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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 16,993,096 $ 79,013
Accounts receivable, net 548,049 126,000
Due from factor 60,453 110,941
Note receivable 295,000
Inventory 330,947 429,119
Prepaid expenses and other 201,507 108,397
Investment – debt security 512,821 512,821
Total current assets 18,941,873 1,366,291
Resalable software license rights 58,882 73,802
Equipment and leasehold improvements, net 81,793 95,509
Capitalized contract costs, net 165,315 231,519
Deposits and other assets 8,712 8,712
Operating lease right-of-use assets 487,325 566,479
Intangible assets, net 1,514,146 154,386
Goodwill 1,262,526
Total non-current assets 3,578,699 1,130,407
TOTAL ASSETS 22,520,572 2,496,698
LIABILITIES    
Accounts payable 244,158 844,557
Loans payable – related parties 188,737
Accrued liabilities 508,487 572,885
Convertible notes payable, net of debt discount and debt issuance costs 2,255,454
Note payable – PistolStar acquisition, net of debt discount 232,000
Deferred revenue - current 657,349 359,212
Operating lease liabilities, current portion 234,309 170,560
Total current liabilities 1,876,303 4,391,405
Deferred revenue – long term 44,987
Operating lease liabilities, net of current portion 264,163 390,466
Total non-current liabilities 309,150 390,466
TOTAL LIABILITIES 2,185,453 4,781,871
Commitments
STOCKHOLDERS’ EQUITY (DEFICIT)    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 7,814,572 and 1,812,483 of $.0001 par value at December 31, 2020 and December 31, 2019, respectively 782 182
Additional paid-in capital 119,844,026 87,437,661
Accumulated deficit (99,509,689) (89,723,016)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 20,335,119 (2,285,173)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 22,520,572 $ 2,496,698