XML 15 R5.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 4,567,168 $ 2,431,892
Accounts receivable, net of allowance for doubtful accounts of $96,846 and $107,618 in 2018 and 2017, respectively 11,220,420 11,089,315
Unbilled accounts receivable 8,232,585 9,566,170
Other current assets 1,200,056 1,086,686
Total current assets 25,220,229 24,174,063
NONCURRENT ASSETS    
Property and equipment, net 737,766 1,012,684
Operating lease right of use asset, net 5,969,894 0
Intangibles, net 2,959,442 3,103,753
Goodwill 18,555,578 18,555,578
Other long-term assets 233,073 209,099
Total assets 53,675,982 47,055,177
CURRENT LIABILITIES    
Accounts payable 9,374,095 7,363,621
Accrued expenses 9,676,357 10,716,438
Deferred revenue 1,690,592 2,072,344
Current portion of capital leases 481,562 107,325
Current portion of other term obligations 88,226 192,263
Total current liabilities 21,310,832 20,451,991
NONCURRENT LIABILITIES    
Capital leases, net of current portion 5,594,671 122,040
Other term obligations, net of current portion 0 73,952
Deferred revenue 351,262 466,714
Deferred tax liability 1,558,162 1,523,510
Total liabilities 28,814,927 22,638,207
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; 84,112,446 and 84,112,446 shares issued and oustanding, respectively 84,113 84,113
Additional paid-in capital 95,015,826 94,926,560
Accumulated other comprehensive loss (215,767) (186,485)
Accumulated deficit (70,023,117) (70,407,218)
Total stockholders' equity 24,861,055 24,416,970
Total liabilities and stockholders' equity $ 53,675,982 $ 47,055,177