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

CONSOLIDATED BALANCE SHEETS

v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash $ 893,720 $ 3,969,100
Accounts receivable, net 1,738,543 1,244,876
Contract assets 3,449 102,458
Inventory 298,338 112,423
Prepaid expenses and other current assets 354,613 374,203
Total Current Assets 3,288,663 5,803,060
Property and equipment, net 603,253 342,180
Operating lease right of use asset 4,925,765 196,144
Security deposit 600,000
OTHER ASSETS:    
Patents and trademarks, net 66,482 64,415
Total Other Assets 66,482 64,415
TOTAL ASSETS 9,484,163 6,405,799
CURRENT LIABILITIES:    
Accounts payable 1,044,500 599,317
Accounts payable - related parties 7,700
Notes payable - financing agreements 52,503 42,942
Payroll taxes payable 0 3,146
Accrued expenses 618,093 1,038,092
Equipment financing agreements-current portion 80,335 89,620
Operating lease obligations-current portion 315,302 202,797
PPP loan-current portion 627,465
Contract liabilities 1,232,638 709,553
Deferred revenue 596,673 315,370
Total Current Liabilities 3,940,044 3,636,002
Equipment financing payable, less current portion 22,851 103,184
Lease obligations, less current portion 4,739,783
PPP loan, less current portion 782,805
Total Liabilities 8,702,678 4,521,991
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued  
Common stock: $0.001 par value; 500,000,000 shares authorized, 4,111,047 and 3,535,339 shares issued, 4,109,723 and 3,534,015 shares outstanding at December 31, 2021 and December 31, 2020, respectively 4,111 3,536
Additional paid-in-capital 43,080,877 39,820,874
Total stock & paid-in-capital 46,435,988 41,529,410
Accumulated deficit (45,497,051) (39,488,150)
Sub-total 938,937 2,041,260
Less: Treasury stock (1,324 shares of common stock at December 31, 2021 and December 31, 2020) (157,452) (157,452)
Total Stockholders' Equity 781,485 1,883,808
Total Liabilities and Stockholders' Equity 9,484,163 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 851,000 1,705,000
Convertible Series C Preferred Stock [Member]    
STOCKHOLDERS' EQUITY:    
Preferred Stock, Value, Issued $ 2,500,000