Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 563,324 $ 681,995
Accounts receivable 776,025 1,117,862
Prepaid expenses and other current assets 220,594 267,351
Total current assets 1,559,943 2,067,208
Intangible assets, net of accumulated amortization of $528,522 and $484,461, respectively 961,478 1,005,539
Goodwill 1,125,101 1,125,101
Right-of-use operating lease asset 50,154 245,569
Property and equipment, net of accumulated depreciation and amortization of $440,991 and $432,620, respectively 49,628 57,999
Other assets 18,419 18,419
Total assets 3,764,723 4,519,835
Current liabilities    
Accounts payable 662,318 403,441
Revolving line of credit 500,000 500,000
Accrued payroll and related liabilities 541,777 615,766
Commissions payable 0 30,223
Income taxes payable 3,450 3,450
Other accrued liabilities 168,658 267,604
Contract liabilities 85,035 114,540
Operating lease liabilities - current 78,778 163,282
Total current liabilities 2,040,016 2,098,306
Operating lease liabilities - non-current 0 136,652
Deferred tax liabilities, net 16,187 16,187
Total liabilities 2,056,203 2,251,145
Stockholders' equity    
Common stock, $0.001 par value 100,000,000 shares authorized; 2,180,485 shares issued, 2,013,180 shares outstanding as of March 31, 2024 and December 31, 2023 2,180 2,180
Additional paid-in capital 36,570,737 36,456,957
Accumulated deficit (33,899,186) (33,225,236)
Treasury stock, 167,305 shares at cost, as of March 31, 2024 and December 31, 2023 (965,211) (965,211)
Total stockholders' equity 1,708,520 2,268,690
Total liabilities and stockholders' equity $ 3,764,723 $ 4,519,835