XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 3,381,639 $ 3,181,209
Accounts receivable, net of allowances 825,598 2,855,135
Prepaid expenses and other current assets 1,264,231 1,074,972
Contract assets 426,264 209,936
Inventory 0 7,744
Total current assets 5,897,732 7,328,996
Property and equipment, net 128,203 153,904
Right of use assets 90,893 112,405
Deferred tax assets 29,173 30,190
Software development costs, net 41,056 42,695
Other assets 99,834 106,023
Goodwill 4,150,339 4,150,339
Other intangible assets, net 40,826 51,362
Long-term contract assets 463,264 692,712
Total assets 10,941,320 12,668,626
Current liabilities:    
Accounts payable 638,632 297,033
Accrued expenses 801,815 1,099,257
Lease liability obligations, current 74,349 76,940
Deferred revenue 4,049,503 4,557,317
Total current liabilities 5,564,299 6,030,547
Other long-term liabilities 957,860 950,843
Notes payable, net of debt issuance costs and discounts 2,156,246 2,154,098
Lease liability obligations, less current portion 16,544 35,465
Deferred tax liabilities 500,499 500,499
Deferred revenue, net of current portion 1,395,179 1,578,769
Total liabilities 10,590,627 11,250,221
Commitments and contingencies (Note 11)
Series A redeemable convertible preferred stock, $0.001 par value, 2,000,000 shares authorized, 900,000 shares issued and outstanding, redemption value of $14,791,195 14,700,124 14,384,388
Stockholders' deficit:    
Common stock - $0.001 par value, 30,000,000 shares authorized, 7,082,276 shares issued and outstanding 7,082 7,082
Additional paid-in capital 112,042,061 112,349,613
Accumulated deficit (124,572,044) (123,462,638)
Accumulated other comprehensive loss (1,826,530) (1,860,040)
Total stockholders' deficit (14,349,431) (12,965,983)
Total liabilities and stockholders' deficit $ 10,941,320 $ 12,668,626