• Filing Date: 2018-11-13
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
Condensed Consolidated Statements of Changes in Stockholders' Equity - 9 months ended Sep. 30, 2018 - USD ($)
Common Stock
Series B
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning balance, shares at Dec. 31, 2017 14,463,364 240,861      
Beginning balance, amount at Dec. 31, 2017 $ 1,447 $ 24 $ 12,342,527 $ (5,833,660) $ 6,510,338
Adjustment to adopt new accounting guidance          
Revenue recognition [1]       (67,000) (67,000)
Balance as of January 1, 2018 14,463,364 240,861      
Balance as of January 1, 2018 $ 1,447 $ 24 12,342,527 (5,900,660) 6,443,338
Stock-based compensation     295,684   295,684
Issuance of warrants     123,472   123,472
Net common stock issued in Secure Education Consultants acquisition, shares 33,333        
Net common stock issued in Secure Education Consultants acquisition, amount $ 3   163,329   163,332
Issuance related to note payable, shares 35,000        
Issuance related to note payable, amount $ 4   125,997   126,001
Issuance upon exercise of stock options, shares 13,998        
Issuance upon exercise of stock options, amount $ 1   23,449   23,450
Preferred stock dividends       (344,724) (344,724)
Accretion of Series A preferred stock     (482,696)   (482,696)
Net loss       (3,618,967) (3,618,967)
Ending balance, shares at Sep. 30, 2018 14,545,695 240,861      
Ending balance, amount at Sep. 30, 2018 $ 1,455 $ 24 $ 12,591,762 $ (9,864,351) $ 2,728,890
[1] See Note 3 for additional information.