Annual report pursuant to Section 13 and 15(d)

Discontinued Operations and Assets Held for Sale - Disposal Groups, Including Discontinued Operations (Details)

v3.19.1
Discontinued Operations and Assets Held for Sale - Disposal Groups, Including Discontinued Operations (Details) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Accounts receivable, net $ 270,768 $ 215,466
Inventories, net 131,342 251,363
Prepayments and other current assets 22,322 32,878
Current assets held for sale 1,096,323 499,707 [1]
Property and equipment, net 329,738 534,917
Intangible assets, net [2] 342,153 697,181
Noncurrent assets held for sale 0 1,232,098 [1]
Assets held for sale [1] 1,096,323 1,731,805
Accounts payable 356,113 236,651
Accrued expenses 521,642 632,970
Current liabilities held for sale $ 877,755 $ 869,621
[1] The assets of the discontinued operations classified as held for sale are classified as current on the December 31, 2018 balance sheet because it is probable that the sale will occur and proceeds will be collected within one year.
[2] Includes an impairment charge of $360,000, calculated as the net book value of assets held for sale prior to the impairment less the expected proceeds from the planned sale. The expected proceeds are based on the estimated fair value of the net assets held for sale less the estimated cost to sell the net assets held for sale.