Balance Sheet

v3.19.3
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash $ 767,339 $ 1,209,301
Accounts receivable, net 1,413,983 1,538,793
Contract assets 1,586,138 1,208,604
Prepaid expenses and other current assets 258,596 235,198
Total Current Assets 4,026,056 4,191,896
Property and equipment, net 323,111 204,226
Operating lease right of use asset 509,958
OTHER ASSETS:    
Software Development Costs, net 25,000 40,000
Patents and trademarks, net 61,440 53,871
Total Other Assets 86,440 93,871
TOTAL ASSETS 4,945,565 4,489,993
CURRENT LIABILITIES:    
Accounts payable 1,859,249 1,416,716
Accounts payable - related parties 12,791 13,473
Notes payable - financing agreements 58,947 48,330
Notes payable - related parties, net of discounts 856,372
Notes payable, net of discounts 256,250
Line of credit 28,512 31,201
Payroll taxes payable 122,453 317,573
Accrued expenses 250,132 222,328
Current portion-finance lease payable 43,669
Current portion-operating lease obligations 241,000
Contract liabilities 1,107,742 2,248,829
Deferred revenue 489,062 362,528
Total Current Liabilities 5,326,179 4,660,978
Finance lease payable 48,408  
Operating lease obligations 293,415
Total Liabilities 5,668,002 4,660,978
Commitments and Contingencies (Note 6)
STOCKHOLDERS' DEFICIT:    
Common stock: $0.001 par value; 500,000,000 shares authorized, 26,964,988 and 21,082,351 shares issued, 26,946,459 and 21,075,958 shares outstanding at September 30, 2019 and December 31, 2018, respectively 26,965 21,082
Additional paid-in capital 30,647,574 27,397,225
Total stock & paid-in-capital 32,754,539 30,248,307
Accumulated deficit (33,319,524) (30,269,833)
Sub-total (564,985) (21,526)
Less: Treasury stock (18,529 and 6,393 shares of common stock at September 30, 2019 and December 31, 2018, respectively) (157,452) (149,459)
Total Stockholders' Deficit (722,437) (170,985)
Total Liabilities and Stockholders' Deficit 4,945,565 4,489,993
Series A Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock
Series B Convertible Preferred Stock [Member]    
STOCKHOLDERS' DEFICIT:    
Preferred stock $ 2,080,000 $ 2,830,000

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