v3.10.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 8,716,874 $ 4,216,221
Restricted cash 138,078 103,819
Accounts receivable, net 1,213,707 1,138,380
Income taxes receivable 268
Notes receivable - current portion 149,349 171,928
Deferred franchise costs - current portion 611,047 498,433
Prepaid expenses and other current assets 882,022 542,342
Total current assets 11,711,345 6,671,123
Property and equipment, net 3,658,008 3,800,466
Notes receivable, net of current portion 128,723 351,857
Deferred franchise costs, net of current portion 2,878,163 2,312,837
Intangible assets, net 1,634,060 1,760,042
Goodwill 2,916,426 2,916,426
Deposits and other assets 599,627 623,308
Total assets 23,526,352 18,436,059
Current liabilities:    
Accounts payable 1,253,274 1,068,669
Accrued expenses 266,322 86,959
Co-op funds liability 104,057 89,681
Payroll liabilities 2,035,658 867,430
Notes payable - current portion 1,100,000 100,000
Deferred rent - current portion 136,550 152,198
Deferred franchise revenue - current portion 2,370,241 1,994,182
Deferred revenue from company clinics 994,493 867,804
Other current liabilities 477,528 152,534
Total current liabilities 8,738,123 5,379,457
Notes payable, net of current portion 1,000,000
Deferred rent, net of current portion 721,730 802,492
Deferred franchise revenue, net of current portion 11,239,221 9,552,746
Deferred tax liability 76,672 136,434
Other liabilities 389,362 411,497
Total liabilities 21,165,108 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 December 31, 2018 and 2017
Common stock, $0.001 par value; 20,000,000 shares authorized, 13,757,200 shares issued and 13,742,530 shares outstanding as of December 31, 2018 and 13,600,338 shares issued and 13,586,254 outstanding as of December 31, 2017 13,757 13,600
Additional paid-in capital 38,189,251 37,229,869
Treasury stock 14,670 shares as of December 31, 2018 and 14,084 shares as of December 31, 2017, at cost (90,856) (86,045)
Accumulated deficit (35,750,908) (36,003,991)
Total stockholders' equity 2,361,244 1,153,433
Total liabilities and stockholders' equity $ 23,526,352 $ 18,436,059

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