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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 13,530,000 $ 5,084,000
Accounts receivable 65,000 56,000
Prepaid expenses and other current assets 308,000 160,000
Investments held-to-maturity 0 4,747,000
TOTAL CURRENT ASSETS 13,903,000 10,047,000
PROPERTY AND EQUIPMENT    
Property and equipment 2,603,000 2,269,000
Less: Accumulated depreciation and amortization (1,737,000) (1,275,000)
PROPERTY AND EQUIPMENT, NET 866,000 994,000
NONCURRENT ASSETS    
Intangible assets, net 1,325,000 1,253,000
Restricted cash 100,000 100,000
Goodwill 825,000 789,000
Deferred tax asset 24,000 0
Other assets 19,000 16,000
TOTAL OTHER NONCURRENT ASSETS 2,293,000 2,158,000
TOTAL ASSETS 17,062,000 13,199,000
CURRENT LIABILITIES    
Accounts payable 809,000 905,000
Accrued expenses 122,000 35,000
Accrued salaries and payroll related expenses 1,069,000 1,765,000
Deferred revenue, current 261,000 279,000
Deferred rent, current 0 20,000
TOTAL CURRENT LIABILITIES 2,261,000 3,004,000
LONG-TERM LIABILITIES    
Deferred revenue 0 46,000
Deferred rent 8,000 0
Deferred income taxes 0 16,000
TOTAL LIABILITIES 2,269,000 3,066,000
Commitments and contingencies (Note 8) 0 0
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 47,000,000 authorized and 12,468,647 outstanding as of December 31, 2016, and 16,479,806 outstanding as of September 30, 2017 16,000 12,000
Preferred stock, $0.001 par value, 3,000,000 authorized and none outstanding as of December 31, 2016 and September 30, 2017 0 0
Additional paid-in capital 74,282,000 56,331,000
Accumulated other comprehensive loss (5,000) (51,000)
Accumulated deficit (59,500,000) (46,159,000)
TOTAL STOCKHOLDERS’ EQUITY 14,793,000 10,133,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 17,062,000 $ 13,199,000