Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 7,252,236 $ 6,595,416
Accounts receivable, net of allowance of $325,000 and $375,000, respectively 1,629,577 1,580,242
Unbilled services 189,522 52,072
Prepaid expenses and other current assets 729,790 400,820
Total current assets 9,801,125 8,628,550
Property and equipment, net 676,378 523,040
Operating lease right-of-use assets 1,101,123 1,373,720
Intangible assets, net 3,563,953 3,126,336
Goodwill 1,011,952 1,011,952
Deferred tax assets 896,839 1,039,084
Deposits and other assets 194,168 198,726
Total assets 17,245,538 15,901,408
Current liabilities:    
Accounts payable 1,381,482 1,875,115
Accrued expenses 1,562,079 1,330,786
Accrued interest 22,818 21,206
Income taxes payable 83,031 318,031
Long-term debt – current portion 415,419 262,301
Long-term convertible debt – current portion 0 282,699
Finance lease obligations – current portion 170,670 118,658
Operating lease liabilities – current portion 493,514 481,250
Deferred revenue 2,300,190 2,039,241
Total current liabilities 6,429,203 6,729,287
Long-term debt net of current portion 640,910 502,560
Long-term convertible debt net of current portion 0 434,783
Finance lease obligations net of current portion 174,120 62,316
Operating lease liabilities net of current portion 607,609 892,470
Total liabilities 7,851,842 8,621,416
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, value
Common stock, value 52 46
Additional paid-in capital 9,608,642 7,739,883
Accumulated deficit (214,998) (459,937)
Total stockholders’ equity 9,393,696 7,279,992
Total liabilities and stockholders’ equity 17,245,538 15,901,408
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value $ 0 $ 0