v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash $ 7,890,665 $ 372,989
Accounts receivable, net of allowance for doubtful accounts of $209,667 and $225,000, respectively 6,227,610 7,529,785
Prepaid expenses and other current assets 413,435 243,888
Total current assets 14,531,710 8,146,662
Property and equipment, net 1,187,061 1,374,152
Other assets    
Goodwill 9,853,342 9,853,342
Intangible assets, net of accumulated amortization 8,586,089 10,451,593
Right of use assets - operating lease 606,573 756,115
Right of use assets - finance lease 395,910 88,178
Other assets 20,886 20,886
Total other assets 19,462,800 21,170,114
Total assets 35,181,571 30,690,928
Current liabilities    
Accounts payable 4,048,260 7,520,567
Accrued expenses and other current liabilities 4,216,448 3,614,433
Lease liability - operating lease 217,671 362,130
Lease liability - finance lease 246,793 80,777
Derivative liability 0 182,250
Convertible promissory notes, current portion (net) 0 536,806
Financed receivables 0 3,381,364
Total current liabilities 8,729,172 15,678,327
Long-term liabilities    
Deferred tax liability 107,000 107,000
Lease liability - operating lease 388,902 394,889
Lease liability - finance lease 93,426 0
Other long-term liabilities 573,957 57,162
Total long-term liabilities 1,163,285 559,051
Stockholders’ equity    
Preferred stock, $.001 par value: Authorized shares - 500,000 - none issued and outstanding 0 0
Common stock, $.001 par value: Authorized shares 100,000,000; issued shares 98,035,829 and 52,222,538 respectively; Authorized shares 100,000,000; issued and outstanding shares 98,035,829 and 51,846,011, respectively 98,036 52,223
Additional paid-in capital 161,541,448 144,843,687
Accumulated deficit (136,350,370) (129,045,801)
Treasury stock, at cost - — and 376,527 shares, respectively 0 (1,396,559)
Total stockholders' equity 25,289,114 14,453,550
Total liabilities and stockholders' equity $ 35,181,571 $ 30,690,928

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