Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 735,424 $ 3,282,820
Accounts receivable, net of allowance for doubtful accounts of $56,340 and $33,848, respectively 578,303 305,693
Contracts receivable, current   943,904
Other current assets 227,458 272,736
Total current assets 1,541,185 4,805,153
Goodwill 411,183 496,352
Right to use lease assets 1,187,537 57,482
Intangible assets, net 1,124,720 1,368,329
Contracts receivable, long term   1,415,856
Other assets 173,325 25,230
TOTAL ASSETS 4,437,950 8,168,402
Current liabilities    
Accounts payable 3,823,909 1,935,411
Accrued interest 172,239 47,316
Accrued and deferred personnel compensation 495,533 224,881
Deferred revenue and customer deposits 377,170 606,597
Related party notes payable - net current maturities 819,531 80,000
Notes payable, net - current maturities 69,052 561,676
Operating lease liability 229,240 58,173
Other current liabilities 9,071 566,303
Total current liabilities 5,995,745 4,080,357
Non-current liabilities    
Related party notes payable, net - long term 2,498,711 500,000
Notes payable, net - long term 39,086 999,001
Operating lease liability 1,188,589 13,296
Other long term liabilities   831,535
Total non-current liabilities 3,726,386 2,343,832
Total liabilities 9,722,131 6,424,189
Commitments and Contingencies (See Note 13)
Stockholders' equity (deficit)    
Common stock, $0.001 par value; 100,000,000 shares authorized; 55,410,695 and 55,410,695, shares issued and outstanding 55,411 55,411
Equity payable 100,862 100,862
Additional paid-in capital 102,446,921 101,186,889
Accumulated other comprehensive income (loss) (52,088) (23,446)
Accumulated deficit (107,835,287) (99,575,503)
Total stockholders' equity (deficit) (5,284,181) 1,744,213
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 4,437,950 $ 8,168,402