Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 192,012 $ 228,790
Accounts receivable (less allowance for doubtful accounts of $30,000 in 2019 and 2018) 542,093 531,245
Prepaid expenses and other current assets 140,661 167,891
Operating lease right of use asset 91,848
Total Current Assets 966,614 927,926
Property and Equipment:    
Property and equipment 6,887,086 5,293,711
Less-Accumulated depreciation (4,358,807) (4,005,338)
Net Property and Equipment 2,528,279 1,288,373
Other Assets:    
Goodwill 3,015,700 3,015,700
Other assets 65,754 65,433
Operating lease right of use asset 231,683
Intangible assets, net 748,046 846,713
Total Other Assets 4,061,183 3,927,846
Total Assets 7,556,076 6,144,145
Current Liabilities:    
Accounts payable and accrued expenses 788,702 988,579
Dividend payable 908,841 846,685
Deferred revenue 402,167 435,406
Operating lease liabilities short term 89,300
Finance leases payable related party 842,779 509,487
Note payable 350,000 350,000
Total Current Liabilities 3,381,789 3,130,157
Deferred rental obligation 18,890
Operating lease liabilities long term 241,115
Finance leases payable related party, long term 2,125,000 1,218,703
Total Long-Term Liabilities 2,366,115 1,237,593
Total Liabilities 5,747,904 4,367,750
Stockholders' Equity:    
Preferred Stock, $.001 par value; 10,000,000 shares authorized; 1,401,786 shares issued and outstanding in each period 1,402 1,402
Common stock, par value $0.001; 250,000,000 shares authorized; 128,139,418 and 128,139,418 shares issued and outstanding in 2019 and 2018, respectively 128,139 128,139
Additional paid in capital 17,414,339 17,409,989
Accumulated deficit (15,686,608) (15,735,624)
Total Data Storage Corp Stockholders' Equity 1,857,272 1,803,906
Non-controlling interest in consolidated subsidiary (49,100) (27,511)
Total Stockholder's Equity 1,808,172 1,776,395
Total Liabilities and Stockholders' Equity $ 7,556,076 $ 6,144,145