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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 499,686 $ 1,371,331
Accounts receivable 7,609,431 7,871,422
Other current assets 579,229 818,600
Total current assets 8,688,346 10,061,353
Other assets:    
Property and equipment, net 65,132 58,892
Intangible assets, net 4,132,964 5,778,036
Goodwill 13,729,770 13,729,770
Deferred income tax assets, net 40,097 9,399
Total other assets 17,967,963 19,576,097
Total assets 26,656,309 29,637,450
Current liabilities:    
Line of credit 3,432,983 3,950,681
Accounts payable 4,713,113 4,377,794
Other accrued expenses 1,553,851 1,697,636
Current portion - long-term notes 0 6,450
Convertible notes 1,000,000 1,250,000
Consideration payable - cash 2,496,000 2,696,000
Consideration payable - equity 0 605,223
Dividend payable - Preferred stock 212,999 105,181
Total current liabilities 13,408,946 14,688,965
Long-term liabilities:    
Warrant liability 0 4,189,388
Total long-term liabilities 0 4,189,388
Total liabilities 13,408,946 18,878,353
Stockholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 authorized, 424,928 and 420,720 issued and outstanding as of September 30, 2019 and December 31, 2018 respectively. 4,249 4,207
Common stock, $0.01 par value; 100,000,000 shares authorized, 62,820,789 and 42,329,121 issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 628,207 423,290
Additional paid-in capital 50,417,513 44,722,856
Accumulated deficit (37,872,197) (34,478,253)
Accumulated other comprehensive income (loss) 69,591 86,997
Total stockholders' equity 13,247,363 10,759,097
Total liabilities and stockholders' equity $ 26,656,309 $ 29,637,450