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Condensed Consolidated Balance Sheets (Current Period Unaudited)
Sep. 30, 2019
USD ($)
Dec. 31, 2018
USD ($)
ASSETS    
Cash and cash equivalents $ 78,240 $ 323,943
Accounts receivable, net 773,334 1,574,032
Due from factor 50,702 56,682
Inventory 971,167 998,829
Resalable software license rights 1,125,000 1,125,000
Prepaid expenses and other 183,216 150,811
Investment – non-marketable security 512,821
Total current assets 3,694,480 4,229,297
Resalable software license rights, net of current portion 5,906,466 6,790,610
Equipment and leasehold improvements, net 117,644 148,608
Capitalized contract costs, net 254,957 319,199
Deposits and other assets 8,712 8,712
Operating lease right-of-use assets 611,883 0
Intangible assets, net 187,701 195,906
Total non-current assets 7,087,363 7,463,035
TOTAL ASSETS 10,781,843 11,692,332
LIABILITIES    
Accounts payable 496,667 481,269
Accrued liabilities 478,541 548,232
Convertible notes payable, net of debt discount and debt issuance costs 1,859,635
Deferred revenue 222,721 196,609
Operating lease liabilities, current portion 178,130 0
Total current liabilities 3,235,694 1,226,110
Operating lease liabilities, net of current portion 426,879 0
Total non-current liabilities 426,879 0
TOTAL LIABILITIES 3,662,573 1,226,110
Commitments
STOCKHOLDERS’ EQUITY    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 14,398,701 and 13,977,868 of $.0001 par value at September 30, 2019 and December 31, 2018, respectively 1,440 1,398
Additional paid-in capital 87,310,964 85,599,140
Accumulated deficit (80,193,134) (75,134,316)
TOTAL STOCKHOLDERS’ EQUITY 7,119,270 10,466,222
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 10,781,843 $ 11,692,332