XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 7,232,158 $ 6,814,117
Accounts receivable, net of allowance of $450,311 and $330,311 2,252,936 1,926,859
Unbilled services 386,285 284,218
Deferred charges 1,122,600 0
Prepaid expenses and other current assets 1,017,852 1,685,728
Total current assets 12,011,831 10,710,922
Property and equipment, net 806,440 636,901
Operating lease right-of-use assets 419,757 964,990
Intangible assets, net 4,556,041 3,492,234
Goodwill 1,011,952 1,011,952
Deferred tax assets 985,706 990,958
Deposits and other assets 187,553 190,805
Total assets 19,979,280 17,998,762
Current liabilities:    
Accounts payable 2,546,111 2,038,025
Accrued expenses 2,126,362 1,743,148
Accrued interest 23,379 28,784
Income taxes payable 0 69,614
Long-term debt – current portion 636,087 293,696
Long-term – related party – current portion 103,333 108,309
Finance lease obligations – current portion 215,863 166,571
Operating lease liabilities – current portion 299,763 465,813
Deferred revenue 3,130,282 2,475,583
Total current liabilities 9,081,180 7,389,543
Long-term debt net of current portion 795,211 463,602
Long-term – related party - net of current portion   103,333
Finance lease obligations net of current portion 455,056 186,284
Operating lease liabilities net of current portion 119,994 499,177
Total liabilities 10,451,441 8,641,939
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, value
Common stock, value 52 52
Additional paid-in capital 10,384,817 9,951,142
Accumulated deficit (857,030) (594,371)
Total stockholders’ equity 9,527,839 9,356,823
Total liabilities and stockholders’ equity 19,979,280 17,998,762
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value $ 0 $ 0