Balance Sheet

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash $ 66,841 $ 1,941,818
Accounts receivable, net 1,414,268 298,304
Contract Assets 608,287 423,793
Prepaid expenses and other current assets 187,442 90,923
Total Current Assets 2,276,838 2,754,838
Property and equipment, net 115,761 65,362
OTHER ASSETS:    
Software Development Costs, net 55,000
Patents and trademarks, net 45,621 45,978
Total Other Assets 100,621 45,978
TOTAL ASSETS 2,493,220 2,866,178
CURRENT LIABILITIES:    
Accounts payable 790,182 812,618
Accounts payable - related parties 12,598 12,598
Notes payable - financing agreements 124,770 49,657
Notes payable - related parties 9,078
Line of credit 34,212 34,513
Payroll taxes payable 158,056 149,448
Accrued expenses 353,731 497,277
Contract Liabilities 722,582 200,410
Deferred revenue 343,950 438,907
Total Current Liabilities 2,540,081 2,204,506
Notes payable - related party 39,137
Total Liabilities 2,540,081 2,243,643
Commitments and Contingencies (Note 6)
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred Stock 2,830,000 2,830,000
Common stock: $0.001 par value; 500,000,000 shares authorized 20,710,059 and 20,657,850 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 20,710 20,658
Additional paid-in capital 26,682,479 26,608,823
Total stock & paid-in-capital 26,703,189 26,629,481
Accumulated deficit (29,432,050) (28,688,946)
Sub-total (2,728,861) (2,059,465)
Less: Treasury stock (3,280 shares of common stock) (148,000) (148,000)
Total Stockholders' Equity (Deficit) (46,861) 622,535
Total Liabilities and Stockholders' Equity (Deficit) 2,493,220 2,866,178
Series A Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred Stock
Series B Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred Stock $ 2,830,000 $ 2,830,000

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