v3.21.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 12,889,032 $ 893,598
Accounts receivable (less allowance for doubtful accounts of $19,896 and $30,000 in 2021 and 2020, respectively) 1,837,053 554,587
Prepaid expenses and other current assets 521,958 239,472
Total Current Assets 15,248,043 1,687,657
Property and Equipment:    
Property and equipment 6,443,075 7,845,423
Less—Accumulated depreciation (4,406,987) (5,543,822)
Net Property and Equipment 2,036,088 2,301,601
Other Assets:    
 Goodwill 6,610,021 3,015,700
 Operating lease right-of-use assets 469,643 241,911
 Other assets 72,153 49,310
 Intangible assets, net 2,355,463 455,935
Total Other Assets 9,507,280 3,762,856
Total Assets 26,791,411 7,752,114
Current Liabilities:    
Accounts payable and accrued expenses 1,287,525 979,552
Dividend payable 1,115,674
Deferred revenue 379,526 461,893
Line of credit 50,000 24
Finance leases payable 177,175 168,139
Finance leases payable related party 805,890 1,149,403
Operating lease liabilities short term 204,598 104,549
Note payable 374,871
Total Current Liabilities 2,904,714 4,354,105
Note payable long term 107,106
Deferred tax liability long term 429,619
Operating lease liabilities long term 274,702 147,525
Finance leases payable, long term 126,645 247,677
Finance leases payable related party, long term 482,069 974,743
Total Long Term Liabilities 1,313,035 1,477,051
Total Liabilities 4,217,749 5,831,156
Stockholders' Equity:    
Preferred stock, Series A par value $.001; 10,000,000 shares authorized; 0 and 1,401,786 shares issued and outstanding in 2021 and 2020, respectively 1,402
Common stock, par value $.001; 250,000,000 shares authorized; 6,692,742 and 3,213,486 shares issued and outstanding in 2021 and 2020, respectively 6,693 3,213
Additional paid in capital 38,189,610 17,745,785
Accumulated deficit (15,521,578) (15,734,737)
Total Data Storage Corp Stockholders' Equity 22,674,725 2,015,663
Non-controlling interest in consolidated subsidiary (101,063) (94,705)
Total Stockholder's Equity 22,573,662 1,920,958
Total Liabilities and Stockholders' Equity $ 26,791,411 $ 7,752,114

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