v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash $ 247,194 $ 1,219,358
Accounts receivable, net 703,751 563,905
Prepaid expenses and other current assets 492,280 1,725,062
Total current assets 1,443,225 3,508,325
Property and equipment, net 183,637 202,421
Right of use lease asset - operating 996,285 1,122,412
Software development costs, net 1,126,733 903,412
Acquired technology, net 6,435,973 0
Customer relationships, net 2,439,379 2,980,412
Forward purchase agreement 3,321,883 5,484,556
Goodwill 1,484,966 1,484,966
Total long-term assets 15,988,856 12,178,179
TOTAL ASSETS 17,432,081 15,686,504
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable and accrued expenses 5,735,108 3,243,338
Operating lease liability, current portion 239,428 241,945
Notes payable, current portion 6,543,511 4,720,454
Related party notes payable 279,462 550,975
Deferred revenue 142,528 119,598
Total current liabilities 12,940,037 8,876,310
Long-term debt, net of current maturities 2,942,584 1,420,137
Long-term related party debt, net of current maturities 314,469  
Operating lease liability, net of current portion 824,342 945,889
Total long-term liabilities 4,081,395 2,366,026
TOTAL LIABILITIES 17,021,432 11,242,336
STOCKHOLDERS' EQUITY    
Preferred Stock par value $0.0001; 40,000,000 shares authorized; Issued and Outstanding: 4,376,709 as of June 30, 2024 and 3,755,209 as of December 31, 2023 438 376
Common Stock par value $0.0001; 250,000,000 shares authorized; Issued and Outstanding: 10,404,336 as of June 30, 2024 and 10,068,477 as of December 31, 2023 1,040 1,007
Additional paid-in-capital 131,962,312 119,481,543
Accumulated deficit (131,553,141) (115,038,758)
TOTAL STOCKHOLDERS' EQUITY 410,649 4,444,168
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 17,432,081 $ 15,686,504

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