XML 43 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 8,307,549 $ 10,873,891
Marketable securities 10,523,821 10,900,722
Accounts receivable, net of allowances of $223,059 and $119,530, respectively 6,224,034 8,898,680
Prepaid expenses and other current assets 1,750,218 1,596,916
Inventory 150,236 352,493
Deferred tax assets, net 296,360 316,586
Total current assets 27,252,218 32,939,288
Property and equipment, net of accumulated depreciation of $17,459,942 and $16,867,911, respectively 1,911,145 2,147,188
Deferred tax assets, net 7,503 7,503
Software development costs, net 1,260,289 1,508,517
Other assets 1,162,524 1,373,964
Goodwill 4,150,339 4,150,339
Other intangible assets, net 262,333 196,037
Total assets 36,006,351 42,322,836
Current liabilities:    
Accounts payable 1,145,944 1,266,504
Accrued expenses 7,779,298 6,939,198
Deferred tax liabilities, net 23,307 23,307
Deferred revenue, net 17,190,326 23,380,012
Total current liabilities 26,138,875 31,609,021
Other long-term liabilities 746,897 630,444
Deferred tax liabilities, net 245,903 226,443
Deferred revenue, net 9,213,624 13,097,215
Total liabilities $ 36,345,299 $ 45,563,123
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 $ 7,511,915 $ 7,230,941
Stockholders' deficit:    
Common stock - $.001 par value, 100,000,000 shares authorized, 56,448,262 and 56,360,222 shares issued, respectively and 40,920,192 and 40,924,313 shares outstanding, respectively 56,448 56,360
Additional paid-in capital 167,117,725 166,933,291
Accumulated deficit (116,460,335) (119,054,530)
Common stock held in treasury, at cost (15,528,070 and 15,435,909 shares, respectively) (57,032,917) (56,895,059)
Accumulated other comprehensive loss, net (1,531,784) (1,511,290)
Total stockholders' deficit (7,850,863) (10,471,228)
Total liabilities and stockholders' deficit $ 36,006,351 $ 42,322,836