Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 1,035,697 $ 4,678,473
Accounts receivable, net of allowance for doubtful accounts of $0 as of September 30, 2017 and December 31, 2016 421,095 8,450
Prepaid expenses 57,201 134,852
Total current assets 1,513,993 4,821,775
Property and equipment, net 249,052 122,312
Intangible assets, net 5,449,091 5,780,213
Goodwill 6,470,225 3,271,815
Total assets 13,682,361 13,996,115
Current liabilities:    
Accounts payable and accrued liabilities 856,163 284,361
Earn out liability 310,000 0
Customer deposits 117,761 0
Total current liabilities 1,283,924 284,361
Long-term deferred tax liabilities 64,867 0
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $.001 par value; 5,000,000 shares authorized and no shares issued and outstanding 0 0
Common stock, $.001 par value; 45,000,000 shares authorized at September 30, 2017 and December 31, 2016; 12,272,974 and 9,022,308 shares issued and outstanding, respectively 12,273 9,022
Additional paid-in capital 24,003,109 18,248,582
Accumulated deficit (11,681,812) (4,545,850)
Total stockholders’ equity 12,333,570 13,711,754
Total liabilities and stockholders’ equity $ 13,682,361 $ 13,996,115