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Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Assets    
Cash and cash equivalents $ 3,203,281 $ 4,158,646
Restricted cash 250,000
Accounts receivable 764,493 $ 794,123
Deferred income taxes 16,645 16,645
Income taxes receivable 807,385 793,189
Other current assets 379,346 250,840
Total current assets 5,421,150 6,013,443
Property and equipment, net 859,346 817,046
Goodwill 8,885,425 8,881,933
Other intangible assets, net 5,135,078 5,518,305
Deposits and other 19,253 11,280
Total assets 20,320,252 21,242,007
Liabilities and Shareholders' Equity    
Accounts payable 670,191 609,454
Accrued expenses and other current liabilities 789,920 1,098,790
Deferred revenue 881,755 895,158
Current portion of earn out liabilities 4,901,000 5,191,116
Income taxes payable $ 69,358 36,469
Deferred income taxes 7,598
Total current liabilities $ 7,312,224 $ 7,838,585
Shareholders' equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued or outstanding at March 31, 2016 and December 31, 2015
Common stock, $0.001 par value, Authorized shares-50,000,000; issued shares-7,303,787 at March 31, 2016 and 7,233,035 at December 31, 2015; outstanding shares-7,283,787 at March 31, 2016 and 7,233,035 at December 31, 2015 $ 7,304 $ 7,233
Additional paid in capital 23,004,602 22,607,290
Accumulated other comprehensive income loss (141,291) (142,613)
Accumulated deficit (9,778,587) $ (9,068,488)
Treasury stock, 20,000 shares at March 31, 2016 and zero shares at December 31, 2015 (84,000)
Total shareholders' equity 13,008,028 $ 13,403,422
Total liabilities and shareholders' equity $ 20,320,252 $ 21,242,007