v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 1,130,487 $ 2,696,481
Accounts receivable, net 1,326,986 1,121,083
Accounts receivable, unbilled 1,038,013 596,410
Parts and supplies, net 72,569 73,221
Contract assets 96,470 80,378
Prepaid expenses and other current assets 337,373 325,466
Total current assets 4,001,898 4,893,039
Property and equipment, net 1,024,776 1,068,706
Right of use assets, operating 2,895,784 3,200,191
Right of use asset, finance 170,194 154,282
Intangible assets, net 4,164,492 4,419,646
Goodwill 5,789,821 5,789,821
Other assets 540,121 417,457
Total assets 18,587,086 19,943,142
Current liabilities:    
Accounts payable 356,545 370,300
Accrued compensation 336,317 411,683
Accrued expenses 181,961 114,902
Lease liabilities, operating - current 711,229 692,074
Lease liability, finance - current 28,303 22,493
Deferred revenues 2,067,744 2,754,064
Earnout liabilities - current 700,000
Notes payable - current 709,083 936,966
Total current liabilities 4,391,182 6,002,482
Long-term liabilities:    
Lease liabilities, operating - net of current portion 2,307,326 2,624,608
Lease liability, finance - net of current portion 145,880 133,131
Total long-term liabilities 5,145,188 5,371,858
Total liabilities 9,536,370 11,374,340
Stockholders’ equity:    
Common stock, $0.001 par value, 25,000,000 shares authorized; 4,073,757 shares issued and outstanding at June 30, 2023 and December 31, 2022 4,074 4,074
Additional paid-in capital 30,412,634 30,179,017
Accumulated deficit (21,365,992) (21,614,289)
Total stockholders’ equity 9,050,716 8,568,802
Total liabilities and stockholders’ equity 18,587,086 19,943,142
Nonrelated Party [Member]    
Current liabilities:    
Notes payable - current 709,083 936,966
Long-term liabilities:    
Notes payable - related party 2,147,139 2,085,035
Related Party [Member]    
Long-term liabilities:    
Notes payable - related party $ 544,843 $ 529,084

Source

HTML PDF
ZIP