Data Storage Corp
For the period ended Mar 31, 2024. Filed May 15, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
DTST$2.68+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Condensed Consolidated Balance Sheets as of March 31, 2024 (unaudited) and December 31, 2023
CONSOLIDATED BALANCE SHEETS
| March 31, 2024 (Unaudited) | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $640,742 | $1,428,730 |
| Accounts receivable (less provision for credit losses of $62,051 and $7,915 in 2024 and 2023, respectively) | 4,437,666 | 1,259,972 |
| Marketable securities | 11,261,565 | 11,318,196 |
| Prepaid expenses and other current assets | 666,957 | 513,175 |
| Total Current Assets | 17,006,930 | 14,520,073 |
| Property and Equipment: | ||
| Property and equipment | 8,196,862 | 7,838,225 |
| Less—Accumulated depreciation | (5,331,503) | (5,105,451) |
| Net Property and Equipment | 2,865,359 | 2,732,774 |
| Other Assets: | ||
| Goodwill | 4,238,671 | 4,238,671 |
| Operating lease right-of-use assets | 36,160 | 62,981 |
| Other assets | 48,436 | 48,436 |
| Intangible assets, net | 1,628,937 | 1,698,084 |
| Total Other Assets | 5,952,204 | 6,048,172 |
| Total Assets | $25,824,493 | $23,301,019 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses | $4,835,868 | $2,608,938 |
| Deferred revenue | 310,123 | 336,201 |
| Finance leases payable | 214,961 | 263,600 |
| Finance leases payable related party | 155,164 | 235,944 |
| Operating lease liabilities short term | 36,733 | 63,983 |
| Total Current Liabilities | 5,552,849 | 3,508,666 |
| Finance leases payable | — | 17,641 |
| Finance leases payable related party | — | 20,297 |
| Total Long-Term Liabilities | — | 37,938 |
| Total Liabilities | 5,552,849 | 3,546,604 |
| Commitments and contingencies (Note 7) | — | — |
| Stockholders’ Equity: | ||
| Preferred stock, Series A par value $.001; 10,000,000 shares authorized; 0 shares issued and outstanding as of March 31, 2024 and December 31, 2023 | — | — |
| Common stock, par value $.001; 250,000,000 shares authorized; 6,929,950 and 6,880,460 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | 6,930 | 6,881 |
| Additional paid in capital | 39,661,561 | 39,490,285 |
| Accumulated deficit | (19,148,701) | (19,505,803) |
| Total Data Storage Corporation Stockholders’ Equity | 20,519,790 | 19,991,363 |
| Non-controlling interest in consolidated subsidiary | (248,146) | (236,948) |
| Total Stockholder’s Equity | 20,271,644 | 19,754,415 |
| Total Liabilities and Stockholders’ Equity | $25,824,493 | $23,301,019 |
The accompanying notes are an integral part of these condensed consolidated Financial Statements.
DATA STORAGE CORPORATION AND SUBSIDIARIES
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.