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Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Software license fees $ 2,384,000 $ 1,036,000 $ 2,577,000 $ 3,322,000
Services and maintenance 5,717,000 5,059,000 11,988,000 9,732,000
Total revenues 8,101,000 6,095,000 14,565,000 13,054,000
Cost of software license fees 377,000 535,000 769,000 975,000
Cost of services and maintenance 3,592,000 3,507,000 7,525,000 6,520,000
Total cost of revenues 3,969,000 4,042,000 8,294,000 7,495,000
Gross Profit 4,132,000 2,053,000 6,271,000 5,559,000
Product Development 687,000 1,083,000 1,258,000 1,569,000
Sales and marketing 1,424,000 969,000 2,527,000 2,278,000
General and administrative 1,046,000 760,000 2,132,000 1,834,000
Total operating expenses 3,157,000 2,812,000 5,917,000 5,681,000
Income (loss) from operations 975,000 (759,000) 354,000 (122,000)
Interest income 4,000 6,000 9,000 11,000
Income (Loss) before income tax 979,000 (753,000) 363,000 (111,000)
Income tax expense 19,000 11,000 36,000 20,000
Net income (loss) 960,000 (764,000) 327,000 (131,000)
Preferred Dividend $ 75,000 $ 75,000 $ 150,000 $ 150,000
Net income (loss) allocable to common stockholders $ 885,000 $ (839,000) $ 177,000 $ (281,000)
Basic net earingings (loss) per share allocable to common stockholders $ 0.25 $ (0.24) $ 0.05 $ (0.08)
Diluted net earnings (loss) per share allocable to common stockholders $ 0.22 $ (0.24) $ 0.05 $ (0.08)
Weighted average shares outstanding used in computing basic net earnings (loss) per share 3,568,000 3,560,000 3,568,000 3,557,000
Weighted average shares outstanding used in computing diluted net earnings (loss) per share 4,411,000 3,560,000 3,568,000 3,557,000