v3.21.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash $ 3,969,100 $ 56,249
Accounts receivable, net 1,244,876 2,611,608
Contract assets 102,458 1,375,920
Prepaid expenses and other current assets 486,626 716,598
Total Current Assets 5,803,060 4,760,375
Property and equipment, net 342,180 260,181
Operating lease right of use asset 196,144 430,146
OTHER ASSETS:    
Software development costs, net 20,000
Patents and trademarks, net 64,415 61,598
Total Other Assets 64,415 81,598
TOTAL ASSETS 6,405,799 5,532,300
CURRENT LIABILITIES:    
Accounts payable 599,317 2,641,437
Accounts payable - related parties 7,700 12,791
Notes payable - financing agreements 42,942 42,299
Notes payable - related parties, net of discounts 905,373
Line of credit 27,615
Payroll taxes payable 3,146 115,111
Accrued expenses 1,038,092 393,272
Current portion-equipment financing agreements 89,620 45,072
Current portion-operating lease obligations 202,797 239,688
Current portion-SBA loan 627,465
Contract liabilities 709,553 8,661
Deferred revenue 315,370 936,428
Total Current Liabilities 3,636,002 5,367,747
Equipment financing payable, less current portion 103,184 89,026
Operating lease obligations, less current portion 202,797
SBA loan, less current portion 782,805
Total Liabilities 4,521,991 5,659,570
Commitments and Contingencies (Note 11)
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock: $0.001 par value; 500,000,000 shares authorized, 3,535,339 and 1,982,039 shares issued, 3,534,015 and 1,980,715 shares outstanding at December 31, 2020 and December 31, 2019, respectively 3,536 1,982
Additional paid-in capital 39,820,874 31,063,915
Total stock & paid-in-capital 41,529,410 32,770,897
Accumulated deficit (39,488,150) (32,740,715)
Sub-total 2,041,260 30,182
Less: Treasury stock (1,324 shares of common stock at December 31, 2020 and December 31, 2019) (157,452) (157,452)
Total Stockholders' Equity (Deficit) 1,883,808 (127,270)
Total Liabilities and Stockholders' Equity (Deficit) 6,405,799 5,532,300
Series A Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock: $0.001 par value, 10,000,000 authorized, 9,485,000 shares available to be designated
Series B Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock: $0.001 par value, 10,000,000 authorized, 9,485,000 shares available to be designated $ 1,705,000 $ 1,705,000

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