Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 705,557 $ 1,070,097
Accounts receivable (less allowance for credit losses of $17,121 and $31,472 as of March 31, 2025, and December 31, 2024, respectively) 5,413,282 2,225,458
Marketable securities 10,406,912 11,261,006
Prepaid expenses and other current assets 858,490 859,502
Total Current Assets 17,384,241 15,416,063
Property and Equipment:    
Property and equipment 9,684,825 9,598,963
Less—Accumulated depreciation (6,456,000) (6,159,307)
Net Property and Equipment 3,228,825 3,439,656
Other Assets:    
 Goodwill 4,238,671 4,238,671
 Operating lease right-of-use assets 550,653 575,380
 Other assets 168,120 183,439
 Intangible assets, net 1,360,220 1,427,006
Total Other Assets 6,317,664 6,424,496
Total Assets 26,930,730 25,280,215
Current Liabilities:    
Accounts payable and accrued expenses 4,550,524 3,183,379
Deferred revenue 290,827 212,390
Finance leases payable 17,641
Finance leases payable related party 33,879
Operating lease liabilities short term 102,246 98,860
Total Current Liabilities 4,943,597 3,546,149
Operating lease liabilities 496,691 523,070
Deferred Tax Liability 39,031 39,031
Total Long-Term Liabilities 535,722 562,101
Total Liabilities 5,479,319 4,108,250
Stockholders’ Equity:    
Preferred stock, par value $.001; 10,000,000 shares authorized; 1,401,786 designated as Series A Preferred Stock, par value $.001; 0 shares issued and outstanding at March 31,2025 and December 31, 2024
Common stock, par value $.001; 250,000,000 shares authorized; 7,123,227 and 7,045,108 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 7,123 7,045
Additional paid in capital 40,644,000 40,417,813
Accumulated deficit (18,958,511) (18,982,589)
Accumulated other comprehensive income (loss) 3,579 (23,214)
Total Data Storage Corporation Stockholders’ Equity 21,696,191 21,419,055
Non-controlling interest in consolidated subsidiary (244,780) (247,090)
Total Stockholders’ Equity 21,451,411 21,171,965
Total Liabilities and Stockholders’ Equity $ 26,930,730 $ 25,280,215