XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Oct. 31, 2016
Jan. 31, 2016
Current assets:    
Cash and cash equivalents $ 2,540,462 $ 9,882,136
Accounts receivable, net of allowance for doubtful accounts of $214,117 and $155,407, respectively 2,956,880 4,199,315
Contract receivables 360,876 119,697
Prepaid hardware and third-party software for future delivery 5,858 5,858
Prepaid client maintenance contracts 710,395 956,913
Other prepaid assets 925,992 941,532
Other current assets 18,323 97,986
Total current assets 7,518,786 16,203,437
Property and equipment:    
Computer equipment 3,128,865 2,647,135
Computer software 827,642 801,895
Office furniture, fixtures and equipment 683,443 683,443
Leasehold improvements 729,348 729,348
Property and equipment, gross 5,369,298 4,861,821
Accumulated depreciation and amortization (3,266,162) (2,407,746)
Property and equipment, net 2,103,136 2,454,075
Contract receivables, less current portion 0 8,711
Capitalized software development costs, net of accumulated amortization of $17,066,321 and $14,919,948, respectively 5,835,305 6,123,638
Intangible assets, net of accumulated amortization of $5,648,013 and $4,671,675, respectively 7,726,910 8,155,325
Deferred financing costs, net of accumulated amortization of zero and $84,531, respectively 0 270,147
Goodwill 16,184,667 16,184,667
Other 779,726 746,018
Total non-current assets 32,629,744 33,942,581
Total assets 40,148,530 50,146,018
Current liabilities:    
Accounts payable 1,089,276 1,136,779
Accrued compensation 660,244 935,324
Accrued other expenses 175,713 328,551
Current portion of term loan 842,258 673,807
Deferred revenues 7,076,812 10,447,280
Current portion of capital lease obligations 124,630 592,642
Total current liabilities 9,968,933 14,114,383
Non-current liabilities:    
Term loan 5,232,064 7,861,084
Warrants liability 168,238 205,113
Royalty liability 2,385,315 2,291,888
Lease incentive liability 352,545 369,406
Capital lease obligations 0 93,257
Deferred revenues, less current portion 789,574 1,212,709
Total non-current liabilities 8,927,736 12,033,457
Total liabilities 18,896,669 26,147,840
Series A 0% Convertible Redeemable Preferred Stock, $.01 par value per share, $8,849,985 redemption value, 4,000,000 shares authorized, 2,949,995 shares issued and outstanding, net of unamortized preferred stock discount of zero and $875,935, respectively 8,849,985 7,974,050
Stockholders’ equity:    
Common stock, $.01 par value per share, 45,000,000 shares authorized; 19,684,284 and 18,783,540 shares issued and outstanding, respectively 196,843 187,836
Additional paid in capital 80,211,699 79,700,577
Accumulated deficit (68,006,666) (63,864,285)
Total stockholders’ equity 12,401,876 16,024,128
Total liability and stockholders' equity $ 40,148,530 $ 50,146,018