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Unaudited Condensed Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 41,859,298 $ 45,161,403
Trade accounts receivable, net 7,512,937 5,154,996
Inventory 108,321 146,815
Prepaid expenses and other current assets 318,937 349,550
Total current assets 49,799,493 50,812,764
Property and equipment, net 812,005 807,086
Goodwill 1,249,956 1,249,956
Customer relationships, net 2,744,168 2,822,918
Intangible assets, net 268,123 286,719
Other assets 189,876 84,060
Total assets 55,063,621 56,063,503
Current liabilities:    
Accounts payable 3,992,976 3,949,005
Accrued bonus 599,475 1,748,551
Accrued liabilities 803,936 1,072,242
Deferred purchase price 1,000,000 1,000,000
Current portion of long-term notes payable 1,333,333 1,388,563
Current portion of deferred rent obligation under operating lease 81,332 81,332
Total current liabilities 7,811,052 9,239,693
Long-term notes payable 1,000,000 1,333,333
Deferred tax liability 16,000 6,166
Deferred rent obligation under operating lease 421,170 451,909
Total liabilities 9,248,222 11,031,101
Stockholders’ equity:    
Common shares, par value $0.0001, 200,000,000 shares authorized at March 31, 2017 and December 31, 2016; 9,488,057 and 9,275,062 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 949 928
Additional paid in capital 88,980,356 88,582,470
Accumulated deficit (43,165,906) (43,550,996)
Total stockholders’ equity 45,815,399 45,032,402
Commitments and contingencies (note 10)
Total liabilities and stockholders’ equity $ 55,063,621 $ 56,063,503