v3.24.3
Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 2,742,961 $ 1,830,841
Accounts receivable, net 5,611,060 6,883,566
Contract asset 5,783 160,649
Due from buyer 205,897 0
Income tax receivable 238,817 0
Prepaid income taxes 0 216,909
Prepaid expenses and other current assets 525,347 404,228
Total current assets 9,329,865 9,496,193
Fixed assets, net 193,546 310,170
Non-Current Assets:    
Due from buyer, net of current portion 191,470 0
Right of use asset - operating lease 1,147,883 613,143
Investment in captive insurance entity 52,110 0
Intangible assets, net 7,252,948 8,970,864
Goodwill 10,676,834 10,716,907
Total non-current assets 19,514,791 20,611,084
Total Assets 28,844,656 30,107,277
Current Liabilities    
Accounts payable and accrued expenses 1,004,207 784,965
Accrued payroll and payroll related expenses 3,598,833 2,925,312
Due to seller 240,000 350,000
Obligation to issue common and preferred stock 402,708 255,940
Contingent earnout 0 380,000
Derivative liabilities 40,000 157,600
Revolving credit facility 1,514,818 625,025
Current portion of lease liability - operating lease 301,136 185,263
Total current liabilities 8,401,702 7,977,092
Non-Current Liabilities    
Deferred tax liability 0 6,292
Lease liability - operating lease, net of current portion 857,890 435,204
Due to Seller, net of current portion 160,000 0
Contingent earnout, net of current portion 0 340,000
Notes payable, related party, net of current portion 300,000 400,000
Total non-current liabilities 8,417,890 9,181,496
Total Liabilities 16,819,592 17,158,588
Stockholders' Equity    
Common stock, par value, $0.0001, 3,000,000,000 shares authorized, 56,109,928 and 47,672,427 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 5,611 4,767
Additional paid in capital 63,329,698 56,926,157
Accumulated deficit (51,310,910) (43,982,900)
Total stockholders' equity 12,025,064 12,948,689
Total Liabilities and Stockholders' Equity 28,844,656 30,107,277
Related party    
Current Liabilities    
Current portion of convertible promissory notes - related parties, net of discount 0 238,212
Current portion of notes payable, net of discount 100,000 0
Non-Current Liabilities    
Notes payable, noncurrent 0 2,000,000
Nonrelated Party    
Current Liabilities    
Current portion of notes payable, net of discount 1,200,000 2,074,775
Non-Current Liabilities    
Notes payable, noncurrent 7,100,000 6,000,000
Series A Preferred    
Stockholders' Equity    
Preferred stock, value, issued 588 588
Series C Preferred    
Stockholders' Equity    
Preferred stock, value, issued $ 77 $ 77