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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash $ 3,824,491 $ 507,616
Accounts receivable, net 355,994 479,404
Prepaid expenses 15,754 16,706
Other current assets 8,768 108,278
Total Current Assets 4,205,007 1,112,004
Other Assets:    
Property and equipment, net 19,807 36,653
Intangible assets, net 2,640,816 3,335,239
Deferred offering costs 210,305
Goodwill 6,858,216 6,858,216
Operating lease right-of-use asset 269,508  
Other long-term assets 384,148 316,512
TOTAL ASSETS 14,377,502 11,868,929
Current Liabilities:    
Accounts payable 359,968 592,853
Accrued expenses – related party 1,012,023
Accrued expenses 103,634 78,392
Operating lease liability – current portion 85,598
Deferred revenue 99,594
Note payable – current portion 450,000 325,000
Note payable – related parties – current portion 386,467
Total Current Liabilities 999,200 2,494,329
Long Term Liabilities:    
Note payable – related party 3,000,000
Notes payable, net of current portion 7,441,076 9,175,000
Operating lease liability – net of current portion 185,045
Total Liabilities 8,625,321 14,669,329
Commitments and contingencies (Note 9)
Stockholders’ Equity (Deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding
Series A Preferred stock, $0.01 par value, 10,000 shares authorized, 4,633 and no shares issued and outstanding, respectively 46
Common stock, $0.0001 par value; 200,000,000 shares authorized, 6,170,054 and 5,411,905 shares issued and outstanding, respectively 617 541
Additional paid-in capital 26,380,124 16,050,938
Accumulated deficit (20,628,606) (18,851,879)
Total Stockholders’ Equity (Deficit) 5,752,181 (2,800,400)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 14,377,502 $ 11,868,929