v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 17,899,185 $ 16,691,514
Accounts receivable, net of allowance of $150,589 and $200,192, respectively 5,643,349 4,173,990
Income tax receivable 83,755 80,718
Prepaid expenses 1,205,230 1,209,813
Total current assets 24,831,519 22,156,035
Property and equipment, net 25,254 98,053
Operating lease right-of-use assets 596,305 785,543
Assets deployed at client locations, net 3,302,683 3,268,294
Goodwill 1,091,000 1,091,000
Other intangible assets, net 11,852,986 12,755,735
Other assets 267,374 321,140
Total assets 41,967,121 40,475,800
Current liabilities:    
Accounts payable 3,229,275 1,002,061
Accrued expenses 2,623,995 2,584,231
Revenue contract liability 335 167,014
Current portion of operating lease liabilities 281,588 268,541
Current portion of long-term debt 930,371 854,120
Total current liabilities 7,065,564 4,875,967
Long-term operating lease liabilities 371,854 585,879
Long-term debt and liabilities, net 53,889,284 53,196,585
Deferred tax liabilities, net 21,402 60,790
Total liabilities 61,348,104 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; 24,999,503 and 24,845,439 shares issued and outstanding, respectively 25,000 24,846
Additional paid-in capital 19,569,152 18,972,901
Accumulated deficit (38,870,435) (37,124,126)
Accumulated other comprehensive loss (104,700) (117,042)
Total stockholders’ deficit (19,380,983) (18,243,421)
Total liabilities and stockholders’ deficit $ 41,967,121 $ 40,475,800

Source

PDF HTML
10-Q Filing
ZIP XLS HTML
XBRL