Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 5,481,949 $ 4,047,453
Accounts receivable, net 54,637,634 26,354,114
Prepaid expenses and other current assets 1,426,925 883,322
Total current assets 61,546,508 31,284,889
Property, equipment and software, net of accumulated depreciation and amortization of $219,386 and $34,218, respectively 625,028 673,218
Goodwill 6,519,636 6,519,636
Intangible assets, net 12,172,396 13,637,759
Deferred tax asset, net 5,082,424 5,164,776
Operating lease right-of-use assets 674,846 798,774
Other long-term assets 127,492 46,987
Total assets 86,748,330 58,126,039
CURRENT LIABILITIES    
Accounts payable 45,021,034 17,695,404
Accrued liabilities 4,071,128 4,777,764
Liability related to tax receivable agreement, current portion 41,141 182,571
Notes payable, current portion 1,146,250 655,000
Deferred revenues 1,044,069 546,710
Operating lease liabilities, current portion 49,977 91,989
Income taxes payable 113,355 174,438
Related party payables 1,428,093 1,448,333
Total current liabilities 52,915,047 25,572,209
Notes payable, net of short-term portion and deferred financing cost of $1,722,716 and $2,115,161, respectively 22,323,534 22,913,589
Economic Injury Disaster Loan 150,000 150,000
Liability related to tax receivable agreement, net of current portion 4,245,234 4,149,619
Operating lease liabilities, net of current portion 717,632 745,340
Total liabilities 80,351,447 53,530,757
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY    
Additional paid-in capital 8,782,092 8,224,365
Accumulated deficit (2,399,479) (3,643,261)
Total stockholders' equity 6,396,883 4,595,282
Total liabilities and stockholders' equity 86,748,330 58,126,039
Class A    
STOCKHOLDERS' EQUITY    
Common stock 2,992 2,900
Class B    
STOCKHOLDERS' EQUITY    
Common stock $ 11,278 $ 11,278