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

CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.21.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:      
Cash $ 7,071,913 $ 3,969,100 $ 56,249
Accounts receivable, net 1,390,152 1,244,876 2,611,608
Contract assets 37,566 102,458 1,375,920
Prepaid expenses and other current assets 694,702 486,626 716,598
Total Current Assets 9,194,333 5,803,060 4,760,375
Property and equipment, net 321,143 342,180 260,181
Operating lease right of use asset 154,023 196,144 430,146
OTHER ASSETS:      
Software development costs, net   20,000
Patents and trademarks, net 70,508 64,415 61,598
Total Other Assets 70,508 64,415 81,598
TOTAL ASSETS 9,740,007 6,405,799 5,532,300
CURRENT LIABILITIES:      
Accounts payable 689,649 599,317 2,641,437
Accounts payable - related parties 7,700 7,700 12,791
Notes payable - financing agreements 237,390 42,942 42,299
Notes payable - related parties, net of discounts   905,373
Line of credit   27,615
Payroll taxes payable 3,146 3,146 115,111
Accrued expenses 984,174 1,038,092 393,272
Current portion-equipment financing agreements 92,224 89,620 45,072
Current portion-operating lease obligations 158,556 202,797 239,688
Current portion-SBA loan 627,465
Contract liabilities 166,033 709,553 8,661
Deferred revenue 1,267,921 315,370 936,428
Total Current Liabilities 3,606,793 3,636,002 5,367,747
Equipment financing payable, less current portion 79,128 103,184 89,026
Operating lease obligations, less current portion   202,797
SBA loan, less current portion 782,805
Total Liabilities 3,685,921 4,521,991 5,659,570
Commitments and Contingencies (Note 11)  
STOCKHOLDERS' EQUITY (DEFICIT):      
Common stock: $0.001 par value; 500,000,000 shares authorized, 3,535,339 shares issued, 3,534,015 shares outstanding at March 31, 2021 and December 31, 2020, respectively 3,536 3,536 1,982
Additional paid-in capital 39,897,175 39,820,874 31,063,915
Total stock & paid-in-capital 46,105,711 41,529,410 32,770,897
Accumulated deficit (39,894,173) (39,488,150) (32,740,715)
Sub-total 6,211,538 2,041,260 30,182
Less: Treasury stock (1,324 shares of common stock at March 31, 2021 and December 31, 2020 (157,452) (157,452) (157,452)
Total Stockholders' Equity (Deficit) 6,054,086 1,883,808 (127,270)
Total Liabilities and Stockholders' Equity (Deficit) 9,740,007 6,405,799 5,532,300
Series A Convertible Preferred Stock [Member]      
STOCKHOLDERS' EQUITY (DEFICIT):      
Preferred stock: $0.001 par value, 10,000,000 authorized, 9,480,000 shares available to be designated
Series B Convertible Preferred Stock [Member]      
STOCKHOLDERS' EQUITY (DEFICIT):      
Preferred stock: $0.001 par value, 10,000,000 authorized, 9,480,000 shares available to be designated 1,705,000 1,705,000 $ 1,705,000
Series C Convertible Preferred Stock [Member]      
STOCKHOLDERS' EQUITY (DEFICIT):      
Preferred stock: $0.001 par value, 10,000,000 authorized, 9,480,000 shares available to be designated $ 4,500,000