XML 44 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows Provided By (Used In) Operating Activities:    
Net Loss $ (2,152,900) $ (1,652,700)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 170,400 209,600
Stock-based compensation expense 412,400 330,200
Company payment of employee taxes for stock-based compensation (10,800)  
Change in fair value of derivative instruments – warrants (129,300) (1,611,200)
Accretion of warrants liability for consulting services (14,300) (66,000)
Accretion of equity warrants for consulting services, net of forfeitures   (3,600)
Changes in deferred rent (20,500) (2,300)
Changes to allowance of doubtful accounts (16,700) (21,600)
Revenue deferred to future periods 1,542,200 1,709,100
Recognition of deferred revenue (2,033,300) (2,250,300)
Changes in severance liability   (62,900)
Interest accrued for capital lease 700  
Changes in operating assets and liabilities:    
Accounts receivable 1,746,500 266,900
Prepaid expenses (5,300) (68,000)
Accounts payable and accrued expenses 138,100 (57,300)
Net Cash Used in Operating Activities (372,800) (3,280,100)
Cash Flows Used In Investing Activities:    
Capital expenditures (5,100) (40,800)
Net Cash Used In Investing Activities (5,100) (40,800)
Cash Flows Provided By Financing Activities:    
Payment for capital lease (4,500)  
Proceeds from private placement of stock and warrants, net of issuance costs   3,370,000
Proceeds from exercise of warrants   260,000
Proceeds from exercise of employee stock options 4,900 47,800
Net Cash Provided By Financing Activities 400 3,677,800
Net Increase in Cash (377,500) 356,900
Cash - Beginning of Period 1,557,100 2,430,700
Cash - End of Period $ 1,179,600 $ 2,787,600