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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 2,087,691 $ 431,400
Accounts receivable 7,294,578 6,384,148
Other current assets 886,999 783,606
Total current assets 10,269,268 7,599,154
Other assets:    
Property and equipment, net 104,905 83,128
Intangible assets, net 2,487,316 3,584,221
Acquired goodwill 13,729,770 13,729,770
Operating lease right of use asset, net 906,995 286,161
Deferred income tax assets, net 8,170 8,879
Total other assets 17,237,156 17,692,161
Total assets 27,506,424 25,291,315
Current liabilities:    
Line of credit 2,337,246 2,881,061
Accounts payable 4,867,360 4,696,352
Other accrued expenses 1,924,468 1,989,894
Operating lease liability 208,663 120,052
Paycheck Protection Program Loan 1,729,600
Convertible notes   1,000,000
Consideration payable - cash 2,496,000
Debenture Liability 1,165,342
Dividend payable 535,968 320,298
Total current liabilities 12,768,647 13,503,657
Long term liabilities:    
Operating lease liability, net 708,237 169,897
Economic Injury Disaster Loan 149,900
Short term Loans 1,000,000 1,000,000
Total long term liabilities 1,858,137 1,169,897
Total liabilities 14,626,784 14,673,554
Stockholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 authorized, 424,938 issued and outstanding as of June 30, 2020 and December 31, 2019. 4,249 4,249
Common stock, $0.01 par value; 100,000,000 shares authorized, 5,163,265 and 2,522,095 issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 51,633 25,221
Additional paid-in capital 56,869,527 51,040,296
Accumulated deficit (44,085,632) (40,512,017)
Accumulated other comprehensive income (loss) 39,863 60,012
Total stockholders' equity 12,879,640 10,617,761
Total liabilities and stockholders' equity $ 27,506,424 $ 25,291,315