XML 13 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Convertible Preferred Stock [Member] | Series A-1 Shares [Member]    
STOCKHOLDERS’ EQUITY:    
Preferred stock $ 9 $ 9
Convertible Preferred Stock [Member] | Series B-1 Shares [Member]    
STOCKHOLDERS’ EQUITY:    
Preferred stock 11 11
Cash and cash equivalents 3,474,648 4,321,078
Accounts receivable, net of allowance for doubtful accounts of $13,785 at March 31, 2016 and December 31, 2015 2,223,647 3,391,405
Due from factor 147,102 37,421
Inventory 458,853 348,645
Software license rights 5,000,000 5,000,000
Prepaid expenses and other 100,727 97,203
Total current assets 11,404,977 13,195,752
Software license rights, less current portion 7,000,000 7,000,000
Equipment and leasehold improvements, net 71,646 63,877
Deposits and other assets 8,712 8,712
Intangible assets—less accumulated amortization 144,337 147,738
Total non-current assets 7,224,695 7,220,327
TOTAL ASSETS 18,629,672 20,416,079
Accounts payable 628,631 1,158,555
Accrued liabilities 312,066 493,067
Dividends payable 200,625 133,851
Deferred revenue 455,291 376,405
Warrant liabilities 104,322 104,284
Total current liabilities 1,700,935 2,266,162
TOTAL LIABILITIES $ 1,700,935 $ 2,266,162
Commitments and Contingencies
Common stock — authorized, 170,000,000 shares; issued and outstanding; 66,198,482 and 66,098,482 of $.0001 par value at March 31, 2016 and December 31, 2015, respectively $ 6,620 $ 6,610
Additional paid-in capital 76,696,761 76,754,737
Accumulated deficit (59,774,664) (58,611,450)
TOTAL STOCKHOLDERS’ EQUITY 16,928,737 18,149,917
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,629,672 $ 20,416,079