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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 2,774,617 $ 7,754,046
Accounts Receivable, after Allowance for Credit Loss, Current, Total 1,808,036 970,626
Due from factor 49,500 49,500
Financing Receivable, after Allowance for Credit Loss, Current, Total 0 82,000
Inventory 4,892,667 4,940,660
Prepaid expenses and other 357,726 216,041
Total current assets 9,882,546 14,012,873
Resalable software license rights 41,286 48,752
Investment – debt security, net 262,821 452,821
Equipment and leasehold improvements, net 125,824 69,168
Capitalized contract costs, net 298,673 249,012
Deposits and other assets 8,712 8,712
Note receivable, net of allowance 146,000 113,000
Operating lease right-of-use assets 263,377 254,100
Intangible assets, net 1,799,074 1,298,077
Goodwill 2,197,698 1,262,526
Total non-current assets 5,143,465 3,756,168
TOTAL ASSETS 15,026,011 17,769,041
LIABILITIES    
Accounts payable 1,068,571 427,772
Accrued liabilities 875,903 828,997
Earnout payable – Swivel acquisition 500,000 0
Government loan – BBVA Bank, current portion 120,000 0
Deferred revenue, current portion 600,819 565,355
Operating lease liabilities, current portion 178,277 177,188
Total current liabilities 3,343,570 1,999,312
Deferred revenue, net of current portion 75,187 67,300
Operating lease liabilities, net of current portion 86,874 86,974
Government loan – BBVA Bank, net of current portion 321,872  
Total non-current liabilities 483,933 154,274
TOTAL LIABILITIES 3,827,503 2,153,586
Commitments and Contingencies
STOCKHOLDERS’ EQUITY    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 8,452,621 and 7,853,759 of $.0001 par value at September 30, 2022 and December 31, 2021, respectively 845 786
Additional paid-in capital 121,123,352 120,190,139
Accumulated other comprehensive loss (229,350) 0
Accumulated deficit (109,696,339) (104,575,470)
TOTAL STOCKHOLDERS’ EQUITY 11,198,508 15,615,455
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 15,026,011 $ 17,769,041