XML 23 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenues:    
Sale of software $ 390,583 $ 601,141
Software as a service 525,282 281,899
Software maintenance services 988,690 941,531
Professional services 502,952 382,717
Third Party services 194,226 129,703
Total revenues 2,601,733 2,336,991
Cost of revenues:    
Sale of software 73,566 125,108
Software as a service 247,928 121,466
Software maintenance services 127,805 128,597
Professional services 135,486 100,768
Third Party services 125,024 72,078
Total cost of revenues 709,809 548,017
Gross profit 1,891,924 1,788,974
Operating expenses:    
General and administrative 2,118,924 2,541,867
Sales and marketing 1,132,292 791,291
Depreciation 10,687 11,626
Total operating expenses 3,261,903 3,344,784
Loss from operations (1,369,979) (1,555,810)
Other income (expense)    
Interest expense, net (206,332) (2,365,618)
Total other income (expense) (206,332) (2,365,618)
Net loss $ (1,576,311) $ (3,921,428)
Basic and diluted net loss per share: $ (0.09) $ (0.55)
Weighted average number of common shares outstanding - basic and diluted 16,650,085 7,152,276