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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 581,458 $ 306,252
Accounts receivable, net of allowance for doubtful accounts of $33,000 and $21,000, respectively 712,179 864,415
Accounts receivable – related party 13,744
Prepaid expenses and other current assets 72,553 98,503
Investments - available for sale marketable securities 7,498 44,766
Total current assets 1,387,432 1,313,936
Property and equipment, net of accumulated depreciation of $1,539 and $673, respectively 1,924 2,790
Right of use asset - related party 158,987 214,020
Intangible assets, net 980,036 1,432,554
Goodwill 3,517,315 3,517,315
Total assets 6,045,694 6,480,615
Current liabilities:    
Accounts payable 321,462 621,389
Accounts payable - related parties 719,869 825,791
Accrued expenses 365,053 2,276,444
Accrued compensation 522,418 276,213
Accrued interest 73,871 985
Liability on sale of future revenues, net of discount of $34,209 and $135,641, respectively 101,916 404,101
Deferred payroll taxes 94,457
Other liabilities 38,493
Loans payable - current portion 27,784 25,934
Convertible notes payable, net of unamortized discount and costs of $2,024,675 and $0, respectively 928,450
Refundable deposit on preferred stock purchase 285,000 285,000
Warrant derivative liability 5,573,386 612,042
Lease liability - current portion - related party 73,378 73,378
Deferred revenue 78,977 145,474
Total current liabilities 9,204,514 5,546,751
Lease liability - long term portion - related party 85,609 140,642
Loans payable - long term portion 454,553 77,866
Total liabilities 9,744,676 5,765,259
Commitments and contingencies (Note 11)
Preferred stock value
Common stock, $0.0001 par value; 250,000,000 shares authorized; 5,131,508 and 3,619,658 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 513 362
Additional paid-in capital 22,776,960 18,203,048
Accumulated deficit (26,476,590) (17,488,188)
Total stockholders’ (deficit) equity (3,698,982) 715,356
Total liabilities and stockholders’ (deficit) equity 6,045,694 6,480,615
Series D Preferred Stock    
Current liabilities:    
Preferred stock value 54 46
Total stockholders’ (deficit) equity 54 46
Series E Preferred Stock    
Current liabilities:    
Preferred stock value 74 74
Total stockholders’ (deficit) equity 74 74
Series F Preferred Stock    
Current liabilities:    
Preferred stock value 7 14
Total stockholders’ (deficit) equity $ 7 $ 14