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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 687,023 $ 323,943
Accounts receivable, net 689,900 1,574,032
Due from factor 138,568 56,682
Inventory 1,011,703 998,829
Resalable software license rights 1,125,000 1,125,000
Prepaid expenses and other 161,997 150,811
Total current assets 3,814,191 4,229,297
Resalable software license rights, net of current portion 6,193,417 6,790,610
Equipment and leasehold improvements, net 137,458 148,608
Capitalized contract costs, net 278,286 319,199
Deposits and other assets 8,712 8,712
Operating lease right-of-use assets 532,757 0
Intangible assets, net 191,014 195,906
Total non-current assets 7,341,644 7,463,035
TOTAL ASSETS 11,155,835 11,692,332
LIABILITIES    
Accounts payable 864,879 481,269
Accounts payable – related party 142,623 0
Accrued liabilities 714,250 548,232
Convertible notes payable, net of debt discount and debt issuance costs 541,667
Deferred revenue 294,261 196,609
Operating lease liabilities, current portion 141,068 0
Total current liabilities 2,698,748 1,226,110
Operating lease liabilities, net of current portion 383,028 0
Total non-current liabilities 383,028 0
TOTAL LIABILITIES 3,081,776 1,226,110
Commitments
STOCKHOLDERS’ EQUITY    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 14,295,923 and 13,977,868 of $.0001 par value at June 30, 2019 and December 31, 2018, respectively 1,429 1,398
Additional paid-in capital 86,436,197 85,599,140
Accumulated deficit (78,363,567) (75,134,316)
TOTAL STOCKHOLDERS’ EQUITY 8,074,059 10,466,222
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 11,155,835 $ 11,692,332