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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,763,448 $ 4,882,084
Accounts receivable 8,457,627 8,838,453
Other current assets 955,400 924,266
Total current assets 11,176,475 14,644,803
Other assets:    
Property and equipment, net 83,878 95,048
Intangible assets, net 8,675,793 9,469,703
Acquired goodwill 21,898,323 21,898,323
Deferred income tax assets, net 6,088,751 6,088,751
Total other assets 36,746,745 37,551,825
Total assets 47,923,220 52,196,628
Current liabilities:    
Line of credit 3,264,809 4,053,318
Accounts payable 5,318,493 5,324,872
Other accrued expenses 2,218,851 2,582,661
Current portion - long term notes 406,376 749,551
Consideration payable - cash 3,430,659 5,509,427
Consideration payable - equity 11,271,000 12,148,053
Dividend payable 557,417 0
Total current liabilities 26,467,605 30,367,882
Long- term Liabilities:    
Convertible notes 1,250,000 1,250,000
Long-term notes - net of current portion 1,028,840 1,130,563
Total long-term liabilities 2,278,840 2,380,563
Total liabilities 28,746,445 32,748,445
Stockholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 authorized, 405,395 issued and outstanding as of each of March 31, 2018 and December 31, 2017 4,054 4,054
Common stock, $0.01 par value; 100,000,000 shares authorized, 18,790,998 and 18,162,723 issued and outstanding as of March 31, 2018 and December 31, 2017, respectively 187,908 181,625
Additional paid-in capital 36,044,869 34,223,181
Accumulated deficit (17,126,722) (14,997,552)
Accumulated other comprehensive income (loss) 66,666 36,875
Total stockholders' equity 19,176,775 19,448,183
Total liabilities and stockholders' equity $ 47,923,220 $ 52,196,628