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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 844,104 $ 1,379,887
Accounts receivable 9,167,088 8,059,910
Investments 82,908 82,908
Other current assets 1,321,334 542,237
Total current assets 11,415,434 10,064,942
Other assets:    
Property and equipment, net 92,870 100,241
Intangible assets, net 10,253,381 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 35,721,778 29,442,981
Total assets 47,137,212 39,507,923
Current liabilities:    
Line of credit 3,765,391 3,088,890
Accounts payable 4,126,323 5,130,817
Other accrued expenses 3,947,293 2,165,088
Bank term loan 406,156 405,376
Consideration payable - cash 7,129,238 1,854,397
Consideration payable - equity 11,589,973 64,384
Dividend payable 527,979 0
Total current liabilities 31,492,353 12,708,952
Long- term Liabilities:    
Convertible notes 1,250,000 0
Bank term loan 1,575,206 1,536,191
Consideration payable - cash 0 2,711,717
Consideration payable - equity 600,000 10,887,360
Total long-term liabilities 3,425,206 15,135,268
Total liabilities 34,917,559 27,844,220
Stockholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 authorized, 383,985 issued and outstanding as of September 30, 2017 and 363,611 as of December 31, 2016 3,840 3,636
Common stock, $0.01 par value; 100,000,000 shares authorized, 15,856,249 and 13,885,972 issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 158,561 138,860
Additional paid-in capital 25,487,970 15,358,839
Accumulated deficit (13,430,711) (3,833,588)
Accumulated other comprehensive income (loss) (18,511) (7,426)
Non-controlling interest 18,504 3,382
Total stockholders' equity 12,219,653 11,663,703
Total liabilities and stockholders' equity $ 47,137,212 $ 39,507,923