v3.20.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash $ 4,181,214 $ 372,989
Accounts receivable, net of allowance for doubtful accounts of $269,000 and $225,000, respectively. 3,256,697 7,529,785
Prepaid expenses and other current assets 243,137 243,888
Total current assets 7,681,048 8,146,662
Property and equipment, net 1,213,937 1,374,152
Other assets    
Intangible assets, net of accumulated amortization 9,518,841 10,451,593
Goodwill 9,853,342 9,853,342
Right of use assets - operating lease 535,870 756,115
Right of use assets - finance lease 518,747 88,178
Other assets 20,884 20,886
Total other assets 20,447,684 21,170,114
Total assets 29,342,669 30,690,928
Current liabilities    
Accounts payable 3,674,697 7,520,567
Accrued expenses and other current liabilities 2,574,580 3,614,433
Lease liability - operating lease 240,580 362,130
Lease liability - finance lease 230,197 80,777
Line of credit 2,158,443 0
Financed receivables 0 3,381,364
Convertible promissory note 0 536,806
Derivative liability 0 182,250
Total current liabilities 8,878,497 15,678,327
Long-term liabilities    
Deferred tax liability 107,000 107,000
Lease liability - operating lease 295,528 394,889
Lease liability - finance lease 196,267 0
Other long-term liabilities 1,790,845 57,162
Total long-term liabilities 2,389,640 559,051
Preferred stock, $0.001 par value:    
Authorized shares 500,000, none issued and outstanding 0 0
Common stock, $0.001 par value:    
Authorized shares 100,000,000; issued shares 76,152,193 and 52,222,538, respectively; outstanding shares 75,775,666 and 51,846,011, respectively 76,153 52,223
Additional paid-in capital 152,625,263 144,843,687
Accumulated deficit (133,230,325) (129,045,801)
Treasury stock, at cost - 376,527 shares (1,396,559) (1,396,559)
Total stockholders' equity 18,074,532 14,453,550
Total liabilities and stockholders' equity $ 29,342,669 $ 30,690,928

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