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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 2,020,989 $ 1,920,656
Accounts receivable, net of allowances 2,954,033 2,836,571
Prepaid expenses and other current assets 2,063,111 1,837,596
Contract assets 380,119 254,483
Inventory 15,061 15,275
Total current assets 7,433,313 6,864,581
Property and equipment, net of accumulated depreciation and amortization 196,630 197,020
Right of use assets 202,495 536,272
Deferred tax assets, net 312,342 330,552
Software development costs, net 17,639 19,278
Other assets 862,515 863,964
Goodwill 4,150,339 4,150,339
Other intangible assets, net 84,052 100,134
Long-term contract assets 188,119 343,934
Total assets 13,447,444 13,406,074
Current liabilities:    
Accounts payable 917,570 453,791
Accrued expenses 2,374,705 2,293,765
Lease liability obligations, current 235,962 665,074
Short-term loan, net of debt issuance costs and discounts 3,396,568 3,320,863
Deferred revenue 4,151,083 4,603,270
Total current liabilities 11,075,888 11,336,763
Other long-term liabilities 698,323 703,889
Notes payable, net of debt issuance costs and discounts 0 754,000
Deferred tax liabilities 520,905 513,027
Deferred revenue, net of current portion 2,303,675 1,765,859
Total liabilities 14,598,791 15,073,538
Commitments and contingencies (Note 11)
Series A redeemable convertible preferred stock, $0.001 par value, 2,000,000 shares authorized, 900,000 shares issued and outstanding, redemption value of $13,623,747 and $13,346,577, respectively 13,415,006 12,940,722
Stockholders' deficit:    
Common stock - $0.001 par value, 30,000,000 shares authorized, 5,949,463 shares and 5,949,463 shares issued and outstanding, respectively 5,949 5,949
Additional paid-in capital 109,637,357 110,107,170
Accumulated deficit (122,308,096) (122,733,344)
Accumulated other comprehensive loss, net (1,901,563) (1,987,961)
Total stockholders' deficit (14,566,353) (14,608,186)
Total liabilities and stockholders' deficit $ 13,447,444 $ 13,406,074