Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 611,323 $ 1,070,097
Accounts receivable, net of allowance for expected credit losses of $16,305 and $31,472, as of June 30, 2025 and December 31, 2024, respectively 1,727,111 2,225,458
Marketable securities 10,510,179 11,261,006
Prepaid expenses and other current assets 1,913,094 859,502
Total current assets 14,761,707 15,416,063
Property and Equipment:    
Property and equipment 10,078,502 9,598,963
Less: Accumulated depreciation (6,740,363) (6,159,307)
Property and equipment, net 3,338,139 3,439,656
Other assets:    
Goodwill 4,238,671 4,238,671
Operating lease right-of-use assets 525,416 575,380
Other assets 263,778 183,439
Intangible assets, net 1,293,435 1,427,006
Total long-term assets 6,321,300 6,424,496
Total assets 24,421,146 25,280,215
Current Liabilities:    
Accounts payable and accrued expenses 2,349,999 3,183,379
Deferred revenue 227,204 212,390
Finance leases payable 17,641
Finance leases payable related party 33,879
Operating lease liabilities short term 105,750 98,860
Total current liabilities 2,682,953 3,546,149
Operating lease liabilities 468,432 523,070
Deferred tax liability 39,031 39,031
Total long-term liabilities 507,463 562,101
Total liabilities 3,190,416 4,108,250
Stockholders’ equity:    
Preferred stock, Series A par value $0.001; 10,000,000 shares authorized; 0 and 0 shares issued and outstanding at June 30, 2025, and December 31, 2024, respectively
Common stock, par value $0.001; 250,000,000 shares authorized; 7,230,619 and 7,045,108 shares issued and outstanding at June 30, 2025, and December 31, 2024, respectively 7,231 7,045
Additional paid in capital 41,094,738 40,417,813
Accumulated deficit (19,691,560) (18,982,589)
Accumulated other comprehensive income (loss) 64,015 (23,214)
Total Data Storage Corp stockholders’ equity 21,474,424 21,419,055
Non-controlling interest in consolidated subsidiary (243,694) (247,090)
Total stockholders’ equity 21,230,730 21,171,965
Total liabilities and stockholders’ equity $ 24,421,146 $ 25,280,215