Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The impact of the error on the consolidated balance sheet as of December 31, 2018 is presented below.



	As of December 31, 2018
	Previously Reported		Adjustment		Revised
Balance Sheet:
Long-term deferred revenue	2,506,898		(787,895	)	1,719,003
Total liabilities	17,769,761		(787,895	)	16,981,866
Accumulated deficit	(122,907,794	)	787,895		(122,119,899	)

The impact of the error on the consolidated statements of stockholders' deficit is presented below.



	As Previously Reported		Adjustment	Revised
Statement of Stockholders' Deficit:
Cumulative effect of adoption of ASC 606 for the year ended December 31, 2018	8,929,204		787,895	9,717,099
Accumulated deficit at December 31, 2018	(122,907,794	)	787,895	(122,119,899	)
Total stockholders' deficit at December 31, 2018	(11,553,796	)	787,895	(10,765,901	)

Deferred Revenue, by Arrangement, Disclosure

Changes in deferred revenue were as follows:



Twelve Months Ended December 31, 2019
Balance at December 31, 2018	9,366,490
Deferral of revenue	14,626,933
Recognition of revenue	(16,543,571		)
Change in reserves	(94,582		)
Balance at December 31, 2019	$	7,355,270

Right of Use Assets and Liabilities and Lease Costs

We have various operating leases for office facilities that expire through 2021. Below is a summary of our right of use assets and liabilities as of December 31, 2019.



Right of use assets	$	1,842,254
Lease liability obligations, current	1,655,522
Lease liability obligations, less current portion	624,859
Total lease liability obligations	$	2,280,381
Weighted-average remaining lease term	1.36
Weighted-average discount rate	5.99		%

Our operating lease costs for the year ended December 31, 2019 were as follows:



	Year Ended December 31, 2019
Components of lease expense:
Operating lease cost	2,495,865
Sublease income	(623,776		)
Net lease cost	$	1,872,089

Future Minimum Lease Payments

Approximate future minimum lease payments for our right of use assets over the remaining lease periods as of December 31, are as follows:



2020	1,754,189
2021	639,526
Total minimum lease payments	2,393,715
Less interest	(113,334	)
Present value of lease liabilities	2,280,381

Schedule of Intangible Assets and Goodwill

The gross carrying amount and accumulated amortization of goodwill and other intangible assets as of December 31, 2019 and 2018 are as follows:



	December 31, 2019			December 31, 2018
Goodwill	$	4,150,339		$	4,150,339
Other intangible assets:
Gross carrying amount	$	3,947,103		$	3,891,241
Accumulated amortization	(3,889,385		)	(3,799,907		)
Net carrying amount	$	57,718		$	91,334

Summary of Software Development Costs

The gross carrying amount and accumulated amortization of software development costs as of December 31, 2019 and 2018 are as follows:



	December 31, 2019			December 31, 2018
Software development costs:
Gross carrying amount	$	2,950,132		$	2,950,132
Accumulated amortization	(2,923,120		)	(2,861,363		)
Software development costs, net	$	27,012		$	88,769

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following represents the common stock equivalents that were excluded from the computation of diluted shares outstanding because their effect would have been anti-dilutive for the years ended December 31, 2019 and 2018:



	Year Ended December 31,
	2019	2018
Stock options, warrants and restricted stock	1,263,009	29,973
Series A redeemable convertible preferred stock	87,815	87,815
Total anti-dilutive common stock equivalents	1,350,824	117,788

Computation of Earnings Per Share



	Year Ended December 31,
	2019	2018
Stock options, warrants and restricted stock	1,263,009	29,973
Series A redeemable convertible preferred stock	87,815	87,815
Total anti-dilutive common stock equivalents	1,350,824	117,788

The following represents a reconciliation of the numerators and denominators of the basic and diluted EPS computation:



	Year Ended December 31,
	2019			2018
Numerator:
Net loss	$	(1,751,954	)	$	(906,714	)
Effects of Series A redeemable convertible preferred stock:
Less: Accrual of Series A redeemable convertible preferred stock dividends	1,157,762			1,035,977
Less: Accretion to redemption value of Series A redeemable convertible preferred stock	389,811			254,212
Less: Deemed dividend on Series A redeemable convertible preferred stock	$	—		$	2,269,042
Net loss attributable to common stockholders	$	(3,299,527	)	$	(4,465,945	)

Denominator:
Weighted average basic shares outstanding	5,900,621			933,301
Weighted average diluted shares outstanding	5,900,621			933,301

EPS:
Basic net loss per share attributable to common stockholders	$	(0.56	)	$	(4.79	)
Diluted net loss per share attributable to common stockholders	$	(0.56	)	$	(4.79	)