v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 7,401,870 $ 5,993,388
Accounts receivable, net of allowance of $244,810 and $145,000, respectively 4,767,656 2,493,254
Inventory 748,237 668,525
Income tax receivable 1,540,950 1,229,795
Prepaid expenses 631,772 1,167,068
Other current assets 148,535 10,803
Total current assets 15,239,020 11,562,833
Property and equipment, net 117,005 116,724
Operating lease right-of-use assets 1,225,692 1,367,821
Assets deployed at client locations, net 301,206 232,156
Goodwill 1,091,000 1,091,000
Other intangible assets, net 14,180,964 16,086,896
Other assets 229,793 117,164
Total assets 32,384,680 30,574,594
Current liabilities:    
Accounts payable 405,789 467,792
Accrued expenses 2,501,084 1,333,032
Revenue contract liability 43,750 29,167
Current portion of long-term debt 2,607,913 2,222,392
Current portion of operating lease liabilities 222,968 195,411
Total current liabilities 5,781,504 4,247,794
Long-term operating lease liabilities 1,075,560 1,215,680
Long-term liabilities, net 47,607,272 49,691,184
Interest rate swap liability   66,009
Deferred tax liabilities, net 150,892 150,892
Total liabilities 54,615,228 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; 22,299,804 and 21,970,638 shares issued and outstanding, respectively 22,300 21,971
Additional paid-in capital 11,990,912 10,798,536
Accumulated deficit (34,141,735) (35,655,163)
Accumulated other comprehensive (loss) income (102,025) 37,691
Total stockholders’ deficit (22,230,548) (24,796,965)
Total liabilities and stockholders’ deficit $ 32,384,680 $ 30,574,594

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