v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash $ 248,397 $ 228,956
Accounts receivable, net of allowance for doubtful accounts of $63,727. 6,154,263 6,711,595
Prepaid expenses and other current assets 269,736 271,466
Total current assets 6,672,396 7,212,017
Property and equipment, net 1,728,472 2,123,672
Other assets    
Goodwill 9,853,342 9,853,342
Intangible assets, net of accumulated amortization 9,104,055 9,441,681
Right of use assets - operating lease 1,071,580  
Right of use assets - finance lease 221,073  
Other assets 35,170 35,170
Total other assets 20,285,220 19,330,193
Total assets 28,686,088 28,665,882
Current liabilities    
Accounts payable 8,508,777 9,499,541
Notes payable 250,000 250,000
Accrued expenses and other current liabilities 3,399,002 2,489,834
Financed receivables 2,091,365 1,859,853
Derivative liability 333,333 0
Total current liabilities 14,582,477 14,099,228
Long-term liabilities    
Deferred tax liability 2,339,832 2,339,832
Convertible promissory notes 2,213,333 1,000,000
Lease liability - operating lease 713,225  
Lease liability - finance lease 66,214  
Other long-term liabilities 102,714 193,007
Total long-term liabilities 5,435,318 3,532,839
Preferred stock:    
Preferred stock, $.001 par value: Authorized shares 500,000, none issued and outstanding 0 0
Common stock:    
Common stock, $.001 par value: Authorized shares 40,000,000; issued shares 32,943,848 and 32,757,817, respectively; outstanding shares 32,567,321 and 32,381,290, respectively 32,945 32,759
Additional paid-in capital 138,964,194 138,867,509
Accumulated deficit (128,932,287) (126,469,894)
Treasury stock, at cost - 376,527 shares (1,396,559) (1,396,559)
Total stockholders' equity 8,668,293 11,033,815
Total liabilities and stockholders' equity $ 28,686,088 $ 28,665,882

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