v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,666,054 $ 3,181,209
Accounts receivable, net of allowances 2,288,133 2,855,135
Prepaid expenses and other current assets 885,734 1,074,972
Contract assets 273,945 209,936
Inventory 0 7,744
Total current assets 5,113,866 7,328,996
Property and equipment, net 95,796 153,904
Operating lease right-of-use assets, net 49,626 112,405
Deferred tax assets 26,327 30,190
Software development costs, net 60,123 42,695
Other assets 97,212 106,023
Goodwill 4,150,339 4,150,339
Other intangible assets, net 27,437 51,362
Long-term contract assets 445,017 692,712
Total assets 10,065,743 12,668,626
Current liabilities:    
Accounts payable 450,250 297,033
Accrued expenses 1,355,927 1,099,257
Current portion of lease liabilities 49,626 76,940
Deferred revenue 3,504,907 4,557,317
Total current liabilities 5,360,710 6,030,547
Other long-term liabilities 954,213 950,843
Notes payable, net of debt issuance costs and discounts 2,164,251 2,154,098
Operating lease liabilities, net of current portion 0 35,465
Deferred tax liabilities 500,499 500,499
Deferred revenue, net of current portion 1,281,279 1,578,769
Total liabilities 10,260,952 11,250,221
Commitments and contingencies (Note 11)
Series A redeemable convertible preferred stock, $.001 par value, 2,000,000 shares authorized, 900,000 shares issued and outstanding, redemption value of $15,520,639 and $14,490,274, respectively 15,505,173 14,384,388
Stockholders' deficit:    
Common stock - $.001 par value, 30,000,000 shares authorized, 7,111,801 shares and 7,082,276 shares issued and outstanding, respectively 7,112 7,082
Additional paid-in capital 111,264,069 112,349,613
Accumulated deficit (125,281,898) (123,462,638)
Accumulated other comprehensive loss (1,689,665) (1,860,040)
Total stockholders' deficit (15,700,382) (12,965,983)
Total liabilities and stockholders' deficit $ 10,065,743 $ 12,668,626