| Cash and cash equivalents |
980K |
| Trade, net of allowance for doubtful accounts of $642,801 (unaudited) and $656,989 |
12.16M |
| Other |
174K |
| Inventories – finished goods, net of allowance for obsolescence of $1,515,647 (unaudited) and $1,155,852 |
| Current deferred tax asset |
880K |
| Income tax receivable |
421K |
| Prepaid expenses and other current assets |
1.29M |
| Total current assets |
46.04M |
| Logistics and distribution systems |
| Machinery and equipment |
| Furniture and fixtures |
881K |
| Leasehold improvements |
918K |
| Vehicles |
| Total property and equipment |
4.2M |
| Less accumulated depreciation and amortization |
-2.47M |
| Net property and equipment |
1.73M |
| GOODWILL |
1.39M |
| INTANGIBLES, net |
548K |
| OTHER ASSETS |
161K |
| NON-CURRENT DEFERRED TAX ASSET |
274K |
| TOTAL ASSETS |
50.14M |
| Line of credit |
12.82M |
| Accounts payable |
8.1M |
| Income taxes payable |
| Accrued liabilities |
681K |
| Current portion of settlement accrual |
| Current portion of capital lease and note obligations |
682K |
| Current portion of deferred rent |
| Total current liabilities |
22.37M |
| Settlement accrual, less current portion |
| Capital lease and note obligations, less current portion |
3.73M |
| Total long-term liabilities |
4.54M |
| TOTAL LIABILITIES |
26.91M |
| Common stock - $0.01 par value, 50,000,000 shares authorized, 5,020,000 shares issued and outstanding |
| Additional paid-in capital |
16.39M |
| Retained earnings |
6.79M |
| Accumulated other comprehensive loss |
| Total shareholders’ equity |
23.23M |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |
50.14M |
