Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 14,533,000 $ 7,942,000
Accounts receivable 6,328,000 588,000
Prepaid expenses and other current assets 1,334,000 837,000
Total current assets 22,195,000 9,367,000
Property and Equipment, net 104,000 138,000
Intangible and Other Assets, net 24,243,000 1,907,000
Goodwill 50,263,000 2,565,000
Total assets 96,805,000 13,977,000
Current Liabilities    
Accounts payable and accrued expenses 5,514,000 1,829,000
Deferred revenue 76,000 0
Total current liabilities 5,590,000 1,829,000
Deferred taxes 518,000 1,208,000
Long-term note payable 0 0
Total liabilities 6,108,000 3,037,000
Commitments and Contingencies (Note 10)
Stockholders’ Equity    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, par value $0.001 per share; 100,000,000 shares authorized; 36,809,187 and 15,483,010 shares issued and outstanding as of December 31, 2021 and 2020, respectively. 46,000 25,000
Additional paid-in capital 215,943,000 115,459,000
Accumulated deficit (125,292,000) (104,544,000)
Total stockholders’ equity 90,697,000 10,940,000
Total liabilities and stockholders’ equity $ 96,805,000 $ 13,977,000