Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash, cash equivalents and restricted cash $ 3,395,590 $ 3,581,209
Accounts receivable, net of allowance of $37,993 and $32,993, respectively 2,557,016 2,301,752
Inventory, net 573,138 524,126
Prepaid expense and other 305,677 363,102
Total current assets 6,831,421 6,770,189
Property and equipment, net 263,050 263,867
Assets deployed at client locations, net 371,871 373,650
Goodwill and other intangible assets, net 11,077,077 11,452,809
Deferred tax assets, net 230,648 230,648
Other assets, net 23,000 23,000
Total assets 18,797,067 19,114,163
Current liabilities:    
Accounts payable 412,734 1,035,383
Accrued expenses 582,700 887,796
Income taxes payable 640,766 519,610
Revenue contract liability 1,109,553 1,083,639
Deferred rent, current portion 25,865 23,679
Current portion of long-term debt and capital lease obligations 1,169,217 1,195,787
Other current liabilities 126,905 123,441
Total current liabilities 4,067,740 4,869,335
Deferred rent, net 7,012 14,025
Capital lease obligations, net 5,734 14,217
Common stock warrant liability 1,333,333 1,333,333
Long-term debt, net 7,217,104 7,420,385
Total liabilities 12,630,923 13,651,295
Commitments and Contingencies (See Note 11)
Stockholders’ equity    
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; 39,804,591 and 39,565,591 shares issued and outstanding, respectively 39,805 39,566
Additional paid-in capital 4,123,942 3,957,703
Accumulated earnings 2,002,397 1,465,599
Total stockholders’ equity 6,166,144 5,462,868
Total liabilities and stockholders’ equity $ 18,797,067 $ 19,114,163