v3.22.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 11,214,436 $ 12,135,803
Accounts receivable (less allowance for credit losses of $28,355 and $30,000 in 2022 and 2021, respectively) 2,484,857 2,384,367
Prepaid expenses and other current assets 974,845 536,401
Total Current Assets 14,674,138 15,056,571
Property and Equipment:    
Property and equipment 7,092,451 6,595,236
Less—Accumulated depreciation (4,510,837) (4,657,765)
Net Property and Equipment 2,581,614 1,937,471
Other Assets:    
 Goodwill 6,560,671 6,560,671
 Operating lease right-of-use assets 325,745 422,318
 Other assets 103,436 103,226
 Intangible assets, net 2,115,105 2,254,566
Total Other Assets 9,104,957 9,340,781
Total Assets 26,360,709 26,334,823
Current Liabilities:    
Accounts payable and accrued expenses 1,312,387 1,343,391
Deferred revenue 249,482 366,859
Finance leases payable 424,603 216,299
Finance leases payable related party 706,001 839,793
Operating lease liabilities short term 207,062 205,414
Total Current Liabilities 2,899,535 2,971,756
Operating lease liabilities 128,952 226,344
Finance leases payable 421,648 157,424
Finance leases payable related party 450,970 364,654
Total Long-Term Liabilities 1,001,570 748,422
Total Liabilities 3,901,105 3,720,178
Stockholders’ Equity:    
Preferred stock, Series A par value $.001; 10,000,000 shares authorized; 0 and 0 shares issued and outstanding in 2022 and 2021, respectively
Common stock, par value $.001; 250,000,000 shares authorized; 6,822,127 and 6,693,793 shares issued and outstanding in 2022 and 2021, respectively 6,822 6,694
Additional paid in capital 38,799,853 38,241,155
Accumulated deficit (16,221,610) (15,530,576)
Total Data Storage Corp Stockholders’ Equity 22,585,065 22,717,273
Non-controlling interest in consolidated subsidiary (125,461) (102,628)
Total Stockholder’s Equity 22,459,604 22,614,645
Total Liabilities and Stockholders’ Equity $ 26,360,709 $ 26,334,823

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