v3.19.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,214,303 $ 2,052,731
Accounts receivable, net 1,889,706 1,877,351
Inventory 1,106,077 923,707
Prepaid expenses and other current assets 996,968 611,695
Income tax receivable 31,563  
Total current assets 5,238,617 5,465,484
Property and equipment, net 974,850 998,863
Right of use assets - operating leases, net 810,017 0
Intangible assets, net 11,873,337 12,687,731
Goodwill 9,736,510 9,736,510
Total assets 28,633,331 28,888,588
Current liabilities:    
Accounts payable 6,932,584 5,519,159
Accrued expenses and other current liabilities 1,849,003 1,135,551
Deferred revenues 175,956 175,956
Current portion of operating lease liabilities 292,800 0
Income tax payable 0 129,511
Line of credit, net of debt issuance costs of $19,466 and $31,145, respectively 452,087 531,804
Current portion of notes payable - related parties 1,039,330 932,701
Due to related party 22,896 140,682
Total current liabilities 12,034,900 8,878,936
Contingent consideration 520,000 520,000
Operating lease liabilities, net of current portion 534,817 0
Convertible notes payable - related parties, net of debt discount of $439,819 and $466,667 related to the conversion feature, respectively 2,099,455 961,494
Notes payable, net of current portion 46,101 56,688
Notes payable - related parties, net of current portion 2,342,249 2,531,490
Deferred tax liability 341 341
Total liabilities 17,577,863 12,948,949
Commitments and contingencies (Note 8)
Stockholders' equity    
Common stock, $0.001 par value, 250,000,000 shares authorized; 6,033,835 and 5,654,830 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 6,034 5,655
Additional paid-in-capital 21,448,280 20,548,164
Accumulated deficit (11,318,564) (5,565,756)
Total stockholders' equity attributable to Edison Nation, Inc. 10,135,750 14,988,063
Noncontrolling interests 919,718 951,576
Total stockholders' equity 11,055,468 15,939,639
Total liabilities and stockholders' equity 28,633,331 28,888,588
Long-term Debt [Member]    
Current liabilities:    
Current portion of long-term debt $ 1,270,243 $ 313,572

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