Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 3,930,844 $ 557,268
Accounts receivable, net 1,654,502 1,430,236
Inventory 227,630 240,061
Prepaid expenses and other current assets 1,159,731 41,461
Loan held for investment 500,000 0
Due from related party 1,250,959 834,897
Total current assets 8,723,666 3,103,923
Property and equipment, net 915,104 966,904
Total assets 9,638,770 4,070,827
Current liabilities:    
Accounts payable 1,283,748 1,135,039
Accrued expenses and other current liabilities 386,182 137,709
Current portion of notes payable - related parties 264,896 225,553
Total current liabilities 1,934,826 1,498,301
Notes payable - related parties, non-current 2,653,011 2,770,947
Deferred tax liability 34,209 34,209
Total liabilities 4,622,046 4,303,457
Commitments and contingencies (Note 9)
Stockholders' equity (deficit)    
Common stock, $0.001 par value, 250,000,000 shares authorized; 4,368,930 and 3,000,000 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 4,369 3,000
Additional paid-in capital 7,551,951 0
Accumulated deficit (2,539,596) (235,630)
Total stockholders' equity (deficit) 5,016,724 (232,630)
Total liabilities and stockholders' equity (deficit) $ 9,638,770 $ 4,070,827