XML 44 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 582,597 $ 633,593
Accounts receivable, net 1,066,117 1,123,493
Inventory, net 30,500 9,018
Prepaid expenses and other current assets 392,646 449,840
Total current assets 2,071,860 2,215,944
Operating lease right of use assets 938,844 0
Property and equipment, net 946,358 1,036,313
Goodwill 8,853,261 8,853,261
Intangible assets, net 6,049,984 6,340,171
Deferred tax assets, net - noncuurent 276,585 249,833
Other assets 80,856 114,601
Total assets 19,217,748 18,810,123
Current Liabilities    
Accounts payable 1,090,300 682,285
Accrued liabilities 1,337,346 1,433,037
Advanced payments and deferred revenues 1,118,784 1,120,228
Convertible debentures, net - current 7,050,901 676,223
Derivative liabilities 98,883 0
Senior secured promissory notes, net - current 0 3,828,818
Related party payables 772,551 1,181,645
Income taxes payable 0 41,097
Total current liabilities 11,468,765 8,963,333
Convertible debentures, net of loan discounts 241,419 2,410,614
Lease liabilities 955,487 0
Contingent purchase consideration 429,000 429,000
Other noncurrent liabilities 230,776 224,797
Total liabilities 13,325,447 12,027,744
Commitments and contingencies 0 0
Stockholders' Equity    
Preferred stock, $0.001 par value. 10,000,000 shares authorized; 925,000 and zero shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 925 0
Common stock, $0.001 par value. 200,000,000 shares authorized; 152,317,806 and 138,553,655 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 152,318 138,554
Additional paid-in capital 54,959,981 52,254,286
Accumulated earnings (deficit) (49,093,408) (45,457,207)
Accumulated other comprehensive income (127,515) (153,254)
Total stockholders' equity 5,892,301 6,782,379
Total liabilities and equity $ 19,217,748 $ 18,810,123