v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 938,764 $ 686,611
Investment in securities, at fair value 37,365 0
Accounts receivable, net 501,803 521,605
Net finance leases receivable, current portion 65,508 62,145
Net finance leases receivable-non-performing, current portion 0 269,000
Investment in accounts receivable, current portion, net of discount 117,000 4,000
Convertible notes receivable, current portion 54,233 52,930
Prepaid expenses and other current assets 30,262 59,065
Employee advances and other receivable 2,525 4,421
Total current assets 1,747,460 1,659,777
Property and equipment    
Property and equipment 169,756 153,163
Accumulated depreciation and amortization (125,580) (121,542)
Property and equipment, net 44,176 31,621
Other assets    
Operating lease right-of-use assets 219,334 324,408
Finance lease right-of-use assets 228,649 169,692
Investment in account receivable, net of discount and current portion 302,729 381,512
Net finance leases receivable, net of current portion 345,627 382,727
Convertible notes receivable, net of current portion 25,812 25,191
Contractual interest in legal recovery 381,529 346,195
Deposits 9,575 9,575
Long term investments 204,528 209,697
Goodwill 1,426,182 1,426,182
Total other assets 3,143,965 3,275,179
Total assets 4,935,601 4,966,577
Current liabilities    
Accounts payable 29,304 74,120
Accrued expenses 247,293 217,764
Related party payable 0 27,472
Deferred revenue 19,436 22,653
Paycheck protection program loans, current portion 181,530 0
Finance lease liability, current portion 58,942 41,675
Operating lease liability, current portion 161,441 184,436
Term loan 11,151 24,017
Total current liabilities 709,097 592,137
Long-term liabilities    
Accrued salary, retirement, and incentive fee - related party 1,127,043 1,108,438
Paycheck protection program loans, net of current portion 279,017 0
Finance lease liability, net of current portion 150,800 112,418
Operating lease liability, net of current portion 65,367 140,900
Total long-term liabilities 1,622,227 1,361,756
Total liabilities 2,331,324 1,953,893
Commitments and Contingencies 0 0
Shareholders' equity    
Preferred Stock, Value, Issued [1] 0 0
Common Stock, Value, Issued 2,285 2,285
Additional paid in capital 13,071,655 13,071,655
Accumulated deficit (10,307,161) (9,875,206)
Non-controlling interest (162,502) (186,050)
Total shareholders' equity 2,604,277 3,012,684
Total liabilities and shareholders' equity $ 4,935,601 $ 4,966,577
[1] Par value is less than $0.01.

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