Balance Sheet

v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash $ 1,209,301 $ 1,941,818
Accounts receivable, net 1,538,793 298,304
Contract assets 1,208,604 423,793
Prepaid expenses and other current assets 235,198 90,923
Total Current Assets 4,191,896 2,754,838
Property and equipment, net 204,226 65,362
OTHER ASSETS:    
Software Development Costs, net 40,000
Patents and trademarks, net 53,871 45,978
Total Other Assets 93,871 45,978
TOTAL ASSETS 4,489,993 2,866,178
CURRENT LIABILITIES:    
Accounts payable 1,416,716 812,618
Accounts payable - related parties 13,473 12,598
Notes payable - financing agreements 48,330 49,657
Notes payable - related parties 9,078
Line of credit 31,201 34,513
Payroll taxes payable 317,573 149,448
Accrued expenses 222,328 497,277
Contract liabilities 2,248,829 200,410
Deferred revenue 362,528 438,907
Total Current Liabilities 4,660,978 2,204,506
Notes payable - related party 39,137
Total Liabilities 4,660,978 2,243,643
Commitments and Contingencies (Note 11)
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock: $0.001 par value, 10,000,000 authorized, 9,485,000 shares available to be designated
Common stock: $0.001 par value; 500,000,000 shares authorized, 21,082,351 and 20,657,850 shares issued, 21,075,958 and 20,654,570 shares outstanding at December 31, 2018 and December 31, 2017, respectively 21,082 20,658
Additional paid-in capital 27,397,225 26,608,823
Total stock & paid-in-capital 30,248,307 29,459,481
Accumulated deficit (30,269,833) (28,688,946)
Sub-total (21,526) 770,535
Less: Treasury stock (6,393 and 3,280 shares of common stock at December 31, 2018 and 2017, respectively) (149,459) (148,000)
Total Stockholders' Equity (Deficit) (170,985) 622,535
Total Liabilities and Stockholders' Equity (Deficit) 4,489,993 2,866,178
Series A Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock: $0.001 par value, 10,000,000 authorized, 9,485,000 shares available to be designated
Series B Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock: $0.001 par value, 10,000,000 authorized, 9,485,000 shares available to be designated $ 2,830,000 $ 2,830,000

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