XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 1,056,233 $ 7,922,906
Restricted cash 0 845,250
Accounts receivable, net of allowance for doubtful accounts 1,631,432 986,253
Costs and estimated earnings in excess of billings 416,021 0
Inventory, net 4,435,594 1,646,238
Vendor deposits 294,484 992,042
Prepaid expense and other current assets 900,340 419,710
Total Current Assets 8,734,104 12,812,399
Property and equipment, net of accumulated depreciation 1,183,791 196,611
Goodwill 3,722,077 4,809,811
Other intangible assets, net of accumulated amortization 17,651,286 18,976,556
Right of use asset 2,276,384 1,730,615
Total Assets 33,567,642 38,525,992
Current Liabilities    
Accounts payable and accrued expenses 2,224,405 1,642,108
Contingent consideration 0 1,460,000
Billings in excess of costs and earnings on uncompleted contracts 134,342 0
Deferred revenue 1,940,272 788,776
Due to landlord (Note 2) 214,766 0
Warrant liability 21,742 68,263
Financing lease obligations 2,402 7,671
Operating lease liability 1,265,505 389,486
Note payable 277,103 0
Loan payable 97,500 97,500
Total Current Liabilities 6,178,037 4,453,804
Long-term Liabilities    
Due to landlord-less current portion (Note 2) 456,062 0
Loan payable- less current portion 60,000 60,000
Operating lease liability-less current portion 1,031,239 1,346,428
Total Long-Term Liabilities 1,547,301 1,406,428
Total Liabilities 7,725,338 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; 12,930,674 shares issued and 12,817,189 outstanding as of September 30, 2022, and 12,775,674 shares issued and outstanding as of December 31, 2021 1,294 1,278
Treasury stock at cost, 113,485 shares as of September 30, 2022, and 0 shares as of December 31, 2021, respectively (149,686) 0
Additional paid-in capital 44,529,586 42,877,622
Accumulated deficit (18,538,946) (10,213,196)
Total Stockholders' Equity 25,842,304 32,665,760
Total Liabilities and Stockholders' Equity 33,567,642 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