v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 2,999,201 $ 4,931,302
Accounts receivable 1,672,072 1,664,862
Prepaid expenses and other current assets 458,719 276,990
Total current assets 5,129,992 6,873,154
Intangible assets, net of accumulated amortization of $550,925 and $201,032 7,699,075 8,048,968
Goodwill 7,585,269 7,585,269
Right-of-use operating lease asset 627,977 672,896
Property and equipment, net of accumulated depreciation and amortization of $361,338 and $347,886 103,577 105,256
Other assets 77,100 77,100
Total assets 21,222,990 23,362,643
Current liabilities    
Accounts payable 302,323 650,499
Accrued payroll and related liabilities 611,497 524,055
Commissions payable 250,043 224,250
Other accrued liabilities 816,536 204,080
Contract liabilities 149,692 186,835
Operating lease liability - current 192,128 192,128
Total current liabilities 2,322,219 1,981,847
Operating lease liability - non-current 460,505 507,120
Deferred income taxes 441,498 1,167,504
Other liabilities 2,296,928 2,265,000
Total liabilities 5,521,150 5,921,471
Stockholders' equity    
Common stock, $0.001 par value 100,000,000 shares authorized; 18,987,313 and 18,882,313 shares issued, 17,344,697 and 17,239,697 shares outstanding as of March 31, 2022 and December 31, 2021, respectively 18,987 18,882
Additional paid-in capital 32,128,334 31,789,464
Accumulated deficit (15,515,270) (13,436,963)
Treasury stock, 1,642,616 shares at cost (930,211) (930,211)
Total stockholders' equity 15,701,840 17,441,172
Total liabilities and stockholders' equity $ 21,222,990 $ 23,362,643

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