Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 604,763 $ 326,561
Accounts receivable (less allowance for doubtful accounts of $30,000 in 2020 and 2019) 933,111 691,436
Prepaid expenses and other current assets 206,214 80,728
Total Current Assets 1,744,088 1,098,725
Property and Equipment:    
Property and equipment 7,829,148 6,894,087
Less-Accumulated depreciation (5,313,999) (4,705,256)
Net Property and Equipment 2,515,149 2,188,831
Other Assets:    
Goodwill 3,015,700 3,015,700
Operating lease right-of-use assets 263,034 324,267
Other assets 49,308 65,433
Intangible assets, net 504,435 649,934
Total Other Assets 3,832,477 4,055,334
Total Assets 8,091,714 7,342,890
Current Liabilities:    
Accounts payable and accrued expenses 1,187,649 906,716
Dividend payable 1,076,874 970,997
Deferred revenue 494,629 432,942
Line of credit 24 75,000
Finance leases payable 161,144
Finance leases payable related party 978,683 833,148
Operating lease liabilities short term 103,780 101,505
Note payable 294,541 350,000
Total Current Liabilities 4,297,324 3,670,308
Note payable long term 187,436
Operating lease liabilities long term 168,390 231,312
Finance leases payable, long term 286,633
Finance leases payable related party, long term 1,222,982 1,713,122
Total Long-Term Liabilities 1,865,441 1,944,434
Total Liabilities 6,162,765 5,614,742
Stockholders' Equity    
Preferred stock, Series A par value $.001; 10,000,000 shares authorized; 1,401,786 shares issued and outstanding in each year 1,402 1,402
Common stock, par value $.001; 250,000,000 shares authorized; 128,539,418 and 128,439,418 shares issued and outstanding in 2020 and 2019, respectively 128,539 128,439
Additional paid in capital 17,578,288 17,456,431
Accumulated deficit (15,693,399) (15,790,076)
Total Data Storage Corp Stockholders' Equity 2,014,830 1,796,196
Non-controlling interest in consolidated subsidiary (85,881) (68,048)
Total Stockholder's Equity 1,928,949 1,728,148
Total Liabilities and Stockholders' Equity $ 8,091,714 $ 7,342,890