v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 9,687,690 $ 13,934,265
Restricted cash 508,261 508,261
Accounts receivable, net 2,579,187 1,403,774
Prepaid expenses and other current assets 2,492,089 2,383,764
Total current assets 15,267,227 18,230,064
Fixed assets, net 159,159 153,151
Investment, net 226,101 226,101
Capitalized software, net 8,012,387 7,311,676
Intangible assets, net 20,708,046 21,609,794
Goodwill 29,964,160 46,942,681
Other noncurrent assets 9,700 9,700
Total Assets 74,346,780 94,483,167
Current liabilities    
Accounts payable, accrued expenses and other accrued liabilities 7,463,341 6,063,520
Contingent consideration payable 6,300,000 6,300,000
Current portion of deferred revenue 3,369,631 3,543,819
Current portion of long-term debt 13,200,000 13,200,000
Derivative liability 45,127 63,178
Total current liabilities 30,378,099 29,170,517
Long-term portion of deferred revenue 486,201 582,676
Long-term debt, less current portion 2,137,000 4,105,000
Deferred tax liabilities 565,184 675,291
Total liabilities 33,566,484 34,533,484
Equity:    
Preferred stock, par value $0.0001; 5,000,000 shares authorized, 1 share special voting preferred stock issued and outstanding at March 31, 2022 and December 31, 2021
Special voting preferred stock, par value $0.0001; 1 share authorized, issued and outstanding as of March 31, 2022 and December 31, 2021, with $1 preference in liquidation; exchangeable shares, no par value, 306,852 and 309,286 shares issued and outstanding as of March 31, 2022 and December 31, 2021 respectively 2,347,418 2,366,038
Common stock, par value $0.0001; 75,000,000 shares authorized, 34,175,088 and 31,001,884 issued and outstanding at March 31, 2022 and December 31, 2021, respectively 3,417 3,100
Additional paid-in capital 148,761,867 146,027,258
Accumulated other comprehensive loss 128,723 61,523
Accumulated deficit (110,461,129) (88,508,236)
Total equity 40,780,296 59,949,683
Total liabilities and equity $ 74,346,780 $ 94,483,167

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