v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 686,611 $ 1,470,574
Investment in securities, at fair value 0 362,585
Deposits on manufacturing equipment purchases 0 43,907
Accounts receivable, net 521,605 437,508
Net finance leases receivable, current portion 62,145 175,727
Net finance leases receivable, non-performing, current portion 269,000 0
Investment in accounts receivable, current portion 4,000 117,000
Notes receivable, current portion 0 45,173
Convertible notes receivable, current portion 52,930 26,384
Prepaid expenses and other current assets 59,065 77,634
Employee advances 4,421 4,004
Total current assets 1,659,777 2,760,496
Property and equipment    
Property and equipment 153,163 195,571
Accumulated depreciation and amortization (121,542) (152,602)
Property and equipment, net 31,621 42,969
Other assets    
Operating lease right-of-use assets 324,408 0
Finance lease right-of-use assets 169,692 0
Investment in account receivable, net of discount and current portion 381,512 418,518
Net finance leases receivable, net of current portion 382,727 1,361,554
Notes receivable, net of current portion 0 971,653
Convertible notes receivable, net of current portion 25,191 50,417
Contractual interest in legal recovery 346,195 800,002
Deposits 9,575 9,575
Long term investments 209,697 251,297
Goodwill 1,426,182 1,426,182
Total other assets 3,275,179 5,289,198
Total assets 4,966,577 8,092,663
Current liabilities    
Accounts payable 74,120 67,455
Accrued expenses 217,764 359,568
Related party payable 27,472 40,000
Deferred revenue 22,653 86,461
Finance lease liability - current portion 41,675 0
Operating lease liability - current portion 184,436 0
Current portion of long-term debt 24,017 53,166
Total current liabilities 592,137 606,650
Long-term liabilities    
Accrued salary, retirement and incentive fee - related party 1,108,438 1,027,118
Finance lease liability, net of current portion 112,418 0
Operating lease liability, net of current portion 140,900 0
Long term debt, net of current portion 0 25,055
Total long-term liabilities 1,361,756 1,052,173
Total liabilities 1,953,893 1,658,823
Commitments and Contingencies 0 0
Shareholders' equity    
Preferred Stock, Value [1] 0 0
Common Stock, Value, Issued 2,285 2,314
Additional paid in capital 13,071,655 13,071,626
Accumulated deficit (9,875,206) (6,438,316)
Accumulated other comprehensive income (loss), net of tax 0 0
Non-controlling interest (186,050) (201,784)
Total shareholders' equity 3,012,684 6,433,840
Total liabilities and shareholders' equity $ 4,966,577 $ 8,092,663
[1] Par value is less than $0.01

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