v3.20.2
Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 2,668,906 $ 9,686,698
Accounts receivable, net of allowance of $129,587 and $77,433, respectively 2,183,744 3,099,586
Inventory, net 761,345 665,654
Income tax receivable 350,244 260,347
Prepaid expense and other current assets 704,557 761,650
Total current assets 6,668,796 14,473,935
Property and equipment, net 116,152 144,909
Operating lease right-of-use assets 1,482,534 306,859
Assets deployed at client locations, net 258,856 405,522
Goodwill 1,091,000 1,091,000
Other intangible assets, net 16,610,045 7,430,643
Deferred tax assets, net 892,090 399,283
Other assets, net 27,305  
Total assets 27,146,778 24,252,151
Current liabilities:    
Accounts payable 2,099,180 766,305
Accrued expenses 844,146 1,450,879
Revenue contract liability 587,094 1,294,265
Current portion of long-term debt 2,530,149 1,634,527
Current portion of operating lease liabilities 197,067 276,963
Total current liabilities 6,257,636 5,422,939
Long-term operating lease liabilities 1,266,215 30,325
Long-term liabilities, net 45,991,154 46,291,014
Interest rate swap liability 118,846 140,495
Total liabilities 53,633,851 51,884,773
Commitments and Contingencies (See Note 11)
Stockholders’ equity (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; 21,582,638 and 18,017,944 shares issued and outstanding, respectively 21,582 18,018
Additional paid-in capital 10,344,181 5,795,636
Accumulated deficit (36,833,752) (33,446,276)
Accumulated other comprehensive loss (19,084)  
Total stockholders’ deficit (26,487,073) (27,632,622)
Total liabilities and stockholders’ deficit $ 27,146,778 $ 24,252,151

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