Financials
v3.5.0.2
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

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v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenues $ 12,789,892 $ 11,797,813
Cost of revenues 7,728,244 7,425,857
Gross margin 5,061,648 4,371,956
Operating expenses    
Selling, general and administrative 9,801,377 3,309,079
Professional and legal fees 1,778,612 486,654
One-time professional and legal fees 911,456 0
Depreciation and amortization 564,839 82,342
Operating expenses 13,056,284 3,878,075
(Loss) income from operations (7,994,636) 493,881
Other expense (income)    
Interest expense, net 281,411 147,069
Loss on debt extinguishment 0 57,502
Loss on derivative liability 9,292,720 0
Other income (5,619) (20,000)
Other expenses, net 9,568,512 184,571
(Loss) income before income tax benefit (17,563,148) 309,310
Income tax benefit 451,858 161,255
Net (loss) income $ (17,111,290) $ 470,565
Net (loss) income per common share – basic (in Dollars per share) $ (0.22) $ 0.01
Weighted average common shares – basic (in Shares) 78,227,127 48,500,156
Net (loss) income per common share – diluted (in Dollars per share) $ (0.22) $ 0.01
Weighted average common share - diluted (in Shares) 78,227,127 48,668,720

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v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities:    
Net (loss) income $ (17,111,290) $ 470,565
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 564,839 82,342
Stock-based compensation 1,424,672 0
Loss on debt extinguishment 0 57,502
Change in contingent consideration liability 145,997 0
Loss on derivative liability 9,292,720 0
Changes in Operating Assets and Liabilities:    
Accounts receivable (396,664) (198,824)
Other receivable (105,799) 0
Unbilled revenues (429,665) 69,795
Deferred tax benefit (459,512) (161,255)
Prepaid expenses and other current assets (143,866) (118,450)
Restricted cash (545,008) (200)
Security deposits (41,141) 24,632
Accounts payable and accrued liabilities 842,147 220,985
Deferred revenue 61,832 68,420
Security deposit payable 20,000 30,000
Deferred rent 13,986 (17,763)
Net Cash (Used in) Provided by Operating Activities (6,866,752) 527,749
Cash Flows From Investing Activities:    
Purchase of property and equipment (260,285) (15,137)
Internally developed software (208,749) 0
Consideration paid for acquisitions, net of cash acquired (542,399) 0
Loans to related parties 0 (46,433)
Net Cash Used in Investing Activities (1,011,433) (61,570)
Cash Flows From Financing Activities:    
Gross proceeds from factor borrowing 4,167,113 11,283,679
Repayments of factor borrowing (5,001,051) (11,320,036)
Distribution to stockholders 0 (45,808)
Proceeds from the issuance of short-term debt 623,642 0
Proceeds from the issuance of Series A redeemable convertible preferred stock, net of issuance costs 9,385,598 0
Repayment of capital lease obligations (82,897) (57,781)
Repayment of notes payable (6,600) (261,600)
Proceeds on issuance of notes payable 0 20,000
Proceeds from private placement, net of issuance costs 0 4,798,553
Net Cash Provided by Financing Activities 9,085,805 4,417,007
Net Change in Cash 1,207,620 4,883,186
Cash, beginning of period 4,888,797 5,611
Cash, end of period 6,096,417 4,888,797
Supplemental Disclosures of Cash Flow Information:    
Cash paid for taxes 13,031 4,495
Cash paid for interest 113,635 151,041
Non-Cash Transactions:    
Reclassification of due from related party to distribution 0 456,563
Conversion of notes payable into common stock issuable 0 345,000
Warrant issuance in connection with private placement 0 1,751,962
Addition of capital leases 228,038 38,281
Common stock issued in connection with acquisitions 4,929,000 0
Cashless exercise of warrants 222,299 0
Contingent Consideration in Connection with Aquisition [Member]    
Non-Cash Transactions:    
Non cash consideration in connection with acquisitions 4,922,613 0
Deferred Revenue in Connection with Acquisition [Member]    
Non-Cash Transactions:    
Non cash consideration in connection with acquisitions $ 127,334 $ 0

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