Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Current assets      
Cash $ 554,255 $ 460,059  
Accounts receivable, net of allowance for doubtful accounts of $10,104 and $2,280, respectively 601,658 885,743  
Contracts receivable, current 578,869 0  
Other current assets 736,309 209,536  
Total current assets 2,471,091 1,555,338  
Goodwill 537,550 803,118 $ 803,118
Intangible assets, net 1,781,448 676,436  
Contracts receivable, long term 2,113,823 0  
Other assets 527,146 88,916  
TOTAL ASSETS 7,431,058 3,123,808  
Current liabilities      
Accounts payable 1,731,628 1,096,003  
Accrued interest 9,167 1,168  
Accrued and deferred personnel compensation 350,311 590,500  
Deferred revenue and customer deposits 1,956,938 1,429,266  
Notes payable, net - current maturities 1,279,590 2,236,224  
Other current liabilities 723,636 226,355  
Total current liabilities 6,051,270 5,579,516  
Non-current liabilities      
Notes payable, net - long term 194,328 180,810  
Other long term liabilities 860,500 0  
Total non-current liabilities 1,054,828 180,810  
Total liabilities 7,106,098 5,760,326  
Stockholders' equity      
Common stock, $0.001 par value; 100,000,000 shares authorized; 45,998,053 and 37,025,140, shares issued and outstanding 45,998 37,025  
Equity payable 100,862 100,862  
Additional paid-in capital 88,008,473 77,910,842  
Accumulated other comprehensive loss 4,759 (65,764)  
Accumulated deficit (87,835,132) (80,619,483)  
Total stockholders' equity 324,960 (2,636,518) $ 2,129,164
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 7,431,058 $ 3,123,808