Balance Sheet

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 6,098,336 $ 549,100
Short-term investment 30,029 30,017
Accounts receivable, net 357,197 234,518
Costs and estimated earnings in excess of billings on uncompleted contracts 59,224 33,349
Prepaid expenses 343,173 124,720
Inventory 9,445
Total current assets 6,887,959 981,149
Equipment, net 7,668 5,559
Goodwill 4,162,173 4,162,173
Intangible assets, net 3,175,563 3,587,250
Totals 14,233,363 8,736,131
Current liabilities:    
Accounts payable and accrued expenses 927,724 350,772
Billings in excess of costs and estimated earnings on uncompleted contracts 802,915 48,478
Deferred revenue 72,788
Conversion option liabilities 384,461
Total current liabilities 1,730,639 856,499
Convertible debentures, net of discounts 2,446,337
Total liabilities 1,730,639 3,302,836
Commitments and Contingencies
Stockholders' equity:    
Preferred stock, $1.00 par value, 5,405,010 shares authorized; 0 issued and outstanding as of September 30, 2017 and 1,801,670 issued and outstanding as of December 31, 2016 1,801,670
Common stock, $0.01 par value, 300,000,000 shares authorized; 4,257,238 issued and outstanding as of September 30, 2017 and 163,901 issued and outstanding as of December 31, 2016 42,573 1,639
Additional paid-in capital 17,206,030 4,936,562
Accumulated deficit (4,745,879) (1,306,576)
Total stockholders' equity 12,502,724 5,433,295
Totals $ 14,233,363 $ 8,736,131

Source