v3.10.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 4,583,025 $ 4,216,221
Restricted cash 124,899 103,819
Accounts receivable, net 1,166,722 1,138,380
Notes receivable - current portion 180,706 171,928
Deferred franchise costs - current portion 539,517 498,433
Prepaid expenses and other current assets 632,791 542,342
Total current assets 7,227,660 6,671,123
Property and equipment, net 3,658,823 3,800,466
Notes receivable, net of current portion 259,255 351,857
Deferred franchise costs, net of current portion 2,483,977 2,312,837
Intangible assets, net 1,645,268 1,760,042
Goodwill 2,916,426 2,916,426
Deposits and other assets 596,251 623,308
Total assets 18,787,660 18,436,059
Current liabilities:    
Accounts payable 723,359 1,068,669
Accrued expenses 120,941 86,959
Co-op funds liability 107,134 89,681
Payroll liabilities 971,968 867,430
Notes payable - current portion 100,000 100,000
Deferred rent - current portion 164,018 152,198
Deferred franchise revenue - current portion 2,039,598 1,994,182
Deferred revenue from company clinics 937,526 867,804
Other current liabilities 403,160 152,534
Total current liabilities 5,567,704 5,379,457
Notes payable, net of current portion 1,000,000 1,000,000
Deferred rent, net of current portion 731,651 802,492
Deferred franchise revenue, net of current portion 9,657,869 9,552,746
Deferred tax liability 60,552 136,434
Other liabilities 424,616 411,497
Total liabilities 17,442,392 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 June 30, 2018, and December 31, 2017
Common stock, $0.001 par value; 20,000,000 shares authorized, 13,738,078 shares issued and 13,723,994 shares outstanding as of June 30, 2018 and 13,600,338 shares issued and 13,586,254 outstanding as of December 31, 2017 13,738 13,600
Additional paid-in capital 37,851,248 37,229,869
Treasury stock 14,084 shares as of June 30, 2018 and December 31, 2017, at cost (86,045) (86,045)
Accumulated deficit (36,433,673) (36,003,991)
Total stockholders' equity 1,345,268 1,153,433
Total liabilities and stockholders' equity $ 18,787,660 $ 18,436,059

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