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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,812,600 $ 1,379,887
Accounts receivable 9,590,446 8,059,910
Investments 82,908 82,908
Other current assets 866,505 542,237
Total current assets 12,352,459 10,064,942
Other assets:    
Property and equipment, net 113,505 100,241
Intangible assets, net 11,845,910 8,764,704
Acquired goodwill 21,879,572 17,089,076
Deferred income tax assets, net 3,488,960 3,488,960
Total other assets 37,327,947 29,442,981
Total assets 49,680,406 39,507,923
Current liabilities:    
Line of credit 3,956,494 3,088,890
Accounts payable 4,468,533 5,130,817
Other accrued expenses 3,147,210 2,165,088
Bank Term Loan 399,996 405,376
Consideration payable - Cash 4,199,238 1,854,397
Consideration payable - Equity 596,763 64,384
Dividend Payable 499,965 0
Total current liabilities 17,268,199 12,708,952
Long term liabilities:    
Convertible notes 1,250,000 0
Bank Term Loan - Net of Current Portion 1,023,474 1,536,191
Consideration payable - Cash 3,375,000 2,711,717
Consideration payable - Equity 11,993,723 10,887,360
Total Long-term Liabilities 17,642,197 15,135,268
Total liabilities 34,910,396 27,844,220
Stockholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 authorized, 363,611 issued and outstanding as of March 31, 2017, and as of December 31, 2016 3,636 3,636
Common stock, $0.01 par value; 100,000,000 shares authorized, 14,579,417 and 13,885,972 issued and outstanding as of March 31, 2017 and December 31, 2016 respectively. 145,794 138,860
Additional paid-in capital 19,850,002 15,358,839
Accumulated deficit (5,226,646) (3,833,588)
Accumulated other comprehensive income (loss) 740 (7,426)
Non-Controlling Interest (3,516) 3,382
Total stockholders' equity 14,770,010 11,663,703
Total liabilities and stockholders' equity $ 49,680,406 $ 39,507,923