Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash $ 208,217 $ 273,599
Accounts receivable, net of allowance for doubtful accounts of $104,581 and $88,071, respectively 973,307 614,726
Contracts receivable, current 943,904 526,948
Right to use lease assets 178,015 0
Other current assets 525,027 601,749
Total current assets 2,828,470 2,017,022
Goodwill 496,352 496,352
Right to use lease assets 33,069 260,645
Intangible assets, net 1,609,853 1,762,211
Contracts receivable, long term 2,123,784 1,260,371
Other assets 66,646 67,787
TOTAL ASSETS 7,158,174 5,864,388
Current liabilities    
Accounts payable 3,623,957 3,256,888
Accrued interest 86,385 35,292
Accrued and deferred personnel compensation 403,918 244,953
Deferred revenue and customer deposits 1,016,680 440,309
Related party notes payable 143,296 140,700
Notes payable, net - current maturities 540,410 540,576
Operating lease liability 205,042 258,343
Other current liabilities 524,666 308,465
Total current liabilities 6,544,354 5,225,526
Non-current liabilities    
Related party notes payable, net - long term 1,200,000 1,000,000
Notes payable, net - long term 438,767 567,529
Operating lease liability 37,244 45,460
Other long term liabilities 1,247,301 740,218
Total non-current liabilities 2,923,312 2,353,207
Total liabilities 9,467,666 7,578,733
Stockholders' equity    
Common stock, $0.001 par value; 100,000,000 shares authorized; 51,615,469 and 51,380,969, shares issued and outstanding 51,616 51,381
Equity payable 100,862 100,862
Additional paid-in capital 95,215,216 94,781,738
Accumulated other comprehensive income (4,301) 8,780
Accumulated deficit (97,672,885) (96,657,106)
Total stockholders' deficit (2,309,492) (1,714,345)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 7,158,174 $ 5,864,388