XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 3,015,943 $ 1,858,160
Accounts receivable 1,185,963 1,442,231
Prepaid expenses and other current assets 106,294 142,770
Total current assets 4,308,200 3,443,161
Contract assets - non-current 342,631 210,688
Right-of-use operating lease asset 25,911 51,405
Property and equipment, net of accumulated depreciation and amortization of $317,703 and $312,320 61,395 62,166
Other assets 6,281
Total assets 4,738,137 3,773,701
Current liabilities    
Accounts payable 192,213 103,646
Revolving line of credit 500,000
Contract liabilities 455,496 946,884
Accrued payroll and related liabilities 421,183 375,168
Commissions payable 276,794 181,626
Notes payable - current 149,001 93,009
Operating lease liability - current 18,363 45,595
Other accrued liabilities 8,047 54,274
Interest payable 4,583 3,125
Total current liabilities 2,025,680 1,803,327
Note payable - non-current 300,999 356,991
Total liabilities 2,326,679 2,160,318
Stockholders' equity    
Common stock, $0.01 par value, 30,000,000 shares authorized, 13,260,042 and 12,904,376 shares issued, 11,617,426 and 11,261,760 shares outstanding as of March 31, 2021, and December 31, 2020, respectively 132,599 129,043
Additional paid-in capital 15,243,769 14,720,065
Accumulated deficit (12,034,699) (12,305,514)
Treasury stock, 1,642,616 shares at cost as of March 31, 2021, and December 31, 2020 (930,211) (930,211)
Total stockholders' equity 2,411,458 1,613,383
Total liabilities and stockholders' equity $ 4,738,137 $ 3,773,701