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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 2,635,522 $ 7,754,046
Accounts receivable, net 1,522,784 970,626
Due from factor 49,500 49,500
Note receivable, net of allowance 0 82,000
Inventory, net of reserve 4,434,369 4,940,660
Prepaid expenses and other 342,706 216,041
Total current assets 8,984,881 14,012,873
Resalable software license rights 0 48,752
Investment – debt security, net 0 452,821
Equipment and leasehold improvements, net 107,413 69,168
Capitalized contract costs, net 283,069 249,012
Deposits and other assets 8,712 8,712
Note receivable, net of allowance 0 113,000
Operating lease right-of-use assets 197,355 254,100
Intangible assets, net 1,762,825 1,298,077
Goodwill 0 1,262,526
Total non-current assets 2,359,374 3,756,168
TOTAL ASSETS 11,344,255 17,769,041
LIABILITIES    
Accounts payable 1,108,279 427,772
Accrued liabilities 1,009,123 828,997
Convertible note payable, net of debt discount 2,596,203 0
Government loan – BBVA Bank, current portion 120,000 0
Deferred revenue - current 462,418 565,355
Operating lease liabilities, current portion 159,665 177,188
Total current liabilities 5,455,688 1,999,312
Deferred revenue, net of current portion 52,134 67,300
Deferred tax liability 170,281 0
Government loan – BBVA Bank, net of current portion 326,767 0
Operating lease liabilities, net of current portion 37,829 86,974
Total non-current liabilities 587,011 154,274
TOTAL LIABILITIES 6,042,699 2,153,586
Commitments and Contingencies  
STOCKHOLDERS’ EQUITY    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 9,190,504 and 7,853,759 of $.0001 par value at December 31, 2022 and December 31, 2021, respectively 919 786
Additional paid-in capital 122,028,612 120,190,139
Accumulated other comprehensive loss (242,602) 0
Accumulated deficit (116,485,373) (104,575,470)
TOTAL STOCKHOLDERS’ EQUITY 5,301,556 15,615,455
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 11,344,255 $ 17,769,041