v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 299,833 $ 506,174
Investment in securities, at fair value 23,810 34,826
Accounts receivable, net 532,078 508,286
Net finance leases receivable, current portion 72,788 69,053
Investment in installment receivable, current portion 84,662 26,162
Convertible notes receivable, current portion 27,102 26,454
Prepaid expenses and other current assets 25,521 17,839
Employee advances and other receivable 700 1,050
Total current assets 1,066,494 1,189,844
Property and equipment    
Property and equipment 278,659 267,160
Accumulated depreciation and amortization (145,515) (129,974)
Property and equipment, net 133,144 137,186
Other assets    
Operating lease right-of-use assets 91,231 129,295
Finance lease right-of-use assets 615,701 296,078
Investment in account receivable, net of discount and current portion 275,852 303,896
Net finance leases receivable, net of current portion 266,021 306,898
Convertible notes receivable, net of current portion 56,945 55,584
Contractual interest in legal recovery 381,529 381,529
Deposits 9,575 9,575
Long term investments 205,028 205,028
Goodwill 1,426,182 1,426,182
Total other assets 3,328,064 3,114,065
Total assets 4,527,702 4,441,095
Current liabilities    
Accounts payable 40,702 18,813
Accrued expenses 297,892 259,934
Related party payable 20,000 20,000
Deferred revenue 12,944 16,198
Paycheck protection program loans, current portion 6,658
Finance lease liability, current portion 145,399 79,526
Operating lease liability, current portion 83,920 123,158
Current portion of long-term debt 15,099 15,566
Total current liabilities 615,956 539,853
Long-term liabilities    
Accrued salary, retirement, and incentive fee - related party 1,116,613 1,137,334
Related party loan 202,436
Paycheck protection program loans, net of current portion 76,872 2,791
Economic injury disaster loan 155,413 152,602
Finance lease liability, net of current portion 411,572 190,976
Operating lease liability, net of current portion 20,672 16,150
Long term debt, net of current portion 59,004 66,246
Total long-term liabilities 2,042,582 1,566,099
Total liabilities 2,658,538 2,105,952
Commitments and Contingencies
Shareholders’ equity    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized; 11 and 11 shares issued and outstanding at June 30, 2021 and December 31, 2020 *
Common stock, $0.0001 par value, 75,000,000 shares authorized; 22,850,947 and 22,850,947 shares issued and outstanding at June 30, 2021 and December 31, 2020 2,285 2,285
Additional paid in capital 13,071,655 13,071,655
Accumulated deficit (10,964,774) (10,601,231)
Non-controlling interest (240,002) (137,566)
Total shareholders’ equity 1,869,164 2,335,143
Total liabilities and shareholders’ equity $ 4,527,702 $ 4,441,095

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