v3.21.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 4,822,945 $ 3,969,100
Accounts receivable, net 239,616 1,244,876
Contract assets 152,789 102,458
Prepaid expenses and other current assets 741,897 486,626
Total Current Assets 5,957,247 5,803,060
Property and equipment, net 357,974 342,180
Operating lease right of use asset 89,468 196,144
OTHER ASSETS:    
Patents and trademarks, net 69,166 64,415
Total Other Assets 69,166 64,415
TOTAL ASSETS 6,473,855 6,405,799
CURRENT LIABILITIES:    
Accounts payable 529,679 599,317
Accounts payable - related parties 7,700 7,700
Notes payable - financing agreements 154,631 42,942
Payroll taxes payable 0 3,146
Accrued expenses 1,093,123 1,038,092
Current portion - equipment financing agreements 94,904 89,620
Current portion-operating lease obligations 91,954 202,797
Current portion-PPP loan 627,465
Contract liabilities 171,281 709,553
Deferred revenue 1,098,142 315,370
Total Current Liabilities 3,241,414 3,636,002
Equipment financing payable, less current portion 54,373 103,184
PPP loan, less current portion 782,805
Total Liabilities 3,295,787 4,521,991
STOCKHOLDERS' EQUITY:    
Common stock:  $0.001 par value; 500,000,000 shares authorized, 3,585,927 and 3,535,339 shares issued, 3,584,603 and 3,534,015 shares outstanding at June 30, 2021 and December 31, 2020, respectively 3,586 3,536
Additional paid-in capital 39,973,987 39,820,874
Total stock & paid-in-capital 46,182,573 41,529,410
Accumulated deficit (42,847,053) (39,488,150)
Sub-total 3,335,520 2,041,260
Less:  Treasury stock (1,324 shares of common stock at June 30, 2021 and December 31, 2020) (157,452) (157,452)
Total Stockholders' Equity 3,178,068 1,883,808
Total Liabilities and Stockholders' Equity 6,473,855 6,405,799
Convertible Series A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value
Convertible Series B Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value 1,705,000 1,705,000
Convertible Series C Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value $ 4,500,000

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