v3.19.3
Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash, cash equivalents and restricted cash $ 8,577,296 $ 6,311,563
Accounts receivable, net of allowance of $82,936 and $54,136, respectively 3,225,242 2,849,861
Inventory, net 689,767 531,814
Income tax receivable 337,292  
Prepaid expense 550,340 510,254
Other current assets 4,541 3,352
Total current assets 13,384,478 10,206,844
Property and equipment, net 137,349 199,585
Operating lease right-of-use assets 101,958  
Assets deployed at client locations, net 419,035 471,562
Goodwill 1,091,000 1,091,000
Other intangible assets, net 7,782,892 8,890,252
Deferred tax assets, net 338,676 334,482
Total assets 23,255,388 21,193,725
Current liabilities:    
Accounts payable 1,014,502 681,936
Accrued expenses 1,285,310 1,295,570
Income taxes payable   82,091
Revenue contract liability 1,294,680 1,438,492
Deferred rent, current portion   14,025
Current portion of long-term debt 1,437,950 1,456,847
Current portion of operating lease liabilities 83,953  
Other current liabilities   21,654
Total current liabilities 5,116,395 4,990,615
Long-term operating lease liabilities 23,074  
Long-term debt, net 46,680,702 8,649,828
Interest rate swap liability 174,621 96,181
Total liabilities 51,994,792 13,736,624
Commitments and Contingencies (See Note 11)
Stockholders’ equity (deficit)    
Preferred stock, 10,000,000 shares authorized, $0.001 par value; 0 shares issued and outstanding, respectively
Common stock, 65,000,000 shares authorized; $0.001 par value; 17,910,344 and 39,921,591 shares issued and outstanding, respectively 17,910 39,922
Additional paid-in capital 5,536,497 4,733,701
Accumulated earnings (deficit) (34,293,811) 2,683,478
Total stockholders’ equity (deficit) (28,739,404) 7,457,101
Total liabilities and stockholders’ equity (deficit) $ 23,255,388 $ 21,193,725

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