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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 4,893,042 $ 7,754,046
Accounts receivable, net 2,039,062 970,626
Due from factor 76,940 49,500
Financing Receivable, after Allowance for Credit Loss, Current, Total 119,644 82,000
Inventory 4,888,601 4,940,660
Prepaid expenses and other 331,697 216,041
Total current assets 12,348,986 14,012,873
Resalable software license rights 43,768 48,752
Investment – debt security, net 302,821 452,821
Equipment and leasehold improvements, net 135,237 69,168
Capitalized contract costs, net 301,225 249,012
Deposits and other assets 8,712 8,712
Note receivable, net of allowance 68,356 113,000
Operating lease right-of-use assets 206,792 254,100
Intangible assets, net 1,952,606 1,298,077
Goodwill 2,256,402 1,262,526
Total non-current assets 5,275,919 3,756,168
TOTAL ASSETS 17,624,905 17,769,041
LIABILITIES    
Accounts payable 1,279,302 427,772
Accrued liabilities 849,719 828,997
Earnout payable – Swivel acquisition 500,000 0
Government loan – BBVA Bank, current portion 122,000 0
Deferred revenue, current portion 588,949 565,355
Operating lease liabilities, current portion 192,581 177,188
Total current liabilities 3,532,551 1,999,312
Deferred revenue, net of current portion 71,524 67,300
Operating lease liabilities, net of current portion 22,004 86,974
Government loan – BBVA Bank, net of current portion 379,287  
Total non-current liabilities 472,815 154,274
TOTAL LIABILITIES 4,005,366 2,153,586
Commitments and Contingencies
STOCKHOLDERS’ EQUITY    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 8,441,574 and 7,853,759 of $.0001 par value at June 30, 2022 and December 31, 2021, respectively 844 786
Additional paid-in capital 121,022,606 120,190,139
Accumulated other comprehensive loss (110,081) 0
Accumulated deficit (107,293,830) (104,575,470)
TOTAL STOCKHOLDERS’ EQUITY 13,619,539 15,615,455
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 17,624,905 $ 17,769,041