Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,428,730 $ 2,286,722
Accounts receivable (less allowance for credit losses of $7,915 and $27,250 in 2023 and 2022, respectively) 1,259,972 3,502,836
 Marketable securities 11,318,196 9,010,968
Prepaid expenses and other current assets 513,175 584,666
Total Current Assets 14,520,073 15,385,192
Property and Equipment:    
Property and equipment 7,838,225 7,168,488
Less—Accumulated depreciation (5,105,451) (4,956,698)
Net Property and Equipment 2,732,774 2,211,790
Other Assets:    
 Goodwill 4,238,671 4,238,671
 Operating lease right-of-use assets 62,981 226,501
 Other assets 48,436 48,437
 Intangible assets, net 1,698,084 1,975,644
Total Other Assets 6,048,172 6,489,253
Total Assets 23,301,019 24,086,235
Current Liabilities:    
Accounts payable and accrued expenses 2,608,938 3,207,577
Deferred revenue 336,201 281,060
Finance leases payable 263,600 359,868
Finance leases payable related party 235,944 520,623
Operating lease liabilities short term 63,983 160,657
Total Current Liabilities 3,508,666 4,529,785
 Operating lease liabilities 71,772
Finance leases payable 17,641 281,242
Finance leases payable related party 20,297 256,241
Total Long-Term Liabilities 37,938 609,255
Total Liabilities 3,546,604 5,139,040
Commitments and contingencies (Note 7)
Stockholders’ Equity:    
Preferred stock, Series A par value $.001; 10,000,000 shares authorized;0 shares issued and outstanding in 2023 and 2022
Common stock, par value $.001; 250,000,000 shares authorized; 6,880,460 and 6,822,127 shares issued and outstanding in 2023 and 2022, respectively 6,881 6,822
Additional paid in capital 39,490,285 38,982,440
Accumulated deficit (19,505,803) (19,887,378)
Total Data Storage Corp Stockholders’ Equity 19,991,363 19,101,884
Non-controlling interest in consolidated subsidiary (236,948) (154,689)
Total Stockholder’s Equity 19,754,415 18,947,195
Total Liabilities and Stockholders’ Equity $ 23,301,019 $ 24,086,235