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Consolidated Balance Sheets - USD ($)
Jan. 31, 2017
Jan. 31, 2016
Current assets:    
Cash and cash equivalents $ 5,654,093 $ 9,882,136
Accounts receivable, net of allowance for doubtful accounts of $198,449 and $155,407, respectively 4,489,789 4,199,315
Contract receivables 466,423 119,697
Prepaid hardware and third party software for future delivery 5,858 5,858
Prepaid client maintenance contracts 595,633 956,913
Other prepaid assets 732,496 941,532
Other current assets 439 97,986
Total current assets 11,944,731 16,203,437
Property and equipment:    
Computer equipment 3,110,274 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 5,350,707 4,861,821
Accumulated depreciation and amortization (3,447,198) (2,407,746)
Property and equipment, net 1,903,509 2,454,075
Contract receivables, less current portion 0 8,711
Capitalized software development costs, net of accumulated amortization of $16,544,797 and $14,919,948, respectively 4,584,245 6,123,638
Intangible assets, net 6,996,599 8,155,325
Goodwill 15,537,281 16,184,667
Other non-current assets 672,133 746,018
Total non-current assets 29,693,767 33,672,434
Total assets 41,638,498 49,875,871
Current liabilities:    
Accounts payable 1,116,525 1,136,779
Accrued compensation 496,706 935,324
Accrued other expenses 484,391 328,551
Current portion of term loan 655,804 673,807
Deferred revenues 9,916,454 10,447,280
Current portion of capital lease obligations 91,337 592,642
Total current liabilities 12,761,217 14,114,383
Non-current liabilities:    
Term loan, net of deferred financing cost of $199,211 and $270,147, respectively 4,883,286 7,590,937
Warrants liability 46,191 205,113
Royalty liability 2,350,754 2,291,888
Lease incentive liability, less current portion 339,676 369,406
Capital lease obligations 0 93,257
Deferred revenues, less current portion 568,515 1,212,709
Total non-current liabilities 8,188,422 11,763,310
Total liabilities 20,949,639 25,877,693
Series A 0% Convertible Redeemable Preferred Stock, $.01 par value per share, $8,849,985 redemption and liquidation value, 4,000,000 shares authorized, 2,949,995 issued and outstanding, net of unamortized preferred stock discount of $0 and $875,935, respectively 8,849,985 7,974,050
Stockholders’ equity:    
Common stock, $.01 par value per share, 45,000,000 shares authorized; 19,695,391 and 18,783,540 shares issued and outstanding, respectively 196,954 187,836
Additional paid in capital 80,667,771 79,700,577
Accumulated deficit (69,025,851) (63,864,285)
Total stockholders’ equity 11,838,874 16,024,128
Total liability and stockholders' equity $ 41,638,498 $ 49,875,871