BBHC (TRNX) 10-Q 20 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 16, 2019
Document And Entity Information
Entity Registrant Name	TARONIS TECHNOLOGIES, INC.
Entity Central Index Key	0001353487
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		26,761,382
Trading Symbol	TRNX
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current Assets
Cash	$ 356,512	$ 1,598,737
Accounts receivable, net of allowance for doubtful accounts of $568,997 and $418,997, respectively	2,639,227	1,394,681
Inventory	3,357,834	2,921,500
Prepaid and other current assets	313,344	331,822
Total Current Assets	6,666,917	6,246,740
Property and equipment, net of accumulated depreciation of $2,924,127 and $2,683,298, respectively	15,847,697	9,686,103
Deposit on acquisition		550,000
Intangible assets, net of accumulated amortization of $1,015,371 and $824,150, respectively	5,689,118	3,378,764
Restricted deposit	806,466	806,466
Security deposits	152,785	227,125
Right-of-use assets	3,824,919
Goodwill	11,123,231	6,690,724
Total Assets	44,111,132	27,585,922
Current Liabilities
Accounts payable	4,055,180	2,600,706
Accrued expenses	675,296	755,455
Financing leases liability, current	90,303	90,303
Right-of-use liability, current	641,587
Note payable	999,900	94,008
Total Current Liabilities	6,462,266	3,540,472
Long Term Liabilities
Note payable, net of current	1,661,996	601,582
Financing leases liability, net of current	180,718	203,294
Right-of-use liability, net of current	3,183,332
Total Liabilities	11,488,312	4,345,348
Commitments and Contingencies
Temporary Equity
Series E Preferred stock: 455,882 shares designated; 0 and 36,765 shares issued and outstanding.		50,000
Stockholders' Equity
Common stock: $0.001 par; 190,000,000 shares authorized; 24,164,227 shares issued and outstanding at March 31, 2019 and 7,732,815 shares issued and outstanding at December 31, 2018.	24,163	7,732
Additional paid-in-capital	118,380,766	102,802,553
Accumulated deficit	(85,782,109)	(79,619,711)
Total Stockholders' Equity	32,622,820	23,190,574
Total Liabilities, Temporary Equity and Stockholders' Equity	$ 44,111,132	$ 27,585,922

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 568,997	$ 418,997
Accumulated depreciation and amortization of property and equipment	2,924,127	2,683,298
Accumulated amortization of intangible assets	$ 1,015,371	$ 824,150
Series E Preferred stock, shares designated	455,882	455,882
Series E Preferred stock, shares issued	0	36,765
Series E Preferred stock, shares outstanding	0	36,765
Series E Preferred stock, liquidation preference	$ 0	$ 57,500
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	190,000,000	190,000,000
Common stock, shares issued	24,164,227	7,732,815
Common stock, shares outstanding	24,164,227	7,732,815

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue:
Revenue	$ 4,913,332	$ 1,171,753
Cost of Revenues	2,680,815	757,874
Gross Profit	2,232,517	413,879
Operating Expenses:
Selling, general and administration	7,939,058	3,153,994
Research and development	25,173	1,152
Depreciation and amortization	432,050	159,211
Total Operating Expenses	8,396,281	3,314,357
Operating Loss	(6,163,764)	(2,900,478)
Other Income and (Expense):
Interest	9,900	(73,005)
Accretion of debt discount		(45,958)
Other (expense) income	(8,534)
Total Other Income (Expense)	1,366	(118,963)
Net Loss	(6,162,398)	(3,019,441)
Deemed dividend	3,007,700	930,300
Net loss attributable to common shareholders	$ (9,170,098)	$ (3,949,741)
Net loss per share: Basic and Diluted	$ (0.60)	$ (12.44)
Weighted average common shares: Basic and Diluted	15,389,825	317,535

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Stockholders’ Equity - USD ($)	Series A Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated (Deficit) [Member]	Total
Balance at Dec. 31, 2017	$ 1,000	$ 89	$ 71,854,568	$ (64,582,868)	$ 7,272,789
Balance, shares at Dec. 31, 2017	1,000,000	89,143
Common shares issued for services		$ 32	349,194		349,226
Common shares issued for services, shares		31,583
Common stock warrant issued for services			63,474		63,474
Conversion of Series E preferred stock into common stock		$ 7	380,943		380,950
Conversion of Series E preferred stock into common stock, shares		6,788
Amortization of stock based compensation			105,075		105,075
Stock issuance costs			(753,543)		(753,543)
Deemed Dividend			(930,300)		(930,300)
Exercise of Series C preferred stock warrants			8,372,700		8,372,700
Conversion of Series C preferred stock into common stock		$ 484	1,044,816		1,045,300
Conversion of Series C preferred stock into common stock, shares		483,892
Common shares issued for the exercise of warrants issued for services		$ 4	746		750
Common shares issued for the exercise of warrants issued for services, shares		3,750
Common shares issued for acquisition of assets		$ 48	1,259,568		1,259,616
Common shares issued for acquisition of assets, shares		48,077
Net loss				(3,019,441)	(3,019,441)
Balance at Mar. 31, 2018	$ 1,000	$ 663	81,747,241	(67,602,309)	14,146,596
Balance, shares at Mar. 31, 2018	1,000,000	663,233
Balance at Dec. 31, 2018		$ 7,733	102,802,553	(79,619,711)	23,190,574
Balance, shares at Dec. 31, 2018		7,732,815
Common shares issued for services		$ 3,581	1,838,831		1,842,412
Common shares issued for services, shares		3,581,412
Common stock warrant issued for services			13,912		13,912
Conversion of Series E preferred stock into common stock		$ 500	6,300		6,800
Conversion of Series E preferred stock into common stock, shares		500,000
Amortization of stock based compensation			18,789		18,789
Common Stock issued for Cash from SPA		$ 1,550	4,338,450		4,340,000
Common Stock issued for Cash from SPA, shares		1,550,000
Stock issuance costs			(1,119,569)		(1,119,569)
Deemed Dividend			(3,007,700)		(3,007,700)
Common stock issued for cash from underwriting agreement		$ 10,800	13,489,200		13,500,000
Common stock issued for cash from underwriting agreement, shares		10,800,000
Net loss				(6,162,398)	(6,162,398)
Balance at Mar. 31, 2019		$ 24,164	$ 118,380,766	$ (85,782,109)	$ 32,622,820
Balance, shares at Mar. 31, 2019		24,164,227

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows from Operations
Net Loss	$ (6,162,398)	$ (3,019,441)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization	432,050	159,211
Accretion of debt discount		45,958
Stock based compensation	18,789	105,075
Common stock and warrants issued for services	1,856,325	412,700
Amortization of right-of-use assets	212,553
Changes in operating assets:
Accounts receivable	(202,675)	76,161
Inventory	135,365	(5,981)
Prepaid and other current assets	16,614	263,018
Accounts payable	444,652	(303,406)
Accrued expenses	(80,159)	(128,826)
Payments on lease liabilities	(248,443)
Deferred revenue and customer deposits		622
Net cash used in operating activities	(3,577,328)	(2,394,909)
Cash Flows from Investing Activities
Deposit on acquisition	(550,000)	(1,000,000)
Cash acquired in acquisition of businesses	69,325	15,000
Cash paid for acquisitions	(6,500,000)	(1,767,500)
Cash paid for noncompete agreements	(2,000,000)
Purchase of property and equipment	(3,503,942)	(588,469)
Purchase of intangibles	(1,574)
Security deposit	1,174,340	(69,719)
Proceeds from sale of assets		27,787
Net cash used in investing activities	(11,311,851)	(3,382,901)
Cash Flows from Financing Activities
Common shares issued for the exercise of warrants		750
Proceeds for common stock issued	17,840,000
Capital lease payments	(22,576)	(12,001)
Notes payable repaid		(256,124)
Net proceeds on related party notes and advances		22,588
Repayment of related party notes		(80,130)
Net proceeds on issuance of series C preferred stock units, net of costs	449,100	7,619,157
Stock issuance costs	(1,119,569)
Repurchase of series C & E preferred	(3,500,000)
Net cash provided by financing activities	13,646,955	7,294,240
Net (decrease) increase in cash	(1,242,225)	1,516,430
Cash and restricted cash, beginning of period	2,405,203	586,824
Cash and restricted cash, end of period	1,162,978	2,103,254
Supplemental disclosure of cash flow information cash paid during the period for:
Interest		56,625
Supplemental disclosures of non-cash investing and financing activities:
Conversion of Series C preferred stock into shares of common stock		1,045,300
Conversion of Series E preferred stock into shares of common stock		380,950
Conversion of Series F preferred stock into shares of common stock		556,016
Fair value of common stock issued in Green Arc Supply acquisition		1,259,616
Deemed dividend in connection with the issuance of Series C Preferred stock	(3,007,700)	(2,097,300)
NG Enterprises Inc [Member]
Supplemental disclosures of non-cash investing and financing activities:
Assets acquired		916,220
Liabilities assumed		(148,720)
Green Arc Supply, L.L.C. [Member]
Supplemental disclosures of non-cash investing and financing activities:
Assets acquired		2,667,589
Liabilities assumed		(154,009)
Trico Welding Supplies, Inc [Member]
Supplemental disclosures of non-cash investing and financing activities:
Assets acquired		3,612,075
Liabilities assumed		(1,612,075)
Paris Oxygen Company [Member]
Supplemental disclosures of non-cash investing and financing activities:
Assets acquired		1,340,202
Liabilities assumed		(90,202)
Latex Welding Supply, Inc [Member]
Supplemental disclosures of non-cash investing and financing activities:
Assets acquired		1,526,491
Liabilities assumed		(26,491)
United Welding Specialties of Longview, Inc [Member]
Supplemental disclosures of non-cash investing and financing activities:
Assets acquired		815,291
Liabilities assumed		(65,291)
Tyler Welders Supply [Member]
Supplemental disclosures of non-cash investing and financing activities:
Assets acquired	1,619,905
Liabilities assumed	(652,578)
Cylinder Solutions, Inc [Member]
Supplemental disclosures of non-cash investing and financing activities:
Assets acquired	375,915
Liabilities assumed	(40,911)
Complete Cutting & Welding Supplies, Inc [Member]
Supplemental disclosures of non-cash investing and financing activities:
Assets acquired	1,083,360
Liabilities assumed	$ (316,333)

Organization and Description of

Organization and Description of Business	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Organization and Description of Business	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Taronis Technologies, Inc. (the “Company”) was organized in the State of Delaware on December 9, 2005. On January 31, 2019, with the filing of a Certificate of Amendment to the Certificate of Incorporation with the Delaware Secretary of State to effect a name change to “Taronis Technologies, Inc.” The Company is a technology-based company that is focused on addressing the global constraints on natural resources, including fuel and water. The Company has two core technology applications – renewable fuel gasification and water decontamination/sterilization which are derived from the Company’s Plasma Arc Flow System technology. The Company has operating facilities in the following states: Florida, Louisiana, Texas and California. On January 30, 2019, the Company filed a Certificate of Amendment to the Certificate of Incorporation with the Delaware Secretary of State to effect a one-for-twenty reverse split of the issued and outstanding common stock. The consolidated financial statements and accompanying notes give effect to the reverse stock split as if they occurred at the first period presented. The reverse stock splits did not modify the rights or preferences of the common stock. Proportional adjustments have been made to the conversion and exercise prices of our outstanding common stock warrants, convertible notes, and common stock options. The number of common stock shares issuable under our equity compensation plan was not affected by the 2019 Reverse Stock Split. All share and per share amounts for the common stock have been retroactively restated to give effect to the reverse splits.

Going Concern and Managements'

Going Concern and Managements' Plan	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern and Managements' Plan	NOTE 2 - GOING CONCERN AND MANAGEMENTS’ PLAN As of March 31, 2019, the Company had cash of $356,512 and has reported a net loss of $6,162,398 and has used cash in operations of $3,577,328 for the three months ended March 31, 2019. In addition, as of March 31, 2019, the Company has a working capital of $204,651 and an accumulated deficit of $85,782,109. The Company utilizes cash in its operations of approximately $1,190,000 per month. These conditions indicate that there is substantial doubt about the Company’s ability to continue as a going concern within one year from the issuance date of the financial statements. The ability of the Company to continue as a going concern is dependent upon its ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering. Historically, the Company has financed its operations through equity and debt financing transactions and believes it will continue incurring operating losses for the foreseeable future. The Company’s plans and expectations for the next 12 months include raising additional capital to help fund expansion of its commercial operations, including product development. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern. If these sources do not provide the capital necessary to fund the Company’s operations during the next twelve months from the date of this report, the Company may need to curtail certain aspects of its operations or expansion activities, consider the sale of its assets, or consider other means of financing. The Company can give no assurance that it will be successful in implementing its business plan and obtaining financing on terms advantageous to the Company or that any such additional financing would be available to the Company. These consolidated financial statements do not include any adjustments from this uncertainty. The Company’s management has determined the above factors regarding its liquidity raise substantial doubt about the Company’s ability to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information and include the accounts of the Company and its wholly-owned subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. In the opinion of the Company’s management, the accompanying condensed consolidated financial statements reflect all adjustments, consisting of normal, recurring adjustments, considered necessary for a fair presentation of the results for the interim periods ended March 31, 2019 and 2018. As this is an interim period financial statement, certain adjustments are not necessary as with a financial period of a full year. Although management believes that the disclosures in these unaudited condensed consolidated financial statements are adequate to make the information presented not misleading, certain information and footnote disclosures normally included in financial statements that have been prepared in accordance U.S. GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s financial statements for the year ended December 31, 2018, which contains the audited financial statements and notes thereto, for the years ended December 31, 2018 and 2017 included within the Company’s Form 10-K filed with the SEC on April 12, 2019. The interim results for the three months ended March 31, 2019 are not necessarily indicative of the results to be expected for the year ended December 31, 2019 or for any future interim periods. Use of Estimates The Company prepares its financial statements in conformity with U.S. GAAP. These principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management believes that these estimates are reasonable; however, actual results could differ from those estimates. The consolidated financial statements presented include intangible assets, goodwill, fair value of assets and liabilities related to acquisitions, recoverability of deferred tax assets, collection of its receivables and the useful life of property, plant and equipment. Business Combinations The Company accounts for business combinations under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 “Business Combinations” using the acquisition method of accounting, and accordingly, the assets and liabilities of the acquired business are recorded at their fair values at the date of acquisition. The excess of the purchase price over the estimated fair value is recorded as goodwill. All acquisition costs are expensed as incurred. Upon acquisition, the accounts and results of operations are consolidated as of and subsequent to the acquisition date. Concentrations of Credit Risk Financial instruments that subject the Company to credit risk consist principally of trade accounts receivable and cash. The Company performs certain credit evaluation procedures and does not require collateral for financial instruments subject to credit risk. The Company believes that credit risk is limited because the Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk of its customers, establishes an allowance for uncollectible accounts and, consequently, believes that its accounts receivable credit risk exposure beyond such allowances is limited. The Company maintains cash deposits with financial institutions which are insured by the Federal Deposit Insurance Corporation (“FDIC”), which, from time to time, may exceed federally insured limits. Cash is also maintained at foreign financial institutions. Cash in foreign financial institutions as of March 31, 2019 was $806,466. The Company has not experienced any losses and believes it is not exposed to significant credit risk from cash. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents consist of cash, checking accounts, money market accounts and temporary investments with original maturities of three months or less when purchased. As of March 31, 2019, and 2018 the Company had no cash equivalents. Restricted cash consists of cash deposited with a financial institution for $806,466. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets that sum to the total of the same amounts show in the statement of cash flows. March 31, 2019 2018 Cash 356,512 2,103,254 Restricted deposits 806,466 - Total cash, cash equivalents and restricted cash in the balance sheet 1,162,978 2,103,254 Revenue Recognition Effective January 1, 2018, the Company adopted ASC Topic 606, Revenue from Contracts with Customers (“ASC Topic 606”). The new revenue recognition guidance requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance requires an entity to follow a five-step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. Revenues under Topic 606 are required to be recognized either at a “point in time” or “over time”, depending on the facts and circumstances of the arrangement, and will be evaluated using a five-step model. The adoption of Topic 606 did not have a material impact on the financial statements, either at initial implementation nor will it have a material impact on an ongoing basis. The Company principally generates revenue through three operating streams: (1) the sale of MagneGas fuel for metal cutting and through the sales of other industrial and specialty gases and related products through the Company’s wholly owned subsidiaries, (2) by providing consulting services and (3) through the sales of the Plasma Arc Flow Systems. The Company’s revenue recognition policy for the year ended December 31, 2018 is as follows: ● Revenue for metal-working fuel, industrial gases and welding supplies is recognized when performance obligations of the sale are satisfied. The majority of the Company’s terms of sale have a single performance obligation to transfer products. Accordingly, the Company recognizes revenue when control has been transferred to the customer, generally at the time of shipment of products. Under the previous revenue recognition accounting standard, the Company recognized revenue upon transfer of title and risk of loss, generally upon the delivery of goods. ● Consulting Services are earned through various arrangements. The Company applies the five-step process outlined in ASC 606 when recognizing revenue with regards to the consulting services: ○ The Company enters into a written consulting agreement with a customer to provide professional services and has an enforceable right to payment for its performance completed to date; ○ All of the promised services are identified to determine whether those services represent performance obligations; ○ In consideration for the services to be rendered, the Company expects to receive incremental payments during the term of the agreement; ○ Payments are estimated for each performance obligation and allocated in accordance with payment terms; and ○ The nature of the consulting services is such that the customer will receive benefits of the Company’s performance only when the customer receives the professional services. Consequently, the entity recognizes revenue over time by measuring the progress toward complete satisfaction of the performance obligation. ● Plasma Arc Flow Units Revenue generated from sales of each unit is recognized upon delivery and completion of the performance obligation. Significant deposits are required before production commences. These deposits are classified as customer deposits. Contract Balances The timing of revenue recognition may differ from the timing of payment by customers. The Company records a receivable when revenue is recognized prior to payment and there is an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records deferred revenue until the performance obligations are satisfied. The Company had deferred revenue of approximately $0 and $0 as of March 31, 2019 and 2018. The Company expects to satisfy its remaining performance obligations for these services and recognize the deferred revenue and related contract costs over the next twelve months. The following table represents external net sales disaggregated by product category for the quarter ended March 31, 2019 2018 Gas sold $ 2,912,877 $ 869,829 Equipment rentals 869,574 190,309 Equipment sales 1,053,122 111,616 Other 77,758 - Total Revenues from Customers 4,913,332 1,171,753 Preferred Stock The Company applies the accounting standards for distinguishing liabilities from equity under U.S. GAAP when determining the classification and measurement of its Preferred stock. Preferred shares subject to mandatory redemption are classified as liability instruments and are measured at fair value. Conditionally redeemable preferred shares (including preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, preferred shares are classified as permanent equity. Research and Development The Company expenses research and development costs when incurred. Research and development costs include engineering and laboratory testing of products and outputs. Research and development expense was $25,173 and $1,152 for the quarters ended March 31, 2019 and 2018, respectively. Stock-Based Compensation The Company accounts for stock-based compensation costs under the provisions of Accounting Standards Codification 718, “Compensation—Stock Compensation” (“ASC 718”), which requires the measurement and recognition of compensation expense related to the fair value of stock-based compensation awards that are ultimately expected to vest. Stock based compensation expense recognized includes the compensation cost for all stock-based payments granted to employees, officers, and directors based on the grant date fair value estimated in accordance with the provisions of ASC 718. ASC 718 is also applied to awards modified, repurchased, or canceled during the periods reported. The Company incurred stock-based compensation charges of $1,875,313 and $529,718 for the quarters ended March 31, 2019 and 2018, respectively and has included such amounts in selling, general and administrative expenses in the consolidated statement of operations. Basic and Diluted Net (Loss) per Common Share Basic (loss) per common share is computed by dividing the net (loss) by the weighted average number of shares of common stock outstanding for each period. Diluted (loss) per share is computed by dividing the net (loss) by the weighted average number of shares of common stock outstanding plus the dilutive effect of shares issuable through the common stock equivalents. As of March 31, 2019, and 2018 the Company’s common stock equivalents outstanding were as follows: March 31, 2019 2018 Options 11,553 10,304 Common Stock Warrants 12,819,028 11,111 Convertible preferred stock - 3,546 Total common stock equivalents outstanding 12,830,581 24,961 Reclassification Certain accounts in the prior year’s consolidated financial statements have been reclassified for comparative purposes to conform to the presentation in the current year’s consolidated financial statements. These reclassifications have no effect on previously reported earnings. Subsequent Events The Company evaluates events that have occurred after the balance sheet date, but prior to the date the financial statements are issued. Based upon the evaluation, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the consolidated financial statements, except as disclosed in Note 8. Recent Accounting Standards In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, Fair Value Measurement. ASU 2018-13 modifies the disclosure requirements for fair value measurements by removing, modifying, or adding certain disclosures. The amendments in ASU 2018-13 will be effective for fiscal years beginning after December 15, 2019. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU No. 2018-13 and delay adoption of the additional disclosures until their effective date. The Company is currently evaluating the potential impact of adopting this guidance on its consolidated financial statements.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Acquisitions	NOTE 4 – ACQUISITIONS January Stock Purchase: On January 16, 2019, the Company entered into a Securities Purchase Agreement (“SPA”) with Melvin Ruyle Family Living Trust (the “Seller”) and Tyler Welders Supply, Inc., a Texas corporation (“TWS”) for the purchase of all of the issued and outstanding capital stock of TWS by the Company (“Transaction”). Under the terms of the SPA, the Company purchased one hundred percent (100%) of TWS’s issued and outstanding capital stock for the gross purchase price of $2,500,000 (“TWS Stock”). Effective at closing, the Company will assume business operations at its new location in Texas. The preliminary allocation of the consideration transferred is as follows: Cash $ 2,500,000 Total purchase price $ 2,500,000 Accounts receivable $ 572,264 Cash 43,394 Inventory 571,699 Customer relationships 250,000 Cylinders and trucks 182,549 Accounts payable assumed (652,578 ) Total purchase price allocation $ 967,327 Goodwill $ 1,532,673 February Stock Purchase: On February 15, 2019, the Company entered into a Securities Purchase Agreement (“SPA”) with Melvin Ruyle, Jered Ruyle and Janson Ruyle (collectively, the “Seller”) and Cylinder Solutions, Inc., a Texas corporation (“CS”) for the purchase of all of the issued and outstanding capital stock of CS by the Company (“Transaction”). Under the terms of the SPA, the Company purchased one hundred percent (100%) of CS’s issued and outstanding capital stock for the gross purchase price of $1,500,000 (“CS Stock”). Effective at closing, the Company assumed business operations at its new location in East Texas. The preliminary allocation of the consideration transferred is as follows: Cash $ 1,500,000 Total purchase price $ 1,500,000 Accounts receivable $ 13,902 Cash 25,931 Cylinders and trucks 336,081 Accounts payable assumed (40,911 ) Total purchase price allocation $ 335,004 Goodwill $ 1,164,996 February Asset Purchase: On February 22, 2019, Taronis Technologies, Inc. (the “Company”) entered into an Asset Purchase Agreement (“Agreement”) with Complete Cutting and Welding Supplies, Inc., a California corporation (the “Seller”) for the purchase of substantially all of the Seller’s tangible and intangible business assets (“Transaction”). Under the terms of the Agreement, the Company purchased from the Seller substantially all of the Seller’s right, title an interest to the Seller’s business assets and certain other assumed liabilities. The total purchase price paid was $2,500,000 cash. The Agreement includes certain other terms and conditions which are typical in asset purchase agreements. The allocation of the consideration transferred is as follows: Cash $ 2,500,000 Total purchase price $ 2,500,000 Accounts receivable $ 455,705 Customer relationships 250,000 Cylinders and trucks 377,655 Accounts payable assumed (316,333 ) Total purchase price allocation $ 767,027 Goodwill $ 1,732,973 All goodwill recorded as part of the purchase price allocations is currently anticipated to be tax deductible. The following unaudited proforma financial information presents the consolidated results of operations of the Company with NG Enterprises Acquisition, LLC, MWS Green Arc Acquisition, LLC, Trico Welding Supplies, Inc., Paris Oxygen Company, Latex Welding Supply, Inc., United Welding Specialties of Longview, Inc., Tyler Welders Supply, Cylinder Solutions and Complete Cutting and Welding Supplies for the three months ended March 31, 2019 and 2018, as if the above discussed acquisitions had occurred on January 1, 2018 instead of January 19, 2018, February 16, 2018, April 3, 2018, October 17, 2018, October 22, 2018, October 26, 2018, January 16, 2019, February 15, 2019 and February 22, 2019, respectively. The proforma information does not necessarily reflect the results of operations that would have occurred had the entities been a single company during those periods. For the three months ended March 31, 2019 2018 Revenues 5,511,277 5,610,443 Gross Profit 2,602,899 2,133,753 Operating Loss (8,270,649 ) (3,625,901 ) Net Loss (8,299,952 ) (3,780,891 ) Weighted Average Common Stock Outstanding 15,389,825 317,535 Loss per Common Share – Basic and Diluted (0.54 ) (11.91 )

Notes Payable

Notes Payable	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Notes Payable	NOTE 5 – NOTES PAYABLE On February 22, 2019, the Company entered into a Cylinder Purchase Agreement with Guillermo Gallardo to purchase 10,000 gas cylinders. The Company made an initial purchase of 1,000 cylinders on October 18, 2018 for $300,000. The Company purchased an additional 2,334 cylinders upon execution of this agreement for $700,200. The Company agreed to purchase the remaining 6,666 cylinders for $1,999,800 over a period of two years. There is no interest associated with this agreement.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Stockholders' Equity	NOTE 6 - STOCKHOLDERS’ EQUITY Reverse Stock Splits On January 30, 2019, the Company filed an amendment to the Certificate of Incorporation to effect a one-for-twenty reverse split of the Company’s issued and outstanding common stock which was effectuated on January 30, 2019. The reverse stock splits did not modify the rights or preferences of the common stock. Proportional adjustments have been made to the conversion and exercise prices of the Company’s outstanding common stock warrants, convertible notes, common stock options. The number of shares of common stock issuable under the Company’s equity compensation plan was not impacted by the reverse split. The Company did not issue any fractional shares in connection with the reverse stock splits or change the par value per share. Fractional shares issuable entitle shareholders, to receive a cash payment in lieu of the fractional shares without interest. All share and per share amounts for the common stock have been retroactively restated to give effect to the reverse splits. Common Shares Issued for Cash January Securities Purchase Agreement On January 11, 2019, the Company entered into a Securities Purchase Agreement (“SPA”) with one or more investors identified on the signature pages thereto (“Investors”). Under the terms of the SPA, the Company issued an aggregate of 1,550,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) and warrants to purchase up to 1,550,000 shares of Common Stock (“Warrants”) (collectively, the “Transaction Securities”) as set forth on the Purchaser Signature Page attached to the SPA, for a total gross purchase price of $4,340,000 (exclusive of the exercise of the Warrants) (the “Offering”). We received aggregate net proceeds of approximately $4,029,600. The sale of the Common Stock at a price of $2.80 per share is was made pursuant to a prospectus supplement, which was filed with the Securities and Exchange Commission (the “SEC”) on or about January 11, 2019, and accompanying base prospectus relating to the Company’s shelf registration statement on Form S-3 (File No. 333-207928), which was declared effective by the SEC on June 15, 2016. February Underwriting Agreement On February 8, 2019, the Company entered into an Underwriting Agreement (the “Underwriting Agreement”) with Maxim Group LLC (the “Underwriter”) to issue and sell an aggregate of 10,800,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (“Common Stock”) and warrants to purchase an aggregate of up to 8,100,000 shares of Common Stock (the “Warrants”), in an underwritten public offering, for a total gross purchase price of $13,500,000. The combined price to the public in the offering for each Share and accompanying Warrant to purchase 0.75 shares of Common stock is $1.25. The Shares and the Warrants can only be purchased together but will be issued separately and will be immediately separable upon issuance. In addition, the Company granted the Underwriter an option to purchase, for a period of 30 days, up to an additional 1,120,000 Shares and/or 840,000 Warrants (the “Option”). Net proceeds from the Offering were approximately $12,731,250, after deducting underwriting discounts and estimated offering expenses and assuming no exercise of the Option. The offering was made pursuant to the Company’s registration statement on Form S-3 (Registration Statement No. 333-207928), previously filed with the Securities and Exchange Commission (the “Commission”) and declared effective by the Commission on June 15, 2016, and a prospectus supplement thereunder. During the three months ended March 31, 2019, the Company received total proceeds of $17,840,000 and issued 12,350,000 common shares. Common Shares Issued for Services During the three months ended March 31, 2019, the Company issued 520,000 shares of common stock to consultants. The total fair value of these issuances during the three months ended March 31, 2019 was $990,498 which was recognized as stock-based compensation during three months ended March 31, 2019.

Preferred Stock

Preferred Stock	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Preferred Stock	NOTE 7 – PREFERRED STOCK On March 8, 2019, the Company entered into a Purchase and Conversion Agreement (the “Agreement”) with an institutional investor for (a) the repurchase by the Company of 499 shares of its Series C Preferred Stock (the “Series C Preferred”) and 31,765 shares of its Series E Preferred Stock (the “Series E Preferred”) from the investor, in exchange for an aggregate cash payment of $3,500,000, and (b) the conversion by the investor of 5,000 shares of Series E Preferred into 500,000 shares of common stock of the Company, par value $0.001 per share (collectively, the “Transaction”). Effective at closing, the classes of Series C Preferred and the Series E Preferred were cancelled and the Company no longer has any preferred shares of any class issued and outstanding.

Common Stock Warrants

Common Stock Warrants	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Common Stock Warrants	NOTE 8 – COMMON STOCK WARRANTS On January 11, 2019, in conjunction with that certain Securities Purchase Agreement (“SPA”) entered into on the same date, the Company granted certain institutional investors warrants to purchase up to 1,550,000 shares of Common Stock at an exercise price of $4.64 per warrant share. On February 8, 2019, in conjunction with that certain Underwriting Agreement entered into on the same date, the Company granted certain investors warrants to purchase an aggregate of up to 8,100,000 shares of Common Stock in an underwritten public offering. The exercise price of the warrants is $1.25 per warrant share.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	NOTE 9 – SUBSEQUENT EVENTS Securities Purchase Agreement On May 3, 2019, the Company entered into a Securities Purchase Agreement (“ SPA Investors Common Stock Debentures Transaction Securities Offering The sale of the Common Stock at a price of $0.46 per share is being made pursuant to a prospectus supplement, which was filed with the Securities and Exchange Commission (the “SEC”) on or about May 3, 2019, and accompanying base prospectus relating to the Company’s shelf registration statement on Form S-3 (File No. 333-230854), which was declared effective by the SEC on April 24, 2019. Additionally, the sale of the Debentures was made pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended. For the period of April 1, 2019 through May 20, 2019, the Company issued 1,387,237 shares of common stock for services rendered with a fair value of $691,000.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 10 - COMMITMENTS AND CONTINGENCIES Litigation Certain conditions may exist as of the date the consolidated financial statements are issued which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company, or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s consolidated financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed, unless they involve guarantees, in which case the guarantees would be disclosed. There can be no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows. It is possible that we may be subject to litigation or claims for indemnification in connection with the sale of our common stock in inadvertent unregistered transactions that occurred in 2018. The SEC may determine to investigate the unregistered transactions in our common stock, which could subject us to potential enforcement actions by the SEC under Section 5 of the Securities Act of 1933, as amended (the “Securities Act”) and may result in injunctive relief or the imposition of fines. In addition, it is possible that we had other unregistered offers or sales of our common stock, other than the aforementioned inadvertent unregistered transactions that occurred in 2018, and we may be subject to litigation or claims for indemnification in connection with any such offers or sales. If any such claims were to succeed, we might not have sufficient funds to pay the resulting damages. There can be no assurance that the insurance coverage we maintain would cover any such expenses or be sufficient to cover any claims against us. In addition to the monetary value of any claim, any litigation, regulatory action or governmental proceeding to which we are a party could adversely affect us by harming our reputation, diverting the time and attention of management, and causing the Company to incur significant litigation expenses, which would all materially and adversely affect our business. In addition, we may be a party to litigation matters involving our business, which operates within a highly regulated industry. On September 4, 2018, we received notice that a law firm representing the estate of an individual who sustained life-ending injuries while working for an end user of our products had made a claim to our insurance carrier. The matter is under investigation by the U.S. Department of Transportation and the Occupational Health and Safety Administration. The Company is still investigating the cause of the accident and there have been no conclusive findings as of this time. It is unknown whether the final cause of the accident will be determined and whether those findings will negatively impact Company operations or sales. The Company continues to be fully operational and transparent with all regulatory agencies. In addition, on April 15, 2019, we received notice that a class action lawsuit was filed on behalf of our shareholders who purchased shares of the Company, f/k/a MagneGas Applied Technology Solutions, Inc. from January 28, 2019 through February 12, 2019, inclusive. The lawsuit seeks to recover damages for the Company’s investors under the federal securities laws. The litigation is in the early stages and it is unknown whether it will have a financial impact on the Company. As of March 31, 2019, the Company has not accrued for any litigation contingency.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	NOTE 11 – LEASES The Company currently has seventeen office leases. The first operating lease is for its welding supply store in Clearwater, FL, effective September 1, 2018, for ten years. The initial lease rate was $6,728 per month with escalating payments. The second operating lease is for its welding supply store in Spring Hill, FL. This lease was effective May 1, 2018 and will end on April 30, 2019. The current lease rate is $1,338 per month. The third operating lease is for its welding supply store in Lakeland, FL, from March 31, 2016 through March 31, 2020. The initial lease rate was $2,100 per month with escalating payments. The fourth operating lease is for its welding supply store in Sarasota, FL, from August 1, 2016 through July 31, 2021. The current lease rate is $1,700 per month. The fifth operating lease is for its welding supply store in Sulphur Springs, TX, from February 1, 2019 through January 31, 2020. The current lease rate is $2,000 per month. The sixth operating lease is for its welding supply store in Woodland, CA, from April 4, 2018 through April 3, 2019. The current lease rate is $14,000 per month. The seventh operating lease is for its gas fill plant in Flint, TX, from August 24, 2015 through August 23, 2020. The current lease rate is $900 per month. The eighth operating lease is for its storage facility in Flint, TX, from August 1, 2016 through August 23, 2020. The current lease rate is $5,500 per month. The ninth operating lease is for its welding supply store in Shreveport, LA, from December 1, 2015 through May 31, 2021. The initial lease rate was $2,846 per month with escalating payments. The tenth operating lease is for its welding supply store in Palestine, TX, from August 13, 2015 through August 12, 2020. The current lease rate is $1,800 per month. The eleventh operating lease is for its welding supply store in Paris, TX, from October 18, 2018 through October 17, 2020. The current lease rate is $3,000 per month. The twelfth operating lease is for its welding supply store in Longview, TX, from October 27, 2018 through October 26, 2020. The current lease rate is $2,000 per month. The thirteenth operating lease is for its cylinder repair shop in Tyler, TX, from February 16, 2019 through February 15, 2020. The current lease rate is $2,500 per month. The fourteenth operating lease is for its welding supply store in Tyler, TX, from January 17, 2019 through January 16, 2020. The current lease rate is $6,500 per month. The fifteenth operating lease is for its welding supply store in Compton, CA, from February 22, 2019 through October 31, 2026. The current lease rate is $29,400 per month. The sixteenth operating lease is for its welding supply store in Pomona, CA, from February 22, 2019 through October 31, 2026. The current lease rate is $11,200 per month. The seventeenth operating lease is for its welding supply store in Oxnard, CA, from February 22, 2019 through February 1, 2020. The initial lease rate was $3,394 per month with escalating payments. The Company has no other operating with terms greater than 12 months. Financing leases were deemed immaterial. The Company adopted ASC Topic 842, Leases (“ASC Topic 842”) effective January 1, 2019 using the prospective approach. In addition, the Company elected not to apply ASC Topic 842 to arrangements with lease terms of 12 months or less. On January 1, 2019, upon adoption of ASC Topic 842, the Company recorded right-of-use asset of $3,824,919, lease liability of $3,824,919 and eliminated deferred rent of $0. The Company determined the lease liability using the Company’s estimated incremental borrowing rate of 8.0% to estimate the present value of the remaining monthly lease payments. Right-of-use assets is summarized below: March 31, 2019 Clearwater, FL Store $ 545,933 Spring Hill, FL Store 5,297 Lakeland, FL Store 31,914 Sarasota, FL Store 47,785 Sulphur Springs, TX Store 23,145 Flint, TX Fill Plant 16,911 Flint, TX Store 104,286 Shreveport, LA Storage 106,352 Palestine, TX Store 33,823 Paris, TX Store 61,607 Longview, TX Store 41,071 Tyler, TX Repair Shop 31,239 Tyler, TX Store 81,223 Compton, CA Store 2,046,331 Pomona, CA Store 779,555 Oxnard, CA Store 39,277 Woodland, CA Store 41,722 Less accumulated amortization (212,553 ) Right-of-use asset, net $ 3,824,919 During the three months ended March 31, 2019, the Company recorded $153,631 as rent expense to the right-of-use assets. The weighted average remaining life is 6.15 years. Lease liability is summarized below: March 31, 2019 Total lease liability $ 3,824,919 Less: short term portion (641,587 ) Long term portion $ 3,183,332 Maturity analysis under the lease agreement is as follows: Nine months ending December 31, 2019 $ 747,527 Year ending December 31, 2020 773,317 Year ending December 31, 2021 600,171 Year ending December 31, 2022 567,941 Year ending December 31, 2023 567,941 Year ending December 31, 2024 567,941 Year ending December 31, 2025 567,941 Year ending December 31, 2026 486,741 Year ending December 31, 2027 80,741 Year ending December 31, 2028 53,827 Total $ 5,014,086 Less: Present value discount (1,189,168 ) Lease liability $ 3,824,919

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial information and include the accounts of the Company and its wholly-owned subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. In the opinion of the Company’s management, the accompanying condensed consolidated financial statements reflect all adjustments, consisting of normal, recurring adjustments, considered necessary for a fair presentation of the results for the interim periods ended March 31, 2019 and 2018. As this is an interim period financial statement, certain adjustments are not necessary as with a financial period of a full year. Although management believes that the disclosures in these unaudited condensed consolidated financial statements are adequate to make the information presented not misleading, certain information and footnote disclosures normally included in financial statements that have been prepared in accordance U.S. GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s financial statements for the year ended December 31, 2018, which contains the audited financial statements and notes thereto, for the years ended December 31, 2018 and 2017 included within the Company’s Form 10-K filed with the SEC on April 12, 2019. The interim results for the three months ended March 31, 2019 are not necessarily indicative of the results to be expected for the year ended December 31, 2019 or for any future interim periods.
Use of Estimates	Use of Estimates The Company prepares its financial statements in conformity with U.S. GAAP. These principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management believes that these estimates are reasonable; however, actual results could differ from those estimates. The consolidated financial statements presented include intangible assets, goodwill, fair value of assets and liabilities related to acquisitions, recoverability of deferred tax assets, collection of its receivables and the useful life of property, plant and equipment.
Business Combinations	Business Combinations The Company accounts for business combinations under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 “Business Combinations” using the acquisition method of accounting, and accordingly, the assets and liabilities of the acquired business are recorded at their fair values at the date of acquisition. The excess of the purchase price over the estimated fair value is recorded as goodwill. All acquisition costs are expensed as incurred. Upon acquisition, the accounts and results of operations are consolidated as of and subsequent to the acquisition date.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments that subject the Company to credit risk consist principally of trade accounts receivable and cash. The Company performs certain credit evaluation procedures and does not require collateral for financial instruments subject to credit risk. The Company believes that credit risk is limited because the Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk of its customers, establishes an allowance for uncollectible accounts and, consequently, believes that its accounts receivable credit risk exposure beyond such allowances is limited. The Company maintains cash deposits with financial institutions which are insured by the Federal Deposit Insurance Corporation (“FDIC”), which, from time to time, may exceed federally insured limits. Cash is also maintained at foreign financial institutions. Cash in foreign financial institutions as of March 31, 2019 was $806,466. The Company has not experienced any losses and believes it is not exposed to significant credit risk from cash.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents consist of cash, checking accounts, money market accounts and temporary investments with original maturities of three months or less when purchased. As of March 31, 2019, and 2018 the Company had no cash equivalents. Restricted cash consists of cash deposited with a financial institution for $806,466. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets that sum to the total of the same amounts show in the statement of cash flows. March 31, 2019 2018 Cash 356,512 2,103,254 Restricted deposits 806,466 - Total cash, cash equivalents and restricted cash in the balance sheet 1,162,978 2,103,254
Revenue Recognition	Revenue Recognition Effective January 1, 2018, the Company adopted ASC Topic 606, Revenue from Contracts with Customers (“ASC Topic 606”). The new revenue recognition guidance requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance requires an entity to follow a five-step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. Revenues under Topic 606 are required to be recognized either at a “point in time” or “over time”, depending on the facts and circumstances of the arrangement, and will be evaluated using a five-step model. The adoption of Topic 606 did not have a material impact on the financial statements, either at initial implementation nor will it have a material impact on an ongoing basis. The Company principally generates revenue through three operating streams: (1) the sale of MagneGas fuel for metal cutting and through the sales of other industrial and specialty gases and related products through the Company’s wholly owned subsidiaries, (2) by providing consulting services and (3) through the sales of the Plasma Arc Flow Systems. The Company’s revenue recognition policy for the year ended December 31, 2018 is as follows: ● Revenue for metal-working fuel, industrial gases and welding supplies is recognized when performance obligations of the sale are satisfied. The majority of the Company’s terms of sale have a single performance obligation to transfer products. Accordingly, the Company recognizes revenue when control has been transferred to the customer, generally at the time of shipment of products. Under the previous revenue recognition accounting standard, the Company recognized revenue upon transfer of title and risk of loss, generally upon the delivery of goods. ● Consulting Services are earned through various arrangements. The Company applies the five-step process outlined in ASC 606 when recognizing revenue with regards to the consulting services: ○ The Company enters into a written consulting agreement with a customer to provide professional services and has an enforceable right to payment for its performance completed to date; ○ All of the promised services are identified to determine whether those services represent performance obligations; ○ In consideration for the services to be rendered, the Company expects to receive incremental payments during the term of the agreement; ○ Payments are estimated for each performance obligation and allocated in accordance with payment terms; and ○ The nature of the consulting services is such that the customer will receive benefits of the Company’s performance only when the customer receives the professional services. Consequently, the entity recognizes revenue over time by measuring the progress toward complete satisfaction of the performance obligation. ● Plasma Arc Flow Units Revenue generated from sales of each unit is recognized upon delivery and completion of the performance obligation. Significant deposits are required before production commences. These deposits are classified as customer deposits.
Contract Balances	Contract Balances The timing of revenue recognition may differ from the timing of payment by customers. The Company records a receivable when revenue is recognized prior to payment and there is an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, the Company records deferred revenue until the performance obligations are satisfied. The Company had deferred revenue of approximately $0 and $0 as of March 31, 2019 and 2018. The Company expects to satisfy its remaining performance obligations for these services and recognize the deferred revenue and related contract costs over the next twelve months. The following table represents external net sales disaggregated by product category for the quarter ended March 31, 2019 2018 Gas sold $ 2,912,877 $ 869,829 Equipment rentals 869,574 190,309 Equipment sales 1,053,122 111,616 Other 77,758 - Total Revenues from Customers 4,913,332 1,171,753
Preferred Stock	Preferred Stock The Company applies the accounting standards for distinguishing liabilities from equity under U.S. GAAP when determining the classification and measurement of its Preferred stock. Preferred shares subject to mandatory redemption are classified as liability instruments and are measured at fair value. Conditionally redeemable preferred shares (including preferred shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, preferred shares are classified as permanent equity.
Research and Development	Research and Development The Company expenses research and development costs when incurred. Research and development costs include engineering and laboratory testing of products and outputs. Research and development expense was $25,173 and $1,152 for the quarters ended March 31, 2019 and 2018, respectively.
Stock-based Compensation	Stock-Based Compensation The Company accounts for stock-based compensation costs under the provisions of Accounting Standards Codification 718, “Compensation—Stock Compensation” (“ASC 718”), which requires the measurement and recognition of compensation expense related to the fair value of stock-based compensation awards that are ultimately expected to vest. Stock based compensation expense recognized includes the compensation cost for all stock-based payments granted to employees, officers, and directors based on the grant date fair value estimated in accordance with the provisions of ASC 718. ASC 718 is also applied to awards modified, repurchased, or canceled during the periods reported. The Company incurred stock-based compensation charges of $1,875,313 and $529,718 for the quarters ended March 31, 2019 and 2018, respectively and has included such amounts in selling, general and administrative expenses in the consolidated statement of operations.
Basic and Diluted Net (loss) Per Common Share	Basic and Diluted Net (Loss) per Common Share Basic (loss) per common share is computed by dividing the net (loss) by the weighted average number of shares of common stock outstanding for each period. Diluted (loss) per share is computed by dividing the net (loss) by the weighted average number of shares of common stock outstanding plus the dilutive effect of shares issuable through the common stock equivalents. As of March 31, 2019, and 2018 the Company’s common stock equivalents outstanding were as follows: March 31, 2019 2018 Options 11,553 10,304 Common Stock Warrants 12,819,028 11,111 Convertible preferred stock - 3,546 Total common stock equivalents outstanding 12,830,581 24,961
Reclassification	Reclassification Certain accounts in the prior year’s consolidated financial statements have been reclassified for comparative purposes to conform to the presentation in the current year’s consolidated financial statements. These reclassifications have no effect on previously reported earnings.
Subsequent Events	Subsequent Events The Company evaluates events that have occurred after the balance sheet date, but prior to the date the financial statements are issued. Based upon the evaluation, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the consolidated financial statements, except as disclosed in Note 8.
Recent Accounting Standards	Recent Accounting Standards In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, Fair Value Measurement. ASU 2018-13 modifies the disclosure requirements for fair value measurements by removing, modifying, or adding certain disclosures. The amendments in ASU 2018-13 will be effective for fiscal years beginning after December 15, 2019. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU No. 2018-13 and delay adoption of the additional disclosures until their effective date. The Company is currently evaluating the potential impact of adopting this guidance on its consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Schedule of Reconciliation Statement of Cash Flows	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets that sum to the total of the same amounts show in the statement of cash flows. March 31, 2019 2018 Cash 356,512 2,103,254 Restricted deposits 806,466 - Total cash, cash equivalents and restricted cash in the balance sheet 1,162,978 2,103,254
Schedule of Net Sales Disaggregation by Product Category	The following table represents external net sales disaggregated by product category for the quarter ended March 31, 2019 2018 Gas sold $ 2,912,877 $ 869,829 Equipment rentals 869,574 190,309 Equipment sales 1,053,122 111,616 Other 77,758 - Total Revenues from Customers 4,913,332 1,171,753
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	As of March 31, 2019, and 2018 the Company’s common stock equivalents outstanding were as follows: March 31, 2019 2018 Options 11,553 10,304 Common Stock Warrants 12,819,028 11,111 Convertible preferred stock - 3,546 Total common stock equivalents outstanding 12,830,581 24,961

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Schedule of Allocation of Consideration Transferred	The preliminary allocation of the consideration transferred is as follows: Cash $ 2,500,000 Total purchase price $ 2,500,000 Accounts receivable $ 572,264 Cash 43,394 Inventory 571,699 Customer relationships 250,000 Cylinders and trucks 182,549 Accounts payable assumed (652,578 ) Total purchase price allocation $ 967,327 Goodwill $ 1,532,673 The preliminary allocation of the consideration transferred is as follows: Cash $ 1,500,000 Total purchase price $ 1,500,000 Accounts receivable $ 13,902 Cash 25,931 Cylinders and trucks 336,081 Accounts payable assumed (40,911 ) Total purchase price allocation $ 335,004 Goodwill $ 1,164,996 The allocation of the consideration transferred is as follows: Cash $ 2,500,000 Total purchase price $ 2,500,000 Accounts receivable $ 455,705 Customer relationships 250,000 Cylinders and trucks 377,655 Accounts payable assumed (316,333 ) Total purchase price allocation $ 767,027 Goodwill $ 1,732,973
Schedule of Proforma Information of Operations	The proforma information does not necessarily reflect the results of operations that would have occurred had the entities been a single company during those periods. For the three months ended March 31, 2019 2018 Revenues 5,511,277 5,610,443 Gross Profit 2,602,899 2,133,753 Operating Loss (8,270,649 ) (3,625,901 ) Net Loss (8,299,952 ) (3,780,891 ) Weighted Average Common Stock Outstanding 15,389,825 317,535 Loss per Common Share – Basic and Diluted (0.54 ) (11.91 )

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Schedule of Right-of-use assets	Right-of-use assets is summarized below: March 31, 2019 Clearwater, FL Store $ 545,933 Spring Hill, FL Store 5,297 Lakeland, FL Store 31,914 Sarasota, FL Store 47,785 Sulphur Springs, TX Store 23,145 Flint, TX Fill Plant 16,911 Flint, TX Store 104,286 Shreveport, LA Storage 106,352 Palestine, TX Store 33,823 Paris, TX Store 61,607 Longview, TX Store 41,071 Tyler, TX Repair Shop 31,239 Tyler, TX Store 81,223 Compton, CA Store 2,046,331 Pomona, CA Store 779,555 Oxnard, CA Store 39,277 Woodland, CA Store 41,722 Less accumulated amortization (212,553 ) Right-of-use asset, net $ 3,824,919
Schedule of Lease Liability	Lease liability is summarized below: March 31, 2019 Total lease liability $ 3,824,919 Less: short term portion (641,587 ) Long term portion $ 3,183,332
Schedule of Operating Lease Maturity	Maturity analysis under the lease agreement is as follows: Nine months ending December 31, 2019 $ 747,527 Year ending December 31, 2020 773,317 Year ending December 31, 2021 600,171 Year ending December 31, 2022 567,941 Year ending December 31, 2023 567,941 Year ending December 31, 2024 567,941 Year ending December 31, 2025 567,941 Year ending December 31, 2026 486,741 Year ending December 31, 2027 80,741 Year ending December 31, 2028 53,827 Total $ 5,014,086 Less: Present value discount (1,189,168 ) Lease liability $ 3,824,919

Going Concern and Managements_2

Going Concern and Managements' Plan (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash	$ 356,512	$ 2,103,254	$ 1,598,737
Net loss	6,162,398	3,019,441
Cash in operation	3,577,328	$ 2,394,909
Working capital	204,651
Accumulated deficit	85,782,109		$ 79,619,711
Cash burn rate amount	$ 1,190,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Accounting Policies [Abstract]
Cash in foreign financial institution	$ 806,466
Cash equivalents
Restricted deposit	806,466		$ 806,466
Deferred revenue	0	0
Research and development expense	25,173	1,152
Stock based compensation	$ 1,875,313	$ 529,718

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Reconciliation Statement of Cash Flows (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Accounting Policies [Abstract]
Cash	$ 356,512	$ 1,598,737	$ 2,103,254
Restricted deposits	806,466
Total cash, cash equivalents and restricted cash in the balance sheet	$ 1,162,978		$ 2,103,254

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Net Sales Disaggregation by Product Category (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues from Customers	$ 4,913,332	$ 1,171,753
Sales Revenue [Member]
Revenues from Customers	4,913,332	1,171,753
Sales Revenue [Member] | Gas Sold [Member]
Revenues from Customers	2,912,877	869,829
Sales Revenue [Member] | Equipment Rentals [Member]
Revenues from Customers	869,574	190,309
Sales Revenue [Member] | Equipment Sales [Member]
Revenues from Customers	1,053,122	111,616
Sales Revenue [Member] | Other [Member]
Revenues from Customers	$ 77,758

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Total common stock equivalents outstanding	12,830,581	24,961
Options [Member]
Total common stock equivalents outstanding	11,553	10,304
Common Stock Warrants [Member]
Total common stock equivalents outstanding	12,819,028	11,111
Convertible Preferred Stock [Member]
Total common stock equivalents outstanding		3,546

Acquisitions (Details Narrative

Acquisitions (Details Narrative) - USD ($)	Feb. 22, 2019	Feb. 15, 2019	Jan. 16, 2019
Total purchase price	$ 2,500,000	$ 1,500,000	$ 2,500,000
Securities Purchase Agreement [Member] | Texas Corporation [Member]
Ownership percentage			100.00%
Gross purchase price of capital stock purchase			$ 2,500,000
Securities Purchase Agreement [Member] | Cylinder Solutions, Inc [Member] | Melvin Ruyle, Jered Ruyle and Janson Ruyle (Seller's) [Member]
Ownership percentage		100.00%
Gross purchase price of capital stock purchase		$ 1,500,000
Asset Purchase Agreement [Member] | Taronis Technologies, Inc [Member]
Total purchase price	$ 2,500,000

Acquisitions - Schedule of Allo

Acquisitions - Schedule of Allocation of Consideration Transferred (Details) - USD ($)	Feb. 22, 2019	Feb. 15, 2019	Jan. 16, 2019	Mar. 31, 2019	Dec. 31, 2018
Business Combinations [Abstract]
Cash	$ 2,500,000	$ 1,500,000	$ 2,500,000
Total purchase price	2,500,000	1,500,000	2,500,000
Accounts Receivable	455,705	13,902	572,264
Cash		25,931	43,394
Inventory			571,699
Customer relationships	250,000		250,000
Cylinders and trucks	377,655	336,081	182,549
Accounts payable assumed	(316,333)	(40,911)	(652,578)
Total purchase price allocation	767,027	335,004	967,327
Goodwill	$ 1,732,973	$ 1,164,996	$ 1,532,673	$ 11,123,231	$ 6,690,724

Acquisitions - Schedule of Prof

Acquisitions - Schedule of Proforma Information of Operations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Business Combinations [Abstract]
Revenues	$ 5,511,277	$ 5,610,443
Gross Profit	2,602,899	2,133,753
Operating Loss	(8,270,649)	(3,625,901)
Net Loss	$ (8,299,952)	$ (3,780,891)
Weighted Average Common Stock Outstanding	15,389,825	317,535
Loss per Common Share - Basic and Diluted	$ (0.54)	$ (11.91)

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - Cylinder Purchase Agreement [Member]	Feb. 22, 2019USD ($)
Payments to acquire cylinders	$ 300,000
Additional Cylinders [Member]
Payments to acquire cylinders	700,200
Remaining Cylinders [Member]
Payments to acquire cylinders	$ 1,999,800

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	Feb. 08, 2019	Jan. 11, 2019	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Common stock, par value			$ 0.001		$ 0.001
Number of common stock issued during period, value			$ 4,340,000
Proceeds for common stock issued			17,840,000
Common shares issued for services, value			$ 1,842,412	349,226
Consultants [Member]
Common shares issued for services, shares			520,000
Common shares issued for services, value			$ 990,498
Securities Purchase Agreement [Member]
Warrants exercisable price per share		$ 4.64
Underwriting Agreement [Member]
Proceeds for common stock issued			$ 17,840,000	$ 12,350,000
Warrants exercisable price per share	$ 1.25
Underwriting Agreement [Member] | Maxim Group LLC [Member]
Number of common stock issued during period, shares	10,800,000
Common stock, par value	$ 0.001
Warrants to purchase of common stock	8,100,000
Private placement, warrant gross purchase price	$ 13,500,000
Proceeds for common stock issued	$ 12,731,250
Shares issued price per share	$ 1.25
Warrants exercisable price per share	$ 0.75
Underwriter option to purchase shares	1,120,000
Underwriter option to purchase warrants	840,000
Common Stock [Member]
Number of common stock issued during period, shares			1,550,000
Number of common stock issued during period, value			$ 1,550
Common shares issued for services, shares			3,581,412	31,583
Common shares issued for services, value			$ 3,581	$ 32
Common Stock [Member] | Securities Purchase Agreement [Member]
Number of common stock issued during period, shares		1,550,000
Common stock, par value		$ 0.001
Warrants to purchase of common stock		1,550,000
Number of common stock issued during period, value		$ 4,340,000
Proceeds for common stock issued		$ 4,029,600
Shares issued price per share		$ 2.80

Preferred Stock (Details Narrat

Preferred Stock (Details Narrative) - USD ($)	Mar. 08, 2019	Mar. 31, 2019	Dec. 31, 2018
Common stock, par value		$ 0.001	$ 0.001
Investor [Member] | Preferred Series E [Member]
Number of shares converted	5,000
Investor [Member] | Common Stock [Member]
Number of shares converted	500,000
Common stock, par value	$ 0.001
Investor [Member] | Purchase and Conversion Agreement [Member]
Payments for repurchase of convertible preferred stock	$ 3,500,000
Series C Preferred Stock [Member] | Investor [Member] | Purchase and Conversion Agreement [Member]
Number of shares repurchased, shares	499
Series E Preferred Stock [Member] | Investor [Member] | Purchase and Conversion Agreement [Member]
Number of shares repurchased, shares	31,765

Common Stock Warrants (Details

Common Stock Warrants (Details Narrative) - $ / shares	Feb. 08, 2019	Jan. 11, 2019
Securities Purchase Agreement [Member]
Warrants to purchase common stock		1,550,000
Warrants exercise price per share		$ 4.64
Underwriting Agreement [Member]
Warrants to purchase common stock	8,100,000
Warrants exercise price per share	$ 1.25

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	May 03, 2019	May 20, 2019	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Common stock, par value			$ 0.001		$ 0.001
Number of common stock issued during period, value			$ 4,340,000
Number of shares issued for services rendered, fair value			$ 1,842,412	$ 349,226
Subsequent Event [Member]
Number of shares issued for services rendered		1,387,237
Number of shares issued for services rendered, fair value		$ 691,000
Subsequent Event [Member] | Securities Purchase Agreement [Member]
Number of common stock issued during period, shares	500,000
Common stock, par value	$ 0.001
Number of convertible debentures issued	1,500,000
Number of common stock issued during period, value	$ 2,000,000
Proceeds from issuance of stock	$ 1,920,000
Sales of stock price per shares	$ 0.46

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	3 Months Ended
	Mar. 31, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Litigation settlement

Leases (Details Narrative)

Leases (Details Narrative) - USD ($)	Sep. 01, 2018	May 01, 2018	Mar. 31, 2019	Jan. 02, 2019	Dec. 31, 2018
Operating lease rate per month			$ 153,631
Right of use asset			3,824,919	$ 3,824,919
Operating lease liability			3,824,919	3,824,919
Deferred rent				$ 0
Borrowing lease rate				8.00%
First Operating Lease [Member]
Lease term	10 years
Operating lease rate per month	$ 6,728
Second Operating Lease [Member]
Operating lease rate per month		$ 1,338
Lease maturity date		Apr. 30, 2019
Third Operating Lease [Member]
Operating lease rate per month			$ 2,100
Lease description			The third operating lease is for its welding supply store in Lakeland, FL, from March 31, 2016 through March 31, 2020.
Fourth Operating Lease [Member]
Operating lease rate per month			$ 1,700
Lease description			The fourth operating lease is for its welding supply store in Sarasota, FL, from August 1, 2016 through July 31, 2021.
Fifth Operating Lease [Member]
Operating lease rate per month			$ 2,000
Lease description			The fifth operating lease is for its welding supply store in Sulphur Springs, TX, from February 1, 2019 through January 31, 2020.
Sixth Operating Lease [Member]
Operating lease rate per month			$ 14,000
Lease description			The sixth operating lease is for its welding supply store in Woodland, CA, from April 4, 2018 through April 3, 2019.
Seventh Operating Lease [Member]
Operating lease rate per month			$ 900
Lease description			The seventh operating lease is for its gas fill plant in Flint, TX, from August 24, 2015 through August 23, 2020.
Eighth Operating Lease [Member]
Operating lease rate per month			$ 5,500
Lease description			The eighth operating lease is for its storage facility in Flint, TX, from August 1, 2016 through August 23, 2020.
Ninth Operating Lease [Member]
Operating lease rate per month			$ 2,846
Lease description			The ninth operating lease is for its welding supply store in Shreveport, LA, from December 1, 2015 through May 31, 2021.
Tenth Operating Lease [Member]
Operating lease rate per month			$ 1,800
Lease description			The tenth operating lease is for its welding supply store in Palestine, TX, from August 13, 2015 through August 12, 2020.
Eleventh Operating Lease [Member]
Operating lease rate per month			$ 3,000
Lease description			The eleventh operating lease is for its welding supply store in Paris, TX, from October 18, 2018 through October 17, 2020.
Twelfth Operating Lease [Member]
Operating lease rate per month			$ 2,000
Lease description			The twelfth operating lease is for its welding supply store in Longview, TX, from October 27, 2018 through October 26, 2020.
Thirteenth Operating Lease [Member]
Operating lease rate per month			$ 2,500
Lease description			The thirteenth operating lease is for its cylinder repair shop in Tyler, TX, from February 16, 2019 through February 15, 2020.
Fourteenth Operating Lease [Member]
Operating lease rate per month			$ 2,000
Lease description			The fourteenth operating lease is for its welding supply store in Tyler, TX, from January 17, 2019 through January 16, 2020.
Fifteenth Operating Lease [Member]
Operating lease rate per month			$ 6,500
Lease description			The fifteenth operating lease is for its welding supply store in Compton, CA, from February 22, 2019 through October 31, 2026.
Sixteenth Operating Lease [Member]
Operating lease rate per month			$ 29,400
Lease description			The sixteenth operating lease is for its welding supply store in Pomona, CA, from February 22, 2019 through October 31, 2026.
Seventeenth Operating Lease [Member]
Operating lease rate per month			$ 11,200
Lease description			The seveneenth operating lease is for its welding supply store in Oxnard, CA, from February 22, 2019 through February 1, 2020.
Operating Lease [Member]
Operating lease rate per month			$ 3,394

Leases - Schedule of Right-of-u

Leases - Schedule of Right-of-use assets (Details) - USD ($)	Mar. 31, 2019	Jan. 02, 2019	Dec. 31, 2018
Less accumulated amortization	$ (212,553)
Right-of-use asset, net	3,824,919	$ 3,824,919
Clearwater, FL Store [Member]
Right-of-use asset, Gross	545,933
Spring Hill, FL Store [Member]
Right-of-use asset, Gross	5,297
Lakeland, FL Store [Member]
Right-of-use asset, Gross	31,914
Sarasota, FL Store [Member]
Right-of-use asset, Gross	47,785
Sulphur Springs, TX Store [Member]
Right-of-use asset, Gross	23,145
Flint, TX Fill Plant [Member]
Right-of-use asset, Gross	16,911
Flint, TX Store [Member]
Right-of-use asset, Gross	104,286
Shreveport, LA Storage [Member]
Right-of-use asset, Gross	106,352
Palestine, TX Store [Member]
Right-of-use asset, Gross	33,823
Palestine. TX Store [Member]
Right-of-use asset, Gross	61,607
Palestine. TX Store [Member]
Right-of-use asset, Gross	41,071
Tyler, TX Repair Shop [Member]
Right-of-use asset, Gross	31,239
Tyler, TX Store [Member]
Right-of-use asset, Gross	81,223
Compton, CA Store [Member]
Right-of-use asset, Gross	2,046,331
Pomona, CA Store [Member]
Right-of-use asset, Gross	779,555
Oxnard, CA Store [Member]
Right-of-use asset, Gross	39,277
Woodland, CA Store [Member]
Right-of-use asset, Gross	$ 41,722

Leases - Schedule of Lease Liab

Leases - Schedule of Lease Liability (Details) - USD ($)	Mar. 31, 2019	Jan. 02, 2019
Leases [Abstract]
Total lease liability	$ 3,824,919	$ 3,824,919
Less: short term portion	(641,587)
Long term portion	$ 3,183,332

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Maturity (Details) - USD ($)	Mar. 31, 2019	Jan. 02, 2019
Leases [Abstract]
Nine months ending December 31, 2019	$ 747,527
Year ending December 31, 2020	773,317
Year ending December 31, 2021	600,171
Year ending December 31, 2022	567,941
Year ending December 31, 2023	567,941
Year ending December 31, 2024	567,941
Year ending December 31, 2025	567,941
Year ending December 31, 2026	486,741
Year ending December 31, 2027	80,741
Year ending December 31, 2028	53,827
Total	5,014,086
Less: Present value discount	(1,189,168)
Lease liability	$ 3,824,919	$ 3,824,919