v3.22.2.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 4,965,466 $ 893,720
Accounts receivable, net 2,234,283 1,738,543
Contract assets 824,387 3,449
Inventory 694,125 298,338
Prepaid expenses and other current assets 651,010 354,613
Total Current Assets 9,369,271 3,288,663
Property and equipment, net 695,800 603,253
Operating lease right of use asset 4,726,975 4,925,765
Security deposit 600,000 600,000
OTHER ASSETS:    
Patents and trademarks, net 78,872 66,482
Software development costs, net 85,756
Total Other Assets 164,628 66,482
TOTAL ASSETS 15,556,674 9,484,163
CURRENT LIABILITIES:    
Accounts payable 1,649,629 1,044,500
Notes payable - financing agreements 102,256 52,503
Accrued expenses 481,913 618,093
Equipment financing payable-current portion 33,860 80,335
Operating lease obligations-current portion 497,694 315,302
Contract liabilities 3,880,422 1,829,311
Total Current Liabilities 6,645,774 3,940,044
Equipment financing payable, less current portion 22,851
Operating lease obligations, less current portion 4,618,058 4,739,783
Total Liabilities 11,263,832 8,702,678
STOCKHOLDERS' EQUITY:    
Common stock:  $0.001 par value; 500,000,000 shares authorized, 7,058,198 and 4,111,047 shares issued, 7,056,874 and 4,109,723 shares outstanding at September 30, 2022 and December 31, 2021, respectively 7,057 4,111
Additional paid-in-capital 55,852,643 46,431,874
Total stock & paid-in-capital 55,859,701 46,435,988
Accumulated deficit (51,409,407) (45,497,051)
Sub-total 4,450,294 938,937
Less:  Treasury stock (1,324 shares of common stock at September 30, 2022 and December 31, 2021) (157,452) (157,452)
Total Stockholders' Equity 4,292,842 781,485
Total Liabilities and Stockholders' Equity 15,556,674 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 1
Convertible Series C Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued 2
Convertible Series D Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued $ 1

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