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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 1,158,421 $ 1,061,307
Accounts receivable, net 562,471 1,563,246
Due from factor 117,891 53,638
Inventory 570,955 465,428
Software license rights 1,830,000 1,560,000
Prepaid expenses and other 167,348 206,677
Total current assets 4,407,086 4,910,296
Software license rights, net 9,933,623 10,598,411
Accounts receivable, net 1,070,000 1,570,000
Equipment and leasehold improvements, net 59,995 67,814
Deposits and other assets 8,712 8,712
Intangible assets, net 144,623 134,132
Total non-current assets 11,216,953 12,379,069
TOTAL ASSETS 15,624,039 17,289,365
LIABILITIES    
Accounts payable 153,692 466,842
Accrued liabilities 380,015 335,323
Dividends payable 601,875 401,250
Deferred revenue 489,738 633,062
Total current liabilities 1,625,320 1,836,477
TOTAL LIABILITIES 1,625,320 1,836,477
Commitments
STOCKHOLDERS’ EQUITY:    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 6,096,920 and 6,093,843 of $.0001 par value at March 31, 2017 and December 31, 2016, respectively 610 609
Additional paid-in capital 78,155,431 78,253,413
Accumulated deficit (64,157,342) (62,801,154)
TOTAL STOCKHOLDERS’ EQUITY 13,998,719 15,452,888
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 15,624,039 17,289,365
Series A-1 Convertible Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY:    
Series A-1 convertible preferred stock: authorized, 100,000 (liquidation preference of $100 per share); issued and outstanding 90,000 of $.0001 par value at March 31, 2017 and December 31, 2016, respectively 9 9
Series B-1 Convertible Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY:    
Series A-1 convertible preferred stock: authorized, 100,000 (liquidation preference of $100 per share); issued and outstanding 90,000 of $.0001 par value at March 31, 2017 and December 31, 2016, respectively $ 11 $ 11