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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 15,286,895 $ 11,881,949
Accounts receivable, net of allowance for doubtful accounts of $56,833 and $12,455 at June 30, 2020 and December 31, 2019, respectively 448,016 340,344
Unbilled receivables 1,134,432 998,048
Income taxes receivable 42,179 15,010
Other current assets 1,203,445 1,363,366
Total current assets 18,114,967 14,598,717
Property and equipment, net 2,336,154 1,996,722
Goodwill 10,925,003 10,922,814
Intangibles, net 4,321,453 4,658,000
Deferred income taxes 5,520 0
Right-of-use assets 8,756,920 5,281,530
Other long-term assets 579,015 549,022
Total assets 45,039,032 38,006,805
Liabilities and Shareholders? Equity    
Accounts payable 1,931,572 2,052,538
Accrued expenses and other current liabilities 631,042 919,089
Line of credit 1,900,000 0
Deferred revenue 659,650 860,820
Income taxes payable 73,483 13,944
Lease liability, current portion 685,876 370,340
Notes payable, current portion 1,493,024 0
Total current liabilities 7,374,647 4,216,731
Lease liability, net of current portion 8,172,482 4,976,727
Notes payable, net of current portion 1,906,475 0
Total liabilities 17,453,604 9,193,458
Commitments and contingencies (Note 15) 0 0
Shareholders? equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued or outstanding at June 30, 2020 and December 31, 2019 0 0
Common stock, $0.001 par value, Authorized shares-50,000,000; issued shares- 11,554,720 at June 30, 2020 and 11,537,163 at December 31, 2019; outstanding shares- 11,534,720 at June 30, 2020 and 11,517,163 at December 31, 2019 11,555 11,537
Additional paid in capital 59,587,378 58,851,285
Accumulated other comprehensive loss (230,362) (224,793)
Accumulated deficit (31,699,143) (29,740,682)
Treasury stock (84,000) (84,000)
Total shareholders' equity 27,585,428 28,813,347
Total liabilities and shareholders' equity $ 45,039,032 $ 38,006,805