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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 2,840,097 $ 431,400
Accounts receivable 7,563,451 6,384,148
Other current assets 901,451 783,606
Total current assets 11,304,999 7,599,154
Other assets:    
Property and equipment, net 91,289 83,128
Intangible assets, net 1,950,766 3,584,221
Acquired goodwill 13,729,770 13,729,770
Operating lease right of use asset, net 874,606 286,163
Deferred income tax assets, net 42,181 8,879
Total other assets 16,688,612 17,692,161
Total assets 27,993,611 25,291,315
Current liabilities:    
Line of credit 3,097,009 2,881,061
Accounts payable 4,580,079 4,696,352
Other accrued expenses 1,910,601 1,989,894
Operating lease liability 208,663 120,052
PPP Loan 1,729,600
EID Loan, current portion 2,924
Convertible notes 1,000,000
Consideration payable - cash 2,496,000
Debenture Liability 1,818,321
Dividend payable 645,425 320,298
Total current liabilities 13,992,622 13,503,657
Long term liabilities:    
Operating lease liability, net 678,272 169,897
EID Loan, net of current portion 146,976
Short term Loans 1,000,000
Total long term liabilities 825,248 1,169,897
Total liabilities 14,817,870 14,673,554
Stockholders' equity:    
Preferred stock, $0.01 par value; 1,000,000 authorized, 424,938 issued and outstanding as of September 30, 2020 and December 31, 2019. 4,249 4,249
Common stock, $0.01 par value; 100,000,000 shares authorized, 5,737,001 and 2,522,095 issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 57,370 25,221
Additional paid-in capital 58,218,620 51,040,296
Accumulated deficit (45,156,263) (40,512,017)
Accumulated other comprehensive income (loss) 51,765 60,012
Total stockholders' equity 13,175,741 10,617,761
Total liabilities and stockholders' equity $ 27,993,611 $ 25,291,315