v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 10,571,774 $ 13,561,266
Investment in debt securities 3,302,892 3,362,880
Accounts receivable, net of allowance for doubtful accounts of $3,121 and $5,665, respectively 229,585 100,194
Prepaid expenses and other 205,171 186,349
Inventory 69,977 46,343
Total Current Assets 14,379,399 17,257,032
Fixed assets, net of accumulated depreciation of $384,447 and $284,216, respectively 3,610,638 2,286,320
Goodwill and other indefinite lived intangibles 166,838 129,983
Other intangible assets, net of accumulated amortization of $1,442,814 and $1,205,379, respectively 3,151,288 3,207,327
Operating lease right of use asset 682,710
Other assets 48,883 43,456
Total Assets 22,039,756 22,924,118
Current Liabilities:    
Accounts payable and accrued liabilities 836,253 579,365
Borrowings under revolving line of credit 152,500
Loans payable 425,208 178,871
Operating lease liabilities 217,612
Total Current Liabilities 1,631,572 758,236
Loans payable, net of current portion 831,882 297,436
Operating lease liabilities, net of current portion 500,966
Total Liabilities 2,964,420 1,055,672
Commitments and Contingencies (Note 10)
Stockholders’ Equity    
Preferred stock, $.0001 par value; 50,000,000 shares authorized; -0- shares issued and outstanding
Common stock, $.0001 par value; 500,000,000 shares authorized; 26,312,131 and 26,243,474 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 2,631 2,624
Additional paid in capital 39,730,969 39,210,291
Accumulated deficit (20,605,906) (17,339,396)
Accumulated other comprehensive loss (52,359) (5,073)
Total Stockholders’ Equity 19,075,335 21,868,446
Total Liabilities and Stockholders’ Equity $ 22,039,756 $ 22,924,118

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