Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities - Schedule of Variable Interest Entities (Details)

v3.20.2
Variable Interest Entities - Schedule of Variable Interest Entities (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash and cash equivalents $ 1,762,337   $ 1,762,337   $ 412,719
Accounts receivable, net 3,086,195   3,086,195   2,108,099
Inventory 1,190,998   1,190,998   1,369,225
Prepaid expenses and other current assets 1,884,542   1,884,542   917,433
Total current assets 8,071,961   8,071,961   4,955,365
Property and equipment, net 932,027   932,027   931,968
Total assets 26,021,906   26,021,906   23,609,619
Accounts payable 3,047,197   3,047,197   7,397,650
Accrued expenses and other current liabilities 1,704,484   1,704,484   1,594,669
Deferred revenues 1,061,989   1,061,989   159,591
Line of credit, net of debt issuance costs of $0 and $15,573, respectively 2,151,108   2,151,108   456,995
Notes payable, current 970,710   970,710   1,365,675
Due to related party 26,784   26,784   17,253
Total current liabilities 11,317,275   11,317,275   12,973,319
Revenues, net 6,880,026 $ 5,968,255 10,547,136 $ 11,706,789  
Cost of revenues 4,889,784 3,924,252 7,308,196 7,869,810  
Gross profit 1,990,242 2,044,003 3,283,940 3,836,979  
Selling, general and administrative 2,770,930 3,392,596 6,963,643 6,441,784  
Operating income (780,688) (1,348,593) (3,724,703) (2,604,805)  
Interest expense (847,154) (401,170) (1,571,111) (525,864)  
Total other (expense) income (821,451) (375,467) 3,392,056 (474,457)  
Loss before income taxes (1,602,139) (1,724,060) (332,647) (3,079,262)  
Income tax expense 51,005 74,200  
Net loss (1,602,139) (1,775,065) (332,647) (3,153,462)  
Variable Income Interest Rate [Member]          
Cash and cash equivalents 802,033   802,033   6,234
Accounts receivable, net 955,246   955,246   21,697
Inventory 20,623   20,623   51,090
Prepaid expenses and other current assets 1,412,728   1,412,728   379,561
Total current assets 3,190,630   3,190,630   458,582
Property and equipment, net 24,001   24,001   32,661
Total assets 3,214,631   3,214,631   491,243
Accounts payable 194,738   194,738   337,648
Accrued expenses and other current liabilities 15,806   15,806  
Deferred revenues 907,500   907,500    
Line of credit, net of debt issuance costs of $0 and $15,573, respectively 1,690,945   1,690,945  
Notes payable, current 150,000   150,000  
Due to related party 315,666   315,666   $ 315,666
Total current liabilities 3,274,655   3,274,655    
Revenues, net 1,051,945 80,120 1,274,477 285,542  
Cost of revenues 789,000 49,590 994,923 124,659  
Gross profit 262,945 30,530 279,554 160,883  
Selling, general and administrative 136,648 100,961 203,562 192,699  
Operating income 126,297 (70,431) 75,992 (31,816)  
Interest expense (21,331) (56,956)  
Total other (expense) income (21,331) (56,956)  
Loss before income taxes 104,966 (70,431) 19,036 (31,816)  
Income tax expense  
Net loss $ 104,966 $ (70,431) $ 19,036 $ (31,816)