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Consolidated Balance Sheets (Current Period Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 2,015,986 $ 1,998,158
Accounts receivable- less allowance for doubtful accounts of $71,472 at September 30, 2012, and $77,590 at December 31, 2011 2,073,162 1,665,553
Unbilled receivables 34,400 46,408
Prepaid expenses and other current assets 173,210 83,326
Total current assets 4,296,758 3,793,445
Property and equipment, net 54,215 20,685
Security Deposit 1,000,000 1,000,000
Deposits and other assets 100,032 142,673
Total assets 5,451,005 4,956,803
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable and accrued expenses 1,343,151 1,104,736
Total current liabilities 1,343,151 1,104,736
Shareholders' equity:    
Preferred stock, $.01 par value; 2,000,000 shares authorized; no shares issued and outstanding as of September 30, 2012, and December 31, 2011 0 0
Common stock, $.01 par value; 30,000,000 shares authorized; 2,330,438 issued and outstanding as of September 30, 2012, and December 31, 2011 23,304 23,304
Paid-in capital 37,855,740 37,855,740
Accumulated other comprehensive Loss - foreign currency translation (28,196) (25,932)
Accumulated deficit (33,742,994) (34,001,045)
Total shareholders' equity 4,107,854 3,852,067
Total liabilities and shareholders' equity $ 5,451,005 $ 4,956,803