Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 15,426,759 $ 17,840,640
Restricted cash 500,000 500,000
Accounts receivable, net 1,887,093 1,753,547
Prepaid expenses and other current assets 2,095,614 2,458,727
Total current assets 19,909,466 22,552,914
Fixed assets, net 1,139,689 1,193,433
Investment, net 229,883 233,664
Capitalized software, net 4,201,065 3,925,739
Intangible assets, net 6,974,546 7,388,795
Goodwill 41,874,527 41,874,527
Total Assets 74,329,176 77,169,072
Current liabilities    
Accounts payable, accrued expenses and other accrued liabilities 3,060,746 3,188,576
Deferred revenue 1,105,869 843,900
Current portion of long-term debt 8,781,302 11,707,363
Derivative liability 487,372 311,376
Total current liabilities 13,435,289 16,051,215
Long-term debt, less current portion 1,127,843 3,895,237
Total liabilities 14,563,132 19,946,452
Commitments and contingencies (Note 8)  
Equity:    
Preferred stock, par value $0.0001; 5,000,000 shares authorized, none are issued and outstanding at March 31, 2021 and December 31, 2020
Exchangable Preferred Stock 12,601,744 20,405,219
Common stock, par value $0.0001; 75,000,000 shares authorized, 23,067,517 and 19,901,248 issued and outstanding at March 31, 2021 and December 31, 2020, respectively 2,306 1,990
Additional paid-in capital 110,903,949 94,086,433
Accumulated other comprehensive loss (104,727) (91,497)
Accumulated deficit (63,637,228) (57,179,525)
Total equity 59,766,044 57,222,620
Total liabilities and equity $ 74,329,176 $ 77,169,072