General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.23.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:      
Cash $ 4,340,947 $ 1,121,092 $ 893,720
Accounts receivable 717,346 3,418,263 1,738,543
Contract assets 1,426,312 425,722 3,449
Inventory 1,529,530 1,428,360 298,338
Prepaid expenses and other current assets 532,381 441,320 354,613
Total Current Assets 8,546,516 6,834,757 3,288,663
Property and equipment, net 579,689 629,490 603,253
Operating lease right of use asset 4,612,830 4,689,931 4,925,765
Security deposit 600,000 600,000 600,000
Software development costs, net 454,280 265,208
Patents and trademarks, net 75,017 69,733 66,482
TOTAL ASSETS 14,868,332 13,089,119 9,484,163
CURRENT LIABILITIES:      
Accounts payable 1,282,184 2,290,390 1,044,500
Notes payable - financing agreements 193,094 74,575 52,503
Accrued expenses 367,652 453,023 618,093
Equipment financing payable-current portion 11,566 22,851 80,335
Operating lease obligations-current portion 764,820 696,869 315,302
Contract liabilities 2,066,861 957,997 1,829,311
Total Current Liabilities 4,686,177 4,495,705 3,940,044
Equipment financing agreement, less current portion 22,851
Operating lease obligations, less current portion 4,466,884 4,542,943 4,739,783
Total Liabilities 9,153,061 9,038,648 8,702,678
Commitments and Contingencies (Note 4)
STOCKHOLDERS' EQUITY:      
Preferred Stock, Value, Issued
Common stock: $0.001 par value; 500,000,000 shares authorized, 7,169,339 and 7,156,876 shares issued, 7,168,015 and 7,155,552 shares outstanding at March 31, 2023 and December 31, 2022, respectively 7,168 7,156 4,111
Additional paid-in-capital 60,371,067 56,562,600 46,431,874
Accumulated deficit (54,505,517) (52,361,834) (45,497,051)
Sub-total 5,872,723 4,207,923 938,937
Less: Treasury stock (1,324 shares of common stock at March 31, 2023 and December 31, 2022) (157,452) (157,452) (157,452)
Total Stockholders’ Equity 5,715,271 4,050,471 781,485
Total Liabilities and Stockholders’ Equity 14,868,332 13,089,119 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 1
Convertible Series E Preferred Stock [Member]      
STOCKHOLDERS' EQUITY:      
Preferred Stock, Value, Issued $ 4