Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Deferred Revenue, by Arrangement, Disclosure

Changes in deferred revenue were as follows:

Twelve Months Ended December 31, 2020
Balance at December 31, 2019	$	7,355,270
Deferral of revenue	13,773,421
Recognition of revenue	(14,768,693)
Change in reserves	9,131
Balance at December 31, 2020	$	6,369,129

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, 2020.

Right of use assets	$	536,272
Lease liability obligations, current	665,074
Lease liability obligations, less current portion	—
Total lease liability obligations	$	665,074
Weighted-average remaining lease term	0.44
Weighted-average discount rate	5.95		%

    Our operating lease costs for the year ended December 31, 2020 were as follows:

	Years Ended December 31,
	2020		2019
Components of lease expense:
Operating lease cost	1,794,187		2,495,865
Sublease income	(505,626)		(623,776)
Net lease cost	$	1,288,561	$	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:

2021	659,754
Total minimum lease payments	659,754
Less interest	5,320
Present value of lease liabilities	665,074

Schedule of Intangible Assets and Goodwill

The gross carrying amount and accumulated amortization of goodwill and other intangible assets as of December 31, 2020 and 2019 are as follows: 

	December 31, 2020		December 31, 2019
Goodwill	$	4,150,339	$	4,150,339
Other intangible assets:
Gross carrying amount	$	4,027,912	$	3,947,103
Accumulated amortization	(3,927,778)		(3,889,385)
Net carrying amount	$	100,134	$	57,718

Summary of Software Development Costs

The gross carrying amount and accumulated amortization of software development costs as of December 31, 2020 and 2019 are as follows:

	December 31, 2020		December 31, 2019
Software development costs:
Gross carrying amount	$	2,950,132	$	2,950,132
Accumulated amortization	(2,930,854)		(2,923,120)
Software development costs, net	$	19,278	$	27,012

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, 2020 and 2019:

	Year Ended December 31,
	2020	2019
Stock options, warrants and restricted stock	1,395,993	1,263,009
Series A redeemable convertible preferred stock	87,815	87,815
Total anti-dilutive common stock equivalents	1,483,808	1,350,824

Computation of Earnings Per Share

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

	Year Ended December 31,
	2020		2019
Numerator:
Net income (loss)	$	1,138,509	$	(1,751,954)
Effects of Series A redeemable convertible preferred stock:
Less: Accrual of Series A redeemable convertible preferred stock dividends	1,083,892		1,157,762
Less: Accretion to redemption value of Series A redeemable convertible preferred stock	552,551		389,811
Net income (loss) attributable to common stockholders	$	(497,934)	$	(3,299,527)
Denominator:
Weighted average basic shares outstanding	5,920,517		5,900,621
Weighted average diluted shares outstanding	5,920,517		5,900,621
EPS:
Basic net income (loss) per share attributable to common stockholders	$	(0.08)	$	(0.56)
Diluted net income (loss) per share attributable to common stockholders	$	(0.08)	$	(0.56)