v3.19.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash $ 995,467 $ 228,956
Accounts receivable, net of allowance for doubtful accounts of $100,000 and$63,727, respectively. 5,051,690 6,711,595
Prepaid expenses and other current assets 227,674 271,466
Total current assets 6,274,831 7,212,017
Property and equipment, net 1,568,505 2,123,672
Other assets    
Goodwill 9,853,342 9,853,342
Intangible assets, net of accumulated amortization 8,766,429 9,441,681
Right of use assets - operating lease 969,076  
Right of use assets - finance lease 176,774  
Other assets 35,170 35,170
Total other assets 19,800,791 19,330,193
Total assets 27,644,127 28,665,882
Current liabilities    
Accounts payable 9,525,024 9,499,541
Notes payable 250,000 250,000
Accrued expenses and other current liabilities 3,035,817 2,489,834
Financed receivables 2,856,428 1,859,853
Total current liabilities 15,667,269 14,099,228
Long-term liabilities    
Deferred tax liability 2,339,832 2,339,832
Convertible promissory notes 2,253,333 1,000,000
Lease liability - operating lease 536,108  
Lease liability - finance lease 118  
Other long-term liabilities 93,390 193,007
Total long-term liabilities 5,222,781 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 32,992 32,759
Additional paid-in capital 139,004,924 138,867,509
Accumulated deficit (130,887,280) (126,469,894)
Treasury stock, at cost - 376,527 shares (1,396,559) (1,396,559)
Total stockholders' equity 6,754,077 11,033,815
Total liabilities and stockholders' equity $ 27,644,127 $ 28,665,882

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