v3.20.1
Condensed Consolidated Balance Sheets, (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 707,868 $ 686,611
Investment in securities, at fair value 33,078 0
Accounts receivable, net 444,930 521,605
Lease equipment held for sale 40,000 0
Net finance leases receivable, current portion 63,804 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 53,578 52,930
Prepaid expenses and other current assets 45,480 59,065
Employee advances and other receivable 3,753 4,421
Total current assets 1,509,491 1,659,777
Property and equipment    
Property and equipment 156,492 153,163
Accumulated depreciation and amortization (125,384) (121,542)
Property and equipment, net 31,108 31,621
Other assets    
Operating lease right-of-use assets 269,160 324,408
Finance lease right-of-use assets 246,083 169,692
Investment in account receivable, net of discount and current portion 282,857 381,512
Net finance leases receivable, net of current portion 364,457 382,727
Convertible notes receivable, net of current portion 25,500 25,191
Contractual interest in legal recovery 396,912 346,195
Deposits 9,575 9,575
Long term investments 204,528 209,697
Goodwill 1,426,182 1,426,182
Total other assets 3,225,254 3,275,179
Total assets 4,765,853 4,966,577
Current liabilities    
Accounts payable 36,712 74,120
Accrued expenses 299,003 217,764
Related party payable 0 27,472
Deferred revenue 21,047 22,653
Finance lease liability, current portion 57,895 41,675
Operating lease liability, current portion 171,306 184,436
Long term debt, current portion 17,656 24,017
Total current liabilities 603,619 592,137
Long-term liabilities    
Accrued salary, retirement and incentive fee - related party 1,115,502 1,108,438
Finance lease liability, net of current portion 166,016 112,418
Operating lease liability, net of current portion 101,989 140,900
Total long-term liabilities 1,383,507 1,361,756
Total liabilities 1,987,126 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 (10,122,976) (9,875,206)
Non-controlling interest (172,237) (186,050)
Total shareholders' equity 2,778,727 3,012,684
Total liabilities and shareholders' equity $ 4,765,853 $ 4,966,577
[1] * Par value is less than $0.01.

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