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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 4,043,668 $ 1,011,472
Accounts receivable, net of allowances of $208,490 and $354,542, respectively 2,068,998 4,168,015
Prepaid expenses and other current assets 1,254,015 1,244,494
Contract assets, net 1,477,619 0
Total current assets 8,844,300 6,423,981
Property and equipment, net of accumulated depreciation of $18,071,912 and $17,926,959, respectively 504,580 636,112
Deferred tax assets, net 597,780 590,977
Software development costs, net 185,797 279,414
Other assets 941,030 992,760
Goodwill 4,150,340 4,150,339
Other intangible assets, net 110,671 141,631
Contract assets, net 1,460,494 0
Total assets 16,794,992 13,215,214
Current liabilities:    
Accounts payable 820,115 1,092,864
Accrued expenses 2,375,718 4,376,235
Short-term loan, net of debt issuance costs and discounts 0 370,151
Deferred revenue, net 7,245,124 11,760,327
Total current liabilities 10,440,957 17,599,577
Other long-term liabilities 1,715,750 1,154,512
Notes payable, net 2,525,670 0
Deferred tax liabilities, net 85,559 85,559
Deferred revenue, net 4,426,638 6,600,363
Total liabilities 19,194,574 25,440,011
Commitments and contingencies (Note 11)
Series A redeemable convertible preferred stock, $.001 par value, 2,000,000 shares authorized, 900,000 shares issued and outstanding, redemption value of $10,527,075 and $9,000,000, respectively 9,040,397 9,000,000
Stockholders' deficit:    
Common stock - $.001 par value, 800,000,000 and 100,000,000 shares authorized, respectively, 97,937,491 and 60,091,560 shares issued, respectively and 97,937,491 and 44,563,490 shares outstanding, respectively 97,932 60,090
Additional paid-in capital 112,873,099 168,637,157
Accumulated deficit (122,496,878) (130,930,284)
Common stock held in treasury, at cost (0 and 15,528,070 shares, respectively) 0 (57,032,917)
Accumulated other comprehensive loss, net (1,914,132) (1,958,843)
Total stockholders' deficit (11,439,979) (21,224,797)
Total liabilities and stockholders' deficit $ 16,794,992 $ 13,215,214