v3.22.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 6,268,429 $ 893,720
Accounts receivable, net 321,260 1,738,543
Contract assets 702,372 3,449
Inventory 780,218 298,338
Prepaid expenses and other current assets 718,294 354,613
Total Current Assets 8,790,573 3,288,663
Property and equipment, net 601,824 603,253
Operating lease right of use asset 4,767,219 4,925,765
Security deposit 740,793 600,000
OTHER ASSETS:    
Patents and trademarks, net 76,911 66,482
Software development costs, net 14,583
Total Other Assets 91,494 66,482
TOTAL ASSETS 14,991,903 9,484,163
CURRENT LIABILITIES:    
Accounts payable 1,306,992 1,044,500
Notes payable - financing agreements 166,686 52,503
Accrued expenses 515,477 618,093
Equipment financing payable-current portion 54,373 80,335
Operating lease obligations-current portion 510,028 315,302
Contract liabilities 5,015,450 1,829,311
Total Current Liabilities 7,569,006 3,940,044
Equipment financing payable, less current portion 22,851
Operating lease obligations, less current portion 4,591,541 4,739,783
Total Liabilities 12,160,547 8,702,678
STOCKHOLDERS' EQUITY:    
Common stock:  $0.001 par value; 500,000,000 shares authorized, 6,107,209 and 4,111,047 shares issued, 6,105,885 and 4,109,723 shares outstanding at June 30, 2022 and December 31, 2021, respectively 6,107 4,111
Additional paid-in-capital 51,616,040 43,080,877
Total stock & paid-in-capital 52,473,147 46,435,988
Accumulated deficit (49,484,339) (45,497,051)
Sub-total 2,988,808 938,937
Less:  Treasury stock (1,324 shares of common stock at June 30, 2022 and December 31, 2021) (157,452) (157,452)
Total Stockholders' Equity 2,831,356 781,485
Total Liabilities and Stockholders' Equity 14,991,903 9,484,163
Convertible Series A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued
Convertible Series B Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued 851,000 851,000
Convertible Series C Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued $ 2,500,000

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