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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,398,725 $ 1,328,174
Accounts receivable, less allowance for doubtful accounts of $720,695 and $333,578 as of June 30, 2017 and December 31, 2016, respectively 30,086,372 34,828,495
Prepaid expenses and other current assets 2,044,203 2,671,002
Total current assets 33,529,300 38,827,671
Goodwill 58,337,290 58,337,290
Intangible assets, net 6,799,678 8,489,586
Property and equipment, net, and other assets 1,856,321 2,414,921
Total assets 100,522,589 108,069,468
Current liabilities:    
Accounts payable and accrued liabilities 29,400,151 35,305,559
Deferred revenue and other current liabilities 408,377 406,057
Total current liabilities 29,808,528 35,711,616
Revolving credit facility, net 6,167,612 4,750,000
Other long-term liabilities 76,054 335,644
Total liabilities 36,052,194 40,797,260
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of June 30, 2017 and December 31, 2016, respectively
Common stock, $0.001 par value, 200,000,000 shares authorized, 15,281,324 and 15,272,575 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 15,281 15,273
Additional paid-in capital 158,530,015 158,171,831
Accumulated deficit (94,074,901) (90,914,896)
Total stockholders’ equity 64,470,395 67,272,208
Total liabilities and stockholders’ equity $ 100,522,589 $ 108,069,468