XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 10,873,891us-gaap_CashAndCashEquivalentsAtCarryingValue $ 19,288,340us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 0us-gaap_RestrictedCashAndCashEquivalents 750,000us-gaap_RestrictedCashAndCashEquivalents
Marketable securities 10,900,722us-gaap_MarketableSecuritiesCurrent 8,073,108us-gaap_MarketableSecuritiesCurrent
Accounts receivable, net of allowances of $119,530 and $276,302, respectively 8,898,680us-gaap_AccountsReceivableNetCurrent 11,150,323us-gaap_AccountsReceivableNetCurrent
Prepaid expenses and other current assets 1,596,916us-gaap_PrepaidExpenseAndOtherAssetsCurrent 1,636,891us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Inventory 352,493us-gaap_InventoryNet 919,390us-gaap_InventoryNet
Deferred tax assets, net 316,586us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 358,092us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Total current assets 32,939,288us-gaap_AssetsCurrent 42,176,144us-gaap_AssetsCurrent
Property and equipment, net of accumulated depreciation of $16,867,911 and $16,022,230, respectively 2,147,188us-gaap_PropertyPlantAndEquipmentNet 3,317,344us-gaap_PropertyPlantAndEquipmentNet
Deferred tax assets, net 7,503us-gaap_DeferredTaxAssetsNetNoncurrent 49,651us-gaap_DeferredTaxAssetsNetNoncurrent
Software development costs, net 1,508,517falc_CapitalizedSoftwareDevelopmentCostsforSoftwareSoldtoCustomersNetTotal 1,796,075falc_CapitalizedSoftwareDevelopmentCostsforSoftwareSoldtoCustomersNetTotal
Other assets 1,373,964us-gaap_OtherAssetsNoncurrent 1,549,255us-gaap_OtherAssetsNoncurrent
Goodwill 4,150,339us-gaap_Goodwill 4,150,339us-gaap_Goodwill
Other intangible assets, net 196,037us-gaap_IntangibleAssetsNetExcludingGoodwill 179,596us-gaap_IntangibleAssetsNetExcludingGoodwill
Total assets 42,322,836us-gaap_Assets 53,218,404us-gaap_Assets
Current liabilities:    
Accounts payable 1,266,504us-gaap_AccountsPayableCurrent 1,024,180us-gaap_AccountsPayableCurrent
Accrued expenses 6,939,198us-gaap_AccruedLiabilitiesCurrent 8,658,863us-gaap_AccruedLiabilitiesCurrent
Deferred tax liabilities, net 23,307us-gaap_DeferredTaxLiabilitiesCurrent 18,005us-gaap_DeferredTaxLiabilitiesCurrent
Deferred revenue, net 23,380,012us-gaap_DeferredRevenueCurrent 18,148,268us-gaap_DeferredRevenueCurrent
Total current liabilities 31,609,021us-gaap_LiabilitiesCurrent 27,849,316us-gaap_LiabilitiesCurrent
Liabilities, Noncurrent [Abstract]    
Other long-term liabilities 630,444us-gaap_OtherLiabilitiesNoncurrent 617,300us-gaap_OtherLiabilitiesNoncurrent
Deferred tax liabilities, net 226,443us-gaap_DeferredTaxLiabilitiesNoncurrent 193,705us-gaap_DeferredTaxLiabilitiesNoncurrent
Deferred revenue, net 13,097,215us-gaap_DeferredRevenueNoncurrent 11,602,177us-gaap_DeferredRevenueNoncurrent
Total liabilities 45,563,123us-gaap_Liabilities 40,262,498us-gaap_Liabilities
Commitments and contingencies      
Series A redeemable convertible preferred stock, $.001 par value, 2,000,000 shares authorized, 900,000 shares issued and outstanding, redemption value of $9,000,000 7,230,941us-gaap_TemporaryEquityCarryingAmountAttributableToParent 6,737,578us-gaap_TemporaryEquityCarryingAmountAttributableToParent
Stockholders' equity:    
Common stock - $.001 par value, 100,000,000 shares authorized, 56,360,222 and 56,036,972 shares issued, respectively and 40,924,313 and 48,031,737 shares outstanding, respectively 56,360us-gaap_CommonStockValue 56,037us-gaap_CommonStockValue
Additional paid-in capital 166,933,291us-gaap_AdditionalPaidInCapital 166,683,726us-gaap_AdditionalPaidInCapital
Accumulated deficit (119,054,530)us-gaap_RetainedEarningsAccumulatedDeficit (111,842,709)us-gaap_RetainedEarningsAccumulatedDeficit
Common stock held in treasury, at cost (15,435,909 and 8,005,235 shares, respectively) (56,895,059)us-gaap_TreasuryStockValue (46,916,339)us-gaap_TreasuryStockValue
Accumulated other comprehensive loss, net (1,511,290)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (1,762,387)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders' (deficit) equity (10,471,228)us-gaap_StockholdersEquity 6,218,328us-gaap_StockholdersEquity
Total liabilities and stockholders' (deficit) equity $ 42,322,836us-gaap_LiabilitiesAndStockholdersEquity $ 53,218,404us-gaap_LiabilitiesAndStockholdersEquity