v3.5.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Current Assets      
Cash and cash equivalents $ 7,548,261 $ 8,207,565 $ 3,446,973
Accounts receivable 2,340,765 2,847,450 2,100,381
Prepaid expenses 54,555 70,623 28,093
Total Current Assets 9,943,581 11,125,638 5,575,447
Property and equipment, net 23,076 10,239 12,813
Other Assets      
Patent rights, net 817,239 832,884 930,854
Web development costs, net 308,812 340,470 504,643
Security deposit 5,049 5,049 5,049
Total Other Assets 1,131,100 1,178,403 1,440,546
TOTAL ASSETS 11,097,757 12,314,280 7,028,806
Current Liabilities      
Accounts payable - trade $ 195,076 212,191 200,372
Accounts payable - related party 570,000 570,000
Accrued expenses $ 8,090 6,983 25,459
Revenue share payable 1,502,816 2,355,608 1,502,761
Deferred revenue 845,226 227,002 120,130
Total Liabilities 2,551,208 3,371,784 2,418,722
Stockholders' Equity      
Common stock, Value $ 29,043 $ 29,031 $ 22,867
Preferred stock, Value
Stock warrants $ 2,294,416 $ 2,329,508 $ 2,153,295
Additional paid-in-capital 32,631,226 32,185,499 27,595,609
Stock payable $ 663,670 1,132,148 $ 963,063
Deferred stock compensation (13,800)
Accumulated deficit $ (27,071,806) (26,719,890) $ (26,124,750)
Total Stockholders' Equity 8,546,549 8,942,496 4,610,084
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 11,097,757 $ 12,314,280 $ 7,028,806