v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 801,311 $ 2,821,570
Accounts and other receivables, net 1,595,626 811,674
Inventory 29,768 18,484
Prepaid expenses and other current assets 253,726 321,017
Total current assets 2,680,431 3,972,745
Non-current assets:    
Property and equipment, net 449,250 458,633
Operating lease right-of-use asset, net 324,942 370,312
Finance lease right-of-use asset, net 973,358 1,165,844
Goodwill 1,404,486 1,404,486
Intangible assets, net 804,306 833,472
Other assets 19,675 16,060
Total assets 6,656,448 8,221,552
Current liabilities:    
Accounts payable 848,102 604,789
Accrued expenses 969,093 1,149,811
Unearned revenue 26,135 33,058
Operating lease liability, current portion 98,593 94,708
Finance lease liability, current portion 380,259 365,463
Notes payable, current portion 4,106
Total current liabilities 2,326,288 2,247,829
Non-current liabilities:    
Finance lease liability, net of current portion 641,566 835,467
Operating lease liability, net of current portion 232,714 283,001
Notes payable, net of current portion 22,766
Total liabilities 3,223,334 3,366,297
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, par value $0.001 per share; 20,000,000 shares authorized; no shares issued or outstanding at June 30, 2024, and December 31, 2023
Common stock, par value $0.007 per share; 100,000,000 shares authorized; 11,487,046 and 9,394,610 issued and outstanding at June 30, 2024, and December 31, 2023, respectively 79,407 65,762
Additional paid-in capital 52,030,280 49,393,972
Accumulated deficit (48,676,573) (44,604,479)
Total stockholders’ equity 3,433,114 4,855,255
Total liabilities and stockholders’ equity $ 6,656,448 $ 8,221,552

Source