v3.19.1
Condensed Consolidated Balance Sheets, (Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 1,353,062 $ 1,470,574
Investment in securities, at fair value 185,293 362,585
Deposits on manufacturing equipment purchases 62,060 43,907
Accounts receivable, net 463,259 437,508
Net finance leases receivable, current portion 56,358 175,727
Net finance leases receivable-non-performing, current portion 80,733 0
Investment in accounts receivable, current portion, net of discount 117,000 117,000
Notes receivable, current portion 49,268 45,173
Convertible notes receivable, current portion 26,710 26,384
Prepaid expenses and other current assets 27,661 77,634
Employee advances and other receivable 5,549 4,004
Total current assets 2,426,953 2,760,496
Property and equipment    
Property and equipment 352,463 195,571
Accumulated depreciation and amortization (163,555) (152,602)
Property and equipment, net 188,908 42,969
Other assets    
Operating lease right-of-use assets 499,621 0
Investment in account receivable, net of discount and current portion 321,516 418,518
Net finance leases receivable, net of current portion 436,124 1,361,554
Net finance leases receivable-non-performing, net of current portion 310,894 0
Notes receivable, net of current portion 0 971,653
Convertible notes receivable, net of current portion 51,025 50,417
Contractual interest in legal recovery 300,000 800,002
Deposits 9,575 9,575
Long term investments 209,697 251,297
Goodwill 1,426,182 1,426,182
Total other assets 3,564,634 5,289,198
Total assets 6,180,495 8,092,663
Current liabilities    
Accounts payable 67,264 67,455
Accrued expenses 263,179 359,568
Related party payable 34,560 40,000
Deferred revenue 75,768 86,461
Finance lease liability, current portion 24,259 0
Operating lease liability, current portion 198,823 0
Long term debt, current portion 43,843 53,166
Total current liabilities 707,696 606,650
Long-term liabilities    
Accrued salary, retirement and incentive fee - related party 1,034,815 1,027,118
Finance lease liability, net of current portion 106,630 0
Operating lease liability, net of current portion 285,114 0
Long term debt, net of current portion 19,792 25,055
Total long-term liabilities 1,446,351 1,052,173
Total liabilities 2,154,047 1,658,823
Commitments and Contingencies 0 0
Shareholders' equity    
Preferred Stock, Value, Issued [1] 0 0
Common Stock, Value, Issued 2,314 2,314
Additional paid in capital 13,071,626 13,071,626
Accumulated deficit (8,844,911) (6,438,316)
Non-controlling interest (202,581) (201,784)
Total shareholders' equity 4,026,448 6,433,840
Total liabilities and shareholders' equity $ 6,180,495 $ 8,092,663
[1] Par value is less than $0.01.

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