Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 244,137 $ 681,995
Accounts receivable 791,707 1,117,862
Prepaid expenses and other current assets 132,804 267,351
Total current assets 1,168,648 2,067,208
Intangible assets, net of accumulated amortization of $562,644 and $484,461, respectively 927,356 1,005,539
Goodwill 1,125,101 1,125,101
Right-of-use operating lease asset 28,976 245,569
Property and equipment, net of accumulated depreciation and amortization of $449,205 and $432,620, respectively 41,414 57,999
Other assets 18,419 18,419
Total assets 3,309,914 4,519,835
Current liabilities    
Accounts payable 759,229 403,441
Revolving line of credit 300,000 500,000
Accrued payroll and related liabilities 526,844 615,766
Commissions payable 0 30,223
Income taxes payable 3,450 3,450
Other accrued liabilities 230,024 267,604
Contract liabilities 55,531 114,540
Operating lease liabilities - current 39,610 163,282
Total current liabilities 1,914,688 2,098,306
Operating lease liabilities - non-current 0 136,652
Deferred tax liabilities, net 16,187 16,187
Total liabilities 1,930,875 2,251,145
Stockholders' equity    
Common stock, $0.0001 par value 100,000,000 shares authorized; 726,829 shares issued, 671,060 shares outstanding as of June 30, 2024 and December 31, 2023 73 73
Additional paid-in capital 36,633,060 36,459,064
Accumulated deficit (34,288,883) (33,225,236)
Treasury stock, 55,768 shares at cost, as of June 30, 2024 and December 31, 2023 (965,211) (965,211)
Total stockholders' equity 1,379,039 2,268,690
Total liabilities and stockholders' equity $ 3,309,914 $ 4,519,835