XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2017
Jan. 31, 2017
Current assets:    
Cash and cash equivalents $ 3,577,245 $ 5,654,093
Accounts receivable, net of allowance for doubtful accounts of $385,583 and $198,449, respectively 3,720,665 4,489,789
Contract receivables 429,766 466,423
Prepaid hardware and third-party software for future delivery 5,858 5,858
Prepaid client maintenance contracts 768,443 595,633
Other prepaid assets 541,280 732,496
Other current assets 110,899 439
Total current assets 9,154,156 11,944,731
Property and equipment:    
Computer equipment 3,087,261 3,110,274
Computer software 831,242 827,642
Office furniture, fixtures and equipment 683,443 683,443
Leasehold improvements 729,348 729,348
Property and equipment, gross 5,331,294 5,350,707
Accumulated depreciation and amortization (3,621,128) (3,447,198)
Property and equipment, net 1,710,166 1,903,509
Capitalized software development costs, net of accumulated amortization of $17,116,225 and $16,544,797, respectively 4,399,315 4,584,245
Intangible assets, net of accumulated amortization of $6,140,395 and $5,807,338, respectively 6,663,542 6,996,599
Goodwill 15,537,281 15,537,281
Other 594,887 672,133
Total non-current assets 28,905,191 29,693,767
Total assets 38,059,347 41,638,498
Current liabilities:    
Accounts payable 876,122 1,116,525
Accrued compensation 394,466 496,706
Accrued other expenses 989,689 484,391
Current portion of term loan 655,804 655,804
Deferred revenues 8,306,413 9,916,454
Current portion of capital lease obligations 57,526 91,337
Total current liabilities 11,280,020 12,761,217
Non-current liabilities:    
Term loan, net of deferred financing cost of $181,477 and $199,211, respectively 4,737,069 4,883,286
Warrants liability 14,981 46,191
Royalty liability 2,391,563 2,350,754
Lease incentive liability 326,806 339,676
Deferred revenues, less current portion 424,310 568,515
Total non-current liabilities 7,894,729 8,188,422
Total liabilities 19,174,749 20,949,639
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 $0 8,849,985 8,849,985
Stockholders’ equity:    
Common stock, $.01 par value per share, 45,000,000 shares authorized; 19,674,122 and 19,695,391 shares issued and outstanding, respectively 196,741 196,954
Additional paid in capital 80,906,231 80,667,771
Accumulated deficit (71,068,359) (69,025,851)
Total stockholders’ equity 10,034,613 11,838,874
Total liability and stockholders' equity $ 38,059,347 $ 41,638,498