v3.10.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 5,611,008 $ 4,216,221
Restricted cash 185,396 103,819
Accounts receivable, net 1,204,957 1,138,380
Notes receivable - current portion 145,677 171,928
Deferred franchise costs - current portion 573,893 498,433
Prepaid expenses and other current assets 702,233 542,342
Total current assets 8,423,164 6,671,123
Property and equipment, net 3,269,739 3,800,466
Notes receivable, net of current portion and reserve 167,466 351,857
Deferred franchise costs, net of current portion 2,668,493 2,312,837
Intangible assets, net 1,765,322 1,760,042
Goodwill 2,916,426 2,916,426
Deposits and other assets 593,009 623,308
Total assets 19,803,619 18,436,059
Current liabilities:    
Accounts payable 911,618 1,068,669
Accrued expenses 103,801 86,959
Co-op funds liability 145,766 89,681
Payroll liabilities 1,288,436 867,430
Notes payable - current portion 100,000 100,000
Deferred rent - current portion 143,713 152,198
Deferred franchise revenue - current portion 2,165,112 1,994,182
Deferred revenue from company clinics 1,002,578 867,804
Other current liabilities 327,924 152,534
Total current liabilities 6,188,948 5,379,457
Notes payable, net of current portion 1,000,000 1,000,000
Deferred rent, net of current portion 724,651 802,492
Deferred franchise revenue, net of current portion 10,148,199 9,552,746
Deferred tax liability 136,434
Other liabilities 407,028 411,497
Total liabilities 18,468,826 17,282,626
Commitments and contingencies
Stockholders' equity:    
Series A preferred stock, $0.001 par value; 50,000 shares authorized, 0 issued and outstanding as of September 30, 2018, and December 31, 2017
Common stock, $0.001 par value; 20,000,000 shares authorized, 13,748,678 shares issued and 13,734,008 shares outstanding as of September 30, 2018 and 13,600,338 shares issued and 13,586,254 outstanding as of December 31, 2017 13,749 13,600
Additional paid-in capital 37,997,377 37,229,869
Treasury stock 14,670 shares as of September 30, 2018 and 14,084 shares as of December 31, 2017, at cost (90,856) (86,045)
Accumulated deficit (36,585,477) (36,003,991)
Total stockholders' equity 1,334,793 1,153,433
Total liabilities and stockholders' equity $ 19,803,619 $ 18,436,059

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