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Condensed Consolidated Balance Sheets (Current Period Unaudited)
Sep. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
ASSETS    
Cash and cash equivalents $ 18,395,508 $ 79,013
Accounts receivable, net 492,380 126,000
Due from factor 63,262 110,941
Note receivable 295,000
Inventory 399,396 429,119
Prepaid expenses and other 204,019 108,397
Investment in debt security 516,121 512,821
Total current assets 20,365,686 1,366,291
Resalable software license rights 68,758 73,802
Equipment and leasehold improvements, net 78,941 95,509
Capitalized contract costs, net 149,860 231,519
Deposits and other assets 8,712 8,712
Operating lease right-of-use assets 556,915 566,479
Intangible assets, net 1,617,171 154,386
Goodwill 1,154,526
Total non-current assets 3,634,883 1,130,407
TOTAL ASSETS 24,000,569 2,496,698
LIABILITIES    
Accounts payable 314,546 844,557
Loans payable – related parties 188,737
Accrued liabilities 399,756 572,885
Convertible notes payable, net of debt discount and debt issuance costs 2,255,454
Note payable – PistolStar Acquisition, net of debt discount 235,000
Deferred revenue - current 773,013 359,212
Operating lease liabilities, current portion 229,853 170,560
Total current liabilities 1,952,168 4,391,405
Deferred revenue - long term 40,492
Operating lease liabilities, net of current portion 325,454 390,466
Total non-current liabilities 365,946 390,466
TOTAL LIABILITIES 2,318,114 4,781,871
COMMITMENTS
STOCKHOLDERS’ EQUITY    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 62,376,443 and 14,411,432 of $.0001 par value at September 30, 2020 and December 31, 2019, respectively 6,237 1,441
Additional paid-in capital 119,748,463 87,436,402
Accumulated deficit (98,072,245) (89,723,016)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 21,682,455 (2,285,173)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 24,000,569 $ 2,496,698