v3.24.1.1.u2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 17,487,302 $ 16,691,514
Accounts receivable, net of allowance of $133,870 and $200,192, respectively 4,005,203 4,173,990
Income tax receivable 81,424 80,718
Prepaid expenses 982,591 1,209,813
Total current assets 22,556,520 22,156,035
Property and equipment, net 83,408 98,053
Operating lease right-of-use assets 720,323 785,543
Assets deployed at client locations, net 3,263,887 3,268,294
Goodwill 1,091,000 1,091,000
Other intangible assets, net 12,439,983 12,755,735
Other assets 302,089 321,140
Total assets 40,457,210 40,475,800
Current liabilities:    
Accounts payable 1,027,166 1,002,061
Accrued expenses 2,300,092 2,584,231
Revenue contract liability 507 167,014
Current portion of operating lease liabilities 272,052 268,541
Current portion of long-term debt 760,158 854,120
Total current liabilities 4,359,975 4,875,967
Long-term operating lease liabilities 513,235 585,879
Long-term debt and liabilities, net 53,427,484 53,196,585
Deferred tax liabilities, net 55,981 60,790
Total liabilities 58,356,675 58,719,221
Commitments and Contingencies (See Note 7)
Stockholders’ deficit    
Preferred stock, 10,000,000 shares authorized; $0.001 par value; 0 shares issued and outstanding
Common stock, 65,000,000 shares authorized; $0.001 par value; 24,910,682 and 24,845,439 shares issued and outstanding, respectively 24,911 24,846
Additional paid-in capital 19,138,278 18,972,901
Accumulated deficit (36,915,218) (37,124,126)
Accumulated other comprehensive loss (147,436) (117,042)
Total stockholders’ deficit (17,899,465) (18,243,421)
Total liabilities and stockholders’ deficit $ 40,457,210 $ 40,475,800

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