Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,521,651 $ 4,931,302
Accounts receivable 1,532,174 1,664,862
Prepaid expenses and other current assets 302,443 276,990
Total current assets 3,356,268 6,873,154
Intangible assets, net of accumulated amortization of $1,250,711 and $201,032 6,999,289 8,048,968
Goodwill 5,330,645 7,585,269
Right-of-use operating lease asset 536,455 672,896
Property and equipment, net of accumulated depreciation and amortization of $381,473 and $347,886 305,729 105,256
Other assets 79,305 77,100
Total assets 16,607,691 23,362,643
Current liabilities    
Accounts payable 227,560 650,499
Accrued payroll and related liabilities 701,652 524,055
Commissions payable 225,096 224,250
Other accrued liabilities 680,269 204,080
Contract liabilities 37,686 186,835
Operating lease liability - current 203,342 192,128
Total current liabilities 2,075,605 1,981,847
Operating lease liability - non-current 353,486 507,120
Deferred tax liabilities, net 154,252 1,167,504
Other liabilities 1,394,467 2,265,000
Total liabilities 3,977,810 5,921,471
Stockholders' equity    
Common stock, $0.001 par value 100,000,000 shares authorized; 20,808,654 and 18,882,313 shares issued, 19,135,603 and 17,239,697 shares outstanding as of September 30, 2022 and December 31, 2021, respectively 20,809 18,882
Additional paid-in capital 35,315,514 31,789,464
Accumulated deficit (21,741,231) (13,436,963)
Treasury stock, 1,673,051 and 1,642,616 shares at cost, as of September 30, 2022 and December 31, 2021, respectively (965,211) (930,211)
Total stockholders' equity 12,629,881 17,441,172
Total liabilities and stockholders' equity $ 16,607,691 $ 23,362,643