v3.24.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 1,215,248 $ 2,696,481
Accounts receivable, net 1,850,375 1,121,083
Accounts receivable, unbilled 1,320,837 596,410
Parts and supplies, net 110,272 73,221
Contract assets 140,165 80,378
Prepaid expenses and other current assets 367,478 325,466
Total current assets 5,004,375 4,893,039
Property and equipment, net 924,257 1,068,706
Right of use assets, operating 2,532,928 3,200,191
Right of use assets, finance 219,777 154,282
Intangible assets, net 3,909,338 4,419,646
Goodwill 5,789,821 5,789,821
Other assets 645,764 417,457
Total assets 19,026,260 19,943,142
Current liabilities:    
Accounts payable 194,454 370,300
Accrued compensation 337,884 411,683
Accrued expenses 164,103 114,902
Lease liabilities, operating - current 712,607 692,074
Lease liabilities, finance - current 49,926 22,493
Deferred revenues 2,927,808 2,754,064
Earnout liabilities - current 700,000
Total current liabilities 4,386,782 6,002,482
Long-term liabilities:    
Lease liabilities, operating - net of current portion 1,942,970 2,624,608
Lease liabilities, finance - net of current portion 175,943 133,131
Total long-term liabilities 4,888,757 5,371,858
Total liabilities 9,275,539 11,374,340
Stockholders’ equity:    
Common stock, $0.001 par value, 25,000,000 shares authorized; 4,113,621 and 4,073,757 shares issued and outstanding at December 31, 2023 and 2022, respectively 4,114 4,074
Additional paid-in capital 30,841,630 30,179,017
Accumulated deficit (21,095,023) (21,614,289)
Total stockholders’ equity 9,750,721 8,568,802
Total liabilities and stockholders’ equity 19,026,260 19,943,142
Nonrelated Party [Member]    
Current liabilities:    
Notes payable - current 936,966
Long-term liabilities:    
Notes payable 2,209,242 2,085,035
Related Party [Member]    
Long-term liabilities:    
Notes payable $ 560,602 $ 529,084

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