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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,041,133 $ 1,379,887
Accounts receivable 8,720,203 8,059,910
Investments 82,908 82,908
Other current assets 907,501 542,237
Total current assets 10,751,745 10,064,942
Other assets:    
Property and equipment, net 107,533 100,241
Intangible assets, net 11,058,035 8,764,704
Acquired goodwill 21,886,567 17,089,076
Deferred income tax assets, net 3,488,960 3,488,960
Total other assets 36,541,095 29,442,981
Total assets 47,292,840 39,507,923
Current liabilities:    
Line of credit 4,105,454 3,088,890
Accounts payable 3,945,303 5,130,817
Other accrued expenses 2,813,292 2,165,088
Bank term loan 406,031 405,376
Consideration payable - cash 3,626,738 1,854,397
Consideration payable - equity 196,251 64,384
Dividend payable 499,965 0
Total current liabilities 15,593,034 12,708,952
Long term liabilities:    
Convertible notes 1,250,000 0
Bank term loan 1,333,718 1,536,191
Consideration payable - cash 3,502,500 2,711,717
Consideration payable - equity 11,993,722 10,887,360
Total long-term liabilities 18,079,940 15,135,268
Total liabilities 33,672,974 27,844,220
Stockholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 authorized, 373,708 issued and outstanding as of June 30, 2017 and 363,611 as of December 31, 2016 3,737 3,636
Common stock, $0.01 par value; 100,000,000 shares authorized, 14,650,412 and 13,885,972 issued and outstanding as of June 30, 2017 and December 31, 2016 respectively. 146,503 138,860
Additional paid-in capital 22,289,906 15,358,839
Accumulated deficit (8,827,876) (3,833,588)
Accumulated other comprehensive income (loss) (4,276) (7,426)
Non-controlling interest 11,872 3,382
Total stockholders' equity 13,619,866 11,663,703
Total liabilities and stockholders' equity $ 47,292,840 $ 39,507,923