XML 36 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets (Current Period Unaudited)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
ASSETS    
Cash and cash equivalents $ 661,937 $ 79,013
Accounts receivable, net 120,293 126,000
Due from factor 130,670 110,941
Inventory 397,711 429,119
Prepaid expenses and other 166,572 108,397
Investment – non-marketable security 512,821 512,821
Total current assets 1,990,004 1,366,291
Resalable software license rights 68,774 73,802
Equipment and leasehold improvements, net 75,597 95,509
Capitalized contract costs, net 208,499 231,519
Deposits and other assets 8,712 8,712
Operating lease right-of-use assets 520,470 566,479
Intangible assets, net 147,222 154,386
Total non-current assets 1,029,274 1,130,407
TOTAL ASSETS 3,019,278 2,496,698
LIABILITIES    
Accounts payable 616,985 844,557
Due to related parties 66,466 188,737
Accrued liabilities 515,108 572,885
Convertible notes payable, net of debt discount and debt issuance costs 2,301,956 2,255,454
Deferred revenue 413,345 359,212
Operating lease liabilities, current portion 162,886 170,560
Total current liabilities 4,076,746 4,391,405
Operating lease liabilities, net of current portion 353,553 390,466
Total non-current liabilities 353,553 390,466
TOTAL LIABILITIES 4,430,299 4,781,871
Commitments and Contingencies
STOCKHOLDERS’ DEFICIT    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 18,391,122 and 14,411,432 of $.0001 par value at March 31, 2020 and December 31, 2019, respectively 1,839 1,441
Additional paid-in capital 91,793,124 87,436,402
Accumulated deficit (93,205,984) (89,723,016)
TOTAL STOCKHOLDERS’ DEFICIT (1,411,021) (2,285,173)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 3,019,278 $ 2,496,698