SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2021

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 13 – SUBSEQUENT EVENTS

On April 1, 2021, the Company acquired certain assets of CT-Solution, Inc. (“CTS”) pursuant to an Asset Purchase Agreement.  In consideration for the acquired assets, the Company issued a promissory note to CTS in the principal aggregate amount of $130,000 (the “CTS Note”).  The CTS Note is due in 36 months from the closing date and bears interest at a rate of two (2%) percent per annum. Monthly payments including interest are $3,724.

On May 1, 2021, the Company acquired certain assets of Peoplesense, Inc. (“Peoplesense”) pursuant to an Asset Purchase Agreement.  In consideration for the acquired assets, the Company paid $145,703 in cash and issued a promissory note to Peoplesense in the principal aggregate amount of $450,000, and assumed liabilities in the amount of $104,297 in the form of customer deposits related to prepaid time and/or technical support.  The Peoplesense Note is due in 36 months from the closing date and bears interest at a rate of two (2%) percent per annum. Monthly payments including interest are $12,889.

In April 2021, the Company entered into an At Market Issuance Sales Agreement (the “2021 At Market Agreement”) with H.C wainwright & Co. (the “Sales Agent”) under which the Company may issue and sell shares of its common stock having an aggregate offering price of up to $3,308,842 from time to time through the Sales Agent. Sales of the Company’s common stock through the Sales Agent, if any, will be made by any method that is deemed an “at the market” offering as defined by the SEC. The Company will pay to the Sales Agent a commission rate equal to 3.0% of the gross proceeds from the sale of any shares of common stock sold through the Sales Agent under the 2021 At Market Agreement.

Shares of common stock sold under the 2021 At Market Agreement are made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333- 249238), filed with the Securities and Exchange Commission (the “SEC”) on October 2, 2020, as amended, and declared effective on October 23, 2020 (the “2020 Registration Statement”), the prospectus  included in the 2020 Registration Statement and the related prospectus supplement dated February 26, 2021. No shares have been sold pursuant to the 2021 At Market Agreement.