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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 4,888,333 $ 2,725,035
Accounts receivable, net 5,763,431 4,840,802
Notes receivable, related party 1,090,903
Inventory 336,527 189,596
Prepaid expenses and other current assets 3,456,400 960,965
Contract asset 495,374
Total Current Assets 14,940,065 9,807,301
Property and equipment, net 4,460,763 2,394,424
Right of use asset, net 316,698 277,578
Intangible assets, net 7,650,150 6,540,269
Goodwill 74,094,780 [1] 16,792,535
Other assets 17,068
Total Assets 101,479,524 35,812,107
Current Liabilities:    
Accounts payable and accrued expenses 6,700,021 2,709,066
Deferred revenue 3,074,173 52,824
Settlement liability 470,000
Lease liability 163,233 196,472
Loans payable 7,235,352 213,199
Convertible notes payable 1,050,000 1,500,000
Total Current Liabilities 18,222,779 5,141,561
Long-term Liabilities:    
Loans payable, net of current portion 4,465,244 5,284,301
Lease liability, net of current portion 167,462 88,040
Convertible notes payable, net of current portion 1,500,000
Total Liabilities 24,355,485 10,513,902
Commitments and Contingencies
Stockholders’ Equity:    
Common stock, $.00001 par value; 300,000,000 shares authorized; 145,945,679 and 125,852,971 shares issued and outstanding on September 30, 2022 and December 31, 2021, respectively 1,459 1,258
Preferred stock, $.00001 par value; 50,000,000 shares authorized; 0 shares issued and outstanding on September 30, 2022 and December 31, 2021
Additional paid-in capital 147,215,998 69,309,369
Accumulated translation adjustment (2,207,256)
Accumulated deficit (67,886,162) (44,012,422)
Total Stockholders’ Equity 77,124,039 25,298,205
Total Liabilities and Stockholders’ Equity $ 101,479,524 $ 35,812,107
[1] As of September 30, 2022, we had not obtained a third-party valuation for the acquisitions of CUATROi and NLT Secure. As such, the purchase price allocation disclosed in this Quarterly Report for CUATROi and NLT Secure may change, and, therefore, goodwill from the acquisitions may change.