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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current Assets    
Cash $ 246,492 $ 2,285,557
Accounts and unbilled receivables (net of allowance for doubtful accounts of $550,000 and $810,000 at December 31, 2015 and December 31, 2014, respectively) 9,555,725 10,118,816
Inventory 95,400 0
Other current assets 148,076 233,789
Total current assets 10,045,693 12,638,162
Intangible assets, customer lists and technology stacks – net 11,566,643 12,479,737
Goodwill 2,004,600 0
Equipment under capital lease – net 366,961 0
Equipment – net 168,169 35,931
Long-term assets    
Software development costs – net 11,357,524 5,146,047
Deferred financing costs – net 356,979 600,583
Deferred licensing and royalty fees – net 960,000 1,200,000
Other assets 327,329 361,464
TOTAL ASSETS 37,153,898 32,461,924
Current Liabilities    
Accounts payable and accrued expenses 5,652,257 4,413,094
Note payable – revolver 7,601,904 6,750,050
Earn outs payable 343,075 0
Current obligation under capital lease 152,640 0
Current maturities - long term debt, net of debt discount of $31,945 2,637,344 650,810
Total current liabilities 16,387,220 11,813,954
Non-current obligation under capital lease 162,149 0
Long-term debt, less current maturities, net of debt discount of $197,333 4,338,763 5,834,688
Total liabilities 20,888,132 17,648,642
Stockholders' Equity    
Common stock - $0.001 par value; authorized: 200,000,000 shares: issued and outstanding 108,861,774 and 102,661,774 shares at December 31, 2015 and December 31, 2014, respectively 108,862 102,662
Additional paid-in capital 35,194,180 33,231,980
Accumulated deficit (19,037,276) (18,521,360)
Total stockholders' equity 16,265,766 14,813,282
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 37,153,898 $ 32,461,924