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Condensed Consolidated Balance Sheets - USD ($)
Jul. 31, 2017
Jan. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,916,459 $ 5,654,093
Accounts receivable, net of allowance for doubtful accounts of $286,084 and $198,449, respectively 4,621,331 4,489,789
Contract receivables 69,625 466,423
Prepaid hardware and third-party software for future delivery 5,858 5,858
Prepaid client maintenance contracts 710,309 595,633
Other prepaid assets 861,300 732,496
Other current assets 665 439
Total current assets 9,185,547 11,944,731
Property and equipment:    
Computer equipment 3,081,856 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 5,325,889 5,350,707
Accumulated depreciation and amortization (3,814,938) (3,447,198)
Property and equipment, net 1,510,951 1,903,509
Capitalized software development costs, net of accumulated amortization of $17,688,421 and $16,544,797, respectively 4,285,069 4,584,245
Intangible assets, net of accumulated amortization of $6,473,451 and $5,807,338, respectively 6,330,485 6,996,599
Goodwill 15,537,281 15,537,281
Other 636,232 672,133
Total non-current assets 28,300,018 29,693,767
Total assets 37,485,565 41,638,498
Current liabilities:    
Accounts payable 1,566,454 1,116,525
Accrued compensation 481,528 496,706
Accrued other expenses 188,872 484,391
Current portion of term loan 596,980 655,804
Deferred revenues 9,298,192 9,916,454
Current portion of capital lease obligations 23,188 91,337
Total current liabilities 12,155,214 12,761,217
Non-current liabilities:    
Term loan, net of deferred financing cost of $163,743 and $199,211, respectively 4,164,381 4,883,286
Warrants liability 360 46,191
Royalty liability 2,423,602 2,350,754
Lease incentive liability 311,585 339,676
Deferred revenues, less current portion 363,910 568,515
Total non-current liabilities 7,263,838 8,188,422
Total liabilities 19,419,052 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; 19,962,672 and 19,695,391 shares issued and outstanding, respectively 199,627 196,954
Additional paid in capital 81,183,325 80,667,771
Accumulated deficit (72,166,424) (69,025,851)
Total stockholders’ equity 9,216,528 11,838,874
Total liability and stockholders' equity $ 37,485,565 $ 41,638,498