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Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2018
Jan. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,745,532 $ 4,619,834
Accounts receivable, net of allowance for doubtful accounts of $323,524 and $349,058, respectively 2,819,849 3,001,170
Contract receivables 923,274 223,791
Prepaid hardware and third-party software for future delivery 0 5,858
Prepaid client maintenance contracts 555,689 506,911
Other prepaid assets 608,363 742,232
Other current assets 545,431 546,885
Total current assets 9,198,138 9,646,681
Property and equipment:    
Computer equipment 2,831,024 2,852,776
Computer software 730,950 730,950
Office furniture, fixtures and equipment 683,443 683,443
Leasehold improvements 729,348 729,348
Property and equipment, gross 4,974,765 4,996,517
Accumulated depreciation and amortization (3,981,311) (3,834,153)
Property and equipment, net 993,454 1,162,364
Contract receivables, less current portion 686,658 0
Capitalized software development costs, net of accumulated amortization of $18,973,594 and $18,658,183, respectively 4,717,986 4,307,351
Intangible assets, net of accumulated amortization of $7,203,732 and $6,968,786, respectively 5,600,204 5,835,151
Goodwill 15,537,281 15,537,281
Other 577,570 642,226
Total non-current assets 28,113,153 27,484,373
Total assets 37,311,291 37,131,054
Current liabilities:    
Accounts payable 1,344,377 421,425
Accrued compensation 829,062 342,351
Accrued other expenses 766,353 609,582
Current portion of term loan 596,984 596,984
Deferred revenues 7,301,408 9,481,807
Total current liabilities 10,838,184 11,452,149
Non-current liabilities:    
Term loan, net of current portion and deferred financing cost of $110,542 and $128,275, respectively 3,769,840 3,901,353
Royalty liability 2,518,068 2,469,193
Lease incentive liability 254,933 274,128
Deferred revenues, less current portion 181,877 332,645
Total non-current liabilities 6,724,718 6,977,319
Total liabilities 17,562,902 18,429,468
Series A 0% Convertible Redeemable Preferred Stock, $.01 par value per share, $8,849,985 redemption value, 4,000,000 shares authorized, 2,895,464 and 2,949,995 shares issued and outstanding, respectively 8,686,392 8,849,985
Stockholders’ equity:    
Common stock, $.01 par value per share, 45,000,000 shares authorized; 20,034,446 and 20,005,977 shares issued and outstanding, respectively 200,344 200,060
Additional paid in capital 82,115,469 81,776,606
Accumulated deficit (71,253,816) (72,125,065)
Total stockholders’ equity 11,061,997 9,851,601
Total liability and stockholders' equity $ 37,311,291 $ 37,131,054