Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash, cash equivalents and restricted cash $ 3,708,353 $ 3,581,209
Accounts receivable, net of allowance of $78,706 and $32,993, respectively 2,633,027 2,301,752
Inventory, net 559,086 524,126
Income tax receivable 186,406  
Prepaid expense and other 368,577 363,102
Total current assets 7,455,449 6,770,189
Property and equipment, net 251,670 263,867
Assets deployed at client locations, net 393,665 373,650
Goodwill and other intangible assets, net 10,708,345 11,452,809
Deferred tax assets, net 230,648 230,648
Other assets, net 23,000 23,000
Total assets 19,062,777 19,114,163
Current liabilities:    
Accounts payable 270,250 1,035,383
Accrued expenses 819,061 887,796
Income taxes payable   519,610
Revenue contract liability 1,187,307 1,083,639
Deferred rent, current portion 28,050 23,679
Current portion of long-term debt and capital lease obligations 1,486,981 1,195,787
Other current liabilities 95,558 123,441
Total current liabilities 3,887,207 4,869,335
Deferred rent, net   14,025
Capital lease obligations, net   14,217
Long-term debt, net 9,337,472 7,420,385
Common stock warrant liability   1,333,333
Interest rate swap liability 77,235  
Total liabilities 13,301,914 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; 39,843,591 and 39,565,591 shares issued and outstanding, respectively 39,844 39,566
Additional paid-in capital 4,315,015 3,957,703
Accumulated earnings 1,406,004 1,465,599
Total stockholders’ equity 5,760,863 5,462,868
Total liabilities and stockholders’ equity $ 19,062,777 $ 19,114,163