v3.4.0.3
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 212,150 $ 730,482
Accounts receivable 352,796 247,131
Inventory 41,615 41,653
Prepaid expenses and other 40,676 42,370
Total current assets 647,237 1,061,636
Property and equipment, net 6,298 6,682
Other assets:    
Accounts receivable, long term portion 47,627 71,440
Capitalized software development costs, net of accumulated amortization of $1,455,549 and $1,344,672 as of March 31, 2016 and December 31, 2015, respectively 810,373 817,548
Total assets 1,511,535 1,957,306
Current liabilities:    
Accounts payable 108,582 103,936
Accrued expenses 42,062 44,190
Settlement payable, short term portion 95,253 119,066
Convertible note payable, net of debt discounts of $-0- and $119,115, respectively 0 180,885
Deferred rent, short term portion 2,048 2,048
Derivative liabilities 0 170,497
Total current liabilities 247,945 620,622
Long term debt:    
Settlement payable, long term 47,627 71,440
Deferred rent, long term portion 793 1,211
Total liabilities 296,365 693,273
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; none issued and outstanding 0 0
Common stock, $0.0001 par value; 13,600,000 shares authorized, 6,029,553 and 5,522,146 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively 602 552
Additional paid in capital 37,569,180 36,733,865
Accumulated deficit (36,354,612) (35,470,384)
Total stockholders' equity 1,215,170 1,264,033
Total liabilities and stockholders' equity $ 1,511,535 $ 1,957,306