Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 348,197 $ 4,678,473
Accounts receivable, net 225,787 8,450
Prepaid and other assets 71,250 134,852
Total current assets 645,234 4,821,775
Property and equipment, net 259,463 122,312
Intangible assets, net 2,887,094 5,780,213
Goodwill 5,963,537 3,271,815
TOTAL ASSETS 9,755,328 13,996,115
Current liabilities:    
Accounts payable and accrued liabilities 930,168 284,361
Customer deposits 56,738  
Earn out liability 310,000  
Note payable 300,000 0
Total current liabilities 1,596,906 284,361
Long-term deferred tax liabilities 23,943 0
TOTAL LIABILITIES 1,620,849 284,361
Commitments and contingencies
Stockholders’ Equity:    
Preferred Stock, $.001 par value; 5,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $.001 par value; 45,000,000 shares authorized; 12,662,974 and 9,022,308 shares issued and outstanding, respectively 12,663 9,022
Additional paid-in capital 24,646,229 18,248,582
Accumulated deficit (16,524,413) (4,545,850)
TOTAL STOCKHOLDERS' EQUITY 8,134,479 13,711,754
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 9,755,328 $ 13,996,115