v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 730,482 $ 1,103,201
Accounts receivable, net 247,131 167,396
Inventory 41,653 0
Prepaid expenses and other current assets 42,370 50,356
Total current assets 1,061,636 1,320,953
Property and equipment, net 6,682 6,315
Other assets:    
Accounts receivable, long term portion 71,440 0
Capitalized software development costs, net of accumulated amortization of $1,344,672 and $986,502 as of December 31, 2015 and 2014, respectively 817,548 794,551
Total assets 1,957,306 2,121,819
Current liabilities:    
Accounts payable 103,936 24,600
Accrued expenses 44,190 236,526
Settlement payable, short term portion 119,066 0
Deferred revenue 0 1,100
Convertible note payable, net of debt discounts of $119,115 and $-0-, respectively 180,885 0
Deferred rent, short term portion 2,048 0
Derivative liabilities 170,497 0
Total current liabilities 620,622 262,226
Long term debt:    
Settlement payable, long term 71,440 0
Deferred rent, long term portion 1,211 0
Total liabilities 693,273 262,226
Stockholders' equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized: Series A convertible preferred stock, $0.0001 par value; 1,700,000 shares designated; -0- and 161,827 shares issued and outstanding as of December 31, 2015 and 2014, respectively 0 16
Common stock, $0.0001 par value; 680,000,000 shares authorized, 5,522,146 and 4,902,639 shares issued and outstanding as of December 31, 2015 and 2014, respectively 552 490
Additional paid in capital 36,733,865 34,026,321
Accumulated deficit (35,470,384) (32,167,234)
Total stockholders' equity 1,264,033 1,859,593
Total liabilities and stockholders' equity $ 1,957,306 $ 2,121,819