XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash $ 3,926,150 $ 4,541,013
Accounts receivable, net 10,760,417 7,109,173
Due from Mullen Technologies, Inc. 2,039,961 480,000
Prepaid expenses and other assets 1,709,847 1,837,972
Total current assets, net 18,436,375 13,968,158
Intangible assets, net 2,801,626 3,595,326
Goodwill 7,681,186 7,681,186
Operating lease right-of-use asset 732,013 801,062
Other long term assets 1,121,907 780,998
Total assets 30,773,107 26,826,730
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 10,042,807 7,171,376
Accrued expenses 3,082,697 4,604,097
Deferred revenue 1,461,017 1,607,329
Notes payable (current portion) 520,397 1,330,018
Operating lease liability (current portion) 72,720 140,973
Due to related party 346,331 216,657
Total current liabilities 15,525,970 15,070,450
Operating lease liability (net of current portion) 660,621 660,621
Notes payable (net of current portion) 8,428,232 8,613,587
Total liabilities 24,614,823 24,344,658
STOCKHOLDERS' EQUITY    
Series A Convertible Preferred stock ($.0001 par value, 1,000,000 shares authorized, no shares issued and outstanding at June 30, 2021 and December 31, 2020) 0 0
Common stock ($.0001 par value, 100,000,000 shares authorized and 5,199,185 and 4,997,349 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively) 519 499
Paid in capital 191,722,577 189,700,103
Accumulated other comprehensive loss (2,147,227) (2,259,410)
Accumulated deficit (183,123,628) (184,692,067)
Non-controlling interest (293,957) (267,053)
Total stockholders' equity 6,158,284 2,482,072
Total liabilities and stockholders' equity $ 30,773,107 $ 26,826,730