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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 2,989,731 $ 3,154,540
Accounts receivable, less allowance for doubtful accounts of $586,941 and $760,917 as of December 31, 2015 and 2014, respectively 33,298,797 29,631,843
Prepaid expenses and other current assets 946,908 684,032
Total current assets 37,235,436 33,470,415
Goodwill 58,337,290 58,337,290
Intangible assets, net 11,828,008 15,115,617
Property and equipment, net, and other assets 1,608,632 753,493
Total assets 109,009,366 107,676,815
Current liabilities:    
Line of credit   5,250,000
Accounts payable and accrued liabilities 34,847,359 26,621,907
Deferred revenue and other current liabilities 328,829 282,189
Total current liabilities 35,176,188 32,154,096
Line of credit 4,000,000  
Other long-term liabilities 341,142 45,206
Total liabilities $ 39,517,330 $ 32,199,302
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of December 31, 2015 and 2014
Common stock, $0.001 par value, 200,000,000 shares authorized, 111,788,225 and 111,601,304 shares issued and outstanding as of December 31, 2015 and 2014, respectively $ 111,788 $ 111,601
Additional paid-in capital 152,249,558 150,789,292
Accumulated deficit (82,869,310) (75,423,380)
Total stockholders’ equity 69,492,036 75,477,513
Total liabilities and stockholders’ equity $ 109,009,366 $ 107,676,815