v3.22.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 13,420,707 $ 12,135,803
Accounts receivable (less allowance for credit losses of $47,523 and $30,000 in 2021 and 2020, respectively) 3,524,464 2,384,367
Prepaid expenses and other current assets 1,256,243 536,401
Total Current Assets 18,201,414 15,056,571
Property and Equipment:    
Property and equipment 7,502,490 6,595,236
Less—Accumulated depreciation (4,939,373) (4,657,765)
Net Property and Equipment 2,563,117 1,937,471
Other Assets:    
 Goodwill 6,560,671 6,560,671
 Operating lease right-of-use assets 374,356 422,318
 Other assets 78,045 103,226
 Intangible assets, net 2,184,836 2,254,566
Total Other Assets 9,197,908 9,340,781
Total Assets 29,962,439 26,334,823
Current Liabilities:    
Accounts payable and accrued expenses 4,335,372 1,343,391
Deferred revenue 292,450 366,859
Finance leases payable 386,323 216,299
Finance leases payable related party 740,530 839,793
Operating lease liabilities short term 206,231 205,414
Total Current Liabilities 5,960,906 2,971,756
Operating lease liabilities 177,348 226,344
Finance leases payable 560,187 157,424
Finance leases payable related party 432,530 364,654
Total Long Term Liabilities 1,170,065 748,422
Total Liabilities 7,130,971 3,720,178
Stockholders’ Equity:    
Preferred stock, Series A par value $0.001; 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; 6,697,127 and 6,693,793 shares issued and outstanding in 2022 and 2021, respectively 6,697 6,694
Additional paid in capital 38,314,591 38,241,155
Accumulated deficit (15,374,566) (15,530,576)
Total Data Storage Corp Stockholders’ Equity 22,946,722 22,717,273
Non-controlling interest in consolidated subsidiary (115,254) (102,628)
Total Stockholder’s Equity 22,831,468 22,614,645
Total Liabilities and Stockholders’ Equity $ 29,962,439 $ 26,334,823

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