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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,963,690 $ 3,411,108
Accounts receivable, less allowance for doubtful accounts of $839,560 and $767,464 as of June 30, 2020 and December 31, 2019, respectively 13,942,078 13,899,451
Prepaid expenses and other current assets 1,422,903 1,110,266
Total current assets 19,328,671 18,420,825
Goodwill 58,208,490 58,208,490
Intangible assets, net 1,016,425 1,590,524
Property and equipment, net, and other assets 2,293,888 2,436,094
Total assets 80,847,474 80,655,933
Current liabilities:    
Accounts payable and accrued liabilities 12,633,891 13,316,805
Deferred revenue and other current liabilities 170,933 19,644
Total current liabilities 12,804,824 13,336,449
Revolving credit facility, net 3,792,568 4,534,683
Other long-term liabilities 820,976 1,140,749
Total liabilities 17,418,368 19,011,881
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, 2020 and December 31, 2019
Common stock, $0.001 par value, 200,000,000 shares authorized, 15,403,111 and 15,372,905 shares issued and outstanding as of June 30, 2020 and December 31, 2019 15,403 15,373
Additional paid-in capital 161,665,760 160,858,072
Accumulated deficit (98,252,057) (99,229,393)
Total stockholders’ equity 63,429,106 61,644,052
Total liabilities and stockholders’ equity $ 80,847,474 $ 80,655,933