Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 11,281,703 $ 12,135,803
Accounts receivable (less allowance for credit losses of $12,476 and $30,000 in 2022 and 2021, respectively) 2,011,166 2,384,367
Prepaid expenses and other current assets 868,019 536,401
Total Current Assets 14,160,888 15,056,571
Property and Equipment:    
Property and equipment 7,103,795 6,595,236
Less—Accumulated depreciation (4,732,846) (4,657,765)
Net Property and Equipment 2,370,949 1,937,471
Other Assets:    
     Goodwill 6,560,671 6,560,671
     Operating lease right-of-use assets 276,465 422,318
     Other assets 166,248 103,226
     Intangible assets, net 2,045,375 2,254,566
Total Other Assets 9,048,759 9,340,781
Total Assets 25,580,596 26,334,823
Current Liabilities:    
Accounts payable and accrued expenses 1,490,877 1,343,391
Deferred revenue 71,037 366,859
Finance leases payable 381,043 216,299
Finance leases payable related party 719,364 839,793
Operating lease liabilities short term 186,645 205,414
Total Current Liabilities 2,848,966 2,971,756
       Operating lease liabilities 97,354 226,344
Finance leases payable 346,622 157,424
Finance leases payable related party 281,030 364,654
Total Long Term Liabilities 725,006 748,422
Total Liabilities 3,573,972 3,720,178
Stockholders’ Equity:    
Preferred stock, Series A par value $.001; 10,000,000 shares authorized; 0 and 0 shares issued and outstanding in 2022 and 2021, respectively
Common stock, par value $.001; 250,000,000 shares authorized; 6,822,127 and 6,693,793 shares issued and outstanding in 2022 and 2021, respectively 6,822 6,694
Additional paid in capital 38,891,891 38,241,155
Accumulated deficit (16,759,284) (15,530,576)
Total Data Storage Corp Stockholders' Equity 22,139,429 22,717,273
Non-controlling interest in consolidated subsidiary (132,805) (102,628)
Total Stockholder’s Equity 22,006,624 22,614,645
Total Liabilities and Stockholders' Equity $ 25,580,596 $ 26,334,823