v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 513,718 $ 1,428,730
Accounts receivable (less provision for credit losses of $31,456 and $7,915 in 2024 and 2023, respectively) 1,973,153 1,259,972
 Marketable securities 11,374,769 11,318,196
Prepaid expenses and other current assets 760,564 513,175
Total Current Assets 14,622,204 14,520,073
Property and Equipment:    
Property and equipment 8,925,184 7,838,225
Less—Accumulated depreciation (5,865,481) (5,105,451)
Net Property and Equipment 3,059,703 2,732,774
Other Assets:    
 Goodwill 4,238,671 4,238,671
 Operating lease right-of-use assets 599,625 62,981
 Other assets 204,599 48,436
 Intangible assets, net 1,493,792 1,698,084
Total Other Assets 6,536,687 6,048,172
Total Assets 24,218,594 23,301,019
Current Liabilities:    
Accounts payable and accrued expenses 2,629,414 2,608,938
Deferred revenue 160,237 336,201
Finance leases payable 79,652 263,600
Finance leases payable related party 74,077 235,944
Operating lease liabilities short term 95,545 63,983
Total Current Liabilities 3,038,925 3,508,666
Operating lease liabilities 548,897 0
Finance leases payable 0 17,641
Finance leases payable related party 0 20,297
Total Long-Term Liabilities 548,897 37,938
Total Liabilities 3,587,822 3,546,604
Commitments and contingencies (Note 7)
Stockholders’ Equity:    
Preferred stock, Series A par value $0.001; 10,000,000 shares authorized; 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 0 0
Common stock, par value $0.001; 250,000,000 shares authorized; 7,014,373 and 6,880,460 shares issued and outstanding as of September 30, 2024, and December 31, 2023, respectively 7,014 6,881
Additional paid in capital 40,143,684 39,490,285
Accumulated deficit (19,270,544) (19,505,803)
Total Data Storage Corporation Stockholders’ Equity 20,880,154 19,991,363
Non-controlling interest in consolidated subsidiary (249,382) (236,948)
Total Stockholder’s Equity 20,630,772 19,754,415
Total Liabilities and Stockholders’ Equity $ 24,218,594 $ 23,301,019

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