v3.5.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 7,566,783 $ 8,207,565
Accounts receivable 2,108,884 2,847,450
Prepaid expenses 127,272 70,623
Total Current Assets 9,802,939 11,125,638
Property and equipment, net 26,365 10,239
Other Assets    
Patent rights, net 806,272 832,884
Web development costs, net 355,618 340,470
Security deposit 5,049 5,049
Total Other Assets 1,166,939 1,178,403
TOTAL ASSETS 10,996,243 12,314,280
Current Liabilities    
Accounts payable - trade 194,726 212,191
Accounts payable - related party 570,000
Accrued expenses 167,999 6,983
Revenue share payable 1,811,033 2,355,608
Deferred revenue 667,249 227,002
Total Liabilities 2,841,007 3,371,784
Stockholders' Equity    
Common stock, $.001 par value, 500,000,000 shares authorized, 29,262,944 and 29,030,925 shares issued and outstanding, respectively 29,263 29,031
Preferred stock, $.001 par value, 10,000,000 shares authorized, no shares issued and outstanding
Stock warrants 2,294,416 2,329,508
Additional paid-in-capital 32,911,750 32,185,499
Stock payable 583,545 1,132,148
Deferred stock compensation (13,800)
Accumulated deficit (27,663,738) (26,719,890)
Total Stockholders' Equity 8,155,236 8,942,496
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,996,243 $ 12,314,280