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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 307,086 $ 2,635,522
Accounts receivable, net 2,799,218 1,522,784
Due from factor 62,572 49,500
Inventory 4,289,213 4,434,369
Prepaid expenses and other 362,250 342,706
Total current assets 7,820,339 8,984,881
Equipment and leasehold improvements, net 69,202 107,413
Capitalized contract costs, net 264,348 283,069
Deposits and other assets 0 8,712
Deferred offering costs 25,434 0
Operating lease right-of-use assets 50,465 197,355
Intangible assets, net 1,519,592 1,762,825
Total non-current assets 1,929,041 2,359,374
TOTAL ASSETS 9,749,380 11,344,255
LIABILITIES    
Accounts payable 1,656,107 1,108,279
Accrued liabilities 1,080,032 1,009,123
Income taxes payable 162,811 0
Convertible note payable 2,331,497 2,596,203
Government loan – BBVA Bank, current portion 135,308 120,000
Deferred revenue, current 610,451 462,418
Operating lease liabilities, current portion 51,746 159,665
Total current liabilities 6,027,952 5,455,688
Deferred revenue, long term 32,354 52,134
Deferred tax liability 152,998 170,281
Government loan – BBVA Bank – net of current portion 221,625 326,767
Operating lease liabilities, net of current portion 0 37,829
Total non-current liabilities 406,977 587,011
TOTAL LIABILITIES 6,434,929 6,042,699
Commitments and Contingencies
STOCKHOLDERS’ EQUITY    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 9,501,669 and 9,190,504 of $.0001 par value at September 30, 2023 and December 31, 2022, respectively 950 919
Additional paid-in capital 122,263,106 122,028,612
Accumulated other comprehensive loss (115,208) (242,602)
Accumulated deficit (118,834,397) (116,485,373)
TOTAL STOCKHOLDERS’ EQUITY 3,314,451 5,301,556
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 9,749,380 $ 11,344,255