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

CONSOLIDATED BALANCE SHEETS

v3.23.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
 CURRENT ASSETS:      
 Cash $ 3,266,916 $ 1,121,092 $ 893,720
 Accounts receivable, net 258,874 3,418,263 1,738,543
 Contract assets 1,346,731 425,722 3,449
 Inventory 1,525,913 1,428,360 298,338
 Prepaid expenses and other current assets 355,978 441,320 354,613
 Total Current Assets 6,754,412 6,834,757 3,288,663
 Property and equipment, net 555,485 629,490 603,253
 Operating lease right of use asset 4,454,714 4,689,931 4,925,765
 Security deposit 550,000 600,000 600,000
 Software development costs, net 793,618 265,208
 OTHER ASSETS:      
 Note receivable, net 151,875  
 Patents and trademarks, net 121,051 69,733 66,482
 Total Other Assets 1,066,544 334,941  
 TOTAL ASSETS 13,381,155 13,089,119 9,484,163
 CURRENT LIABILITIES:      
 Accounts payable 619,765 2,290,390 1,044,500
 Notes payable - financing agreements 137,816 74,575 52,503
 Accrued expenses 275,277 453,023 618,093
 Equipment financing payable-current portion 22,851 80,335
 Operating lease obligations-current portion 774,306 696,869 315,302
 Contract liabilities 1,588,928 957,997 1,829,311
 Total Current Liabilities 3,396,092 4,495,705 3,940,044
Equipment financing agreement, less current portion   22,851
 Operating lease obligations, less current portion 4,310,853 4,542,943 4,739,783
 Total Liabilities 7,706,945 9,038,648 8,702,678
 Commitments and Contingencies (Note 4)
 STOCKHOLDERS' EQUITY:      
Preferred stock, value
Common stock: $0.001 par value; 500,000,000 shares authorized, 7,248,455 and 7,156,856 shares issued, 7,247,131 and 7,155,552 shares outstanding at September 30, 2023 and December 31, 2022, respectively 7,248 7,156 4,111
 Additional paid-in-capital 66,267,057 56,562,600 46,431,874
 Accumulated deficit (60,442,653) (52,361,834) (45,497,051)
 Sub-total 5,831,662 4,207,923 938,937
Less:  Treasury stock (1,324 shares of common stock at September 30, 2023 and December 31, 2022) (157,452) (157,452) (157,452)
 Total Stockholders' Equity 5,674,210 4,050,471 781,485
 Total Liabilities and Stockholders' Equity 13,381,155 13,089,119 9,484,163
Convertible Series A Preferred Stock [Member]      
 STOCKHOLDERS' EQUITY:      
Preferred stock, value
Convertible Series B Preferred Stock [Member]      
 STOCKHOLDERS' EQUITY:      
Preferred stock, value 1
Convertible Series C Preferred Stock [Member]      
 STOCKHOLDERS' EQUITY:      
Preferred stock, value 2
Convertible Series D Preferred Stock [Member]      
 STOCKHOLDERS' EQUITY:      
Preferred stock, value 1 1
Convertible Series E Preferred Stock [Member]      
 STOCKHOLDERS' EQUITY:      
Preferred stock, value 4  
Convertible Series F Preferred Stock [Member]      
 STOCKHOLDERS' EQUITY:      
Preferred stock, value $ 5