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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 7,754,046 $ 16,993,096
Accounts receivable, net 970,626 548,049
Due from factor 49,500 60,453
Financing Receivable, after Allowance for Credit Loss, Current, Total 82,000 295,000
Inventory 4,940,660 330,947
Prepaid expenses and other 216,041 201,507
Investment – debt security 0 512,821
Total current assets 14,012,873 18,941,873
Resalable software license rights 48,752 58,882
Investment - debt security, noncurrent 452,821 0
Equipment and leasehold improvements, net 69,168 81,793
Capitalized contract costs, net 249,012 165,315
Deposits and other assets 8,712 8,712
Note receivable, net of allowance 113,000 0
Operating lease right-of-use assets 254,100 487,325
Intangible assets, net 1,298,077 1,514,146
Goodwill 1,262,526 1,262,526
Total non-current assets 3,756,168 3,578,699
TOTAL ASSETS 17,769,041 22,520,572
LIABILITIES    
Accounts payable 427,772 244,158
Accrued liabilities 828,997 508,487
Note payable – PistolStar acquisition, net of debt discount 0 232,000
Deferred revenue - current 565,355 657,349
Operating lease liabilities, current portion 177,188 234,309
Total current liabilities 1,999,312 1,876,303
Deferred revenue, net of current portion 67,300 44,987
Operating lease liabilities, net of current portion 86,974 264,163
Total non-current liabilities 154,274 309,150
TOTAL LIABILITIES 2,153,586 2,185,453
Commitments
STOCKHOLDERS’ EQUITY    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 7,853,759 and 7,814,572 of $.0001 par value at December 31, 2021 and December 31, 2020, respectively 786 782
Additional paid-in capital 120,190,139 119,844,026
Accumulated deficit (104,575,470) (99,509,689)
TOTAL STOCKHOLDERS’ EQUITY 15,615,455 20,335,119
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 17,769,041 $ 22,520,572