Annual report pursuant to Section 13 and 15(d)

PRO FORMA FINANCIAL STATEMENTS (Details)

v3.20.1
PRO FORMA FINANCIAL STATEMENTS (Details) - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
ASSETS      
Cash and cash equivalents $ 445,000 $ 1,000 $ 52,000
Accounts receivable, net 101,000 224,000  
Prepaid expenses 8,000 9,000  
Total current assets 554,000 234,000  
Property and equipment, net 6,000 11,000  
Right of use lease asset - operating 53,000  
Software development costs, net 625,000 535,000  
Acquired technology, net 891,000 539,000  
Goodwill and intangible assets, net 393,000 416,000  
Total long-term assets 1,968,000 1,501,000  
TOTAL ASSETS 2,522,000 1,735,000  
LIABILITIES AND STOCKHOLDERS' DEFICIT      
Accounts payable and accrued expenses 1,001,000 664,000  
Operating lease liability, current portion 55,000  
Current maturities of long-term debt 880,000 1,361,000  
Total current liabilities 1,936,000 2,523,000  
Long-term debt 121,000 170,000  
TOTAL LIABILITIES 2,057,000 2,693,000  
TOTAL STOCKHOLDERS' EQUITY 465,000 (958,000) $ (1,264,000)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,522,000 $ 1,735,000  
iCoreConnect [Member]      
ASSETS      
Cash and cash equivalents 445,000    
Accounts receivable, net 101,000    
Prepaid expenses 8,000    
Total current assets 554,000    
Property and equipment, net 6,000    
Right of use lease asset - operating 53,000    
Software development costs, net 625,000    
Acquired technology, net 891,000    
Goodwill and intangible assets, net 393,000    
Total long-term assets 1,968,000    
TOTAL ASSETS 2,522,000    
LIABILITIES AND STOCKHOLDERS' DEFICIT      
Accounts payable and accrued expenses 1,001,000    
Operating lease liability, current portion 55,000    
Current maturities of long-term debt 880,000    
Total current liabilities 1,936,000    
Long-term debt 121,000    
TOTAL LIABILITIES 2,057,000    
TOTAL STOCKHOLDERS' EQUITY 465,000    
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,522,000    
TrinIT [Member]      
ASSETS      
Cash and cash equivalents 15,000    
Accounts receivable, net    
Prepaid expenses    
Total current assets 15,000    
Property and equipment, net 3,000    
Right of use lease asset - operating    
Software development costs, net    
Acquired technology, net    
Goodwill and intangible assets, net    
Total long-term assets 3,000    
TOTAL ASSETS 18,000    
LIABILITIES AND STOCKHOLDERS' DEFICIT      
Accounts payable and accrued expenses    
Operating lease liability, current portion    
Current maturities of long-term debt    
Total current liabilities    
Long-term debt    
TOTAL LIABILITIES    
TOTAL STOCKHOLDERS' EQUITY 18,000    
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 18,000    
Pro Forma Adjustment [Member]      
ASSETS      
Cash and cash equivalents (400,000)    
Accounts receivable, net    
Prepaid expenses    
Total current assets (400,000)    
Property and equipment, net    
Right of use lease asset - operating    
Software development costs, net    
Acquired technology, net    
Goodwill and intangible assets, net 583,000    
Total long-term assets 583,000    
TOTAL ASSETS 183,000    
LIABILITIES AND STOCKHOLDERS' DEFICIT      
Accounts payable and accrued expenses    
Operating lease liability, current portion    
Current maturities of long-term debt    
Total current liabilities    
Long-term debt    
TOTAL LIABILITIES    
TOTAL STOCKHOLDERS' EQUITY 183,000    
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 183,000    
Pro Forma Combined [Member]      
ASSETS      
Cash and cash equivalents 60,000    
Accounts receivable, net 101,000    
Prepaid expenses 8,000    
Total current assets 169,000    
Property and equipment, net 9,000    
Right of use lease asset - operating 53,000    
Software development costs, net 625,000    
Acquired technology, net 891,000    
Goodwill and intangible assets, net 976,000    
Total long-term assets 2,554,000    
TOTAL ASSETS 2,723,000    
LIABILITIES AND STOCKHOLDERS' DEFICIT      
Accounts payable and accrued expenses 1,001,000    
Operating lease liability, current portion 55,000    
Current maturities of long-term debt 880,000    
Total current liabilities 1,936,000    
Long-term debt 121,000    
TOTAL LIABILITIES 2,057,000    
TOTAL STOCKHOLDERS' EQUITY 666,000    
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,723,000