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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 6,251,464 $ 7,930,303
Accounts receivable, net of allowance for doubtful accounts of $76,486 and $73,378 in 2016 and 2015, respectively 7,122,892 10,565,113
Unbilled accounts receivable 9,057,696 6,637,587
Inventories 40,993 28,400
Prepaid expenses and other assets 510,533 435,300
Deferred income taxes 36,243 30,889
Total current assets 23,019,821 25,627,592
NONCURRENT ASSETS    
Property and equipment, net 1,439,692 1,513,307
Intangibles, net 4,834,602 5,101,523
Goodwill 18,555,578 18,555,578
Deposits and other assets 56,190 60,471
TOTAL ASSETS 47,905,883 50,858,471
CURRENT LIABILITIES    
Line of credit advance 585,712 0
Short term note payable 76,761 131,953
Accounts payable 2,886,931 7,812,226
Accrued expenses 9,679,060 6,687,054
Deferred revenue 1,253,896 2,007,970
Income taxes payable 59,645 37,684
Current portion of long-term debt 679,074 893,706
Current portion of capital lease obligations 18,716 28,752
Total current liabilities 15,239,795 17,599,345
NONCURRENT LIABILITIES    
Long-term debt, net of current portion 426,937 431,756
Capital lease obligation, net of current portion 5,111 11,962
Deferred rent, net of current portion 144,724 151,994
Deferred revenue 6,132 24,937
Deferred income taxes 447,811 447,811
Total liabilities 16,270,510 18,667,805
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 2,045,714 shares issued and none outstanding 0 0
Common stock, $0.001 par value; 110,000,000 shares authorized; 82,730,134 and 82,520,696 shares issued and outstanding, respectively 82,730 82,521
Additional paid-in capital 93,699,300 93,661,178
Accumulated other comprehensive loss (204,254) (270,140)
Accumulated deficit (61,942,403) (61,282,893)
Total stockholders’ equity 31,635,373 32,190,666
Total liabilities and stockholders’ equity $ 47,905,883 $ 50,858,471