Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash $ 3,282,820 $ 273,599
Accounts receivable, net of allowance for doubtful accounts of $33,848 and $88,071, respectively 305,693 614,726
Contracts receivable, current 943,904 526,948
Right to use lease assets 47,038  
Other current assets 272,736 601,749
Total current assets 4,852,191 2,017,022
Goodwill 496,352 496,352
Right to use lease assets 10,444 260,645
Intangible assets, net 1,368,329 1,762,211
Contracts receivable, long term 1,415,856 1,260,371
Other assets 25,230 67,787
TOTAL ASSETS 8,168,402 5,864,388
Current liabilities    
Accounts payable 1,935,411 3,256,888
Accrued interest 47,316 35,292
Accrued and deferred personnel compensation 224,881 244,953
Deferred revenue and customer deposits 606,597 440,309
Related party notes payable, net - current maturities 80,000 140,700
Notes payable, net - current maturities 561,676 540,576
Operating lease liability 58,173 258,343
Other current liabilities 566,303 308,465
Total current liabilities 4,080,357 5,225,526
Non-current liabilities    
Related party notes payable, net - long term   1,000,000
Notes payable, net - long term 1,499,001 567,529
Operating lease liability 13,296 45,460
Other long term liabilities 831,535 740,218
Total non-current liabilities 2,343,832 2,353,207
Total liabilities 6,424,189 7,578,733
Commitments and Contingencies (See Note 13)
Stockholders' equity    
Common stock, $0.001 par value; 100,000,000 shares authorized; 55,410,695 and 51,380,969, shares issued and outstanding 55,411 51,381
Equity payable 100,862 100,862
Additional paid-in capital 101,186,889 94,781,738
Accumulated other comprehensive income (loss) (23,446) 8,780
Accumulated deficit (99,575,503) (96,657,106)
Total stockholders' equity 1,744,213 (1,714,345)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 8,168,402 $ 5,864,388