General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED BALANCE SHEETS

v3.21.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 893,598 $ 326,561
Accounts receivable (less allowance for doubtful accounts of $30,000 in 2020 and 2019) 554,587 691,436
Prepaid expenses and other current assets 239,472 80,728
Total Current Assets 1,687,657 1,098,725
Property and Equipment:    
Property and equipment 7,845,423 6,894,087
Less-Accumulated depreciation (5,543,822) (4,705,256)
Net Property and Equipment 2,301,601 2,188,831
Other Assets:    
Goodwill 3,015,700 3,015,700
Operating lease right-of-use assets 241,911 324,267
Other assets 49,310 65,433
Intangible assets, net 455,935 649,934
Total Other Assets 3,762,856 4,055,334
Total Assets 7,752,114 7,342,890
Current Liabilities:    
Accounts payable and accrued expenses 979,552 906,716
Dividend payable 1,115,674 970,997
Deferred revenue 461,893 432,942
Line of Credit 24 75,000
Finance leases payable 168,139
Finance leases payable related party 1,149,403 833,148
Operating lease liabilities short term 104,549 101,505
Note payable 374,871 350,000
Total Current Liabilities 4,354,105 3,670,308
Note payable long term 107,106
Operating lease liabilities long term 147,525 231,312
Finance leases payable, long term 247,677
Finance leases payable related party, long term 974,743 1,713,122
Total Long-Term Liabilities 1,477,051 1,944,434
Total Liabilities 5,831,156 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 17,620,459 17,456,431
Accumulated deficit (15,734,737) (15,790,076)
Total Data Storage Corp Stockholders' Equity 2,015,663 1,796,196
Non-controlling interest in consolidated subsidiary (94,705) (68,048)
Total Stockholder's Equity 1,920,958 1,728,148
Total Liabilities and Stockholders' Equity $ 7,752,114 $ 7,342,890