Registration of securities issued in business combination transactions

Consolidated Balance Sheets

v3.23.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 731,081 $ 4,931,302
Accounts receivable 1,629,559 1,664,862
Prepaid expenses and other current assets 442,445 276,990
Total current assets 2,803,085 6,873,154
Intangible assets, net of accumulated amortization of $440,400 and $308,217, respectively 1,181,783  
Goodwill 1,125,101  
Right-of-use operating lease asset 376,104 672,896
Property and equipment, net of accumulated depreciation and amortization of $423,916 and $391,628, respectively 98,991  
Other assets 79,305 77,100
Total assets 7,981,214 23,362,643
Current liabilities    
Accounts payable 573,789 650,499
Revolving line of credit 425,000 0
Accrued payroll and related liabilities 676,796 524,055
Commissions payable 125,033 224,250
Income taxes payable 3,101 0
Other accrued liabilities 283,497 204,080
Contract liabilities 182,756 186,835
Operating lease liabilities - current 203,342 192,128
Deferred acquisition consideration 1,415,098 0
Total current liabilities 3,888,412 1,981,847
Operating lease liabilities - non-current 303,778 507,120
Deferred tax liabilities, net 59,121 1,167,504
Contingent acquisition consideration 0 930,000
Deferred acquisition consideration - non-current 0 1,335,000
Total liabilities 4,251,311 5,921,471
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 2,084  
Additional paid-in capital 35,883,831  
Accumulated deficit (31,190,801) (13,436,963)
Treasury stock, 1,673,051 and 1,642,616 shares at cost, as of December 31, 2022 and December 31, 2021, respectively (965,211) (930,211)
Total stockholders' equity 3,729,903 17,441,172
Total liabilities and stockholders' equity 7,981,214 23,362,643
Before Reverse Stock Split [Member]    
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 20,839 18,882
Additional paid-in capital 35,865,076 31,789,464
Before Deconsolidation [Member]    
Current assets    
Intangible assets, net of accumulated amortization of $440,400 and $308,217, respectively 3,000,203 8,048,968
Goodwill 1,125,101 7,585,269
Property and equipment, net of accumulated depreciation and amortization of $423,916 and $391,628, respectively $ 597,416 $ 105,256