Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 862,992 $ 789,930
Accounts receivable, net 725,570 633,778
Other receivable 87,021 230,322
Prepaid expenses and other current assets 96,327 66,000
Total current assets 1,771,910 1,720,030
Property and equipment    
Property and equipment 355,725 355,725
Accumulated depreciation and amortization (223,293) (208,847)
Property and equipment, net 132,432 146,878
Other assets    
Operating lease right-of-use assets 354,964 370,164
Finance lease right-of-use assets 1,212,026 895,323
Investment in account receivable, net of discount and current portion 204,573 315,309
Security Deposit 25,575 25,575
Long term investments 104,431 94,431
Goodwill 1,426,182 1,426,182
Total other assets 3,327,751 3,126,984
Total assets 5,232,093 4,993,892
Current liabilities    
Accounts payable 27,305 32,092
Accrued expenses 541,131 658,743
Economic injury disaster loan, current portion 12,895 3,191
Finance lease liability, current portion 225,738 232,058
Operating lease liability, current portion 64,484 62,861
Current portion of long-term debt 30,266 29,011
Total current liabilities 901,819 1,017,956
Long-term liabilities    
Accrued salary, retirement, and incentive fee - related party 1,160,446 1,153,948
Economic injury disaster loan, net of current portion 147,170 157,869
Finance lease liability, net of current portion 894,995 575,852
Operating lease liability, net of current portion 290,480 307,303
Long term debt, net of current portion 46,811 54,865
Total long-term liabilities 2,539,902 2,249,837
Total liabilities 3,441,721 3,267,793
Commitments and Contingencies
Shareholders’ equity    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized; 11 and 11 shares issued and outstanding at March 31, 2023 and December 31, 2022 [1]
Common stock, $0.0001 par value, 75,000,000 shares authorized; 22,941,357 and 22,941,357 shares issued and outstanding at March 31, 2023 and December 31, 2022 2,294 2,294
Additional paid in capital 13,085,993 13,085,993
Accumulated deficit (11,394,877) (11,345,465)
Non-controlling interest 96,962 (16,723)
Total shareholders’ equity 1,790,372 1,726,099
Total liabilities and shareholders’ equity $ 5,232,093 $ 4,993,892
[1] Par value is less than $0.01.