v3.22.1
CONDENSED CONSOLDIATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 249,302 $ 521,039
Accounts receivable, net (allowance for doubtful accounts was $40,000 as of March 31, 2022 and December 31, 2021) 471,623 571,994
Prepaid expenses 158,631 163,087
Total current assets 879,556 1,256,120
Equipment and software licenses - at cost, less accumulated depreciation and amortization 379,051 418,635
Other assets    
Right-of-use asset 310,162 337,179
Total other assets 310,162 337,179
Total assets 1,568,769 2,011,934
Current liabilities    
Accounts payable 305,376 233,217
Accrued liabilities 774,473 812,188
Derivative liability 173,986 76,137
Deferred revenue 74,657 229,327
Factoring credit facility 199,958 213,606
Current portion of note payable 577,783 118,277
Current portion of convertible notes payable, net of discount 1,159,179 831,991
Current portion of operating lease payable 130,065 129,392
Current portion of finance lease obligations 134,207 136,220
Total current liabilities 3,529,684 2,780,355
Convertible notes payable, net of discount 163,931 358,770
Operating lease payable, net of current portion 197,984 226,846
Finance lease obligations, net of current portion 253,369 287,911
Total long-term liabilities 615,284 873,527
Stockholders' Deficit    
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.001 par value, 180,000,000 shares authorized, and 45,919,870 and 44,919,870 shares issued and outstanding, respectively 45,920 44,920
Additional paid in capital 9,913,058 9,492,125
Accumulated deficit (12,535,177) (11,178,993)
Total stockholders' deficit (2,576,199) (1,641,948)
Total liabilities and stockholders' deficit $ 1,568,769 $ 2,011,934

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