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Condensed Consolidated Balance Sheets (Current Period Unaudited)
Jun. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
ASSETS    
Cash and cash equivalents $ 886,664 $ 79,013
Accounts receivable, net 315,341 126,000
Due from factor 79,634 110,941
Inventory 388,898 429,119
Prepaid expenses and other 98,641 108,397
Investment 516,121 512,821
Total current assets 2,285,299 1,366,291
Resalable software license rights 68,774 73,802
Equipment and leasehold improvements, net 95,545 95,509
Capitalized contract costs, net 176,345 231,519
Deposits and other assets 8,712 8,712
Operating lease right-of-use assets 552,954 566,479
Intangible assets, net 2,147,197 154,386
Goodwill 417,171
Total non-current assets 3,466,698 1,130,407
TOTAL ASSETS 5,751,997 2,496,698
LIABILITIES    
Accounts payable 668,474 844,557
Accounts payable – related party 66,466 188,737
Accrued liabilities 380,462 572,885
Convertible notes payable, net of debt discount and debt issuance costs 2,201,017 2,255,454
Note payable - PistolStar 500,000
Deferred revenue 602,779 359,212
Operating lease liabilities, current portion 204,282 170,560
Total current liabilities 4,623,480 4,391,405
Operating lease liabilities, net of current portion 346,064 390,466
Total non-current liabilities 346,064 390,466
TOTAL LIABILITIES 4,969,544 4,781,871
Commitments
STOCKHOLDERS’ EQUITY (DEFICIT)    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 22,181,315 and 14,411,432 of $.0001 par value at June 30, 2020 and December 31, 2019, respectively 2,218 1,441
Additional paid-in capital 95,558,928 87,436,402
Accumulated deficit (94,778,693) (89,723,016)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 782,453 (2,285,173)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 5,751,997 $ 2,496,698