Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Current Period Unaudited)

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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 3,682,613 $ 1,858,160
Accounts receivable 2,874,656 1,442,231
Prepaid expenses 283,567 142,770
Other current assets 5,556 0
Total current assets 6,846,392 3,443,161
Intangible assets, net of amortization of $87,912 and $0, 1,402,088 0
Goodwill 785,000 0
Contract assets - non-current 0 210,688
Right-of-use operating lease asset 285,667 51,405
Property and equipment, net of accumulated depreciation and amortization of $349,300 and $312,320 94,965 62,166
Other assets 5,707 6,281
Total assets 9,419,819 3,773,701
Current liabilities    
Accounts payable 926,643 103,646
Revolving line of credit 402,306 0
Notes payable - current 797,295 93,009
Accrued payroll and related liabilities 555,483 375,168
Commissions payable 236,438 181,626
Other accrued liabilities 82,158 54,274
Contract liabilities 78,045 946,884
Operating lease liability - current 35,805 45,595
Interest payable 2,666 3,125
Total current liabilities 3,116,839 1,803,327
Note payable - non-current 400,856 356,991
Operating lease liability - non-current 260,141 0
Total liabilities 3,777,836 2,160,318
Stockholders' equity    
Common stock, $0.01 par value, 30,000,000 shares authorized, 15,153,306 and 12,904,376 shares issued, 13,510,690 and 11,261,760 shares outstanding as of September 30, 2021, and December 31, 2020, respectively 151,532 129,043
Additional paid-in capital 18,507,731 14,720,065
Accumulated deficit (12,087,069) (12,305,514)
Treasury stock, 1,642,616 shares at cost (930,211) (930,211)
Total stockholders' equity 5,641,983 1,613,383
Total liabilities and stockholders' equity $ 9,419,819 $ 3,773,701