v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 532,062 $ 412,719
Accounts receivable, net 2,043,739 2,108,099
Inventory 1,300,136 1,369,225
Prepaid expenses and other current assets 883,992 917,433
Income tax receivable 147,889 147,889
Total current assets 4,907,818 4,955,365
Property and equipment, net 922,861 931,968
Right of use assets, net 654,277 732,100
Intangible assets, net 11,322,789 11,598,063
Goodwill 5,392,123 5,392,123
Total assets 23,199,868 23,609,619
Current liabilities:    
Accounts payable 3,176,725 7,397,650
Accrued expenses and other current liabilities 1,978,295 1,594,669
Deferred revenues 154,489 159,591
Current portion of operating leases liabilities 282,689 272,215
Income tax payable 8,446 22,919
Line of credit, net of debt issuance costs of $0 and $15,573, respectively 585,430 456,995
Current portion of convertible notes payable, net of debt issuance costs of $855,555 244,445
Current portion of notes payable, net of debt issuance costs of $245,819 and $212,848, respectively 1,341,079 1,365,675
Current portion of notes payable - related parties 1,118,751 1,686,352
Due to related party 9,138 17,253
Total current liabilities 8,899,487 12,973,319
Operating leases liabilities -net of current portion 396,962 482,212
Convertible notes payable - related parties, net of current portion, net of debt discount of $341,667 and $366,666, respectively 1,086,494 1,061,495
Notes payable, net of current portion 38,842 42,492
Notes payable - related parties, net of current portion 1,548,762 1,595,669
Total liabilities 11,970,547 16,155,187
Commitments and Contingencies (Note 7)  
Stockholders' equity    
Preferred stock, $0.001 par value, 30,000,000 shares authorized; 0 and 0 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
Common stock, $0.001 par value, 250,000,000 shares authorized; 8,676,501 and 8,015,756 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 8,677 8,016
Additional paid-in-capital 28,790,704 26,259,575
Accumulated deficit (17,225,970) (18,495,461)
Total stockholders' equity attributable to Edison Nation, Inc. 11,573,411 7,772,130
Noncontrolling interests (344,090) (317,698)
Total stockholders' equity 11,229,321 7,454,432
Total liabilities and stockholders' equity $ 23,199,868 $ 23,609,619

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