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ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Sep. 30, 2021
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule of anti-dilutive earnings per share |
|  | Nine |  |  | Nine |
|  | Months ended |  |  | Months ended |
|  | September 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |
Options |  |  | 2,362,390 |  |  |  | 1,605,758 |
Stock awards |  |  | 234,100 |  |  |  | 866,500 |
Warrants |  |  | 6,682,359 |  |  |  | 3,653,443 |
Convertible notes |  |  | - |  |  |  | 1,845,703 |
Convertible preferred stock |  |  | 86,000 |  |  |  | 16,550,275 |
|  |  | 9,364,849 |  |  |  | 24,521,679 |
Schedule of revenues |
|  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |
Software Subscriptions |  | $ | 640,902 |  |  | $ | 0 |
Recruiters on Demand |  |  | 6,192,133 |  |  |  | 466,421 |
Permanent placement fees |  |  | 631,221 |  |  |  | 422,511 |
Marketplace Solutions |  |  | 443,801 |  |  |  | 257,890 |
Consulting and staffing services |  |  | 5,895,264 |  |  |  | 5,011,882 |
Total revenue |  | $ | 13,803,321 |  |  | $ | 6,158,704 |
|  | Three Months Ended September 30, |
|  | 2021 |  |  | 2020 |
Software Subscriptions |  | $ | 465,112 |  |  | $ | 0 |
Recruiters on Demand |  |  | 3,437,706 |  |  |  | 234,590 |
Permanent placement fees |  |  | 403,059 |  |  |  | 131,744 |
Marketplace Solutions |  |  | 286,845 |  |  |  | 104,007 |
Consulting and staffing services |  |  | 1,665,160 |  |  |  | 1,521,826 |
Total revenue |  | $ | 6,257,882 |  |  | $ | 1,992,167 |
Schedule Expected Deferred Revenue Recognition Schedule |
|  | Total Deferred 9/30/21 |  |  | Recognized Q4 2021 |  |  | Recognized Q1 2022 |  |  | Recognized Q2 2022 |  |  | Recognized Q3 2022 |  |  | Recognized Q4 2022 |  |  | Recognized 2023 |
Recruiters on Demand |  | $ | 145,048 |  |  | $ | 65,955 |  |  | $ | 65,955 |  |  | $ | 13,137 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Full-time Placement |  | $ | 382,308 |  |  | $ | 307,738 |  |  | $ | 74,570 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 0 |
Software Subscriptions |  | $ | 93,987 |  |  | $ | 59,577 |  |  | $ | 22,873 |  |  | $ | 9,121 |  |  | $ | 2,416 |  |  | $ | 0 |  |  | $ | 0 |
Marketplace |  | $ | 56,163 |  |  | $ | 45,129 |  |  | $ | 4,008 |  |  | $ | 4,052 |  |  | $ | 2,326 |  |  | $ | 188 |  |  | $ | 461 |
TOTAL |  | $ | 677,506 |  |  | $ | 478,399 |  |  | $ | 167,406 |  |  | $ | 26,310 |  |  | $ | 4,742 |  |  | $ | 188 |  |  | $ | 461 |
Schedule of fair values of financial assets and liabilities |
Schedule of derivative liability measured at fair value on a recurring basis |
|  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |
Balance at December 31 |  | $ | 11,537,997 |  |  | $ | 612,042 |
Additions to derivative instruments |  |  | 5,960,059 |  |  |  | 5,625,519 |
Reclassifications to equity upon modification or cancellation of warrants |  |  | (10,182,476 | ) |  |  | 2,642,175 |
(Gain) loss on change in fair value of derivative liability |  |  | (7,315,580 | ) |  |  | (3,306,350 | )
Balance at September 30 |  | $ | - |  |  | $ | 5,573,386 |
Schedule of diluted loss per share |
|  | Three months ended |
|  | September 30, |
|  | 2020 |
Net income attributable to common shareholders |  | $ | 1,435,418 |
Income attributable to warrant derivatives |  |  |  |
Change in fair value of derivative |  |  | (4,210,526 | )
Diluted loss attributable to common shareholders |  | $ | (2,775,108 | )
Basic shares outstanding |  |  | 5,127,443 |
Warrant derivative shares |  |  | 3,653,443 |
Diluted shares outstanding |  |  | 8,780,886 |
Diluted loss per share |  | $ | (0.32 | )

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