XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,839,227 $ 2,011,062
Accounts receivable, net 1,790,174 2,278,802
Prepaid expenses and other current assets 1,033,747 897,493
Contract assets, net 247,451 181,933
Total current assets 4,910,599 5,369,290
Property and equipment, net 78,126 86,263
Operating lease right-of-use assets, net 17,370 34,416
Software development costs, net 46,001 53,057
Other assets 37,741 98,747
Goodwill 4,150,339 4,150,339
Other intangible assets, net 13,285 20,086
Long-term contract assets, net 263,768 357,914
Total assets 9,517,229 10,170,112
Current liabilities:    
Accounts payable 436,711 387,379
Accrued expenses 1,220,138 1,427,979
Current portion of lease liabilities 17,370 34,416
Short-term note payable 101,227 177,149
Deferred revenue 3,589,822 3,684,742
Total current liabilities 5,365,268 5,711,665
Other long-term liabilities 956,267 956,023
Notes payable, net of debt issuance costs and discounts 2,165,874 2,163,090
Deferred tax liabilities 537,766 537,651
Deferred revenue, net of current portion 1,402,131 1,281,107
Total liabilities 10,427,306 10,649,536
Commitments and contingencies (Note 11)
Series A redeemable convertible preferred stock, $.001 par value, 2,000,000 shares authorized, 900,000 shares issued and outstanding, redemption value of $16,299,546 and $15,984,331, respectively 16,253,084 15,928,018
Stockholders' deficit:    
Common stock, $.001 par value, 30,000,000 shares authorized, 7,122,199 shares and 7,118,609 shares issued and outstanding, respectively 7,122 7,119
Additional paid-in capital 110,524,978 110,844,716
Accumulated deficit (125,954,948) (125,507,178)
Accumulated other comprehensive loss (1,740,313) (1,752,099)
Total stockholders' deficit (17,163,161) (16,407,442)
Total liabilities and stockholders' deficit $ 9,517,229 $ 10,170,112