4,809,811
Other intangible assets, net of accumulated amortization 18,535,244 18,976,556
Right of use asset 1,632,997 1,730,615
Total Assets 38,965,566 38,525,992
Current Liabilities    
Accounts payable and accrued expenses 2,110,775 1,642,108
Contingent Consideration 1,460,000
Billings in excess of costs and earnings on uncompleted contracts 1,267,173
Deferred revenue 964,556 788,776
Due to landlord (Note 2) 189,862
Warrant liability 24,435 68,263
Financing lease obligations 5,933 7,671
Operating lease liability 398,267 389,486
Note Payable 97,500 97,500
Total Current Liabilities 5,058,501 4,453,804
Long-term Liabilities    
Due to landlord -less current portion (Note 2) 570,080
Note payable- less current portion 60,000 60,000
Operating lease liability-less current portion 1,243,348 1,346,428
Total Long-Term Liabilities 1,873,428 1,406,428
Total Liabilities 6,931,929 5,860,232
Stockholders’ Equity    
Preferred stock, Series A Cumulative Perpetual, $0.0001 par value, 990,000 shares authorized, 552,000 shares issued and outstanding as of September 30, 2021, and no shares issued and outstanding as of December 31, 2020, $25 per share liquidation value 55 55
Common stock $.0001 par value, 150,000,000 shares authorized;12,888,174 shares issued and outstanding as of March 31, 2022, and 12,775,674 shares issued and outstanding as of December 31, 2021 1,289 1,278
Additional paid-in capital 44,257,610 42,877,622
Accumulated deficit (12,225,318) (10,213,196)
Total Stockholders’ Equity 32,033,637 32,665,760
Total Liabilities and Stockholders’ Equity 38,965,566 38,525,992
Series X Preferred Stock [Member]    
Stockholders’ Equity    
Preferred stock, Series A Cumulative Perpetual, $0.0001 par value, 990,000 shares authorized, 552,000 shares issued and outstanding as of September 30, 2021, and no shares issued and outstanding as of December 31, 2020, $25 per share liquidation value $ 1 $ 1