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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,723,097 $ 1,371,331
Accounts receivable 8,900,167 7,871,422
Other current assets 835,551 818,600
Total current assets 11,458,815 10,061,353
Other assets:    
Property and equipment, net 57,589 58,892
Intangible assets, net 5,230,245 5,778,036
Goodwill 13,729,770 13,729,770
Deferred income tax assets, net 30,807 9,399
Total other assets 19,048,411 19,576,097
Total assets 30,507,226 29,637,450
Current liabilities:    
Line of credit 4,187,359 3,950,681
Accounts payable 5,079,016 4,377,794
Other accrued expenses 1,631,981 1,697,636
Current portion - long-term notes 0 6,450
Convertible notes 1,000,000 1,250,000
Consideration payable - cash 2,596,000 2,696,000
Consideration payable - equity 0 605,223
Dividend payable - Preferred stock 210,886 105,181
Total current liabilities 14,705,242 14,688,965
Long-term liabilities:    
Warrant liability 4,639,655 4,189,388
Total long-term liabilities 4,639,655 4,189,388
Total liabilities 19,344,897 18,878,353
Stockholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 authorized, 420,720 issued and outstanding as of March 31, 2019 and December 31, 2018. 4,207 4,207
Common stock, $0.01 par value; 100,000,000 shares authorized, 50,317,688 and 42,329,121 issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 503,176 423,290
Additional paid-in capital 46,993,165 44,722,856
Accumulated deficit (36,443,930) (34,478,253)
Accumulated other comprehensive income (loss) 105,711 86,997
Total stockholders' equity 11,162,329 10,759,097
Total liabilities and stockholders' equity $ 30,507,226 $ 29,637,450