v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 3,076,120 $ 893,598
Accounts receivable (less allowance for doubtful accounts of $59,067 and $30,000 in 2021 and 2020, respectively) 1,558,716 554,587
Prepaid expenses and other current assets 392,489 239,472
Total Current Assets 5,027,325 1,687,657
Property and Equipment:    
Property and equipment 6,327,875 7,845,423
Less—Accumulated depreciation (4,177,560) (5,543,822)
Net Property and Equipment 2,150,315 2,301,601
Other Assets:    
     Goodwill 13,216,040 3,015,700
     Operating lease right-of-use assets 198,549 241,911
     Other assets 72,153 49,310
     Intangible assets, net 391,662 455,935
Total Other Assets 13,878,404 3,762,856
Total Assets 21,056,044 7,752,114
Current Liabilities:    
Accounts payable and accrued expenses 1,547,763 979,552
Dividend payable 0 1,115,674
Deferred revenue 431,047 461,893
Line of credit 0 24
Finance leases payable 174,110 168,139
Finance leases payable related party 973,245 1,149,403
Operating lease liabilities short term 106,102 104,549
Contingent Consideration 4,950,000 0
Note payable 481,977 374,871
Total Current Liabilities 8,664,244 4,354,105
Note payable long term 0 107,106
Operating lease liabilities long term 102,407 147,525
Finance leases payable, long term 167,694 247,677
Finance leases payable related party, long term 597,408 974,743
Total Long Term Liabilities 867,509 1,477,051
Total Liabilities 9,531,753 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 0 1,402
Common stock, par value $.001; 250,000,000 shares authorized; 4,862,352 and 3,213,486 shares issued and outstanding in 2021 and 2020, respectively 4,862 3,213
Additional paid in capital 27,276,653 17,745,785
Accumulated deficit (15,657,208) (15,734,737)
Total Data Storage Corp Stockholders’ Equity 11,624,307 2,015,663
Non-controlling interest in consolidated subsidiary (100,016) (94,705)
Total Stockholder’s Equity 11,524,291 1,920,958
Total Liabilities and Stockholders’ Equity $ 21,056,044 $ 7,752,114

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