v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 17,242,102 $ 16,058,714
Accounts receivable, net of allowance of $332,864 and $348,695, respectively 4,332,696 4,377,165
Inventory 752,699 770,248
Income tax receivable 765,160 1,536,682
Prepaid expenses 949,634 1,125,777
Other current assets 162,690 21,536
Total current assets 24,204,981 23,890,122
Property and equipment, net 91,518 98,594
Operating lease right-of-use assets 1,110,721 1,167,903
Assets deployed at client locations, net 432,322 360,735
Goodwill 1,091,000 1,091,000
Other intangible assets, net 13,082,297 13,677,264
Other assets 139,217 167,087
Total assets 40,152,056 40,452,705
Current liabilities:    
Accounts payable 488,235 374,323
Accrued expenses 1,904,179 2,666,073
Revenue contract liability 106,250 37,500
Current portion of operating lease liabilities 223,842 222,806
Current portion of long-term debt 934,433 1,100,369
Total current liabilities 3,656,939 4,401,071
Long-term operating lease liabilities 961,905 1,019,029
Long-term debt and liabilities, net 52,363,551 52,143,810
Deferred tax liabilities, net 6,537 175,218
Total liabilities 56,988,932 57,739,128
Commitments and Contingencies (See Note 8)
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; 23,762,933 and 23,523,969 shares issued and outstanding, respectively 23,763 23,524
Additional paid-in capital 16,885,816 16,380,597
Accumulated deficit (33,557,313) (33,543,351)
Accumulated other comprehensive loss (189,142) (147,193)
Total stockholders’ deficit (16,836,876) (17,286,423)
Total liabilities and stockholders’ deficit $ 40,152,056 $ 40,452,705

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