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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 18,852,680 $ 8,914,034
Accounts receivable, net 7,418,025 6,457,841
Prepaid expenses 871,043 360,146
Total Current Assets 27,141,748 15,732,021
Property and equipment, net 176,014 149,330
Other Assets    
Goodwill 14,740,031 3,678,513
Technology assets, net 6,238,453 104,820
Patent rights, net 2,550,587 2,766,944
Right of use assets, net 559,863
Other intangible assets, net 5,151,102 2,387,303
Security deposits and other assets 80,727 235,647
Total Other Assets 29,320,763 9,173,227
TOTAL ASSETS 56,638,525 25,054,578
Current Liabilities    
Accounts payable - trade 492,995 411,010
Accrued expenses 1,800,635 1,300,882
Revenue share payable 1,618,438 1,908,616
Current portion of lease liabilities 115,431
Contingent purchase price payable 1,500,000
Deferred revenue 580,014 610,625
Total Current Liabilities 6,107,513 4,231,133
Non-current Liabilities    
Lease liabilities, net of current portion 448,753
Contingent purchase price payable, net of current portion 5,220,000 2,365,000
Total Non-Current Liabilities 5,668,753 2,365,000
Total Liabilities 11,776,266 6,596,133
Commitments and contingencies (See Note 15)
Stockholders' Equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding at December 31, 2019 and 2018,
Common stock, $0.001 par value, 166,666,667 shares authorized, 14,600,579 and 12,038,618 shares issued and outstanding at December 31, 2019 and 2018, respectively 14,601 12,039
Additional paid-in-capital 78,272,268 48,725,211
Accumulated deficit (33,424,610) (30,278,805)
Total Stockholders' Equity 44,862,259 18,458,445
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 56,638,525 $ 25,054,578