Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,490,278 $ 579,416
Accounts receivable 1,203,947 304,769
Agent annual fees receivable, net of allowance for doubtful accounts of $449,076 and $349,420 769,899 356,131
Due from affiliates 1,476 2,561
Prepaid and other current assets 398,010 411,202
Total current assets 3,863,610 1,654,079
Property and equipment, net 99,391 105,972
Capitalized software, net 644,421 464,842
Lease right of use assets 213,501 265,140
Total assets 4,820,923 2,490,033
Current liabilities:    
Accounts payable and accrued liabilities 4,346,927 2,806,228
Due to affiliates 23,087 23,658
Loan payable - current portion 17,244 17,095
Notes payable - current portion 135,349  
Lease liability - current portion 63,767 89,566
Total current liabilities 4,586,374 2,936,547
Loan payable, net of current portion 26,433 35,093
Notes payable, net of current portion 818,232 500,000
Lease liability, net of current portion 152,814 177,578
Total liabilities 5,583,853 3,649,218
Stockholders' Deficit    
Common stock, $0.00 par value, 100,000,000 authorized and 10,210,571 and 10,211,658 issued and outstanding as of June 30, 2020 and December 31, 2019
Treasury Stock, at cost, 5,683 and 0 shares as of June 30, 2020 and December 31, 2019 (30,000)  
Additional paid-in capital 5,296,610 4,988,382
Accumulated deficit (6,029,540) (6,147,567)
Total stockholders' deficit (762,930) (1,159,185)
Total liabilities and stockholders' equity $ 4,820,923 $ 2,490,033