v3.23.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 877,198 $ 731,081
Accounts receivable 1,479,780 1,629,559
Prepaid expenses and other current assets 363,668 442,445
Total current assets 2,720,646 2,803,085
Intangible assets, net of accumulated amortization of $440,400 and $308,217, respectively 1,049,600 1,181,783
Goodwill 1,125,101 1,125,101
Right-of-use operating lease asset 279,132 376,104
Property and equipment, net of accumulated depreciation and amortization of $423,916 and $391,628, respectively 66,703 98,991
Other assets 20,623 79,305
Assets held for sale 0 2,316,845
Total assets 5,261,805 7,981,214
Current liabilities    
Accounts payable 495,895 573,789
Revolving line of credit 500,000 425,000
Premium financing note payable 94,071 0
Accrued payroll and related liabilities 604,079 676,796
Commissions payable 24,296 125,033
Income taxes payable 3,101 3,101
Other accrued liabilities 217,108 283,497
Contract liabilities 26,026 182,756
Operating lease liabilities - current 218,695 203,342
Deferred acquisition consideration 0 1,415,098
Total current liabilities 2,183,271 3,888,412
Operating lease liabilities - non-current 134,790 303,778
Deferred tax liabilities, net 59,121 59,121
Total liabilities 2,377,182 4,251,311
Stockholders' equity    
Common stock, $0.001 par value 100,000,000 shares authorized; 2,148,291 and 2,083,860 shares issued, 1,980,986 and 1,916,555 shares outstanding as of September 30, 2023 and December 31, 2022, respectively 2,148 2,084
Additional paid-in capital 36,303,586 35,883,831
Accumulated deficit (32,455,900) (31,190,801)
Treasury stock, 167,305 shares at cost, as of September 30, 2023 and December 31, 2022 (965,211) (965,211)
Total stockholders' equity 2,884,623 3,729,903
Total liabilities and stockholders' equity $ 5,261,805 $ 7,981,214

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