Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
 CURRENT ASSETS:    
 Cash $ 2,441,842 $ 1,121,092
 Accounts receivable, net 1,462,463 3,418,263
 Contract assets 641,947 425,722
 Inventory 1,526,165 1,428,360
 Prepaid expenses and other current assets 184,478 441,320
 Total Current Assets 6,256,895 6,834,757
 Property and equipment, net 726,507 629,490
 Operating lease right of use asset 4,373,155 4,689,931
 Security deposit 550,000 600,000
 OTHER ASSETS:    
 Note Receivable, net 153,750
 Patents and trademarks, net 129,140 69,733
 Software development costs, net 652,838 265,208
 Total Other Assets 935,728 334,941
 TOTAL ASSETS 12,842,285 13,089,119
 CURRENT LIABILITIES:    
 Accounts payable 595,634 2,290,390
 Notes payable - financing agreements 41,976 74,575
 Accrued expenses 164,113 453,023
 Equipment financing payable-current portion 22,851
 Operating lease obligations-current portion 779,087 696,869
 Contract liabilities 1,666,243 957,997
 Total Current Liabilities 3,247,053 4,495,705
 Operating lease obligations, less current portion 4,228,718 4,542,943
 Total Liabilities 7,475,771 9,038,648
 Commitments and Contingencies (Note 10)
 STOCKHOLDERS' EQUITY:    
 Common stock: $0.001 par value; 500,000,000 shares authorized, 7,306,663 and 7,156,876 shares issued, 7,305,339 and 7,155,552  shares outstanding at December 31, 2023 and December 31, 2022, respectively 7,306 7,156
 Additional paid-in-capital 69,120,199 56,562,600
 Accumulated deficit (63,603,552) (52,361,834)
 Sub-total 5,523,966 4,207,923
 Less:  Treasury stock (1,324 shares of common stock at December 31, 2023 and December 31, 2022) (157,452) (157,452)
 Total Stockholders' Equity 5,366,514 4,050,471
 Total Liabilities and Stockholders' Equity 12,842,285 13,089,119
Convertible Series A Preferred Stock [Member]    
 STOCKHOLDERS' EQUITY:    
Preferred stock, value
Convertible Series B Preferred Stock [Member]    
 STOCKHOLDERS' EQUITY:    
Preferred stock, value
Convertible Series C Preferred Stock [Member]    
 STOCKHOLDERS' EQUITY:    
Preferred stock, value
Convertible Series D Preferred Stock [Member]    
 STOCKHOLDERS' EQUITY:    
Preferred stock, value 1 1
Convertible Series E Preferred Stock [Member]    
 STOCKHOLDERS' EQUITY:    
Preferred stock, value 12
Convertible Series F Preferred Stock [Member]    
 STOCKHOLDERS' EQUITY:    
Preferred stock, value