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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 5,801,121 $ 7,754,046
Accounts receivable, net 2,553,331 970,626
Due from factor 51,850 49,500
Financing Receivable, after Allowance for Credit Loss, Current, Total 82,000 82,000
Inventory 4,956,472 4,940,660
Prepaid expenses and other 361,365 216,041
Total current assets 13,806,139 14,012,873
Resalable software license rights 46,247 48,752
Investment – debt security, net 452,821 452,821
Equipment and leasehold improvements, net 129,159 69,168
Capitalized contract costs, net 279,789 249,012
Deposits and other assets 8,712 8,712
Note receivable, net of allowance 110,000 113,000
Operating lease right-of-use assets 202,513 254,100
Intangible assets, net 2,646,804 1,298,077
Goodwill 1,720,803 1,262,526
Total non-current assets 5,596,848 3,756,168
TOTAL ASSETS 19,402,987 17,769,041
LIABILITIES    
Accounts payable 1,014,270 427,772
Accrued liabilities 895,453 828,997
Earnout payable – Swivel acquisition 500,000 0
Government loan – BBVA Bank – current portion 123,000 0
Deferred revenue – current 798,830 565,355
Operating lease liabilities, current portion 156,730 177,188
Total current liabilities 3,488,283 1,999,312
Deferred revenue – long term 54,699 67,300
Operating lease liabilities, net of current portion 54,710 86,974
Government loan – BBVA Bank – net of current portion 423,740  
Total non-current liabilities 533,149 154,274
TOTAL LIABILITIES 4,021,432 2,153,586
Commitments and Contingencies
STOCKHOLDERS’ EQUITY    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 8,406,451 and 7,853,759 of $.0001 par value at March 31, 2022 and December 31, 2021, respectively 841 786
Additional paid-in capital 120,899,785 120,190,139
Accumulated other comprehensive income 55,802 0
Accumulated deficit (105,574,873) (104,575,470)
TOTAL STOCKHOLDERS’ EQUITY 15,381,555 15,615,455
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 19,402,987 $ 17,769,041