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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 10,516,776 $ 18,852,680
Accounts receivable, net 17,885,705 7,418,025
Prepaid expenses 4,456,611 871,043
Total Current Assets 32,859,092 27,141,748
Property and equipment, net 148,854 176,014
Other Assets    
Goodwill 14,740,031 14,740,031
Technology assets, net 5,251,822 6,238,453
Patent rights, net 2,349,570 2,550,587
Right of use assets, net 445,974 559,863
Other intangible assets, net 4,519,552 5,151,102
Security deposits and other assets 12,859 80,727
Total Other Assets 27,319,808 29,320,763
TOTAL ASSETS 60,327,754 56,638,525
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable – trade 618,250 492,995
Accrued expenses 2,420,361 1,800,635
Revenue share payable 4,969,868 1,618,438
Current portion of lease liabilities 123,220 115,431
Contingent purchase price payable 1,610,813 1,500,000
Deferred revenue 285,795 580,014
Total Current Liabilities 10,028,307 6,107,513
Non-current Liabilities    
Lease liabilities, net of current portion 325,533 448,753
Contingent purchase price payable, net of current portion 5,220,000
Total Non-Current Liabilities 325,533 5,668,753
Total Liabilities 10,353,840 11,776,266
Commitments and contingencies (See Note 15)
Stockholders’ Equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding at December 31, 2020 and 2019,
Common stock, $0.001 par value, 166,666,667 shares authorized, 15,223,340 and 14,609,579 shares issued and outstanding at December 31, 2020 and 2019, respectively 15,223 14,601
Additional paid-in-capital 85,590,428 78,272,268
Accumulated deficit (35,631,737) (33,424,610)
Total Stockholders’ Equity 49,973,914 44,862,259
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 60,327,754 $ 56,638,525