v3.20.2
Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 9,641,392 $ 9,686,698
Accounts receivable, net of allowance of $125,973 and $77,433, respectively 1,013,548 3,099,586
Inventory, net 725,297 665,654
Income tax receivable 272,347 260,347
Prepaid expense and other current assets 875,497 761,650
Total current assets 12,528,081 14,473,935
Property and equipment, net 122,073 144,909
Operating lease right-of-use assets 168,559 306,859
Assets deployed at client locations, net 307,583 405,522
Goodwill 1,091,000 1,091,000
Other intangible assets, net 6,674,225 7,430,643
Deferred tax assets, net 1,025,798 399,283
Total assets 21,917,319 24,252,151
Current liabilities:    
Accounts payable 1,199,450 766,305
Accrued expenses 411,291 1,450,879
Revenue contract liability 371,256 1,294,265
Current portion of long-term debt 2,564,812 1,634,527
Current portion of operating lease liabilities 151,330 276,963
Total current liabilities 4,698,139 5,422,939
Long-term operating lease liabilities 17,650 30,325
Long-term liabilities, net 46,377,926 46,291,014
Interest rate swap liability 174,175 140,495
Total liabilities 51,267,890 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; 18,336,277 and 18,017,944 shares issued and outstanding, respectively 18,336 18,018
Additional paid-in capital 6,167,346 5,795,636
Accumulated deficit (35,536,253) (33,446,276)
Total stockholders’ deficit (29,350,571) (27,632,622)
Total liabilities and stockholders’ deficit $ 21,917,319 $ 24,252,151

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