Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 155,315 $ 348,197
Accounts receivable, net 262,420 225,787
Prepaid and other assets 68,799 71,250
Total current assets 486,534 645,234
Property and equipment, net 241,402 259,463
Intangible assets, net 2,725,022 2,887,094
Goodwill 3,334,312 5,963,537
TOTAL ASSETS 6,787,270 9,755,328
Current liabilities:    
Accounts payable and accrued liabilities 514,382 930,168
Customer deposits 269,819 56,738
Earn out liability 310,000 310,000
Note payable 0 300,000
Total current liabilities 1,094,201 1,596,906
Long-term deferred tax liabilities 0 23,943
TOTAL LIABILITIES 1,094,201 1,620,849
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $.001 par value; 5,000,000 shares authorized at March 31, 2018 and December 31, 2017; no shares issued and outstanding 0 0
Common stock, $.001 par value; 45,000,000 shares authorized at March 31, 2018 and December 31, 2017; 14,862,974 and 12,662,974 shares issued and outstanding, respectively 14,863 12,663
Additional paid-in capital 26,706,539 24,646,229
Accumulated deficit (21,028,333) (16,524,413)
TOTAL STOCKHOLDERS’ EQUITY 5,693,069 8,134,479
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 6,787,270 $ 9,755,328