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, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 17,249,631 $ 16,058,714
Accounts receivable, net of allowance of $333,978 and $348,695, respectively 4,661,439 4,377,165
Inventory 883,575 770,248
Income tax receivable 766,225 1,536,682
Prepaid expenses 971,559 1,125,777
Other current assets 8,575 21,536
Total current assets 24,541,004 23,890,122
Property and equipment, net 90,579 98,594
Operating lease right-of-use assets 1,118,888 1,167,903
Assets deployed at client locations, net 426,717 360,735
Goodwill 1,091,000 1,091,000
Other intangible assets, net 12,543,802 13,677,264
Other assets 258,879 167,087
Total assets 40,070,869 40,452,705
Current liabilities:    
Accounts payable 527,871 374,323
Accrued expenses 3,014,122 2,666,073
Revenue contract liability 75,000 37,500
Current portion of operating lease liabilities 237,915 222,806
Current portion of long-term debt 767,645 1,100,369
Total current liabilities 4,622,553 4,401,071
Long-term operating lease liabilities 957,095 1,019,029
Long-term debt and liabilities, net 52,585,791 52,143,810
Deferred tax liabilities, net 201,944 175,218
Total liabilities 58,367,383 57,739,128
Commitments and Contingencies (See Note 8)
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; 24,116,083 and 23,523,969 shares issued and outstanding, respectively 24,116 23,524
Additional paid-in capital 16,655,051 16,380,597
Accumulated deficit (34,672,954) (33,543,351)
Accumulated other comprehensive loss (302,727) (147,193)
Total stockholders’ deficit (18,296,514) (17,286,423)
Total liabilities and stockholders’ deficit $ 40,070,869 $ 40,452,705