Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.21.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 24,918,369 $ 28,577,396
Restricted cash 992,205 984,238
Accounts receivable 1,629,028 1,595,444
Agent annual fees receivable, net 455,437 284,725
Loan receivable   165,000
Prepaid and other current assets 615,454 1,249,650
Total current assets 28,610,493 32,856,453
Property and equipment, net 538,768 154,599
Lease right of use assets 2,223,059 437,421
Intangible assets, net 4,925,696 922,147
Goodwill 1,008,268 799,058
Other assets 57,186 55,301
Total assets 37,363,470 35,224,979
Current liabilities:    
Accounts payable 3,262,188 2,596,206
Accrued liabilities 2,083,119 1,063,889
Escrow liabilities 990,774 933,336
Long term debt - current portion 244,922 256,324
Lease liability - current portion 252,404 140,100
Total current liabilities 6,833,407 4,989,855
Long-term debt, net of current portion 260,538 282,950
Lease liability, net of current portion 1,976,087 301,429
Total liabilities 9,070,032 5,574,234
Commitments and contingencies
Stockholders' Equity (Deficit)    
Common stock, no par value, 100,000,000 authorized and 13,979,556 and 13,830,351 issued and outstanding as of March 31, 2021 and December 31, 2020
Treasury Stock, at cost, 5,683 shares as of March 31, 2021 and December 31, 2020 (30,000) (30,000)
Additional paid-in capital 39,211,307 37,168,896
Accumulated deficit (10,887,869) (7,488,151)
Total stockholders' equity 28,293,438 29,650,745
Total liabilities and stockholders' equity $ 37,363,470 $ 35,224,979