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ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule Of Revenues

 

 

Years Ended

December 31,

 

 

 

2022

 

 

2021

 

Recruiters On Demand

 

$16,000,760

 

 

$11,393,396

 

Consulting and staffing services

 

 

4,821,777

 

 

 

7,569,253

 

Software Subscriptions

 

 

2,468,990

 

 

 

1,403,353

 

Full time placement fees

 

 

937,825

 

 

 

1,091,790

 

Marketplace Solutions

 

 

1,142,922

 

 

 

726,320

 

Total revenue

 

$25,372,274

 

 

$22,184,112

 

Expected Deferred Revenue Recognition Schedule

 

 

Total Deferred 12/31/2022

 

 

Recognize Q1 2023

 

 

Recognize Q2 2023

 

 

Recognize Q3 2023

 

 

Recognize Q4 2023

 

 

Recognize

2024

 

Recruiters On Demand

 

$49,372

 

 

$49,372

 

 

$

 -

 

 

$

 -

 

 

$

 -

 

 

$

 -

 

Full time placement fees

 

 

12,000

 

 

 

12,000

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

Software Subscriptions

 

 

12,401

 

 

 

12,401

 

 

 

-

 

 

 

-

 

 

 -

 

 

 -

 

Marketplace

 

 

141,446

 

 

 

51,139

 

 

 

35,779

 

 

 

30,456

 

 

 

19,076

 

 

 

4,996

 

TOTAL

 

$215,219

 

 

$124,912

 

 

$35,779

 

 

$30,456

 

 

$19,076

 

 

$4,996

 

Schedule Of Fair Values Of Financial Assets And Liabilities

 

 

Fair Value at December 31,

 

 

Fair Value Measurement Using

 

 

 

2021

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration for acquisitions (Note 13)

 

$578,591

 

 

$-

 

 

$-

 

 

$578,591

 

Schedule Of Derivative Liability Measured At Fair Value On A Recurring Basis

Beginning balance, December 31, 2020

 

$-

 

Acquisitions and Settlements:

 

 

 

 

Novo Group Acquisition

 

 

543,297

 

Re-measurement adjustments:

 

 

 

 

Change in fair value of earn-out liability

 

 

35,294

 

Ending balance, December 31, 2021

 

 

578,591

 

Re-measurement adjustments:

 

 

 

 

Change in fair value of earn-out liability

 

 

26,604

 

Gain on debt extinguishment

 

 

(605,195 )

Ending balance, December 31, 2022

 

$-

 

Schedule Fair Value Measurements Schedule

 

 

December 31, 2021

 

Fair value

 

$578,591

 

Valuation technique

 

Discounted cash flow

 

Significant unobservable input

 

Projected revenue and probability of achievement

 

Schedule Derivative Liability Measured At Fair Value On A Recurring Basis

 

 

Years Ended

December 31,

 

 

 

2022

 

 

2021

 

Balance at January 1

 

$

 -

 

 

$

11,537,997

 

Additions to derivative instruments

 

 

-

 

 

 

5,960,059

 

Reclassifications to equity upon modification or cancellation of warrants

 

 

-

 

 

 

(10,182,476

(Gain) loss on change in fair value of derivative liability

 

 

-

 

 

 

(7,315,580

Balance, December 31

 

$-

 

 

$-

 

Schedule Of Anti-dilutive Earnings Per Share

 

 

Years Ended

December 31,

 

 

 

2022

 

 

2021

 

Net loss

 

$(16,474,688 )

 

$(16,334,615 )

Deemed dividend

 

 

(1,921,213 )

 

 

-

 

Net loss, numerator, basic computation

 

$(18,395,901 )

 

$(16,334,615 )

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Options

 

 

3,705,121

 

 

 

2,671,177

 

Stock awards

 

 

152,925

 

 

 

229,100

 

Warrants

 

 

11,290,951

 

 

 

6,682,358

 

Convertible notes

 

 

-

 

 

 

-

 

Convertible preferred stock

 

 

430,000

 

 

 

430,000

 

 

 

 

15,578,997

 

 

 

10,012,635