Balance Sheet

v3.19.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash $ 280,684 $ 1,209,301
Accounts receivable, net 1,841,778 1,538,793
Contract assets 304,061 1,208,604
Prepaid expenses and other current assets 366,591 235,198
Total Current Assets 2,793,114 4,191,896
Property and equipment, net 353,134 204,226
Operating lease right of use asset 565,926
OTHER ASSETS:    
Software Development Costs, net 30,000 40,000
Patents and trademarks, net 54,187 53,871
Total Other Assets 84,187 93,871
TOTAL ASSETS 3,796,361 4,489,993
CURRENT LIABILITIES:    
Accounts payable 897,246 1,416,716
Accounts payable - related parties 13,473 13,473
Notes payable - financing agreements 125,029 48,330
Line of credit 28,704 31,201
Payroll taxes payable 120,964 317,573
Accrued expenses 237,999 222,328
Current portion-operating lease obligations 237,470
Contract liabilities 1,078,633 2,248,829
Deferred revenue 597,516 362,528
Total Current Liabilities 3,337,034 4,660,978
Operating lease obligations 354,932
Total Liabilities 3,691,966 4,660,978
Commitments and Contingencies (Note 6)
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock: $0.001 par value; 500,000,000 shares authorized, 25,155,224 and 21,082,351 shares issued, 25,147,231 and 21,075,958 shares outstanding at June 30, 2019 and December 31, 2018, respectively 25,155 21,082
Additional paid-in capital 29,575,305 27,397,225
Total stock & paid-in-capital 32,430,460 30,248,307
Accumulated deficit (32,175,455) (30,269,833)
Sub-total 255,005 (21,526)
Less: Treasury stock (7,992 and 6,393 shares of common stock at June 30, 2019 and December 31, 2018, respectively) (150,610) (149,459)
Total Stockholders' Equity (Deficit) 104,395 (170,985)
Total Liabilities and Stockholders' Equity (Deficit) 3,796,361 4,489,993
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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