XML 54 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS      
Cash and cash equivalents $ 651,319 $ 112,221 $ 150,555
Stock subscription receivable, subsequently collected 500,000  
Accounts receivable, net 628,963 $ 314,743 329,557
Deferred commissions 85,656 80,348 62,732
Prepaid expenses 569,367 402,040 487,659
TOTAL CURRENT ASSETS 2,435,305 909,352 1,030,503
PROPERTY AND EQUIPMENT, net 711,181 295,925 $ 353,420
GOODWILL 204,000 204,000
INTANGIBLE ASSETS, NET 1,142,503 1,437,001
DEFERRED COMMISSIONS 55,182 103,312 $ 101,468
DEFERRED FINANCING COSTS 162,720 61,153 107,936
TOTAL ASSETS 4,710,891 3,010,743 1,593,327
CURRENT LIABILITIES      
Accounts payable 1,085,098 746,554 937,200
Accrued expenses 223,123 201,768 153,113
Accrued interest 182,432 182,184 1,953,502
Deferred revenue $ 910,960 747,113 $ 510,319
Warrant liability $ 163,570
Current maturities of capital lease obligations $ 321,686  
Current portion of long-term debt 2,214,257 $ 2,070,217 $ 3,170,672
TOTAL CURRENT LIABILITIES 4,937,556 $ 4,111,406 6,724,806
CAPITAL LEASE OBLIGATIONS, net of current maturities 466,936  
LONG TERM DEBT, net of current portion 2,492,000 $ 2,566,486 3,933,253
WARRANT LIABILITY 2,535,649 146,000 309,000
DEFERRED REVENUE 359,209 412,219 401,758
ACCRUED INTEREST 254,329 160,593 95,270
ACCRUED RENT 6,333 25,333 61,482
TOTAL LIABILITIES $ 11,052,012 $ 7,422,037 $ 11,525,569
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' DEFICIT      
Convertible preferred stock, $.0001 Par Value, 20,000,000 shares authorized, 44,030 and 2,229,702 and 0 shares issued and outstanding $ 4 $ 223
Common shares, $.0001 Par Value, 500,000,000 shares authorized, 16,934,497 and 5,625,957, 30,300,179 and 16,934,497 issued and outstanding 3,030 1,694 $ 563
Additional paid-in-capital 57,964,143 $ 47,307,314 26,668,258
Series C Stock Subscription Receivable (450,000)  
Accumulated deficit (63,858,298) $ (51,720,525) (36,601,063)
TOTAL SHAREHOLDERS' DEFICIT (6,341,121) (4,411,294) (9,932,242)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 4,710,891 $ 3,010,743 $ 1,593,327