v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 6,081,421 $ 5,993,388
Accounts receivable, net of allowance of $199,599 and $145,000, respectively 3,516,122 2,493,254
Inventory 708,686 668,525
Income tax receivable 1,272,611 1,229,795
Prepaid expenses 892,829 1,167,068
Other current assets 149,716 10,803
Total current assets 12,621,385 11,562,833
Property and equipment, net 125,160 116,724
Operating lease right-of-use assets 1,311,349 1,367,821
Assets deployed at client locations, net 217,379 232,156
Goodwill 1,091,000 1,091,000
Other intangible assets, net 15,487,625 16,086,896
Other assets 261,235 117,164
Total assets 31,115,133 30,574,594
Current liabilities:    
Accounts payable 451,946 467,792
Accrued expenses 2,162,033 1,333,032
Revenue contract liability 106,250 29,167
Current portion of long-term debt 1,913,355 2,222,392
Current portion of operating lease liabilities 213,531 195,411
Total current liabilities 4,847,115 4,247,794
Long-term operating lease liabilities 1,163,743 1,215,680
Long-term liabilities, net 49,396,992 49,691,184
Interest rate swap liability 16,187 66,009
Deferred tax liabilities, net 150,892 150,892
Total liabilities 55,574,929 55,371,559
Commitments and Contingencies (See Note 11)
Stockholders’ 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; 22,075,638 and 21,970,638 shares issued and outstanding, respectively 22,076 21,971
Additional paid-in capital 11,126,070 10,798,536
Accumulated deficit (35,566,426) (35,655,163)
Accumulated other comprehensive (loss) income (41,516) 37,691
Total stockholders’ deficit (24,459,796) (24,796,965)
Total liabilities and stockholders’ deficit $ 31,115,133 $ 30,574,594

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