Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 5,779,612 $ 5,993,388
Accounts receivable, net of allowance of $244,242 and $145,000, respectively 4,518,011 2,493,254
Inventory 698,945 668,525
Income tax receivable 1,498,819 1,229,795
Prepaid expenses 655,804 1,167,068
Other current assets 25,315 10,803
Total current assets 13,176,506 11,562,833
Property and equipment, net 115,370 116,724
Operating lease right-of-use assets 1,259,803 1,367,821
Assets deployed at client locations, net 273,509 232,156
Goodwill 1,091,000 1,091,000
Other intangible assets, net 14,834,294 16,086,896
Other assets 257,289 117,164
Total assets 31,007,771 30,574,594
Current liabilities:    
Accounts payable 378,104 467,792
Accrued expenses 1,738,308 1,333,032
Revenue contract liability 75,000 29,167
Current portion of long-term debt 2,760,792 2,222,392
Current portion of operating lease liabilities 217,927 195,411
Total current liabilities 5,170,131 4,247,794
Long-term operating lease liabilities 1,111,258 1,215,680
Long-term liabilities, net 48,006,679 49,691,184
Interest rate swap liability   66,009
Deferred tax liabilities, net 150,892 150,892
Total liabilities 54,438,960 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; 22,180,638 and 21,970,638 shares issued and outstanding, respectively 22,181 21,971
Additional paid-in capital 11,582,910 10,798,536
Accumulated deficit (35,015,971) (35,655,163)
Accumulated other comprehensive (loss) income (20,309) 37,691
Total stockholders’ deficit (23,431,189) (24,796,965)
Total liabilities and stockholders’ deficit $ 31,007,771 $ 30,574,594