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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 3,741,600 $ 1,920,656
Accounts receivable, net of allowances 2,162,640 2,836,571
Prepaid expenses and other current assets 1,513,363 1,837,596
Contract assets 354,096 254,483
Inventory 15,381 15,275
Total current assets 7,787,080 6,864,581
Property and equipment, net 186,476 197,020
Right of use assets 194,888 536,272
Deferred tax assets 313,697 330,552
Software development costs, net 15,994 19,278
Other assets 124,552 863,964
Goodwill 4,150,339 4,150,339
Other intangible assets, net 78,504 100,134
Long-term contract assets 206,305 343,934
Total assets 13,057,835 13,406,074
Current liabilities:    
Accounts payable 578,660 453,791
Accrued expenses 1,778,444 2,293,765
Lease liability obligations, current 125,048 665,074
Short-term loan, net of debt issuance costs and discounts 0 3,320,863
Deferred revenue 4,097,365 4,603,270
Total current liabilities 6,579,517 11,336,763
Other long-term liabilities 638,300 703,889
Notes payable, net of debt issuance costs and discounts 2,146,596 754,000
Lease liability obligations, less current portion 71,205 0
Deferred tax liabilities 520,166 513,027
Deferred revenue, net of current portion 1,865,355 1,765,859
Total liabilities 11,821,139 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 $13,906,673 and $13,346,577, respectively 13,773,115 12,940,722
Stockholders' deficit:    
Common stock - $0.001 par value, 30,000,000 shares authorized, 6,789,364 shares and 5,949,463 shares issued and outstanding, respectively 6,789 5,949
Additional paid-in capital 112,020,875 110,107,170
Accumulated deficit (122,657,780) (122,733,344)
Accumulated other comprehensive loss (1,906,303) (1,987,961)
Total stockholders' deficit (12,536,419) (14,608,186)
Total liabilities and stockholders' deficit $ 13,057,835 $ 13,406,074