v3.22.1

CONDENSED BALANCE SHEETS - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current Assets
Cash And Cash Equivalents	$ 741,497	$ 372,581
Restricted Cash And Cash Equivalents	208,575	202,761
Accounts Receivable, Net Of Allowance For Doubtful Accounts Of $15,000 And $0, Respectively	89,594	80,875
Prepaid Expenses And Other Current Assets	49,846	50,304
Total Current Assets	1,089,512	706,521
Operating Lease Right-of-use Asset	298,149	342,383
Total Assets	1,387,661	1,048,904
Current Liabilities
Accounts Payable	115,153	83,942
Interest Payable	17,097	17,646
Other Liabilities And Accrued Expenses	158,359	156,986
Operating Lease Liability Current	149,525	149,525
Contract With Customer Liability	414,157	464,162
Bank Loan	5,000,000	5,000,000
Total Current Liabilities	5,854,291	5,872,261
Operating Lease Liability	239,992	282,534
Total Liabilities	6,094,283	6,154,795
Stockholders' Deficit
Preferred Stock, $0.001 Par Value, 5,000,000 Shares Authorized, Including 1,750,000 Authorized And Designated For Series A Convertible Preferred Shares: 1,497,869 Issued And Outstanding As Of March 31, 2022 And 1,403,276 Issued And Outstanding As Of December 31, 2021.	131,459,976	127,162,277
Common Stock, $0.001 Par Value, 100,000,000 Shares Authorized At March 31, 2022 And December 31, 2021; 28,389,493 Shares Issued And Outstanding At March 31, 2022 And 28,389,493 Shares Issued And Outstanding At December 31, 2021.	28,390	28,390
Additional Paid-in Capital - Common Shares	121,235,642	123,015,819
Accumulated Deficit	(257,430,630)	(255,312,377)
Total Stockholders' Deficit	(4,706,622)	(5,105,891)
Total Liabilities And Stockholders' Deficit	$ 1,387,661	$ 1,048,904

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

MobileSmith, Inc. 10-Q