Balance Sheet

v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash $ 1,572,051 $ 1,941,818
Accounts receivable, net 1,391,447 298,304
Contract assets 347,565 423,793
Prepaid expenses and other current assets 249,162 90,923
Total Current Assets 3,560,225 2,754,838
Property and equipment, net 170,899 65,362
OTHER ASSETS:    
Software Development Costs, net 45,000
Patents and trademarks, net 47,428 45,978
Total Other Assets 92,428 45,978
TOTAL ASSETS 3,823,552 2,866,178
CURRENT LIABILITIES:    
Accounts payable 981,310 812,618
Accounts payable - related parties 13,473 12,598
Notes payable - financing agreements 69,038 49,657
Notes payable - related parties 9,078
Line of credit 31,516 34,513
Payroll taxes payable 200,119 149,448
Accrued expenses 441,091 497,277
Contract liabilities 1,258,159 200,410
Deferred revenue 279,375 438,907
Total Current Liabilities 3,274,081 2,204,506
Notes payable - related party 39,137
Total Liabilities 3,274,081 2,243,643
Commitments and Contingencies (Note 6)
STOCKHOLDERS' EQUITY:    
Preferred stock 2,830,000 2,830,000
Common stock: $0.001 par value; 500,000,000 shares authorized, 21,010,437 and 20,657,850 shares issued, 21,007,157 and 20,654,570 shares outstanding at September 30, 2018 and December 31, 2017, respectively 21,010 20,658
Additional paid-in capital 27,280,249 26,608,823
Total stock & paid-in-capital 30,131,259 29,459,481
Accumulated deficit (29,433,788) (28,688,946)
Sub-total 697,471 770,535
Less: Treasury stock (3,280 shares of common stock) (148,000) (148,000)
Total Stockholders' Equity 549,471 622,535
Total Liabilities and Stockholders' Equity 3,823,552 2,866,178
Series A Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock
Series B Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock $ 2,830,000 $ 2,830,000

Source