v3.21.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 2,257,971 $ 3,969,100
Accounts receivable, net 384,654 1,244,876
Contract assets 249,870 102,458
Prepaid expenses and other current assets 644,878 486,626
Total Current Assets 3,537,373 5,803,060
Property and equipment, net 368,327 342,180
Operating lease right of use asset, net 22,930 196,144
Security deposit 600,000
OTHER ASSETS:    
Patents and trademarks, net 67,824 64,415
Total Other Assets 67,824 64,415
TOTAL ASSETS 4,596,454 6,405,799
CURRENT LIABILITIES:    
Accounts payable 978,170 599,317
Accounts payable - related parties 7,700
Notes payable - financing agreements 54,953 42,942
Payroll taxes payable 0 3,146
Accrued expenses 1,191,567 1,038,092
Current portion - equipment financing agreements 92,700 89,620
Current portion - operating lease obligations 23,333 202,797
Current portion - PPP loan 627,465
Contract liabilities 449,496 709,553
Deferred revenue 907,154 315,370
Total Current Liabilities 3,697,373 3,636,002
Equipment financing payable, less current portion 33,860 103,184
PPP loan, less current portion 782,805
Total Liabilities 3,731,233 4,521,991
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued
Common stock:  $0.001 par value; 500,000,000 shares authorized, 3,612,125 and 3,535,339 shares issued, 3,610,801 and 3,534,015 shares outstanding at September 30, 2021 and December 31, 2020, respectively 3,612 3,536
Additional paid-in-capital 40,111,551 39,820,874
Total stock & paid-in-capital 46,320,163 41,529,410
Accumulated deficit (45,297,490) (39,488,150)
Sub-total 1,022,673 2,041,260
Less:  Treasury stock (1,324 shares of common stock at September 30, 2021 and December 31, 2020) (157,452) (157,452)
Total Stockholders' Equity 865,221 1,883,808
Total Liabilities and Stockholders' Equity 4,596,454 6,405,799
Convertible Series A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued
Convertible Series B Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued 1,705,000 1,705,000
Convertible Series C Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued $ 4,500,000

Source