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 ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 1,532,764 $ 1,858,160
Accounts receivable 2,097,521 1,442,231
Contract assets 477,268 0
Prepaid expenses 130,604 142,770
Other current assets 8,082 0
Total current assets 4,246,239 3,443,161
Intangible assets, net of amortization of $43,851 and $0 1,446,149 0
Goodwill 785,000 0
Contract assets - non-current 0 210,688
Right-of-use operating lease asset 297,620 51,405
Property and equipment, net of accumulated depreciation and amortization of $324,442 and $312,320 72,498 62,166
Other assets 5,706 6,281
Total assets 6,853,212 3,773,701
Current liabilities    
Accounts payable 747,942 103,646
Revolving line of credit 402,306 0
Notes payable - current 855,134 93,009
Accrued payroll and related liabilities 571,089 375,168
Commissions payable 256,075 181,626
Other accrued liabilities 108,183 54,274
Contract liabilities 105,884 946,884
Operating lease liability - current 18,008 45,595
Interest payable 8,125 3,125
Total current liabilities 3,072,746 1,803,327
Note payable - non-current 661,533 356,991
Operating lease liability - non-current 273,906 0
Total liabilities 4,008,185 2,160,318
Stockholders' equity    
Common stock, $0.01 par value, 30,000,000 shares authorized, 13,688,306 and 12,904,376 shares issued, 12,045,690 and 11,261,760 shares outstanding as of June 30, 2021, and December 31, 2020, respectively 136,882 129,043
Additional paid-in capital 15,629,898 14,720,065
Accumulated deficit (11,991,542) (12,305,514)
Treasury stock, 1,642,616 shares at cost (930,211) (930,211)
Total stockholders' equity 2,845,027 1,613,383
Total liabilities and stockholders' equity $ 6,853,212 $ 3,773,701