Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash $ 505,512 $ 273,599
Accounts receivable, net of allowance for doubtful accounts of $14,589 and $88,071, respectively 1,178,915 614,726
Contracts receivable, current 943,904 526,948
Right to use lease assets 98,027
Other current assets 178,811 601,749
Total current assets 2,905,169 2,017,022
Goodwill 496,352 496,352
Right to use lease assets 18,083 260,645
Intangible assets, net 1,448,967 1,762,211
Contracts receivable, long term 1,651,832 1,260,371
Other assets 54,418 67,787
TOTAL ASSETS 6,574,821 5,864,388
Current liabilities    
Accounts payable 3,544,692 3,256,888
Accrued interest 182,258 35,292
Accrued and deferred personnel compensation 274,647 244,953
Deferred revenue and customer deposits 639,876 440,309
Related party notes payable 80,000 140,700
Notes payable, net - current maturities 564,021 540,576
Operating lease liability 126,318 258,343
Other current liabilities 525,945 308,465
Total current liabilities 5,937,757 5,225,526
Non-current liabilities    
Related party notes payable, net - long term 1,200,000 1,000,000
Notes payable, net - long term 1,118,040 567,529
Operating lease liability 23,075 45,460
Other long term liabilities 970,123 740,218
Total non-current liabilities 3,311,238 2,353,207
Total liabilities 9,248,995 7,578,733
Commitments and Contingencies (See Note 9)  
Stockholders' deficit    
Common stock, $0.001 par value; 100,000,000 shares authorized; 51,630,469 and 51,380,969, shares issued and outstanding 51,631 51,381
Equity payable 100,862 100,862
Additional paid-in capital 95,532,402 94,781,738
Accumulated other comprehensive income (loss) (292) 8,780
Accumulated deficit (98,358,777) (96,657,106)
Total stockholders' deficit (2,674,174) (1,714,345)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 6,574,821 $ 5,864,388