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Consolidated Balance Sheets
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
ASSETS    
Cash and cash equivalents $ 79,013 $ 323,943
Accounts receivable, net 126,000 1,574,032
Due from factor 110,941 56,682
Inventory 429,119 998,829
Resalable software license rights 1,125,000
Prepaid expenses and other 108,397 150,811
Investment – non-marketable security 512,821
Total current assets 1,366,291 4,229,297
Resalable software license rights, net of current portion 73,802 6,790,610
Equipment and leasehold improvements, net 95,509 148,608
Capitalized contract costs, net 231,519 319,199
Deposits and other assets 8,712 8,712
Operating lease right-of-use assets 566,479 0
Intangible assets, net 154,386 195,906
Total non-current assets 1,130,407 7,463,035
TOTAL ASSETS 2,496,698 11,692,332
LIABILITIES    
Accounts payable 919,294 481,269
Accrued liabilities 686,885 548,232
Convertible notes payable, net of debt discount and debt issuance costs 2,255,454
Deferred revenue 359,212 196,609
Operating lease liabilities, current portion 170,560 0
Total current liabilities 4,391,405 1,226,110
Operating lease liabilities, net of current portion 390,466 0
Total non-current liabilities 390,466 0
TOTAL LIABILITIES 4,781,871 1,226,110
Commitments and Contingencies
STOCKHOLDERS’ EQUITY (DEFICIT)    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 14,411,432 and 13,977,868 of $.0001 par value at December 31, 2019 and December 31, 2018, respectively 1,441 1,398
Additional paid-in capital 87,436,402 85,599,140
Accumulated deficit (89,723,016) (75,134,316)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) (2,285,173) 10,466,222
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 2,496,698 $ 11,692,332