Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current Assets    
Cash $ 6,096,417 $ 4,888,797
Accounts receivable 1,713,112 1,316,448
Other receivable 105,799 0
Unbilled revenues 491,714 62,049
Deferred tax assets 0 161,255
Prepaid expenses and other current assets 309,773 165,907
Total Current Assets 8,716,815 6,594,456
Property and Equipment, net 473,051 154,917
Other Assets    
Restricted cash 655,707 110,699
Security deposits 65,216 24,075
Internally developed software 208,749 0
Goodwill 8,218,940 0
Intangible assets, net 2,533,350 0
Total Other Assets 11,681,962 134,774
Total Assets 20,871,828 6,884,147
Current Liabilities    
Current maturities of capital lease liability 129,857 53,610
Current maturities of notes payable 6,600 6,600
Accounts payable and accrued liabilities 1,881,448 1,039,301
Due to factor 0 833,938
Short-term debt 623,642 0
Deferred revenue 257,586 68,420
Contingent consideration, current portion 343,777 0
Total Current Liabilities 3,242,910 2,001,869
Long-Term Liabilities    
Capital lease liability, net of current maturities 184,852 111,130
Notes payable, net of current maturities 46,820 53,420
Security deposit payable 50,000 30,000
Deferred rent, net of current portion 69,415 55,429
Derivative liability 17,220,000 0
Contingent consideration, net of current portion 274,260 0
Total Long-Term Liabilities 17,845,347 249,979
Total Liabilities 21,088,257 2,251,848
Commitment and Contingencies (Note 18)
Redeemable convertible preferred stock net of issuance costs, par value $0.00001; 10,000,000 shares authorized; 1,088 and 0 shares issued and outstanding as of December 31, 2015 and 2014, respectively 1,458,318 0
Stockholders' (Deficit) Equity    
Common stock, par value $0.00001; 150,000,000 shares authorized; 78,247,864 and 77,575,617 shares issued and outstanding as of December 31, 2015 and 2014, respectively 783 776
Additional paid-in capital 16,007,516 5,203,279
Accumulated deficit (17,683,046) (571,756)
Total Stockholders' (Deficit) Equity (1,674,747) 4,632,299
Total Liabilities, Redeemable convertible preferred stock and Stockholders’ (Deficit) Equity $ 20,871,828 $ 6,884,147