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Condensed Consolidated Balance Sheets - USD ($)
Oct. 31, 2017
Jan. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,892,182 $ 5,654,093
Accounts receivable, net of allowance for doubtful accounts of $301,773 and $198,449, respectively 2,532,941 4,489,789
Contract receivables 283,973 466,423
Prepaid hardware and third-party software for future delivery 5,858 5,858
Prepaid client maintenance contracts 587,960 595,633
Other prepaid assets 837,649 732,496
Other current assets 392,449 439
Total current assets 6,533,012 11,944,731
Property and equipment:    
Computer equipment 2,971,361 3,110,274
Computer software 725,700 827,642
Office furniture, fixtures and equipment 683,443 683,443
Leasehold improvements 729,348 729,348
Property and equipment, gross 5,109,852 5,350,707
Accumulated depreciation and amortization (3,762,821) (3,447,198)
Property and equipment, net 1,347,031 1,903,509
Capitalized software development costs, net of accumulated amortization of $18,119,290 and $16,544,797, respectively 4,346,694 4,584,245
Intangible assets, net of accumulated amortization of $6,729,799 and $5,807,338, respectively 6,074,137 6,996,599
Goodwill 15,537,281 15,537,281
Other 677,319 672,133
Total non-current assets 27,982,462 29,693,767
Total assets 34,515,474 41,638,498
Current liabilities:    
Accounts payable 807,778 1,116,525
Accrued compensation 593,510 496,706
Accrued other expenses 587,209 484,391
Current portion of term loan 596,984 655,804
Deferred revenues 6,130,259 9,916,454
Current portion of capital lease obligations 0 91,337
Total current liabilities 8,715,740 12,761,217
Non-current liabilities:    
Term loan, net of deferred financing cost of $146,009 and $199,211, respectively 4,032,865 4,883,286
Warrants liability 150,857 46,191
Royalty liability 2,456,233 2,350,754
Lease incentive liability 293,322 339,676
Deferred revenues, less current portion 487,832 568,515
Total non-current liabilities 7,421,109 8,188,422
Total liabilities 16,136,849 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; 19,984,743 and 19,695,391 shares issued and outstanding, respectively 199,847 196,954
Additional paid in capital 81,491,728 80,667,771
Accumulated deficit (72,162,935) (69,025,851)
Total stockholders’ equity 9,528,640 11,838,874
Total liability and stockholders' equity $ 34,515,474 $ 41,638,498