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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash $ 3,946,804 $ 4,257,204
Accounts receivable, net of allowance for doubtful accounts of $23,000 and $17,200, respectively 7,586,129 7,001,337
Unbilled revenue 8,644 16,154
Prepaid expenses and other current assets 284,469 345,752
Total current assets 11,826,046 11,620,447
Property and equipment, net 1,615,223 1,805,561
Other assets    
Goodwill 5,760,808 5,760,808
Intangible assets, net of accumulated amortization 8,343,876 9,320,951
Other assets 15,186 224,759
Total other assets 14,119,870 15,306,518
Total assets 27,561,139 28,732,526
Current liabilities    
Accounts payable 9,280,779 10,080,315
Accrued expenses and other current liabilities 2,689,640 3,169,445
Total current liabilities 11,970,419 13,249,760
Long-term liabilities    
Deferred tax liability 3,738,500 3,799,600
Other long-term liabilities 326,428 722,722
Total long-term liabilities 4,064,928 4,522,322
Stockholders’ equity    
Preferred stock, $.001 par value: Authorized shares - 500,000 - none issued and outstanding 0 0
Common stock, $.001 par value: Authorized shares - 40,000,000, issued shares 25,300,189 and 24,752,408, respectively; outstanding shares 24,923,6627 and 24,375,881, respectively 25,300 24,752
Additional paid-in capital 130,418,413 129,081,029
Accumulated deficit (117,521,362) (116,748,778)
Treasury stock, at cost - 376,527 shares (1,396,559) (1,396,559)
Total stockholders' equity 11,525,792 10,960,444
Total liabilities and stockholders' equity $ 27,561,139 $ 28,732,526