v3.21.2

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 25,157,240	$ 28,267,792
Accounts receivable, net of allowance for doubtful accounts of $74,126 and $56,134 at June 30, 2021 and December 31, 2020, respectively	300,149	323,130
Unbilled receivables	1,265,527	1,248,060
Income taxes receivable	143,498	54,449
Other current assets	1,293,952	1,433,543
Total current assets	28,160,366	31,326,974
Property and equipment, net	1,861,067	2,188,948
Goodwill	10,230,917	10,250,088
Intangibles, net	3,672,753	4,015,851
Right-of-use assets	7,934,913	8,352,028
Other long-term assets	584,435	611,857
Total assets	52,444,451	56,745,746
Liabilities and Shareholders' Equity
Accounts payable	964,933	1,074,594
Accrued expenses and other current liabilities	2,242,981	1,259,836
Line of credit	1,900,000	1,900,000
Deferred revenue	862,767	845,265
Income taxes payable	23,755	81,221
Lease liability, current portion	748,499	724,627
Notes payable, current portion	0	2,630,962
Total current liabilities	6,742,935	8,516,505
Lease liability, net of current portion	7,358,118	7,771,898
Notes payable, net of current portion	0	768,538
Total liabilities	14,101,053	17,056,941
Shareholders' equity:
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued or outstanding at June 30, 2021 and December 31, 2020	0	0
Common stock, $0.001 par value, 50,000,000 shares authorized, 12,902,030 issued and 12,882,030 outstanding as of June 30, 2021; 12,818,797 issued and 12,798,797 outstanding as of December 31, 2020	12,902	12,819
Additional paid in capital	77,141,573	75,544,966
Accumulated other comprehensive loss	(219,736)	(215,269)
Accumulated deficit	(38,507,341)	(35,569,711)
Treasury stock	(84,000)	(84,000)
Total shareholders' equity	38,343,398	39,688,805
Total liabilities and shareholders' equity	$ 52,444,451	$ 56,745,746

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

SharpSpring, Inc. 10-Q