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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,411,108 $ 2,122,297
Accounts receivable, less allowance for doubtful accounts of $767,464 and $929,339 as of December 31, 2019 and 2018, respectively 13,899,451 16,711,809
Prepaid expenses and other current assets 1,110,266 965,755
Total current assets 18,420,825 19,799,861
Goodwill 58,208,490 58,208,490
Intangible assets, net 1,590,524 2,610,921
Property and equipment, net, and other assets 2,436,094 968,025
Total assets 80,655,933 81,587,297
Current liabilities:    
Accounts payable and accrued liabilities 13,316,805 15,777,921
Deferred revenue and other current liabilities 19,644 71,717
Total current liabilities 13,336,449 15,849,638
Revolving credit facility, net 4,534,683 5,194,588
Other long-term liabilities 1,140,749 353
Total liabilities 19,011,881 21,044,579
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of December 31, 2019 and 2018
Common stock, $0.001 par value, 200,000,000 shares authorized, 15,372,905 and 15,328,870 shares issued and outstanding as of December 31, 2019 and 2018, respectively 15,373 15,329
Additional paid-in capital 160,858,072 159,701,542
Accumulated deficit (99,229,393) (99,174,153)
Total stockholders’ equity 61,644,052 60,542,718
Total liabilities and stockholders’ equity $ 80,655,933 $ 81,587,297