v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 490,648 $ 453,939
Investment in securities at fair value 759 1,009
Accounts receivable, net 736,865 706,418
Other receivable 19,069 33,222
Net finance leases receivable, current portion 78,776 76,727
Investment in installment receivable, current portion 101,200
Convertible notes receivable, current portion 59,086 58,491
Prepaid expenses and other current assets 48,720 14,284
Employee advances and other receivable 2,600 3,750
Total current assets 1,537,723 1,347,840
Property and equipment    
Property and equipment 327,428 299,526
Accumulated depreciation and amortization (160,370) (144,480)
Property and equipment, net 167,058 155,046
Other assets    
Operating lease right-of-use assets 37,775 41,128
Finance lease right-of-use assets 649,234 645,611
Investment in account receivable, net of discount and current portion 171,673 301,433
Net finance leases receivable, net of current portion 208,212 229,923
Convertible notes receivable, net of current portion 28,117 27,834
Contractual interest in legal recovery 396,666 396,666
Deposits 9,575 9,575
Long term investments 204,703 205,203
Goodwill 1,426,182 1,426,182
Total other assets 3,132,137 3,283,555
Total assets 4,836,918 4,786,441
Current liabilities    
Accounts payable 31,532 41,278
Accrued expenses 461,788 411,860
Related party payable 214,752 232,244
Deferred revenue 15,172 16,308
Economic injury disaster loan, current portion 1,076
Finance lease liability, current portion 175,797 167,515
Operating lease liability, current portion 32,919 42,058
Current portion of long-term debt 29,354 23,203
Total current liabilities 962,390 934,466
Long-term liabilities    
Accrued salary, retirement, and incentive fee - related party 1,134,565 1,127,865
Paycheck protection program loans, net of current portion
Economic injury disaster loan 158,692 158,324
Finance lease liability, net of current portion 411,604 415,465
Operating lease liability, net of current portion 4,975
Long term debt, net of current portion 77,704 66,669
Total long-term liabilities 1,782,565 1,773,298
Total liabilities 2,744,955 2,707,764
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, 2022 and December 31, 2021 [1]
Common stock, $0.0001 par value, 75,000,000 shares authorized; 22,941,357 and 22,850,947 shares issued and outstanding at March 31, 2022 and December 31, 2021 2,294 2,285
Additional paid in capital 13,085,992 13,071,655
Accumulated deficit (10,966,738) (10,874,079)
Non-controlling interest (29,585) (121,184)
Total shareholders’ equity 2,091,963 2,078,677
Total liabilities and shareholders’ equity $ 4,836,918 $ 4,786,441
[1] Par value is less than $0.01.

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