0001493152-17-009234.txt : 20170814 0001493152-17-009234.hdr.sgml : 20170814 20170814162150 ACCESSION NUMBER: 0001493152-17-009234 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 55 CONFORMED PERIOD OF REPORT: 20170630 FILED AS OF DATE: 20170814 DATE AS OF CHANGE: 20170814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: hopTo Inc. CENTRAL INDEX KEY: 0001021435 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 133899021 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-21683 FILM NUMBER: 171030475 BUSINESS ADDRESS: STREET 1: 1901 S. BASCOM AVENUE STREET 2: SUITE 660 CITY: CAMPBELL STATE: CA ZIP: 95008 BUSINESS PHONE: 8004727466 MAIL ADDRESS: STREET 1: 1901 S. BASCOM AVENUE STREET 2: SUITE 660 CITY: CAMPBELL STATE: CA ZIP: 95008 FORMER COMPANY: FORMER CONFORMED NAME: GRAPHON CORP/DE DATE OF NAME CHANGE: 19990727 FORMER COMPANY: FORMER CONFORMED NAME: UNITY FIRST ACQUISITION CORP DATE OF NAME CHANGE: 19960823 10-Q 1 form10-q.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the Quarterly Period Ended June 30, 2017

Commission File Number: 0-21683

 

 

 

hopTo Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   13-3899021
(State of incorporation)   (IRS Employer Identification No.)

 

6 Loudon Road, Suite 200

Concord, NH 03301

(Address of principal executive offices)

 

Registrant’s telephone number:

(800) 472-7466

(408) 688-2674

 

Registrant’s former principal executive offices:

51 East Campbell Avenue, Suite 128

Campbell, CA 95008

 

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 

Yes [X] No [  ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulations S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

 

Yes[X] No [  ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer [  ]   Accelerated filer [  ]
Non-accelerated filer [  ]   Smaller reporting company [X]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]

 

As of August 11, 2017, there were 9,404,400 issued and outstanding shares of the registrant’s common stock, par value $0.0001.

 

 

 

 
   

 

hopTo Inc.

FORM 10-Q

Table of Contents

 

PART I.   FINANCIAL INFORMATION   PAGE
Item 1.   Financial Statements   3
    Condensed Consolidated Balance Sheets as of June 30, 2017 (unaudited) and December 31, 2016   3
    Unaudited Condensed Consolidated Statements of Operations for the Three and Six-Month Periods Ended June 30, 2017 and 2016   4
    Unaudited Condensed Consolidated Statements of Stockholders’ Equity for the Six-Month Periods Ended June 30, 2017 and 2016   5
    Unaudited Condensed Consolidated Statements of Cash Flows for the Six-Month Periods Ended June 30, 2017 and 2016   6
    Notes to Unaudited Condensed Consolidated Financial Statements   7
Item 2.   Management’s Discussion and Analysis of Financial Condition and Results of Operations   15
Item 3.   Quantitative and Qualitative Disclosures About Market Risk   23
Item 4.   Controls and Procedures   23
         
PART II.   OTHER INFORMATION   24
Item 1.   Legal Proceedings   24
Item 1A.   Risk Factors   24
Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds   24
Item 3.   Defaults Upon Senior Securities   24
Item 4.   Mine Safety Disclosures   24
Item 5.   Other Information   24
Item 6.   Exhibits   24
    Signatures   25

 

Forward-Looking Information

 

This report includes, in addition to historical information, “forward-looking statements”. All statements other than statements of historical fact we make in this report are forward-looking statements. In particular, the statements regarding industry prospects and our future results of operations or financial position are forward-looking statements. Such statements are based on management’s current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ significantly from those described in the forward-looking statements. Factors that may cause such a difference include the following:

 

The substantial doubt that exists as to our ability to continue as a going concern; the success of our products depends on a number of factors including market acceptance and our ability to manage the risks associated with product introduction;
   
local, regional, national and international economic conditions and events, and the impact they may have on us and our customers;
   
our revenue could be adversely impacted if any of our significant customers reduces its order levels or fails to order during a reporting period; and
   
other factors, including, but not limited to, those set forth under Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the Securities and Exchange Commission (the “SEC”) on April 7, 2017, and in other documents we have filed with the SEC.

 

Statements included in this report are based upon information known to us as of the date that this report is filed with the SEC, and we assume no obligation to update or alter our forward-looking statements made in this report, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.

 

 2  
   

 

PART I. FINANCIAL INFORMATION

 

ITEM 1. Financial Statements

 

hopTo Inc.

Condensed Consolidated Balance Sheets

 

hopTo Inc.
Condensed Consolidated Balance Sheets
             
    (Unaudited)        
      June 30, 2017       December 31, 2016  
Assets                
Current Assets:                
Cash   $ 554,800     $ 546,200  
Accounts receivable, net     447,000       355,300  
Prepaid expenses     37,400       38,700  
Total Current Assets     1,039,200       940,200  
                 
Property and equipment, net     48,700       143,300  
Other assets     109,000       109,000  
Total Assets   $ 1,196,900     $ 1,192,500  
                 
Liabilities and Stockholders’ Equity (Deficit)                
Current Liabilities:                
Accounts payable and accrued expenses   $ 940,900     $ 975,800  
Deferred rent     7,500       24,100  
Capital lease     2,300       6,800  
Deferred revenue     1,817,000       1,759,000  
Other current liabilities     855,100       571,100  
Total Current Liabilities     3,622,800       3,336,800  
                 
Deposit liability     93,500       81,400  
Deferred revenue     1,551,200       1,694,600  
Deferred rent           2,600  
Total Liabilities     5,267,500       5,115,400  
                 
Commitments and contingencies                
                 
Stockholders’ Equity (Deficit):                
Preferred stock, $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding            
Common stock, $0.0001 par value, 195,000,000 shares authorized, 9,804,400 shares issued and outstanding at June 30, 2017 and December 31, 2016     14,700       14,700  
Additional paid-in capital     78,530,700       78,512,200  
Accumulated deficit     (82,616,000 )     (82,449,800 )
Total Stockholders’ Deficit     (4,070,600 )     (3,922,900 )
Total Liabilities and Stockholders’ Deficit   $ 1,196,900     $ 1,192,500  

 

See accompanying notes to unaudited condensed consolidated financial statements

 

 3  
   

 

hopTo Inc.

Condensed Consolidated Statements of Operations

 

   Three Months Ended June 30,   Six Months Ended June 30, 
   2017   2016   2017   2016 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
Revenue  $924,800   $958,600   $1,907,300   $1,965,900 
Costs of revenue   18,300    67,400    37,100    121,200 
Gross profit   906,500    891,200    1,870,200    1,844,700 
Operating expenses:                    
Selling and marketing   82,100    253,600    172,000    570,700 
General and administrative   421,100    614,900    1,062,200    1,293,000 
Research and development   355,100    483,600    740,100    1,369,400 
Total operating expenses   858,300    1,352,100    1,974,300    3,233,100 
Income / (loss) from operations   48,200    (460,900)   (104,100)   (1,388,400)
Other income (expense) - change in fair value of warrants liability       22,200        (25,100)
Other income (expense), net   (59,600)   2,000    (60,100)   2,600 
Loss before provision for income tax   (11,400)   (436,700)   (164,200)   (1,410,900)
Provision for income tax   1,100    900    2,000    1,600 
Net Loss  $(12,500)  $(437,600)  $(166,200)  $(1,412,500)
Basic and diluted loss per share  $(0.00)  $(0.04)  $(0.02)  $(0.14)
Average weighted common shares outstanding – basic and diluted   9,804,400    9,752,821    9,804,400    9,752,417 

 

 

See accompanying notes to unaudited condensed consolidated financial statements

 

 4  
   

 

hopTo Inc.

Condensed Consolidated Statements of Stockholders’ Equity

 

   Six Months Ended June 30, 
   2017   2016 
   (Unaudited)   (Unaudited) 
Preferred stock – shares outstanding          
Beginning balance        
Ending balance        
           
Common stock – shares outstanding          
Beginning balance   9,804,400    9,731,233 
Vesting of restricted stock awards       30,549 
Ending balance   9,804,400    9,761,782 
           
Common stock - amount          
Beginning balance  $14,700   $14,600 
Ending balance  $14,700   $14,600 
           
Additional paid-in capital          
Beginning balance  $78,512,200   $78,189,300 
Stock-based compensation expense   18,500    229,700 
Company payment of employee taxes for stock-based compensation       (1,600)
Other Rounding       100 
Ending balance  $78,530,700   $78,417,500 
           
Accumulated deficit          
Beginning balance  $(82,449,800)  $(80,596,900)
Net loss   (166,200)   (1,412,500)
Ending balance  $(82,616,000)  $(82,009,400)
Total Stockholders’ (Deficit)  $(4,070,600)  $(3,577,300)

 

See accompanying notes to unaudited condensed consolidated financial statements

 

 5  
   

 

hopTo Inc.

Condensed Consolidated Statements of Cash Flows

 

   Six Months Ended June 30, 
   2017   2016 
   (Unaudited)   (Unaudited) 
Cash Flows Provided By (Used In) Operating Activities:          
Net Loss  $(166,200)  $(1,412,500)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:          
Depreciation and amortization   33,200    54,800 
Write-down of capitalized purchased technology       15,500 
Stock-based compensation expense   18,500    229,700 
Company payment of employee taxes for stock-based compensation       (1,600)
Change in fair value of derivative instruments – warrants       25,100 
Accretion of warrants liability for consulting services       3,500 
Changes in deferred rent   (19,200)   28,300 
Changes to allowance of doubtful accounts   7,600    (2,400)
Revenue deferred to future periods   1,384,300    630,700 
Recognition of deferred revenue   (1,469,700)   (950,000)
Changes in severance liability       (5,900)
Loss / (gain) on disposal of fixed assets   60,400    (1,800)
Interest accrued for capital lease   300    600 
Changes in operating assets and liabilities:          
Accounts receivable   (99,300)   146,500 
Prepaid expenses   1,300    59,300 
Deposit liability   12,100     
Accounts payable and accrued expenses   (34,900)   66,300 
Other current liabilities   284,000     
Net Cash Provided By (Used In) Operating Activities   12,400    (1,113,900)
           
Cash Flows Used In Investing Activities:          
Proceeds from sale of expensed equipment   900    4,500 
Net Cash Provided By Investing Activities   900    4,500 
           
Cash Flows Provided By Financing Activities:          
Payment for capital lease   (4,700)   (4,700)
Net Cash (Used In) Provided By Financing Activities   (4,700)   (4,700)
           
Net Increase (Decrease) in Cash   8,600    (1,114,100)
Cash - Beginning of Period   546,200    1,777,300 
Cash - End of Period  $554,800   $663,200 

 

See accompanying notes to unaudited condensed consolidated financial statements

 

 6  
   

 

hopTo Inc.

Notes to Unaudited Condensed Consolidated Financial Statements

 

1. Basis of Presentation

 

The unaudited condensed consolidated financial statements include the accounts of hopTo Inc. and its subsidiaries (collectively, the “Company”, “we”, “us” or “our”); significant intercompany accounts and transactions are eliminated upon consolidation. The unaudited condensed consolidated financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) applicable to interim financial information and the rules and regulations promulgated by the Securities and Exchange Commission (the “SEC”). Accordingly, such unaudited condensed consolidated financial statements do not include all information and footnote disclosures required in annual financial statements.

 

The unaudited condensed consolidated financial statements included herein reflect all adjustments, which include only normal, recurring adjustments, that are, in our opinion, necessary to state fairly the results for the periods presented. This Quarterly Report on Form 10-Q should be read in conjunction with our audited consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the SEC on April 7, 2017 (“2016 10-K Report”). The interim results presented herein are not necessarily indicative of the results of operations that may be expected for the full fiscal year ending December 31, 2017 or any future period.

 

2. Going Concern and Management’s Liquidity Plans

 

The accompanying condensed consolidated financial statements have been prepared in conformity with GAAP, assuming we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. Accordingly, the condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.

 

We have incurred significant net losses since our inception. For the three and six months ended June 30, 2017, the Company incurred net losses of $12,500 and $166,200, respectively. At June 30, 2017, the Company had an accumulated deficit of $82,616,000 and a working capital deficit of $2,583,600. Due to our inability to date to generate meaningful revenue from our hopTo Work business and our most recent estimation that revenue from this product is unlikely in any reasonable time frame, our cash resources will not be sufficient to fund our business for the next 12 months. The Company’s ability to continue as a going concern is dependent on our ability to continue to generate revenue from our legacy GO-Global business and to raise additional capital through the issuance of new equity, debt financing, or from the sale of certain assets to meet short and long-term operating requirements.

 

If the Company raises additional funds through the issuance of equity or convertible debt securities, the percentage ownership of our current shareholders could be reduced, and such securities might have rights, preferences or privileges senior to the Company’s common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, the Company may not be able to take advantage of prospective business endeavors or opportunities, which could significantly and materially restrict our operations. We are continuing to pursue external financing alternatives to improve our working capital position. If the Company is unable to obtain the necessary capital, the Company may have to cease operations.

 

These factors raise substantial doubt about our ability to continue as a going concern.

 

In order to maintain operations, we previously implemented significant expense reductions, including a limited number of employee layoffs, and continue to implement further costs and employment reductions. During the three month period ended September 30, 2016, our then current CEO and CFO voluntarily agreed with our board of directors to defer 50% of their salary beginning September 1, 2016 until such time as the Company can reasonably pay such compensation upon approval by the board of directors (see Note 12). Such deferrals were discontinued for the CFO during the three-month period ended June 30, 2017. No payments have yet been made against this deferred compensation.

 

 7  
   

 

Although maintaining our SEC filing status is a significant expense, we are considering all options to preserve value for shareholders, including potentially suspending or terminating our filing status, however we have not made any decision to do so.

 

We have worked extensively to explore additional sources of capital including the issuance of new shares, securing debt financing, and the sale of assets including certain of our software products and patents. Although this process is ongoing and we are in active discussions with multiple parties, there is no guarantee that they will result in transactions that are sufficient to provide the Company with the required liquidity to remove the substantial doubt as to our ability to continue as a going concern. We are also in discussions with some parties about the possibility of other strategic transactions although there is no guarantee that these discussions will result in an actual transaction.

 

The accompanying condensed consolidated financial statements do not include any adjustments that may result from the outcome of the uncertainties set forth above.

 

3. Significant Accounting Policies

 

Use of Estimates

 

The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates include: the amount of stock-based compensation expense; the allowance for doubtful accounts; the estimated lives, valuation, and amortization of intangible assets (including capitalized software); depreciation of long-lived assets; valuation of warrants; post-employment benefits, and accruals for liabilities. While we believe that such estimates are fair, actual results could differ materially from those estimates.

 

Revenue Recognition

 

We market and license our products indirectly through channel distributors, independent software vendors (“ISVs”), value-added resellers (“VARs”) (collectively, “resellers”) and directly to corporate enterprises, governmental and educational institutions and others. Our product licenses are perpetual. We also separately sell intellectual property licenses, maintenance contracts, which are comprised of license updates and customer service access, as well as other products and services.

 

Software license revenues are recognized when:

 

  Persuasive evidence of an arrangement exists, (i.e., when we sign a non-cancellable license agreement wherein the customer acknowledges an unconditional obligation to pay, or upon receipt of the customer’s purchase order), and
     
  Delivery has occurred or services have been rendered and there are no uncertainties surrounding product acceptance (i.e., when title and risk of loss have been transferred to the customer, which occurs when the media containing the licensed program(s) is provided to a common carrier or, in the case of electronic delivery, when the customer is given access to the licensed program(s)), and
     
  The price to the customer is fixed or determinable, as typically evidenced in a signed non-cancellable contract, or a customer’s purchase order, and
     
  Collectability is probable. If collectability is not considered probable, revenue is recognized when the fee is collected.

 

Revenue recognized on software arrangements involving multiple deliverables is allocated to each deliverable based on vendor-specific objective evidence (“VSOE”) or third party evidence of the fair values of each deliverable; such deliverables include licenses for software products, maintenance, private labeling fees, and customer training. We limit our assessment of VSOE for each deliverable to either the price charged when the same deliverable is sold separately or the price established by management having the relevant authority to do so, for a deliverable not yet sold separately.

 

 8  
   

 

If sufficient VSOE of the fair value does not exist so as to permit the allocation of revenue to the various elements of the arrangement, all revenue from the arrangement is deferred until such evidence exists or until all elements are delivered. If VSOE of the fair value does not exist, and the only undelivered element is maintenance, then we recognize revenue on a ratable basis. If VSOE of the fair value of all undelivered elements exists but does not exist for one or more delivered elements, then revenue is recognized using the residual method. Under the residual method, the fair value of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue.

 

Certain resellers (“stocking resellers”) purchase product licenses that they hold in inventory until they are resold to the ultimate end user (an “inventory stocking order”). At the time that a stocking reseller places an inventory stocking order, no product licenses are shipped by us to the stocking reseller; rather, the stocking reseller’s inventory is credited with the number of licenses purchased and the stocking reseller can resell (issue) any number of licenses from their inventory at any time. Upon receipt of an order to issue a license(s) from a stocking reseller’s inventory (a “draw down order”), we will ship the license(s) in accordance with the draw down order’s instructions. We defer recognition of revenue from inventory stocking orders until the underlying licenses are sold and shipped to the end user, as evidenced by the receipt and fulfillment of the stocking reseller’s draw down order, assuming all other revenue recognition criteria have been met.

 

There are no rights of return granted to resellers or other purchasers of our software products.

 

Revenue from maintenance contracts is recognized ratably over the related contract period, which generally ranges from one to five years.

 

All of our software licenses are denominated in U.S. dollars.

 

Deferred Rent

 

The leases for both the Company’s subleased former offices in Campbell, California contain free rent and predetermined fixed escalations in our minimum rent payments. Rent expense related to these leases is recognized on a straight-line basis over the terms of the leases. Any difference between the straight-line rent amounts and amounts payable under the leases is recorded as part of deferred rent in current or long-term liabilities, as appropriate. The monthly rent payments due to the Company for the sublease of the office at 1919 S. Bascom Avenue fully offsets the rent payments due under the Company’s lease for that space. The monthly rent payments due to the Company for the sublease of the office at 51 East Campbell Avenue will offset approximately 62% of the monthly rent payments due to the landlord under the Company’s lease for that space. The Company has vacated this facility but has determined the accrual of the difference between the lease and sublease payments to be immaterial.

 

Incentives received upon entering into the lease agreement are recognized on a straight-line basis as a reduction to rent over the term of the lease. The unamortized portion of these incentives are recorded as a part of deferred rent in current or long-term liabilities, as appropriate.

 

Long-Lived Assets

 

Long-lived assets are assessed for possible impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable, whenever we have committed to a plan to dispose of the assets or, at a minimum, annually. Typically, for long-lived assets to be held and used, measurement of an impairment loss is based on the fair value of such assets, with fair value being determined based on appraisals, current market value, comparable sales value, and discounted future cash flows, among other variables, as appropriate. Assets to be held and used (which assets are affected by an impairment loss) are depreciated or amortized at their new carrying amount over their remaining estimated life; assets to be sold or otherwise disposed of are not subject to further depreciation or amortization. During the three month period ended June 30, 2016, we determined that an impairment of $15,500 existed with certain capitalized software development costs associated with our hopTo Work product and recognized that cost as part of cost of revenue. No such impairment charge was recorded during either of the three or six-month periods ended June 30, 2017.

 

 9  
   

 

Allowance for Doubtful Accounts

 

We maintain an allowance for doubtful accounts that reflects our best estimate of potentially uncollectible trade receivables. The allowance is based on assessments of the collectability of specific customer accounts and the general aging and size of the accounts receivable. We regularly review the adequacy of our allowance for doubtful accounts by considering such factors as historical experience, credit worthiness, and current economic conditions that may affect a customer’s ability to pay. We specifically reserve for those accounts deemed uncollectible. We also establish, and adjust, a general allowance for doubtful accounts based on our review of the aging and size of our accounts receivable.

 

The following table sets forth the details of the Allowance for Doubtful Accounts for the three-month periods ended June 30, 2017 and 2016:

 

   Beginning
Balance
   Charge Offs   Recoveries   Provision   Ending Balance 
2017  $5,000   $   $   $10,300   $15,300 
2016   14,800            100    14,900 

 

The following table sets forth the details of the Allowance for Doubtful Accounts for the six-month periods ended June 30, 2017 and 2016:

 

   Beginning Balance   Charge Offs   Recoveries   Provision   Ending Balance 
2017  $7,700   $   $   $7,600   $15,300 
2016   17,300            (2,400)   14,900 

 

Concentration of Credit Risk

 

For the three and six-month periods ended June 30, 2017 and 2016, respectively, we considered the customers listed in the following tables to be our most significant customers. The tables set forth the percentage of sales attributable to each customer during the periods presented, and the respective customer’s ending accounts receivable balance as a percentage of reported accounts receivable, net, as of June 30, 2017 and 2016.

 

   Three Months
Ended
 June 30, 2017
   As of
June 30, 2017
   Three Months Ended  
June 30, 2016  
 
Customer  Sales   Accounts Receivable   Sales   Accounts Receivable 
Alcatel-Lucent   9.1%   16.2%   5.3%   0.7%
Centric   4.9%   5.4%   7.3%   16.2%
Condulent   9.2%   2.9%   6.4%   0.1%
Elosoft   17.3%   12.8%   8.1%   5.4%
Total   40.5%   54.5%   27.1%   22.4%

 

   Six Months Ended
June 30, 2017
   As of June 30, 2017   Six Months Ended
 June 30, 2016  
 
Customer  Sales   Accounts Receivable   Sales   Accounts Receivable 
Alcatel-Lucent   5.5%   20.0%   5.7%   0.7%
Centric   4.9%   10.1%   6.8%   16.2%
Condulent   5.1%   20.2%   4.1%   0.1%
Elosoft   13.8%   4.2%   8.1%   5.4%
Total   29.3%   54.5%   24.7%   22.4%

 

 10  
   

 

Fair Value of Financial Instruments

 

The fair value of our accounts receivable, accounts payable and accrued liabilities approximate their carrying amounts due to the relative short maturities of these items.

 

The fair value of warrants at issuance and for those recorded as a liability at each reporting date are determined in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurement,” which establishes a fair value hierarchy that prioritizes the assumptions (inputs) to valuation techniques used to price assets or liabilities that are measured at fair value. The hierarchy, as defined below, gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The guidance for fair value measurements requires that assets, liabilities and certain equity instruments measured at fair value be classified and disclosed in one of the following categories:

 

Level 1: Defined as observable inputs, such as quoted (unadjusted) prices in active markets for identical assets or liabilities.
   
Level 2: Defined as observable inputs other than quoted prices included in Level 1. This includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
   
Level 3: Defined as unobservable inputs to the valuation methodology that are supported by little or no market activity and that are significant to the measurement of the fair value of the assets or liabilities. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, as well as significant management judgment or estimation.

 

Recent Accounting Pronouncements

 

In May 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-09 “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). Subsequently FASB has released several updates to ASU 2014-09 including ASU 2016-20, ASU 2016-12, ASU-2016-10, ASU-2016-08, and ASU-2015-14. The effective date for ASU 2014-09 will be the first quarter of fiscal year 2018 with early adoption permitted in the first quarter of fiscal year 2017. During the three-month period ended June 30, 2017, the Company completed a detailed review of the Topic 606 standard relative to our revenue recognition policies and practice. From this review we have developed a plan for extensive further review which we intend to complete by September 30, 2017. However, at this time we believe that adoption of this standard will not have a material effect on either our historical financial results or future financial results.

 

4. Property and Equipment

 

Property and equipment was:

 

   June 30, 2017   December 31,2016 
Equipment  $184,600   $258,700 
Furniture   3,600    190,600 
Leasehold improvements   167,600    167,600 
    355,800    616,900 
Less: accumulated depreciation and amortization   307,100    473,600 
   $48,700   $143,300 

 

 11  
   

 

Aggregate property and equipment depreciation and amortization expense was $15,100 during the three-month period ended June 30, 2017, and $33,200 during the six-month period ended June 30, 2017. During the six month period ended June 30, 2017, we disposed equipment and furniture with a combined net book value of $61,300.

 

5. Stock-Based Compensation

 

The following table summarizes the stock-based compensation expense, for the three and six-month periods ended June 30, 2017 and 2016, respectively, by classification:

 

   Three Months Ended June 30,   Six Months Ended June 30, 
Statement of Operations Classification  2017   2016   2017   2016 
Costs of revenue  $-   $100   $-   $3,200 
Selling and marketing expense   100    50,300    200    64,400 
General and administrative expense   3,100    41,900    18,100    95,000 
Research and development expense   100    51,200    200    67,100 
   $3,300   $143,500   $18,500   $229,700 

 

6. Revenue

 

Revenue for the three-month periods ended June 30, 2017 and 2016 was:

 

       2017 Over (Under) 2016 
Revenue   2017    2016    Dollars    Percent 
Software Licenses                    
Windows  $296,500   $261,600   $34,900    13.3%
UNIX/Linux   44,100    60,800    (16,700)   -27.5%
    340,600    322,400    18,200    5.6%
Software Service Fees                    
Windows   434,900    470,500    (35,600)   -7.6%
UNIX/Linux   135,000    155,000    (20,000)   -12.9%
    569,900    625,500    (55,600)   -8.9%
Other   14,300    10,700    3,600    33.6%
Total Revenue  $924,800   $958,600   $(33,800)   -3.5%

 

Revenue for the six-month periods ended June 30, 2017 and 2016 was:

 

          2017 Over (Under) 2016  
Revenue   2017     2016     Dollars     Percent  
Software Licenses                                
Windows   $ 579,500     $ 551,700     $ 27,800       5.0 %
UNIX/Linux     152,100       145,200       6,900       4.8 %
      731,600       696,900       34,700     5.0 %
Software Service Fees                                
Windows     879,100       922,500       (43,400 )     -4.7 %
UNIX/Linux     271,800       324,300       (52,500 )     -16.2 %
      1,150,900       1,246,800       (95,900 )     -7.7 %
Other     24,800       22,200       2,600       11.7 %
Total Revenue   $ 1,907,300     $ 1,965,900     $ (58,600 )     -3.0 %

 

 12  
   

 

7. Costs of Revenue

 

Costs of revenue for the three-month periods ended June 30, 2017 and 2016 were:

 

          2017 Over (Under) 2016  
    2017     2016     Dollars     Percent  
Software service costs   $ 15,500     $ 36,600     $ (21,100 )     -57.7 %
Software product costs     2,800       30,800       (28,000 )     -90.9 %
    $ 18,300     $ 67,400     $ (49,100 )     -72.8 %

 

Costs of revenue for the six-month periods ended June 30, 2017 and 2016 were:

 

          2017 Over (Under) 2016  
    2017     2016     Dollars     Percent  
Software service costs   $ 31,000     $ 76,000     $ (45,000 )     -59.2 %
Software product costs     6,100       45,200       (39,100 )     -86.5 %
    $ 37,100     $ 121,200     $ (84,100 )     -69.4 %

 

8. Commitments and Contingencies

 

On February 1, 2014, we had previously relocated our corporate offices to a larger suite within our landlord’s office complex in Campbell, California. We are currently leasing 10,659 square feet under a five-year lease that, unless renewed, will expire in October 2018.

 

On August 11, 2015 we entered into a sublease agreement to sublease the entirety of the South Bascom office space to a third party. The term of the sublease extends from November 1, 2015 through the end of our office lease term for that space in October, 2018. The monthly rent payments due to hopTo under this sublease fully offset the monthly rent payments due to the landlord under hopTo’s lease for that space.

 

On August 24, 2015, we entered into a new office lease for our corporate headquarters in Campbell, California which became effective on October 1, 2015, is better suited to our California operations and results in significant monthly savings. The term of this lease is from October 1, 2015 through September 30, 2018.

 

On April 28, 2017, we entered into a sublease agreement to sublease the entirety of the leased space at 51 East Campbell Avenue to a third party. The term of the sublease began on June 1, 2017 and extends through the end of our office lease term for that space. The monthly rent payments due to hopTo will offset approximately 62% of the monthly rent payments due to the landlord under hopTo’s lease for that space. During the three-month period ended June 30, 2017, we relocated our headquarters to our Concord, New Hampshire, offices where the GO-Global team operates under a longstanding lease agreement.

 

The following table sets forth the minimum lease payments we will be required to make throughout the remainder of the lease:

 

   Lease
Payments
   Sublease Receipts   Total 
Remainder of 2017  $297,200   $(275,800)  $21,400 
2018   475,400    (461,500)   14,000 
   $772,600   $737,300)  $35,400 

 

9. Supplemental Disclosure of Cash Flow Information

 

We disbursed $300 and $600 for the payment of interest expense during the six-month periods ended June 30, 2017 and 2016, respectively.

 

 13  
   

 

We disbursed $1,300 and $800 for the payment of income taxes during the six-month periods ended June 30, 2017 and 2016, respectively. Such disbursement was made for the payment of foreign income taxes related to the operation of our Israeli subsidiary, GraphOn Research Labs, Ltd.

 

10. Earnings (Loss) Per Share

 

Earnings or loss per share is calculated by dividing the net income or loss for the period by the weighted average number of shares of common stock outstanding during the period. Diluted earnings or loss per share (“Diluted EPS”) is calculated by dividing the net income or loss for the period by the total of the weighted average number of shares of common stock outstanding during the period plus the effects of any dilutive securities. Diluted EPS considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of such potential shares of common stock would have an anti-dilutive effect. During all periods presented in our Condensed Consolidated Statements of Operations, potentially dilutive securities included shares of common stock potentially issuable upon exercise of stock options, release of unvested restricted stock awards and exercise of warrants. Diluted EPS excludes the impact of potential issuance of shares of common stock related to our stock options in periods in which the exercise price of the stock option is greater than the average market price of our common stock during such periods.

 

For the three-month periods ended June 30, 2017 and 2016, 1,375,509 and 2,214,709 shares of common stock equivalents, respectively, were excluded from the computation of dilutive loss per share since their effect would be anti-dilutive.

  

For the six-month periods ended June 30, 2017 and 2016, 1,375,509 and 2,214,709 shares of common stock equivalents, respectively, were excluded from the computation of dilutive loss per share since their effect would be anti-dilutive.

 

11. Segment Information

 

Revenue by country for the three-month and six-month periods ended June 30, 2017 and 2016 was as follows:

 

  Three Months Ended June 30,     Six Months Ended June 30,
  2017     2016     2017     2016
United States $ 275,100     $ 365,600     $ 624,900     $ 787,200
Brazil   234,000       155,300       362,400       295,200
Other countries   415,700       437,700       920,000       883,500
  $ 924,800     $ 958,600     $ 1,907,300     $ 1,965,900

 

12. Subsequent Events

 

Eldad Eilam, President, CEO, and Director of the Company resigned as President and CEO effective July 28, 2017. Mr. Eilam will continue to serve on the board of directors of the Company. On June 30, 2017, the board appointed Jean-Louis Casabonne, the CFO and Secretary of the Company, to serve as the Company’s interim CEO, in addition to his current duties, effective as of the date of Mr. Eilam’s resignation. On August 4, 2017, Jean-Louis Casabonne agreed with the Company to remain in his current office, based on a significantly reduced time commitment, on a month to month basis, at his current compensation rate under his existing employment agreement, but pro-rated for the reduction in his time commitment to the Company. The board is currently in the process of conducting a search for a new CEO and a new CFO.

 

On August 2, 2017, Sam M. Auriemma, Ashfaq Munshi, and Jeremy Verba, each a director of the Company, resigned from the board of directors of the Company effective immediately. The resignations were not because of a disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Company’s operations, policies or practices. The Company’s reduced operations do not, in the Company’s judgment, require a six member board of directors. The remaining directors on the Company’s board are John Cronin, Michael Brochu and Eldad Eilam. On August 4, 2017, the board elected Mr. Cronin to be the Chairman of the board effective immediately.

 

 14  
   

 

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Update on hopTo Plans

 

As of Q4 2016, we have effectively ceased all of our sales, marketing and development efforts for the hopTo products, and at this time we do not expect any meaningful revenues from these products in the foreseeable future.

 

We continue to own all hopTo-related intellectual property including source-code, related patents, and the relevant trademarks. We continue to believe that we may be able to extract value from these assets and are currently working to do so at this time. For detailed information on the hopTo products and technologies, please refer to our Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the SEC on April 7, 2017 as well as our other SEC filings which are available at www.sec.gov.

 

Although there is no certainty as to timing or success of these efforts to extract value from these assets, and stockholders should not place any significant reliance on the outcome of such efforts unless and until definitive agreements are reached, this may include the sale of certain of our hopTo software products, the sale of patents, and the monetization of the GO-Global business or some combinations of these transactions. (See Note 2 to our Notes to Unaudited Consolidated Financial Statements).

 

The following description of our business and business opportunities is expressly qualified by the preceding statement and the going concern disclosure in Note 2 to our Unaudited Condensed Consolidated Financial Statements.

 

Introduction

 

We are developers of application publishing software which includes application virtualization software and cloud computing software for multiple computer operating systems including Windows, UNIX and several Linux-based variants. Our application publishing software solutions are sold under the brand name GO-Global, which is our sole revenue source at this time. GO-Global is an application access solution for use and/or resale by independent software vendors (“ISVs”), corporate enterprises, governmental and educational institutions, and others who wish to take advantage of cross-platform remote access and Web-enabled access to their existing software applications, as well as those who are deploying secure, private cloud environments.

 

Since 2012 we have also been developing several products in the field of software productivity for mobile devices such as tablets and smartphones, which have been marketed under the hopTo brand.

 

The hopTo products were originally marketed to consumers and were later also marketed to small and medium sized businesses and enterprise level customers under the name hopTo Work. hopTo Work allows customers to instantly transform their legacy applications to become touch friendly on modern mobile devices. During 2015 and 2016 we also worked to integrate hopTo Work with certain software products offered by Citrix Systems.

 

Over the years, we have also made significant investments in intellectual property (“IP”). We have filed many patents designed to protect the new technologies embedded in hopTo.

 

Corporate Background

 

We are a Delaware corporation, founded in May 1996. Our headquarters are located at 6 Loudon Road, Suite 200, Concord, New Hampshire, 03301, our toll-free phone number is 1-800-472-7466, and our phone number for local and international calls is 408-688-2674. We have remote employees located in various states, as well as internationally in the United Kingdom and Israel. Our corporate Internet Website is http://www.hopto.com. The information on our website is not part of this quarterly report.

 

 15  
   

 

Our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and any amendments to such reports filed with or furnished to the SEC under sections 13(a) or 15(d) of the Securities Exchange Act of 1934 are made available free of charge on our corporate Internet Website at www.hopto.com (click on “Financial Reporting”) as soon as reasonably practicable after such reports are electronically filed with or furnished to the SEC.

 

Our Intellectual Property

 

We believe that IP is a business tool that potentially maximizes our competitive advantages and product differentiation, grows revenue opportunities, encourages collaboration with key business partners, and protects our long-term growth opportunities. Strategic IP development is therefore a critical component of our overall business strategy. It is a business function that consistently interacts with our research and development, product development, and marketing initiatives to generate further value from those operations.

 

We rely primarily on patents, trade secret protection, copyright law, confidentiality, and proprietary information agreements to protect our proprietary technology and registered trademarks. Despite our precautions, it may be possible for unauthorized third parties to copy portions of our products, or to obtain information we regard as proprietary. The loss of any material trade secret, trademark, trade name or copyright could have a material adverse effect on our results of operations and financial condition. We intend to defend our proprietary technology rights; however, we cannot give any assurance that our efforts to protect our proprietary technology rights will be successful.

 

We also currently hold rights to patents but are not currently pursuing additional patent applications.

 

We do not believe our products infringe on the rights of any third parties, but we can give no assurance that third parties will not assert infringement claims against us in the future, or that any such assertion will not result in costly litigation or require us to obtain a license to proprietary technology rights of such parties.

 

ipCapital Group, Inc.

 

On October 11, 2011, we engaged ipCapital Group, Inc., (“ipCapital”) an affiliate of John Cronin, who is one of our directors, to assist us in the execution of our strategic decision to significantly strengthen, grow and commercially exploit our intellectual property assets. Our engagement agreement with ipCapital, which has been amended three times, affords us the right to request ipCapital to perform a number of diverse services, employing its proprietary processes and methodologies, to facilitate our ability to identify and extract from our current intellectual property base new inventions, potential patent applications, and marketing and licensing opportunities.

 

As a result of ipCapital’s work under the engagement agreement, as amended, as of August 14, 2017, 173 new patent applications have been filed. Of these 173 applications, 53 patents have been granted by the United States Patent and Trademark Office (“USPTO”). Due to financial constraints on our operations, we have suspended patent prosecution activity other than to pay issuance fees for patents already approved by USPTO. As of August 14, 2017 there is 1 patent application that remain pending with the USPTO. We do not expect to file more applications in 2017.

 

 16  
   

 

Our GO-Global Software Products

 

Our GO-Global product offerings, which currently are our only revenue source, can be categorized into product families as follows:

 

  GO-Global for Windows: Allows access to Windows-based applications from remote locations and a variety of connections, including the Internet and dial-up connections. The Windows applications run on a central computer server along with GO-Global Windows Host software. This allows the applications to be accessed remotely via GO-Global Client software, or a Web browser, over many types of data connections, regardless of the bandwidth or operating system. Web-enabling is achieved without modifying the underlying application’s code or requiring costly add-ons.
     
  GO-Global for UNIX: Allows access to UNIX and Linux-based applications from remote locations and a variety of connections, including the Internet and dial-up connections. The UNIX/Linux applications run on a central computer server along with the GO-Global for UNIX Host software. This allows the applications to be accessed and run remotely via GO-Global Client software or a Web browser without having to modify the application’s code or requiring costly add-ons.
     
  GO-Global Client: We offer a range of GO-Global Client software that allows remote application access from a wide variety of local, remote and mobile platforms, including Windows, Linux, UNIX, Apple OS X and iOS, and Google Android. We plan to continue to develop GO-Global Client software for new portable and mobile devices.

 

We intend to continue to operate Go-Global, as it remains a viable stand-alone business.

 

Critical Accounting Policies

 

We believe that several accounting policies are important to understanding our historical and future performance. We refer to these policies as “critical” because these specific areas require us to make judgments and estimates about matters that are uncertain at the time we make the estimates. Actual results may differ from these estimates. For a summary of our critical accounting policies, please refer to our 2016 10-K Report and Note 3 to our Notes to Unaudited Condensed Consolidated Financial Statements.

 

 17  
   

 

Results of Operations for the Three and Six-Month Periods Ended June 30, 2017 and 2016

 

The following operating results should be read in conjunction with our critical accounting policies. See Note 2 and Note 3 to our Notes to Unaudited Condensed Consolidated Financial Statements.

 

Revenue

 

Revenue for the three-month periods ended June 30, 2017 and 2016 was:

 

          2017 Over (Under) 2016  
Revenue   2017     2016     Dollars     Percent  
Software Licenses                                
Windows   $ 296,500     $ 261,600     $ 34,900       13.3 %
UNIX/Linux     44,100       60,800       (16,700 )     -27.5 %
      340,600       322,400       18,200       5.6 %
Software Service Fees                                
Windows     434,900       470,500       (35,600 )     -7.6 %
UNIX/Linux     135,000       155,000       (20,000 )     -12.9 %
      569,900       625,500       (55,600 )     -8.9 %
Other     14,300       10,700       3,600       33.6 %
Total Revenue   $ 924,800     $ 958,600     $ (33,800 )     -3.5 %

 

Revenue for the six-month periods ended June 30, 2017 and 2016 was:

 

          2017 Over (Under) 2016  
Revenue   2017     2016     Dollars     Percent  
Software Licenses                                
Windows   $ 579,500     $ 551,700     $ 27,800       5.0 %
UNIX/Linux     152,100       145,200       6,900       4.8 %
      731,600       696,900       34,700       5.0 %
Software Service Fees                                
Windows     879,100       922,500       (43,400 )     -4.7 %
UNIX/Linux     271,800       324,300       (52,500 )     -16.2 %
      1,150,900       1,246,800       (95,900 )     -7.7 %
Other     24,800       22,200       2,600       11.7 %
Total Revenue   $ 1,907,300     $ 1,965,900     $ (58,600 )     -3.0 %

 

Our software revenue is entirely related to our GO-Global product line, and historically has been primarily derived from product licensing fees and service fees from maintenance contracts. The majority of this revenue has been earned, and continues to be earned, from a limited number of significant customers, most of whom are resellers. Many of our resellers (each a “stocking reseller”) purchase software licenses that they hold in inventory until they are resold to the ultimate end user. We defer recognition of revenue from these sales (on our Condensed Consolidated Balance Sheet under the caption “Deferred Revenue”) until the stocking reseller sells the underlying software licenses to the ultimate end user. Consequently, if any of our significant stocking resellers materially change the rate at which they resell our software licenses to the ultimate end user, our software licenses revenue could be materially impacted.

 

When a software license is sold directly to an end user by us, or by one of our resellers who does not stock licenses into inventory, revenue is recognized immediately upon shipment, assuming all other criteria for revenue recognition are met. Consequently, if any significant end user customer substantially changes its order level, or fails to order during the reporting period, whether the order is placed directly with us or through one of our non-stocking resellers, our software licenses revenue could be materially impacted.

 

 18  
   

 

Almost all stocking resellers maintain inventories of our Windows products; few stocking resellers maintain inventories of our UNIX products.

 

Software Licenses

 

Software license revenue from Windows products increased in both three-month periods and six-month periods ended June 30, 2017, as compared with the same periods of the prior year, primarily due to higher license purchases from certain of our OEM partners during the three and six month period June 30, 2017.

 

Software licenses revenue from our UNIX/Linux products decreased during three month and slightly increased during six-month periods ended June 30, 2017, as compared with the same periods of the prior year, primarily due to timing differences in revenue from certain of our U.S. government customers.

 

We expect aggregate GO-Global software license revenue in 2017 to be modestly lower than 2016 levels due to lower aggregate revenue from our stocking resellers and our European telecommunications customers.

 

Software Service Fees

 

The decrease in software service fees revenue attributable to our Windows products during the three-month and six-month period ended June 30, 2017, as compared to the same period of the prior year, was primarily due to the timing of customer renewals of maintenance contacts.

 

The decrease in service fees revenue attributable to our UNIX products for the three-month and six-month period ended June 30, 2017, as compared with the same period of the prior year, was primarily the result of the low level of our UNIX product sales throughout the current and prior year and a resultant decrease in maintenance contract renewals. The majority of this decrease was attributable to our European telecommunications customers.

 

We expect that software service fees for 2017 will be modestly lower than those for 2016.

 

Other

 

The increase in other revenue during the three-month and six-month periods ended June 30, 2017, as compared to the same period in the prior year was primarily due to higher sales of private labeling fees.

 

Costs of Revenue

 

Costs of revenue are comprised primarily of software service costs, which represent the costs of customer service, and software product costs, which are primarily comprised of the amortization of capitalized software development costs, and costs associated with licenses for third party software included in our product offerings. We incur no shipping or packaging costs as all of our deliveries are made via electronic means over the Internet.

 

Under GAAP, development costs for new product development, after technological feasibility is established, are recorded as “capitalized software” on our Condensed Consolidated Balance Sheet. Such capitalized costs are subsequently amortized as cost of revenue (software product costs) over the shorter of three years or the remaining estimated life of the product. During the three-month and six-month periods ended June 30, 2017 and 2016, we did not capitalize any software development costs. Amortization of capitalized software development costs was $0 and $2,600 during the three-month periods ended June 30, 2017 and 2016, respectively, and $0 and $5,100 during the six-month periods ended June 30, 2017 and 2016, respectively. In addition, during the three-month period ended June 30, 2016, we determined that an impairment existed for certain capitalized development cost of $15,500 associated with the hopTo Work product. No such impairment charge was recorded during either of the three or six-month periods ended June 30, 2017.

 

 19  
   

 

Costs of revenue were 2.0% and 7.0% of total revenue for the three-month periods ended June 30, 2017 and 2016, respectively, and 1.9% and 6.2% of total revenue for the six-month periods ended June 30, 2017 and 2016, respectively.

 

Costs of revenue for the three-month periods ended June 30, 2017 and 2016 were:

 

          2017 Over (Under) 2016  
    2017     2016     Dollars     Percent  
Software service costs   $ 15,500     $ 36,600     $ (21,100 )     -57.7 %
Software product costs     2,800       30,800       (28,000 )     -90.9 %
    $ 18,300     $ 67,400     $ (49,100 )     -72.8 %

 

Costs of revenue for the six-month periods ended June 30, 2017 and 2016 were:

 

          2017 Over (Under) 2016  
    2017     2016     Dollars     Percent  
Software service costs   $ 31,000     $ 76,000     $ (45,000 )     -59.2 %
Software product costs     6,100       45,200       (39,100 )     -86.5 %
    $ 37,100     $ 121,200     $ (84,100 )     -69.4 %

 

The decrease in software service costs for the three and six-month periods ended June 30, 2017, as compared with the same periods of the prior year, was primarily due to less time being required for customer service issues. We expect software service costs for 2017 to be lower than those for 2016.

 

The decreases in software product costs for the three-month and six-month periods ended June 30, 2017, as compared with the same periods of the prior year, was almost entirely due to decreased amortization of capitalized software development cost in GO-Global.

 

We expect that software costs of revenue for 2017 will be lower than 2016.

 

Selling and Marketing Expenses

 

Selling and marketing expenses primarily consist of employee costs, outside services, advertising, public relations and travel and entertainment expense.

 

Selling and marketing expenses for the three-month period ended June 30, 2017 decreased by $171,500, or 67.6%, to $82,100, from $253,600 for the same period of 2016, and represented approximately 8.9% and 26.5% of revenue during these periods, respectively. Selling and marketing expenses for the six-month period ended June 30, 2017 decreased by $398,700, or 69.9%, to $172,000, from $570,700 for the same period of 2016, and represented approximately 9.0% and 29.0% of revenue during these periods, respectively.

 

The decrease in selling and marketing expenses was due to a combination of lower headcount and promotional costs associated with hopTo Work as we have suspended all sales and marketing activity for that product.

 

We expect to maintain our sales and marketing efforts in 2017 for anticipated GO-Global releases at a level consistent with the second half of 2016; accordingly, we expect 2017 sales and marketing expenses to be lower than 2016 levels.

 

 20  
   

 

General and Administrative Expenses

 

General and administrative expenses primarily consist of employee costs, depreciation and amortization, legal, accounting, other professional services (including those related to our patents), rent, travel and entertainment and insurance. Certain costs associated with being a publicly held corporation are also included in general and administrative expenses, as well as bad debts expense.

 

General and administrative expenses decreased by 193,800, or 31.5%, to $421,100 for the three-month period ended June 30, 2017, from $614,900 for the same period of 2016, and represented approximately 45.5% and 64.1% of revenue during these periods, respectively. General and administrative expenses decreased by $230,800, or 17.8%, to $1,062,200 for the six-month period ended June 30, 2017, from $1,293,000 for the same period of 2016, and represented approximately 55.7% and 65.8% of revenue during these periods, respectively.

 

The decrease in general and administrative expense was primarily due to a combination of decreased headcount, lower legal expenses associated with activity related to our patents and other lower costs associated with investor relations.

 

In 2017, we intend to continue these cost controls. We therefore expect that our 2017 general and administrative costs will be slightly lower than those for 2016.

 

Research and Development Expenses

 

Research and development expenses consist primarily of employee costs, payments to contract programmers, travel and entertainment for all our engineers, and all rent for our leased engineering facilities.

 

Research and development expenses decreased by $128,500 or 26.6%, to $355,100 for the three-month period ended June 30, 2017, from $483,600 for the same period of 2016, and represented approximately 38.4% and 50.4% of revenue for these periods, respectively. Research and development expenses decreased by $629,300, or 46.0%, to $740,100, for the six-month period ended June 30, 2017, from $1,369,400 for the same period of 2016, and represented approximately 38.8% and 69.7% of revenue for these periods, respectively.

 

The decrease in research and development expense is primarily due to lower employee costs associated with lower headcount, lower payments to contract programmers resulting from the suspension of our development efforts on the hopTo Work product.

 

In 2017, we expect to maintain a level of research and development resource consistent with the levels of the second half of 2016. We therefore expect 2017 research and development expenses to be lower than 2016 levels.

 

Change in Fair Value of Warrants Liability

 

During the three and six-month periods ended June 30, 2017, we reported no income or expense due to the change in fair value of our warrants liability as the applicable warrants expired during September and October of 2016. During the same periods of the prior year, we reported non-cash income and loss of $22,000 and $(25,100), respectively. Such changes resulted from our liability warrants which expired in the fourth quarter of 2016.

 

Net Loss

 

Based on the foregoing, we reported a net loss of $12,500 and $437,600 for the three-month period ended June 30, 2017 and 2016, respectively. Additionally, we reported net losses of $166,200 and $1,412,500 for the six-month periods ended June 30, 2017 and 2016, respectively.

 

Liquidity and Capital Resources

 

Our reported net loss for the six-month period ended June 30, 2017 of $166,200 included two non-cash items: depreciation and amortization of $33,200, which was primarily comprised of depreciation of fixed assets and stock-based compensation expense of $18,500.

 

We disposed some capitalized equipment at a loss with net book value of $61,300. We sold some non-capitalized equipment for $900.

 

 21  
   

 

See the Update on hopTo Plans at the beginning of this section for a discussion of our plans.

 

We have incurred significant net losses since our inception. For the three and six-months ended June 30, 2017, the Company incurred net losses of $12,600 and $166,300, respectively. At June 30, 2017, the Company had an accumulated deficit of $82,616,100 and a working capital deficit of $2,583,700. Due to our inability to date to generate meaningful revenue from our hopTo Work business and our continued estimation that revenue from this product is unlikely in any reasonable time frame, we have suspended all development and sales activity associated with the hopTo products. The Company’s ability to continue as a going concern is dependent on our ability to continue to generate revenue from our legacy GO-Global business, which continued to operate profitably throughout 2016 and in the three and six-month period ended June 30, 2017, and to raise additional capital through the issuance of new equity, debt financing, or from the sale of certain assets to meet short and long-term operating requirements.

 

If the Company raises additional funds through the issuance of equity or convertible debt securities, the percentage ownership of our current shareholders could be reduced, and such securities might have rights, preferences or privileges senior to the Company’s common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, the Company may not be able to take advantage of prospective business endeavors or opportunities, which could significantly and materially restrict our operations. We are continuing to pursue external financing alternatives to improve our working capital position. If the Company is unable to obtain the necessary capital, the Company may have to cease operations.

 

These factors raise substantial doubt about our ability to continue as a going concern. (See Note 2 to our Notes to Unaudited Consolidated Financial Statements).

 

In order to maintain operations, we previously implemented significant expense reductions, including a limited number of employee layoffs primarily related to the hopTo product. During the three month period ended September 30, 2016, our then current CEO and CFO voluntarily agreed with our board of directors to defer 50% of their salary beginning September 1, 2016 until such time as the Company can reasonably pay such compensation upon approval by the board of directors (See Note 12). Such deferrals were discontinued for our CFO during the three-month period ended June 30, 2017. No payments have yet been made against this deferred compensation.

 

Although maintaining our SEC filing status is a significant expense, we are considering all options to preserve value for shareholders, including potentially suspending or terminating our filing status, however we have not made any decision to do so.

 

We have worked extensively to explore additional sources of capital including the issuance of new shares, securing debt financing, and the sale of assets including certain of our software products and patents. Although this process is ongoing and we are in active discussions with multiple parties, there is no guarantee that they will result in transactions that are sufficient to provide the Company with the required liquidity to remove the substantial doubt as to our ability to continue as a going concern. We are also in discussions with some parties about the possibility of other strategic transactions although there is no guarantee that these discussions will result in an actual transaction.

 

Cash

 

As of June 30, 2017, our cash balance was $554,800, as compared with $546,200 as of December 31, 2016, an increase of $8,600, or 1.6%. The increase primarily resulted from our continued cash management efforts.

 

Accounts Receivable, net

 

At June 30, 2017 and December 31, 2016, we reported accounts receivable, net, of $447,000 and $355,300, respectively. Such amounts were reported net of the allowance for doubtful accounts, which allowances totaled $15,300 and $7,700 at June 30, 2017 and December 31, 2016, respectively. The increase in accounts receivable, net, was mainly due to higher sales during the three and six-month period ended June 30, 2017, as compared same periods ended December 31, 2016. We collect the significant majority of our quarter-end accounts receivable during the subsequent quarter; accordingly, increases or decreases in accounts receivable from one period to the next tends to be indicative of the trend in our sales from one period to the next. From time to time, we could have individually significant accounts receivable balances due us from one or more of our significant customers. If the financial condition of any of these significant customers should deteriorate, our operating results could be materially affected.

 

 22  
   

 

Working Capital

 

As of June 30, 2017, we had current assets of $1,039,000 and current liabilities of $3,622,800, which netted to working capital deficit of $2,583,600. Included in current liabilities was the current portion of deferred revenue of $1,817,000.

 

ITEM 3. Quantitative and Qualitative Disclosures About Market Risk

 

Not applicable.

 

ITEM 4. Controls and Procedures

 

Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934) as of the end of the period covered by this report. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of June 30, 2017.

 

There has not been any change in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) during the quarter ended June 30, 2017 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. As disclosed in a Form 8-K filed with the SEC on August 7, 2017, Mr. Casabonne has agreed to remain as interim CEO and CFO on a part-time month-to-month basis. Should Mr. Casabonne decide to resign these positions the board would need to replace him for these roles.

 

 23  
   

 

PART II. OTHER INFORMATION

 

ITEM 1. Legal Proceedings

 

Not Applicable.

 

ITEM 1A. Risk Factors

 

There have been no material changes in our risk factors from those set forth under Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the Securities and Exchange Commission on April 7, 2017.

 

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

We did not sell any unregistered securities during the quarter ended June 30, 2017.

 

ITEM 3. Defaults Upon Senior Securities

 

Not applicable.

 

ITEM 4. Mine Safety Disclosures

 

Not applicable.

 

ITEM 5. Other Information

 

As described in Note 8 of the Notes to Unaudited Condensed Consolidated Financial Statements, on April 28, 2017, we entered into a sublease agreement to sublease the entirety of the leased space at 51 East Campbell Avenue to a third party. The term of the sublease begins on June 1, 2017 and extends through the end of our office lease term for that space. The monthly rent payments due to hopTo will offset approximately 62% of the monthly rent payments due to the landlord under hopTo’s lease for that space.

 

ITEM 6. Exhibits

 

Exhibit Number   Exhibit Description
     
10.1   Sublease Agreement dated April 28, 2017 between the Company and Carjojo Corp. (incorporated herein by reference to Exhibit 10.32 to our Post-Effective Amendment No. 1 on Form S-1 filed with the SEC on May 11, 2017 (File Number 333-193666) 
     
31   Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
     
32   Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 *
     
101*   The following financial information from hopTo Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017, formatted in eXtensible Business Reporting Language (XBRL): (i) Condensed Consolidated Balance Sheets as of June 30, 2017 (unaudited) and December 31, 2016, (ii) Unaudited Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2017 and 2016, (iii) Unaudited Condensed Consolidated Statements of Stockholders’ Equity for the Six Months Ended June 30, 2017 and 2016 (iv) Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2017 and 2016, (v) Notes to Unaudited Condensed Consolidated Financial Statements.

 

* Furnished, not filed

 

 24  
   

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  hopTo Inc.  
  (Registrant)  
       
    Date: August 14, 2017
       
    By: /s/ Jean-Louis Casabonne
      Jean-Louis Casabonne
     

Interim Chief Executive Officer

(Principal Executive Officer)

      Chief Financial Officer
      (Principal Financial Officer and
      Principal Accounting Officer)

 

 25  
   

 

EX-31 2 ex31.htm

 

Exhibit 31

 

Certification Pursuant to Rule 13a-14 or 15d-14(a) of the Securities Exchange Act of 1934, as Amended, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

I, Jean-Louis Casabonne, certify that:

 

  1. I have reviewed this quarterly report on Form 10-Q of hopTo Inc. (“registrant”);
     
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
     
  3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
     
  4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  (d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

  5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or person performing the equivalent functions):

 

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: August 14, 2017  
  /s/ Jean-Louis Casabonne
  Jean-Louis Casabonne
  Interim Chief Executive Officer and Chief Financial Officer

 

 

 

EX-32 3 ex32.htm

 

Exhibit 32

 

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of hopTo Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2017 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jean-Louis Casabonne, Interim Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

  /s/ Jean-Louis Casabonne
  Jean-Louis Casabonne
 

Interim Chief Executive Officer and

Chief Financial Officer

  August 14, 2017

 

 

 

 

 

GRAPHIC 4 image_001.jpg begin 644 image_001.jpg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end EX-101.INS 5 htpo-20170630.xml XBRL INSTANCE FILE 0001021435 2017-01-01 2017-06-30 0001021435 2017-06-30 0001021435 2016-12-31 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:AlcatelLucentMember 2016-01-01 2016-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:AlcatelLucentMember 2016-01-01 2016-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:AlcatelLucentMember 2017-01-01 2017-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:AlcatelLucentMember 2017-01-01 2017-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:ElosoftMember 2016-01-01 2016-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:ElosoftMember 2016-01-01 2016-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2016-01-01 2016-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2016-01-01 2016-06-30 0001021435 us-gaap:EquipmentMember 2017-06-30 0001021435 us-gaap:FurnitureAndFixturesMember 2017-06-30 0001021435 us-gaap:LeaseholdImprovementsMember 2017-06-30 0001021435 us-gaap:EquipmentMember 2016-12-31 0001021435 us-gaap:FurnitureAndFixturesMember 2016-12-31 0001021435 us-gaap:LeaseholdImprovementsMember 2016-12-31 0001021435 HTPO:CostsOfRevenueMember 2016-01-01 2016-06-30 0001021435 us-gaap:SellingAndMarketingExpenseMember 2016-01-01 2016-06-30 0001021435 us-gaap:GeneralAndAdministrativeExpenseMember 2016-01-01 2016-06-30 0001021435 us-gaap:ResearchAndDevelopmentExpenseMember 2016-01-01 2016-06-30 0001021435 us-gaap:CommonStockMember 2015-12-31 0001021435 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0001021435 us-gaap:PreferredStockMember 2015-12-31 0001021435 us-gaap:RetainedEarningsMember 2015-12-31 0001021435 us-gaap:PreferredStockMember 2016-12-31 0001021435 us-gaap:CommonStockMember 2016-12-31 0001021435 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0001021435 us-gaap:RetainedEarningsMember 2016-12-31 0001021435 2016-01-01 2016-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-06-30 0001021435 HTPO:CostsOfRevenueMember 2017-01-01 2017-06-30 0001021435 us-gaap:SellingAndMarketingExpenseMember 2017-01-01 2017-06-30 0001021435 us-gaap:GeneralAndAdministrativeExpenseMember 2017-01-01 2017-06-30 0001021435 us-gaap:ResearchAndDevelopmentExpenseMember 2017-01-01 2017-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:ElosoftMember 2017-01-01 2017-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:ElosoftMember 2017-01-01 2017-06-30 0001021435 us-gaap:PreferredStockMember 2016-01-01 2016-06-30 0001021435 us-gaap:PreferredStockMember 2016-06-30 0001021435 us-gaap:PreferredStockMember 2017-06-30 0001021435 us-gaap:CommonStockMember 2016-01-01 2016-06-30 0001021435 us-gaap:CommonStockMember 2016-06-30 0001021435 us-gaap:CommonStockMember 2017-06-30 0001021435 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-06-30 0001021435 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-06-30 0001021435 us-gaap:AdditionalPaidInCapitalMember 2016-06-30 0001021435 us-gaap:AdditionalPaidInCapitalMember 2017-06-30 0001021435 us-gaap:RetainedEarningsMember 2016-01-01 2016-06-30 0001021435 us-gaap:RetainedEarningsMember 2017-01-01 2017-06-30 0001021435 us-gaap:RetainedEarningsMember 2016-06-30 0001021435 us-gaap:RetainedEarningsMember 2017-06-30 0001021435 2015-12-31 0001021435 2016-03-31 0001021435 HTPO:USMember 2017-01-01 2017-06-30 0001021435 HTPO:BRMember 2017-01-01 2017-06-30 0001021435 HTPO:OtherCountriesMember 2017-01-01 2017-06-30 0001021435 HTPO:USMember 2016-01-01 2016-06-30 0001021435 HTPO:BRMember 2016-01-01 2016-06-30 0001021435 HTPO:OtherCountriesMember 2016-01-01 2016-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:CentricMember 2016-01-01 2016-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:CentricMember 2016-01-01 2016-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:CentricMember 2017-01-01 2017-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:CentricMember 2017-01-01 2017-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:CondulentMember 2016-01-01 2016-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:CondulentMember 2016-01-01 2016-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:CondulentMember 2017-01-01 2017-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:CondulentMember 2017-01-01 2017-06-30 0001021435 HTPO:SoftwareLicensesMember HTPO:WindowsMember 2016-01-01 2016-06-30 0001021435 HTPO:SoftwareLicensesMember HTPO:UnixLinuxMember 2016-01-01 2016-06-30 0001021435 HTPO:SoftwareLicensesMember 2016-01-01 2016-06-30 0001021435 HTPO:SoftwareLicensesMember HTPO:WindowsMember 2017-01-01 2017-06-30 0001021435 HTPO:SoftwareLicensesMember HTPO:UnixLinuxMember 2017-01-01 2017-06-30 0001021435 HTPO:SoftwareLicensesMember 2017-01-01 2017-06-30 0001021435 HTPO:SoftwareServiceCostsMember 2016-01-01 2016-06-30 0001021435 HTPO:SoftwareProductCostsMember 2016-01-01 2016-06-30 0001021435 HTPO:SoftwareServiceCostsMember 2017-01-01 2017-06-30 0001021435 HTPO:SoftwareProductCostsMember 2017-01-01 2017-06-30 0001021435 HTPO:CampbellFacilityMember 2014-02-01 0001021435 HTPO:CampbellFacilityMember 2014-01-30 2014-02-01 0001021435 2016-06-30 0001021435 2017-04-01 2017-06-30 0001021435 2016-04-01 2016-06-30 0001021435 2017-08-11 0001021435 2017-03-31 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:AlcatelLucentMember 2017-04-01 2017-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:AlcatelLucentMember 2016-04-01 2016-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:AlcatelLucentMember 2016-04-01 2016-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:CentricMember 2017-04-01 2017-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:CentricMember 2017-04-01 2017-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:CentricMember 2016-04-01 2016-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:CondulentMember 2017-04-01 2017-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:CondulentMember 2017-04-01 2017-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:CondulentMember 2016-04-01 2016-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:CondulentMember 2016-04-01 2016-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:ElosoftMember 2017-04-01 2017-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:ElosoftMember 2017-04-01 2017-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember HTPO:ElosoftMember 2016-04-01 2016-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:ElosoftMember 2016-04-01 2016-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2017-04-01 2017-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2017-04-01 2017-06-30 0001021435 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2016-04-01 2016-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2016-04-01 2016-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:AlcatelLucentMember 2017-04-01 2017-06-30 0001021435 us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember HTPO:CentricMember 2016-04-01 2016-06-30 0001021435 HTPO:CostsOfRevenueMember 2017-04-01 2017-06-30 0001021435 us-gaap:SellingAndMarketingExpenseMember 2017-04-01 2017-06-30 0001021435 us-gaap:GeneralAndAdministrativeExpenseMember 2017-04-01 2017-06-30 0001021435 us-gaap:ResearchAndDevelopmentExpenseMember 2017-04-01 2017-06-30 0001021435 HTPO:CostsOfRevenueMember 2016-04-01 2016-06-30 0001021435 us-gaap:SellingAndMarketingExpenseMember 2016-04-01 2016-06-30 0001021435 us-gaap:GeneralAndAdministrativeExpenseMember 2016-04-01 2016-06-30 0001021435 us-gaap:ResearchAndDevelopmentExpenseMember 2016-04-01 2016-06-30 0001021435 HTPO:SoftwareLicensesMember HTPO:WindowsMember 2017-04-01 2017-06-30 0001021435 HTPO:SoftwareLicensesMember HTPO:UnixLinuxMember 2017-04-01 2017-06-30 0001021435 HTPO:SoftwareLicensesMember 2017-04-01 2017-06-30 0001021435 HTPO:SoftwareLicensesMember HTPO:WindowsMember 2016-04-01 2016-06-30 0001021435 HTPO:SoftwareLicensesMember HTPO:UnixLinuxMember 2016-04-01 2016-06-30 0001021435 HTPO:SoftwareLicensesMember 2016-04-01 2016-06-30 0001021435 HTPO:SoftwareServiceCostsMember 2017-04-01 2017-06-30 0001021435 HTPO:SoftwareProductCostsMember 2017-04-01 2017-06-30 0001021435 HTPO:SoftwareServiceCostsMember 2016-04-01 2016-06-30 0001021435 HTPO:SoftwareProductCostsMember 2016-04-01 2016-06-30 0001021435 HTPO:CampbellFacilityMember HTPO:SubleaseAgreementMember 2014-04-27 2014-04-28 0001021435 HTPO:USMember 2017-04-01 2017-06-30 0001021435 HTPO:BRMember 2017-04-01 2017-06-30 0001021435 HTPO:OtherCountriesMember 2017-04-01 2017-06-30 0001021435 HTPO:USMember 2016-04-01 2016-06-30 0001021435 HTPO:BRMember 2016-04-01 2016-06-30 0001021435 HTPO:OtherCountriesMember 2016-04-01 2016-06-30 0001021435 HTPO:LeasePaymentsMember 2017-06-30 0001021435 HTPO:SubleaseReceiptsMember 2017-06-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure utr:sqft hopTo Inc. 2017-06-30 false --12-31 10-Q Smaller Reporting Company HPTO -4070600 -3922900 14600 78189300 -80596900 14700 78512200 -82449800 14600 14700 78417500 78530700 -82009400 -82616000 -2393000 -3577300 0.01 0.01 5000000 5000000 0.0001 0.0001 195000000 195000000 1907300 1965900 624900 362400 920000 787200 295200 883500 924800 958600 275100 234000 415700 365600 155300 437700 -166200 -1412500 -1412500 -166200 -12500 -437600 18500 229700 229700 18500 -1600 -1600 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>1. Basis of Presentation</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited condensed consolidated financial statements include the accounts of hopTo Inc. and its subsidiaries (collectively, the &#8220;Company&#8221;, &#8220;we&#8221;, &#8220;us&#8221; or &#8220;our&#8221;); significant intercompany accounts and transactions are eliminated upon consolidation. The unaudited condensed consolidated financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States (&#8220;GAAP&#8221;) applicable to interim financial information and the rules and regulations promulgated by the Securities and Exchange Commission (the &#8220;SEC&#8221;). Accordingly, such unaudited condensed consolidated financial statements do not include all information and footnote disclosures required in annual financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited condensed consolidated financial statements included herein reflect all adjustments, which include only normal, recurring adjustments, that are, in our opinion, necessary to state fairly the results for the periods presented. This Quarterly Report on Form 10-Q should be read in conjunction with our audited consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the SEC on April 7, 2017 (&#8220;2016 10-K Report&#8221;). The interim results presented herein are not necessarily indicative of the results of operations that may be expected for the full fiscal year ending December 31, 2017 or any future period.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Property and equipment was:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30, 2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31,2016</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 56%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Equipment</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">184,600</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">258,700</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Furniture</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">190,600</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold improvements</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">167,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">167,600</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">355,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">616,900</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Less: accumulated depreciation and amortization</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">307,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">473,600</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">48,700</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">143,300</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 15300 7700 17300 14800 14900 5000 0.057 0.007 0.055 0.200 0.081 0.054 0.247 0.224 0.293 0.545 0.138 0.042 0.068 0.162 0.049 0.101 0.041 0.001 0.051 0.202 0.091 0.053 0.007 0.049 0.054 0.073 0.092 0.029 0.064 0.001 0.173 12.85 0.081 0.054 0.405 0.545 0.271 0.224 0.162 0.162 355800 616900 184600 3600 167600 258700 190600 167600 307100 473600 18500 3200 64400 95000 67100 229700 200 18100 200 3300 143500 100 3100 100 100 50300 41900 51200 14000 475400 -461500 35400 772600 -737300 300 600 9731233 9804400 9761782 9804400 P5Y 10659 2018-10 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The following table sets forth the minimum lease payments we will be required to make throughout the remainder of the lease:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Lease </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Payments</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sublease Receipts</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 46%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Remainder of 2017</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">297,200</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(275,800</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">21,400</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">475,400</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(461,500</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">772,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">737,300</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">35,400</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue by country for the three-month and six-month periods ended June 30, 2017 and 2016 was as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended June 30,</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Six Months Ended June 30,</b></font></td></tr> <tr> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td></tr> <tr style="background-color: #CCEEFF"> <td style="width: 34%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">United States</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">275,100</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">365,600</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">624,900</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">787,200</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Brazil</font></td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">234,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">155,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">362,400</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">295,200</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other countries</font></td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">415,700</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">437,700</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">920,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">883,500</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">924,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">958,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,907,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,965,900</font></td></tr> </table> <p style="margin: 0pt"></p> Q2 9804400 9804400 9804400 9804400 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The tables set forth the percentage of sales attributable to each customer during the periods presented, and the respective customer&#8217;s ending accounts receivable balance as a percentage of reported accounts receivable, net, as of June 30, 2017 and 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Ended </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;June 30, 2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>June 30, 2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended </b>&#160;</font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>June 30, 2016</b> &#160;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Customer</b></font></td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sales</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sales</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 43%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Alcatel-Lucent</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 13%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">9.1</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">16.2</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.3</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.7</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Centric</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7.3</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">16.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Condulent</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">9.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Elosoft</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">17.3</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">12.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">40.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">54.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">27.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">22.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Six Months Ended </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>June 30, 2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of June 30, 2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Six Months Ended </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif">&#160;<b>June 30, 2016</b> &#160;</font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Customer</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sales</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sales</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 43%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Alcatel-Lucent</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 13%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.5</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">20.0</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.7</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.7</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Centric</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">16.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Condulent</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">20.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Elosoft</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">13.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">29.3</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">54.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">24.7</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">22.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>3. Significant Accounting Policies</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><i>Use of Estimates</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates include: the amount of stock-based compensation expense; the allowance for doubtful accounts; the estimated lives, valuation, and amortization of intangible assets (including capitalized software); depreciation of long-lived assets; valuation of warrants; post-employment benefits, and accruals for liabilities. While we believe that such estimates are fair, actual results could differ materially from those estimates.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Revenue Recognition</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We market and license our products indirectly through channel distributors, independent software vendors (&#8220;ISVs&#8221;), value-added resellers (&#8220;VARs&#8221;) (collectively, &#8220;resellers&#8221;) and directly to corporate enterprises, governmental and educational institutions and others. Our product licenses are perpetual. We also separately sell intellectual property licenses, maintenance contracts, which are comprised of license updates and customer service access, as well as other products and services.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Software license revenues are recognized when:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: top; width: 6%; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#9679; </b></font></td> <td style="width: 2%; line-height: 107%">&#160;</td> <td style="width: 92%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Persuasive evidence of an arrangement exists, (i.e., when we sign a non-cancellable license agreement wherein the customer acknowledges an unconditional obligation to pay, or upon receipt of the customer&#8217;s purchase order), and</font></td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%">&#160;</td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#9679;</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Delivery has occurred or services have been rendered and there are no uncertainties surrounding product acceptance (i.e., when title and risk of loss have been transferred to the customer, which occurs when the media containing the licensed program(s) is provided to a common carrier or, in the case of electronic delivery, when the customer is given access to the licensed program(s)), and</font></td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%">&#160;</td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#9679;</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">The price to the customer is fixed or determinable, as typically evidenced in a signed non-cancellable contract, or a customer&#8217;s purchase order, and</font></td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%">&#160;</td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#9679;</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Collectability is probable. If collectability is not considered probable, revenue is recognized when the fee is collected.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue recognized on software arrangements involving multiple deliverables is allocated to each deliverable based on vendor-specific objective evidence (&#8220;VSOE&#8221;) or third party evidence of the fair values of each deliverable; such deliverables include licenses for software products, maintenance, private labeling fees, and customer training. We limit our assessment of VSOE for each deliverable to either the price charged when the same deliverable is sold separately or the price established by management having the relevant authority to do so, for a deliverable not yet sold separately.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">If sufficient VSOE of the fair value does not exist so as to permit the allocation of revenue to the various elements of the arrangement, all revenue from the arrangement is deferred until such evidence exists or until all elements are delivered. If VSOE of the fair value does not exist, and the only undelivered element is maintenance, then we recognize revenue on a ratable basis. If VSOE of the fair value of all undelivered elements exists but does not exist for one or more delivered elements, then revenue is recognized using the residual method. Under the residual method, the fair value of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain resellers (&#8220;stocking resellers&#8221;) purchase product licenses that they hold in inventory until they are resold to the ultimate end user (an &#8220;inventory stocking order&#8221;). At the time that a stocking reseller places an inventory stocking order, no product licenses are shipped by us to the stocking reseller; rather, the stocking reseller&#8217;s inventory is credited with the number of licenses purchased and the stocking reseller can resell (issue) any number of licenses from their inventory at any time. Upon receipt of an order to issue a license(s) from a stocking reseller&#8217;s inventory (a &#8220;draw down order&#8221;), we will ship the license(s) in accordance with the draw down order&#8217;s instructions. We defer recognition of revenue from inventory stocking orders until the underlying licenses are sold and shipped to the end user, as evidenced by the receipt and fulfillment of the stocking reseller&#8217;s draw down order, assuming all other revenue recognition criteria have been met.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">There are no rights of return granted to resellers or other purchasers of our software products.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue from maintenance contracts is recognized ratably over the related contract period, which generally ranges from one to five years.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">All of our software licenses are denominated in U.S. dollars.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Deferred Rent</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The leases for both the Company&#8217;s subleased former offices in Campbell, California contain free rent and predetermined fixed escalations in our minimum rent payments. Rent expense related to these leases is recognized on a straight-line basis over the terms of the leases. Any difference between the straight-line rent amounts and amounts payable under the leases is recorded as part of deferred rent in current or long-term liabilities, as appropriate. The monthly rent payments due to the Company for the sublease of the office at 1919 S. Bascom Avenue fully offsets the rent payments due under the Company&#8217;s lease for that space. The monthly rent payments due to the Company for the sublease of the office at 51 East Campbell Avenue will offset approximately 62% of the monthly rent payments due to the landlord under the Company&#8217;s lease for that space. The Company has vacated this facility but has determined the accrual of the difference between the lease and sublease payments to be immaterial.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Incentives received upon entering into the lease agreement are recognized on a straight-line basis as a reduction to rent over the term of the lease. The unamortized portion of these incentives are recorded as a part of deferred rent in current or long-term liabilities, as appropriate.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Long-Lived Assets</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Long-lived assets are assessed for possible impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable, whenever we have committed to a plan to dispose of the assets or, at a minimum, annually. Typically, for long-lived assets to be held and used, measurement of an impairment loss is based on the fair value of such assets, with fair value being determined based on appraisals, current market value, comparable sales value, and discounted future cash flows, among other variables, as appropriate. Assets to be held and used (which assets are affected by an impairment loss) are depreciated or amortized at their new carrying amount over their remaining estimated life; assets to be sold or otherwise disposed of are not subject to further depreciation or amortization. During the three month period ended June 30, 2016, we determined that an impairment of $15,500 existed with certain capitalized software development costs associated with our hopTo Work product and recognized that cost as part of cost of revenue. No such impairment charge was recorded during either of the three or six-month periods ended June 30, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Allowance for Doubtful Accounts</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We maintain an allowance for doubtful accounts that reflects our best estimate of potentially uncollectible trade receivables. The allowance is based on assessments of the collectability of specific customer accounts and the general aging and size of the accounts receivable. We regularly review the adequacy of our allowance for doubtful accounts by considering such factors as historical experience, credit worthiness, and current economic conditions that may affect a customer&#8217;s ability to pay. We specifically reserve for those accounts deemed uncollectible. We also establish, and adjust, a general allowance for doubtful accounts based on our review of the aging and size of our accounts receivable.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The following table sets forth the details of the Allowance for Doubtful Accounts for the three-month periods ended June 30, 2017 and 2016:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Beginning</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Balance</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Charge Offs</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Recoveries</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Provision</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Ending Balance</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 25%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10,300</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">15,300</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2016</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,900</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table sets forth the details of the Allowance for Doubtful Accounts for the six-month periods ended June 30, 2017 and 2016:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Beginning Balance</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Charge Offs</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Recoveries</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Provision</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Ending Balance</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 25%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7,700</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7,600</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">15,300</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2016</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">17,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(2,400</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,900</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><i>Concentration of Credit Risk</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three and six-month periods ended June 30, 2017 and 2016, respectively, we considered the customers listed in the following tables to be our most significant customers. The tables set forth the percentage of sales attributable to each customer during the periods presented, and the respective customer&#8217;s ending accounts receivable balance as a percentage of reported accounts receivable, net, as of June 30, 2017 and 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Ended </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;June 30, 2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>June 30, 2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended </b>&#160;</font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>June 30, 2016</b> &#160;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Customer</b></font></td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sales</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sales</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 43%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Alcatel-Lucent</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 13%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">9.1</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">16.2</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.3</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.7</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Centric</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7.3</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">16.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Condulent</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">9.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Elosoft</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">17.3</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">12.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">40.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">54.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">27.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">22.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Six Months Ended </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>June 30, 2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of June 30, 2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Six Months Ended </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif">&#160;<b>June 30, 2016</b> &#160;</font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Customer</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sales</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sales</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 43%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Alcatel-Lucent</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 13%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.5</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">20.0</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.7</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.7</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Centric</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">16.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Condulent</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">20.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Elosoft</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">13.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">29.3</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">54.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">24.7</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">22.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><i>Fair Value of Financial Instruments</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of our accounts receivable, accounts payable and accrued liabilities approximate their carrying amounts due to the relative short maturities of these items.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of warrants at issuance and for those recorded as a liability at each reporting date are determined in accordance with the Financial Accounting Standards Board&#8217;s (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) 820, <i>&#8220;Fair Value Measurement,&#8221;</i> which establishes a fair value hierarchy that prioritizes the assumptions (inputs) to valuation techniques used to price assets or liabilities that are measured at fair value. The hierarchy, as defined below, gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The guidance for fair value measurements requires that assets, liabilities and certain equity instruments measured at fair value be classified and disclosed in one of the following categories:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: top; width: 6%; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679; </font></td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 1: Defined as observable inputs, such as quoted (unadjusted) prices in active markets for identical assets or liabilities.</font></td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%">&#160;</td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 2: Defined as observable inputs other than quoted prices included in Level 1. This includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.</font></td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%">&#160;</td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 3: Defined as unobservable inputs to the valuation methodology that are supported by little or no market activity and that are significant to the measurement of the fair value of the assets or liabilities. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, as well as significant management judgment or estimation.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><i>Recent Accounting Pronouncements </i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2014, FASB issued Accounting Standards Update (&#8220;ASU&#8221;) No. 2014-09 &#8220;<i>Revenue from Contracts with Customers (Topic 606)&#8221;</i> (&#8220;ASU 2014-09&#8221;). Subsequently FASB has released several updates to ASU 2014-09 including ASU 2016-20, ASU 2016-12, ASU-2016-10, ASU-2016-08, and ASU-2015-14. The effective date for ASU 2014-09 will be the first quarter of fiscal year 2018 with early adoption permitted in the first quarter of fiscal year 2017. During the three-month period ended June 30, 2017, the Company completed a detailed review of the Topic 606 standard relative to our revenue recognition policies and practice. From this review we have developed a plan for extensive further review which we intend to complete by September 30, 2017. However, at this time we believe that adoption of this standard will not have a material effect on either our historical financial results or future financial results.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>4. Property and Equipment</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Property and equipment was:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30, 2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31,2016</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 56%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Equipment</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">184,600</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">258,700</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Furniture</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">190,600</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold improvements</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">167,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">167,600</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">355,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">616,900</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Less: accumulated depreciation and amortization</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">307,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">473,600</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">48,700</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">143,300</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Aggregate property and equipment depreciation and amortization expense was $15,100 during the three-month period ended June 30, 2017, and $33,200 during the six-month period ended June 30, 2017. During the six month period ended June 30, 2017, we disposed equipment and furniture with a combined net book value of $61,300.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>9. Supplemental Disclosure of Cash Flow Information</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We disbursed $300 and $600 for the payment of interest expense during the six-month periods ended June 30, 2017 and 2016, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We disbursed $1,300 and $800 for the payment of income taxes during the six-month periods ended June 30, 2017 and 2016, respectively. Such disbursement was made for the payment of foreign income taxes related to the operation of our Israeli subsidiary, GraphOn Research Labs, Ltd.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>11. Segment Information</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue by country for the three-month and six-month periods ended June 30, 2017 and 2016 was as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended June 30,</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Six Months Ended June 30,</b></font></td></tr> <tr> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td></tr> <tr style="background-color: #CCEEFF"> <td style="width: 34%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">United States</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">275,100</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">365,600</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">624,900</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">787,200</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Brazil</font></td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">234,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">155,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">362,400</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">295,200</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other countries</font></td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">415,700</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">437,700</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">920,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">883,500</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">924,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">958,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,907,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,965,900</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>2. Going Concern and Management&#8217;s Liquidity Plans</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying condensed consolidated financial statements have been prepared in conformity with GAAP, assuming we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. Accordingly, the condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We have incurred significant net losses since our inception. For the three and six months ended June 30, 2017, the Company incurred net losses of $12,500 and $166,200, respectively. At June 30, 2017, the Company had an accumulated deficit of $82,616,000 and a working capital deficit of $2,583,600. Due to our inability to date to generate meaningful revenue from our hopTo Work business and our most recent estimation that revenue from this product is unlikely in any reasonable time frame, our cash resources will not be sufficient to fund our business for the next 12 months. The Company&#8217;s ability to continue as a going concern is dependent on our ability to continue to generate revenue from our legacy GO-Global business and to raise additional capital through the issuance of new equity, debt financing, or from the sale of certain assets to meet short and long-term operating requirements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">If the Company raises additional funds through the issuance of equity or convertible debt securities, the percentage ownership of our current shareholders could be reduced, and such securities might have rights, preferences or privileges senior to the Company&#8217;s common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, the Company may not be able to take advantage of prospective business endeavors or opportunities, which could significantly and materially restrict our operations. We are continuing to pursue external financing alternatives to improve our working capital position. If the Company is unable to obtain the necessary capital, the Company may have to cease operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">These factors raise substantial doubt about our ability to continue as a going concern.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In order to maintain operations, we previously implemented significant expense reductions, including a limited number of employee layoffs, and continue to implement further costs and employment reductions. During the three month period ended September 30, 2016, our then current CEO and CFO voluntarily agreed with our board of directors to defer 50% of their salary beginning September 1, 2016 until such time as the Company can reasonably pay such compensation upon approval by the board of directors (see Note 12). Such deferrals were discontinued for the CFO during the three-month period ended June 30, 2017. No payments have yet been made against this deferred compensation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Although maintaining our SEC filing status is a significant expense, we are considering all options to preserve value for shareholders, including potentially suspending or terminating our filing status, however we have not made any decision to do so.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We have worked extensively to explore additional sources of capital including the issuance of new shares, securing debt financing, and the sale of assets including certain of our software products and patents. Although this process is ongoing and we are in active discussions with multiple parties, there is no guarantee that they will result in transactions that are sufficient to provide the Company with the required liquidity to remove the substantial doubt as to our ability to continue as a going concern. We are also in discussions with some parties about the possibility of other strategic transactions although there is no guarantee that these discussions will result in an actual transaction.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying condensed consolidated financial statements do not include any adjustments that may result from the outcome of the uncertainties set forth above.</p> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Revenue Recognition</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We market and license our products indirectly through channel distributors, independent software vendors (&#8220;ISVs&#8221;), value-added resellers (&#8220;VARs&#8221;) (collectively, &#8220;resellers&#8221;) and directly to corporate enterprises, governmental and educational institutions and others. Our product licenses are perpetual. We also separately sell intellectual property licenses, maintenance contracts, which are comprised of license updates and customer service access, as well as other products and services.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Software license revenues are recognized when:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: top; width: 6%; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#9679; </b></font></td> <td style="width: 2%; line-height: 107%">&#160;</td> <td style="width: 92%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Persuasive evidence of an arrangement exists, (i.e., when we sign a non-cancellable license agreement wherein the customer acknowledges an unconditional obligation to pay, or upon receipt of the customer&#8217;s purchase order), and</font></td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%">&#160;</td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#9679;</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Delivery has occurred or services have been rendered and there are no uncertainties surrounding product acceptance (i.e., when title and risk of loss have been transferred to the customer, which occurs when the media containing the licensed program(s) is provided to a common carrier or, in the case of electronic delivery, when the customer is given access to the licensed program(s)), and</font></td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%">&#160;</td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#9679;</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">The price to the customer is fixed or determinable, as typically evidenced in a signed non-cancellable contract, or a customer&#8217;s purchase order, and</font></td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%">&#160;</td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#9679;</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Collectability is probable. If collectability is not considered probable, revenue is recognized when the fee is collected.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue recognized on software arrangements involving multiple deliverables is allocated to each deliverable based on vendor-specific objective evidence (&#8220;VSOE&#8221;) or third party evidence of the fair values of each deliverable; such deliverables include licenses for software products, maintenance, private labeling fees, and customer training. We limit our assessment of VSOE for each deliverable to either the price charged when the same deliverable is sold separately or the price established by management having the relevant authority to do so, for a deliverable not yet sold separately.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">If sufficient VSOE of the fair value does not exist so as to permit the allocation of revenue to the various elements of the arrangement, all revenue from the arrangement is deferred until such evidence exists or until all elements are delivered. If VSOE of the fair value does not exist, and the only undelivered element is maintenance, then we recognize revenue on a ratable basis. If VSOE of the fair value of all undelivered elements exists but does not exist for one or more delivered elements, then revenue is recognized using the residual method. Under the residual method, the fair value of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain resellers (&#8220;stocking resellers&#8221;) purchase product licenses that they hold in inventory until they are resold to the ultimate end user (an &#8220;inventory stocking order&#8221;). At the time that a stocking reseller places an inventory stocking order, no product licenses are shipped by us to the stocking reseller; rather, the stocking reseller&#8217;s inventory is credited with the number of licenses purchased and the stocking reseller can resell (issue) any number of licenses from their inventory at any time. Upon receipt of an order to issue a license(s) from a stocking reseller&#8217;s inventory (a &#8220;draw down order&#8221;), we will ship the license(s) in accordance with the draw down order&#8217;s instructions. We defer recognition of revenue from inventory stocking orders until the underlying licenses are sold and shipped to the end user, as evidenced by the receipt and fulfillment of the stocking reseller&#8217;s draw down order, assuming all other revenue recognition criteria have been met.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">There are no rights of return granted to resellers or other purchasers of our software products.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue from maintenance contracts is recognized ratably over the related contract period, which generally ranges from one to five years.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">All of our software licenses are denominated in U.S. dollars.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Deferred Rent</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The leases for both the Company&#8217;s subleased former offices in Campbell, California contain free rent and predetermined fixed escalations in our minimum rent payments. Rent expense related to these leases is recognized on a straight-line basis over the terms of the leases. Any difference between the straight-line rent amounts and amounts payable under the leases is recorded as part of deferred rent in current or long-term liabilities, as appropriate. The monthly rent payments due to the Company for the sublease of the office at 1919 S. Bascom Avenue fully offsets the rent payments due under the Company&#8217;s lease for that space. The monthly rent payments due to the Company for the sublease of the office at 51 East Campbell Avenue will offset approximately 62% of the monthly rent payments due to the landlord under the Company&#8217;s lease for that space. The Company has vacated this facility but has determined the accrual of the difference between the lease and sublease payments to be immaterial.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Incentives received upon entering into the lease agreement are recognized on a straight-line basis as a reduction to rent over the term of the lease. The unamortized portion of these incentives are recorded as a part of deferred rent in current or long-term liabilities, as appropriate.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Long-Lived Assets</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Long-lived assets are assessed for possible impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable, whenever we have committed to a plan to dispose of the assets or, at a minimum, annually. Typically, for long-lived assets to be held and used, measurement of an impairment loss is based on the fair value of such assets, with fair value being determined based on appraisals, current market value, comparable sales value, and discounted future cash flows, among other variables, as appropriate. Assets to be held and used (which assets are affected by an impairment loss) are depreciated or amortized at their new carrying amount over their remaining estimated life; assets to be sold or otherwise disposed of are not subject to further depreciation or amortization. During the three month period ended June 30, 2016, we determined that an impairment of $15,500 existed with certain capitalized software development costs associated with our hopTo Work product and recognized that cost as part of cost of revenue. No such impairment charge was recorded during either of the three or six-month periods ended June 30, 2017.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Allowance for Doubtful Accounts</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">We maintain an allowance for doubtful accounts that reflects our best estimate of potentially uncollectible trade receivables. The allowance is based on assessments of the collectability of specific customer accounts and the general aging and size of the accounts receivable. We regularly review the adequacy of our allowance for doubtful accounts by considering such factors as historical experience, credit worthiness, and current economic conditions that may affect a customer&#8217;s ability to pay. We specifically reserve for those accounts deemed uncollectible. We also establish, and adjust, a general allowance for doubtful accounts based on our review of the aging and size of our accounts receivable.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The following table sets forth the details of the Allowance for Doubtful Accounts for the three-month periods ended June 30, 2017 and 2016:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Beginning</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Balance</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Charge Offs</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Recoveries</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Provision</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Ending Balance</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 25%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10,300</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">15,300</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2016</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,900</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table sets forth the details of the Allowance for Doubtful Accounts for the six-month periods ended June 30, 2017 and 2016:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Beginning Balance</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Charge Offs</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Recoveries</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Provision</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Ending Balance</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 25%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7,700</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7,600</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">15,300</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2016</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">17,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(2,400</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,900</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><i>Fair Value of Financial Instruments</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of our accounts receivable, accounts payable and accrued liabilities approximate their carrying amounts due to the relative short maturities of these items.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of warrants at issuance and for those recorded as a liability at each reporting date are determined in accordance with the Financial Accounting Standards Board&#8217;s (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) 820, <i>&#8220;Fair Value Measurement,&#8221;</i> which establishes a fair value hierarchy that prioritizes the assumptions (inputs) to valuation techniques used to price assets or liabilities that are measured at fair value. The hierarchy, as defined below, gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The guidance for fair value measurements requires that assets, liabilities and certain equity instruments measured at fair value be classified and disclosed in one of the following categories:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: top; width: 6%; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679; </font></td> <td style="width: 94%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 1: Defined as observable inputs, such as quoted (unadjusted) prices in active markets for identical assets or liabilities.</font></td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%">&#160;</td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 2: Defined as observable inputs other than quoted prices included in Level 1. This includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.</font></td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%">&#160;</td></tr> <tr> <td style="vertical-align: top; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 3: Defined as unobservable inputs to the valuation methodology that are supported by little or no market activity and that are significant to the measurement of the fair value of the assets or liabilities. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, as well as significant management judgment or estimation.</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The following table sets forth the details of the Allowance for Doubtful Accounts for the three-month periods ended June 30, 2017 and 2016:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Beginning</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Balance</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Charge Offs</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Recoveries</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Provision</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Ending Balance</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 25%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10,300</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">15,300</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2016</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,900</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table sets forth the details of the Allowance for Doubtful Accounts for the six-month periods ended June 30, 2017 and 2016:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Beginning Balance</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Charge Offs</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Recoveries</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Provision</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Ending Balance</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 25%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2017</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7,700</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7,600</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">15,300</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2016</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">17,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(2,400</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,900</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 9404400 37100 121200 76000 45200 31000 6100 18300 67400 15500 2800 36600 30800 30549 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>10. Earnings (Loss) Per Share</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Earnings or loss per share is calculated by dividing the net income or loss for the period by the weighted average number of shares of common stock outstanding during the period. Diluted earnings or loss per share (&#8220;Diluted EPS&#8221;) is calculated by dividing the net income or loss for the period by the total of the weighted average number of shares of common stock outstanding during the period plus the effects of any dilutive securities. Diluted EPS considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of such potential shares of common stock would have an anti-dilutive effect. During all periods presented in our Condensed Consolidated Statements of Operations, potentially dilutive securities included shares of common stock potentially issuable upon exercise of stock options, release of unvested restricted stock awards and exercise of warrants. Diluted EPS excludes the impact of potential issuance of shares of common stock related to our stock options in periods in which the exercise price of the stock option is greater than the average market price of our common stock during such periods.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three-month periods ended June 30, 2017 and 2016, 1,375,509 and 2,214,709 shares of common stock equivalents, respectively, were excluded from the computation of dilutive loss per share since their effect would be anti-dilutive.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For the six-month periods ended June 30, 2017 and 2016, 1,375,509 and 2,214,709 shares of common stock equivalents, respectively, were excluded from the computation of dilutive loss per share since their effect would be anti-dilutive.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>7. Costs of Revenue</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Costs of revenue for the three-month periods ended June 30, 2017 and 2016 were:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017 Over (Under) 2016</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Dollars</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Percent</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="background-color: #CCEEFF"> <td style="width: 48%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Software service costs</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">15,500</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">36,600</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(21,100</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-57.7</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Software product costs</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">30,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(28,000</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-90.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">18,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">67,400</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(49,100</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-72.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Costs of revenue for the six-month periods ended June 30, 2017 and 2016 were:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017 Over (Under) 2016</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Dollars</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Percent</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="background-color: #CCEEFF"> <td style="width: 48%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Software service costs</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">31,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">76,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(45,000</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-59.2</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Software product costs</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">45,200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(39,100</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-86.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">37,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">121,200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(84,100</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-69.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>6. Revenue</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Revenue for the three-month periods ended June 30, 2017 and 2016 was:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017 Over (Under) 2016</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Revenue</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Dollars</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Percent</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><u>Software Licenses</u></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 48%; padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Windows</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">296,500</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">261,600</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">34,900</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">13.3</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">UNIX/Linux</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">44,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">60,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(16,700</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-27.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">340,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">322,400</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">18,200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.6</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><u>Software Service Fees</u></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Windows</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">434,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">470,500</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(35,600</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-7.6</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">UNIX/Linux</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">135,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">155,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(20,000</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-12.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">569,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">625,500</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(55,600</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-8.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10,700</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">33.6</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total Revenue</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">924,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">958,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(33,800</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-3.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Revenue for the six-month periods ended June 30, 2017 and 2016 was:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017 Over (Under) 2016</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr> <td style="border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Revenue</b></font></td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Dollars</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Percent</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="background-color: #CCEEFF"> <td style="width: 48%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><u>Software Licenses</u></font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Windows</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">579,500</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">551,700</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">27,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.0</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">UNIX/Linux</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">152,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">145,200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">731,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">696,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">34,700</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.0</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><u>Software Service Fees</u></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Windows</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">879,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">922,500</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(43,400</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-4.7</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">UNIX/Linux</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">271,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">324,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(52,500</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-16.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,150,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,246,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(95,900</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-7.7</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">24,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">22,200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">11.7</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total Revenue</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,907,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,965,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(58,600</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-3.0</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>5. Stock-Based Compensation</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table summarizes the stock-based compensation expense, for the three and six-month periods ended June 30, 2017 and 2016, respectively, by classification:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended June 30,</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Six Months Ended June 30,</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Statement of Operations Classification</b></font></td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 40%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Costs of revenue</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,200</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Selling and marketing expense</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">50,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">64,400</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">General and administrative expense</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">41,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">18,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">95,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Research and development expense</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">51,200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">67,100</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">143,500</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">18,500</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">229,700</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><i>Use of Estimates</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates include: the amount of stock-based compensation expense; the allowance for doubtful accounts; the estimated lives, valuation, and amortization of intangible assets (including capitalized software); depreciation of long-lived assets; valuation of warrants; post-employment benefits, and accruals for liabilities. While we believe that such estimates are fair, actual results could differ materially from those estimates.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>12. Subsequent Events</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Eldad Eilam, President, CEO, and Director of the Company resigned as President and CEO effective July 28, 2017. Mr. Eilam will continue to serve on the board of directors of the Company. On June 30, 2017, the board appointed Jean-Louis Casabonne, the CFO and Secretary of the Company, to serve as the Company&#8217;s interim CEO, in addition to his current duties, effective as of the date of Mr. Eilam&#8217;s resignation. On August 4, 2017, Jean-Louis Casabonne agreed with the Company to remain in his current office, based on a significantly reduced time commitment, on a month to month basis, at his current compensation rate under his existing employment agreement, but pro-rated for the reduction in his time commitment to the Company. The board is currently in the process of conducting a search for a new CEO and a new CFO.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 2, 2017, Sam M. Auriemma, Ashfaq Munshi, and Jeremy Verba, each a director of the Company, resigned from the board of directors of the Company effective immediately. The resignations were not because of a disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Company&#8217;s operations, policies or practices. The Company&#8217;s reduced operations do not, in the Company&#8217;s judgment, require a six member board of directors. The remaining directors on the Company&#8217;s board are John Cronin, Michael Brochu and Eldad Eilam. On August 4, 2017, the board elected Mr. Cronin to be the Chairman of the board effective immediately.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table summarizes the stock-based compensation expense, for the three and six-month periods ended June 30, 2017 and 2016, respectively, by classification:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended June 30,</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Six Months Ended June 30,</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Statement of Operations Classification</b></font></td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 40%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Costs of revenue</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,200</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Selling and marketing expense</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">50,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">64,400</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">General and administrative expense</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">41,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">18,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">95,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Research and development expense</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">51,200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">67,100</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">143,500</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">18,500</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">229,700</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Revenue for the three-month periods ended June 30, 2017 and 2016 was:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017 Over (Under) 2016</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Revenue</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Dollars</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Percent</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><u>Software Licenses</u></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 48%; padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Windows</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">296,500</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">261,600</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">34,900</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">13.3</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">UNIX/Linux</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">44,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">60,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(16,700</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-27.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">340,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">322,400</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">18,200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.6</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><u>Software Service Fees</u></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Windows</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">434,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">470,500</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(35,600</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-7.6</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">UNIX/Linux</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">135,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">155,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(20,000</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-12.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">569,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">625,500</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(55,600</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-8.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10,700</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">33.6</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total Revenue</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">924,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">958,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(33,800</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-3.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Revenue for the six-month periods ended June 30, 2017 and 2016 was:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017 Over (Under) 2016</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr> <td style="border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Revenue</b></font></td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Dollars</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Percent</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="background-color: #CCEEFF"> <td style="width: 48%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><u>Software Licenses</u></font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Windows</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">579,500</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">551,700</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">27,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.0</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">UNIX/Linux</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">152,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">145,200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">731,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">696,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">34,700</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.0</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><u>Software Service Fees</u></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Windows</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">879,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">922,500</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(43,400</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-4.7</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">UNIX/Linux</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">271,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">324,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(52,500</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-16.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,150,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,246,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(95,900</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-7.7</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">24,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">22,200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">11.7</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total Revenue</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,907,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,965,900</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(58,600</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-3.0</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Costs of revenue for the three-month periods ended June 30, 2017 and 2016 were:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017 Over (Under) 2016</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Dollars</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Percent</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="background-color: #CCEEFF"> <td style="width: 48%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Software service costs</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">15,500</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">36,600</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(21,100</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-57.7</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Software product costs</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">30,800</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(28,000</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-90.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">18,300</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">67,400</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(49,100</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-72.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Costs of revenue for the six-month periods ended June 30, 2017 and 2016 were:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017 Over (Under) 2016</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Dollars</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Percent</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="background-color: #CCEEFF"> <td style="width: 48%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Software service costs</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">31,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">76,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(45,000</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-59.2</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Software product costs</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">45,200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(39,100</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-86.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">37,100</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">121,200</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(84,100</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-69.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="margin: 0pt"></p> 33200 15100 551700 145200 696900 579500 152100 731600 296500 44100 340600 261600 60800 322400 27800 6900 34700 34900 -16700 18200 0.050 0.048 0.050 0.133 -0.2750 0.056 922500 324300 1246800 879100 271800 1150900 434900 135000 569900 470500 155000 625500 24800 22200 14300 10700 2600 3600 -43400 -52500 -95900 -35600 -20000 -55600 -0.047 -0.162 -0.077 -0.076 -0.129 -0.089 0.117 0.336 -58600 -33800 -0.030 -0.035 -84100 -45000 -39100 -49100 -211000 -28000 -0.694 -0.592 -0.865 -0.728 0.577 -0.909 21400 297200 -275800 1300 800 1375509 2214709 1375509 2214709 0.62 0.62 0001021435 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>8. Commitments and Contingencies</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 1, 2014, we had previously relocated our corporate offices to a larger suite within our landlord&#8217;s office complex in Campbell, California. We are currently leasing 10,659 square feet under a five-year lease that, unless renewed, will expire in October 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 11, 2015 we entered into a sublease agreement to sublease the entirety of the South Bascom office space to a third party. The term of the sublease extends from November 1, 2015 through the end of our office lease term for that space in October, 2018. The monthly rent payments due to hopTo under this sublease fully offset the monthly rent payments due to the landlord under hopTo&#8217;s lease for that space.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 24, 2015, we entered into a new office lease for our corporate headquarters in Campbell, California which became effective on October 1, 2015, is better suited to our California operations and results in significant monthly savings. The term of this lease is from October 1, 2015 through September 30, 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 28, 2017, we entered into a sublease agreement to sublease the entirety of the leased space at 51 East Campbell Avenue to a third party. The term of the sublease began on June 1, 2017 and extends through the end of our office lease term for that space. The monthly rent payments due to hopTo will offset approximately 62% of the monthly rent payments due to the landlord under hopTo&#8217;s lease for that space. During the three-month period ended June 30, 2017, we relocated our headquarters to our Concord, New Hampshire, offices where the GO-Global team operates under a longstanding lease agreement.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The following table sets forth the minimum lease payments we will be required to make throughout the remainder of the lease:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Lease </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Payments</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sublease Receipts</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 46%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Remainder of 2017</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">297,200</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(275,800</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">21,400</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">475,400</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(461,500</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">772,600</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">737,300</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">35,400</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><i>Concentration of Credit Risk</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three and six-month periods ended June 30, 2017 and 2016, respectively, we considered the customers listed in the following tables to be our most significant customers. The tables set forth the percentage of sales attributable to each customer during the periods presented, and the respective customer&#8217;s ending accounts receivable balance as a percentage of reported accounts receivable, net, as of June 30, 2017 and 2016.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Ended </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;June 30, 2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>June 30, 2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months Ended </b>&#160;</font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>June 30, 2016</b> &#160;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Customer</b></font></td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sales</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sales</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 43%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Alcatel-Lucent</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 13%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">9.1</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">16.2</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.3</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.7</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Centric</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7.3</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">16.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Condulent</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">9.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Elosoft</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">17.3</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">12.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">40.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">54.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">27.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">22.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Six Months Ended </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>June 30, 2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>As of June 30, 2017</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Six Months Ended </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif">&#160;<b>June 30, 2016</b> &#160;</font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Customer</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sales</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Sales</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="text-align: center; line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Accounts Receivable</b></font></td> <td style="text-align: center; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 43%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Alcatel-Lucent</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 13%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.5</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">20.0</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.7</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 10%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.7</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Centric</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">16.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Condulent</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">20.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Elosoft</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">13.8</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.2</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8.1</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">29.3</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">54.5</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">24.7</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">22.4</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="margin: 0pt"></p> 61300 The term of the sublease began on June 1, 2017 and extends through the end of our office lease term for that space. The monthly rent payments due to hopTo will offset approximately 62% of the monthly rent payments due to the landlord under hopTo’s lease for that space. 1196900 1192500 -82616000 -82449800 78530700 78512200 14700 14700 5267500 5115400 2600 1551200 1694600 93500 81400 3622800 3336800 855100 571100 1817000 1759000 2300 6800 7500 24100 940900 975800 1196900 1192500 109000 109000 48700 143300 1039200 940200 37400 38700 447000 355300 -104100 -1388400 48200 -460900 1974300 3233100 858300 1352100 740100 1369400 355100 483600 1062200 1293000 421100 614900 172000 570700 82100 253600 1870200 1844700 906500 891200 25100 -22200 -60100 2600 -59600 2000 -164200 -1410900 -11400 -436700 2000 1600 1100 900 -0.02 -0.14 0 -0.04 9804400 9752417 9804400 9752821 100 100 554800 546200 1777300 663200 8600 -1114100 -4700 -4700 4700 4700 900 4500 900 4500 12400 -1113900 284000 -34900 66300 -1300 -59300 99300 -146500 300 600 -60400 1800 5900 1469700 950000 1384300 630700 7600 -2400 10300 100 -19200 28300 3500 1600 18500 229700 33200 54800 15500 12100 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><i>Recent Accounting Pronouncements </i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2014, FASB issued Accounting Standards Update (&#8220;ASU&#8221;) No. 2014-09 &#8220;<i>Revenue from Contracts with Customers (Topic 606)&#8221;</i> (&#8220;ASU 2014-09&#8221;). Subsequently FASB has released several updates to ASU 2014-09 including ASU 2016-20, ASU 2016-12, ASU-2016-10, ASU-2016-08, and ASU-2015-14. The effective date for ASU 2014-09 will be the first quarter of fiscal year 2018 with early adoption permitted in the first quarter of fiscal year 2017. During the three-month period ended June 30, 2017, the Company completed a detailed review of the Topic 606 standard relative to our revenue recognition policies and practice. From this review we have developed a plan for extensive further review which we intend to complete by September 30, 2017. However, at this time we believe that adoption of this standard will not have a material effect on either our historical financial results or future financial results.</p> 2017 2583600 During the three month period ended September 30, 2016, our then current CEO and CFO voluntarily agreed with our board of directors to defer 50% of their salary beginning September 1, 2016 until such time as the Company can reasonably pay such compensation upon approval by the board of directors EX-101.SCH 6 htpo-20170630.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Consolidated Statements of Stockholders' Equity (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Basis of Presentation link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Going Concern and Management's Liquidity Plans link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Property and Equipment link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Stock-Based Compensation link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Revenue link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Costs of Revenue link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Supplemental Disclosure of Cash Flow Information link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Earnings (Loss) Per Share link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Segment Information link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Property and Equipment (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Stock-Based Compensation (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Revenue (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Costs of Revenue (Tables) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Commitments and Contingencies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Segment Information (Tables) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Going Concern and Management's Liquidity Plans (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Significant Accounting Policies - Schedule of Allowance for Doubtful Accounts (Details) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Significant Accounting Policies - Schedule of Concentration of Credit Risk (Details) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Property and Equipment (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Property and Equipment - Schedule of Property and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Stock-Based Compensation - Summary Of Stock-Based Compensation Expense (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Revenue - Schedule of Revenue (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Costs of Revenue - Schedule of Cost of Revenue (Details) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Commitments and Contingencies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Supplemental Disclosure of Cash Flow Information (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Earnings (Loss) Per Share (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Segment Information - Schedule of Revenue by Country (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 htpo-20170630_cal.xml XBRL CALCULATION FILE EX-101.DEF 8 htpo-20170630_def.xml XBRL DEFINITION FILE EX-101.LAB 9 htpo-20170630_lab.xml XBRL LABEL FILE Concentration Risk Benchmark [Axis] Sales Revenue, Net [Member] Concentration Risk Type [Axis] Customer Concentration Risk [Member] Customer [Axis] Alcatel-Lucent [Member] Accounts Receivable [Member] Elosoft [Member] Property, Plant and Equipment, Type [Axis] Equipment [Member] Furniture [Member] Leasehold Improvements [Member] Income Statement Location [Axis] Costs of Revenue [Member] Selling and Marketing Expense [Member] General and Administrative Expense [Member] Research and Development Expense [Member] Equity Components [Axis] Common Stock [Member] Additional Paid-In Capital [Member] Preferred Stock [Member] Accumulated Deficit [Member] Geographical [Axis] United States [Member] Brazil [Member] Other Countries [Member] Centric [Member] Condulent [Member] Software Licenses [Member] Products and Services [Axis] Windows [Member] Unix Linux [Member] Software Service Costs [Member] Software Product Costs [Member] Campbell Facility [Member] Lease Arrangement, Type [Axis] Sublease Agreement [Member] Lease Payments [Member] Sublease Receipts [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Trading Symbol Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] Assets Current Assets: Cash Accounts receivable, net Prepaid expenses Total Current Assets Property and equipment, net Other assets Total Assets Liabilities and Stockholders' Equity (Deficit) Current Liabilities: Accounts payable and accrued expenses Deferred rent Capital lease Deferred revenue Other current liabilities Total Current Liabilities Deposit liability Deferred revenue Deferred rent Total Liabilities Commitments and contingencies Stockholders' Equity (Deficit): Preferred stock, $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding Common stock, $0.0001 par value, 195,000,000 shares authorized, 9,804,400 shares issued and outstanding at June 30, 2017 and December 31, 2016 Additional paid-in capital Accumulated deficit Total Stockholders' Deficit Total Liabilities and Stockholders' Deficit Preferred stock par value Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Common stock par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Revenue Costs of revenue Gross profit Operating expenses: Selling and marketing General and administrative Research and development Total operating expenses Income / (loss) from operations Other income (expense) - change in fair value of warrants liability Other income (expense), net Loss before provision for income tax Provision for income tax Net Loss Basic and diluted loss per share Average weighted common shares outstanding - basic and diluted Statement [Table] Statement [Line Items] Beginning balance Beginning balance, shares Vesting of restricted stock awards Vesting of restricted stock awards, shares Stock-based compensation expense Company payment of employee taxes for stock-based compensation Other Rounding Net loss Ending balance Ending balance, shares Statement of Cash Flows [Abstract] Cash Flows Provided By (Used In) Operating Activities: Net Loss Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization Write-down of capitalized purchased technology Stock-based compensation expense Company payment of employee taxes for stock-based compensation Change in fair value of derivative instruments - warrants Accretion of warrants liability for consulting services Changes in deferred rent Changes to allowance of doubtful accounts Revenue deferred to future periods Recognition of deferred revenue Changes in severance liability Loss / (gain) on disposal of fixed assets Interest accrued for capital lease Changes in operating assets and liabilities: Accounts receivable Prepaid expenses Deposit liability Accounts payable and accrued expenses Other current liabilities Net Cash Provided By (Used In) Operating Activities Cash Flows Used In Investing Activities: Proceeds from sale of expensed equipment Net Cash Provided By Investing Activities Cash Flows Provided By Financing Activities: Payment for capital lease Net Cash (Used In) Provided By Financing Activities Net Increase (Decrease) in Cash Cash - Beginning of Period Cash - End of Period Organization, Consolidation and Presentation of Financial Statements [Abstract] Basis of Presentation Going Concern and Management's Liquidity Plans Accounting Policies [Abstract] Significant Accounting Policies Property, Plant and Equipment [Abstract] Property and Equipment Disclosure of Compensation Related Costs, Share-based Payments [Abstract] Stock-Based Compensation Revenue Revenue Cost of Revenue [Abstract] Costs of Revenue Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Supplemental Cash Flow Elements [Abstract] Supplemental Disclosure of Cash Flow Information Earnings Per Share [Abstract] Earnings (Loss) Per Share Segment Reporting [Abstract] Segment Information Subsequent Events [Abstract] Subsequent Events Use of Estimates Revenue Recognition Deferred Rent Long-Lived Assets Allowance for Doubtful Accounts Concentration of Credit Risk Fair Value of Financial Instruments Recent Accounting Pronouncements Schedule of Allowance for Doubtful Accounts Schedule of Concentration of Credit Risk Schedule of Property and Equipment Summary of Stock-Based Compensation Expense Revenue Tables Schedule of Revenue Schedule of Cost of Revenue Schedule of Future Minimum Lease Payments Schedule of Revenue by Country Net loss Accumulated deficit Working capital deficit Compensation description Monthly rent payments, percentage Impairment of capitalized computer software Impairment charges of long-lived assets Beginning balance Charge offs Recoveries Provision Ending balance Percentage of Concentration of Credit Risk Depreciation Disposed of equipment Property and equipment gross Less: accumulated depreciation and amortization Property and equipment net Compensation expense Revenue Recognition, Multiple-deliverable Arrangements [Table] Revenue Recognition, Multiple-deliverable Arrangements [Line Items] Software Licenses Increase (Decrease) in Software Licenses Increase (Decrease) in Software Licenses, Percentage Software Service Fees Increase (Decrease) in Software Service Fees Increase (Decrease) in Software Service Fees, Percentage Other Increase (Decrease) in Other Increase (Decrease) in Other, Percentage Total Revenue Increase (Decrease) in Total Revenue Increase (Decrease) in Total Revenue Costs of Revenue Increase (Decrease) in Costs of Revenue Increase (Decrease) in Costs of Revenue, Percentage Lease square feet Lease term Lease expire date Lease description Remainder of 2017 2018 Total Payment of interest expense Payment of income taxes Antidilutive securities Revenue by country Brazil {Member]' Compensation description. Costs of Revenue [Member] Changes in severance liability. lease expiry date. Seagate Technology [Member]. Adjustment to net income (loss) for the amount of revenue deferred to future reporting periods. Seagate Technology [Member]. Working Capital Deficit. Deposit liability. Cost of Revenue [Text Block] Revenue Disclosure [Text Block] Schedule of Cost of Revenue [Table Text Block] Concentration Of Credit Risk Abstract. Centric [Member] Seagate Technology [Member]. Seagate Technology [Member] Seagate Technology [Member] The increase (decrease) in software licenses revenue over the prior period reported. The percentage increase (decrease) in software licenses revenue over the prior period reported. The increase (decrease) in Software service fees revenue over the prior period reported. The percentage increase (decrease) in software service fee revenue over the prior period reported. The increase (decrease) in other revenue over the prior period reported. The percentage increase (decrease) in other revenue over the prior period reported. The increase (decrease) in sales revenue over the prior period reported. The percentage increase (decrease) in sales revenue over the prior period reported. Software Service Costs [Member] Software Product Costs [Member] The increase (decrease) in technology service costs over the prior period reported. The percentage increase (decrease) in cost of revenue over the prior period reported. Seagate Technology [Member]. Japan [Member] Monthly rent payments, percentage. Sublease Agreement [Member] Alcatel-Lucent [Member] Condulent [Member] Elosoft [Member] Lease Payments [Member] Sublease Receipts [Member] Assets, Current Assets [Default Label] Liabilities, Current Deferred Revenue, Noncurrent Deferred Rent Credit, Noncurrent Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Operating Expenses Operating Income (Loss) Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Shares, Outstanding Share-based Compensation Payments Related to Tax Withholding for Share-based Compensation Recognition of Deferred Revenue Reclassification of warrants liability to equity (2014 PIPE) Gain (Loss) on Disposition of Property Plant Equipment Increase (Decrease) in Accounts Receivable Increase (Decrease) in Prepaid Expense Increase (Decrease) in Other Deposits Increase (Decrease) in Accounts Payable and Accrued Liabilities Increase (Decrease) in Other Noncurrent Liabilities Net Cash Provided by (Used in) Operating Activities Net Cash Provided by (Used in) Investing Activities Repayments of Long-term Capital Lease Obligations Net Cash Provided by (Used in) Financing Activities Cash, Period Increase (Decrease) RevenueDisclosureTextBlock Allowance for Doubtful Accounts Receivable IncreaseDecreaseInSalesRevenuePercentage Operating Leases, Future Minimum Payments Due EX-101.PRE 10 htpo-20170630_pre.xml XBRL PRESENTATION FILE XML 11 R1.htm IDEA: XBRL DOCUMENT v3.7.0.1
Document and Entity Information - shares
6 Months Ended
Jun. 30, 2017
Aug. 11, 2017
Document And Entity Information    
Entity Registrant Name hopTo Inc.  
Entity Central Index Key 0001021435  
Document Type 10-Q  
Document Period End Date Jun. 30, 2017  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   9,404,400
Trading Symbol HPTO  
Document Fiscal Period Focus Q2  
Document Fiscal Year Focus 2017  
XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash $ 554,800 $ 546,200
Accounts receivable, net 447,000 355,300
Prepaid expenses 37,400 38,700
Total Current Assets 1,039,200 940,200
Property and equipment, net 48,700 143,300
Other assets 109,000 109,000
Total Assets 1,196,900 1,192,500
Current Liabilities:    
Accounts payable and accrued expenses 940,900 975,800
Deferred rent 7,500 24,100
Capital lease 2,300 6,800
Deferred revenue 1,817,000 1,759,000
Other current liabilities 855,100 571,100
Total Current Liabilities 3,622,800 3,336,800
Deposit liability 93,500 81,400
Deferred revenue 1,551,200 1,694,600
Deferred rent 2,600
Total Liabilities 5,267,500 5,115,400
Commitments and contingencies
Stockholders' Equity (Deficit):    
Preferred stock, $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.0001 par value, 195,000,000 shares authorized, 9,804,400 shares issued and outstanding at June 30, 2017 and December 31, 2016 14,700 14,700
Additional paid-in capital 78,530,700 78,512,200
Accumulated deficit (82,616,000) (82,449,800)
Total Stockholders' Deficit (4,070,600) (3,922,900)
Total Liabilities and Stockholders' Deficit $ 1,196,900 $ 1,192,500
XML 13 R3.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares
Jun. 30, 2017
Dec. 31, 2016
Statement of Financial Position [Abstract]    
Preferred stock par value $ 0.01 $ 0.01
Preferred stock, shares authorized 5,000,000 5,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock par value $ 0.0001 $ 0.0001
Common stock, shares authorized 195,000,000 195,000,000
Common stock, shares issued 9,804,400 9,804,400
Common stock, shares outstanding 9,804,400 9,804,400
XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenue $ 924,800 $ 958,600 $ 1,907,300 $ 1,965,900
Costs of revenue 18,300 67,400 37,100 121,200
Gross profit 906,500 891,200 1,870,200 1,844,700
Operating expenses:        
Selling and marketing 82,100 253,600 172,000 570,700
General and administrative 421,100 614,900 1,062,200 1,293,000
Research and development 355,100 483,600 740,100 1,369,400
Total operating expenses 858,300 1,352,100 1,974,300 3,233,100
Income / (loss) from operations 48,200 (460,900) (104,100) (1,388,400)
Other income (expense) - change in fair value of warrants liability 22,200 (25,100)
Other income (expense), net (59,600) 2,000 (60,100) 2,600
Loss before provision for income tax (11,400) (436,700) (164,200) (1,410,900)
Provision for income tax 1,100 900 2,000 1,600
Net Loss $ (12,500) $ (437,600) $ (166,200) $ (1,412,500)
Basic and diluted loss per share $ 0 $ (0.04) $ (0.02) $ (0.14)
Average weighted common shares outstanding - basic and diluted 9,804,400 9,752,821 9,804,400 9,752,417
XML 15 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Total
Beginning balance at Dec. 31, 2015 $ 14,600 $ 78,189,300 $ (80,596,900) $ (2,393,000)
Beginning balance, shares at Dec. 31, 2015 9,731,233      
Vesting of restricted stock awards  
Vesting of restricted stock awards, shares 30,549      
Stock-based compensation expense     229,700   229,700
Company payment of employee taxes for stock-based compensation     (1,600)   (1,600)
Other Rounding     100   100
Net loss       (1,412,500) (1,412,500)
Ending balance at Jun. 30, 2016 $ 14,600 78,417,500 (82,009,400) (3,577,300)
Ending balance, shares at Jun. 30, 2016 9,761,782      
Beginning balance at Dec. 31, 2016 $ 14,700 78,512,200 (82,449,800) (3,922,900)
Beginning balance, shares at Dec. 31, 2016 9,804,400      
Stock-based compensation expense     18,500   18,500
Company payment of employee taxes for stock-based compensation      
Other Rounding        
Net loss       (166,200) (166,200)
Ending balance at Jun. 30, 2017 $ 14,700 $ 78,530,700 $ (82,616,000) $ (4,070,600)
Ending balance, shares at Jun. 30, 2017 9,804,400      
XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows Provided By (Used In) Operating Activities:    
Net Loss $ (166,200) $ (1,412,500)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 33,200 54,800
Write-down of capitalized purchased technology 15,500
Stock-based compensation expense 18,500 229,700
Company payment of employee taxes for stock-based compensation (1,600)
Change in fair value of derivative instruments - warrants 25,100
Accretion of warrants liability for consulting services 3,500
Changes in deferred rent (19,200) 28,300
Changes to allowance of doubtful accounts 7,600 (2,400)
Revenue deferred to future periods 1,384,300 630,700
Recognition of deferred revenue (1,469,700) (950,000)
Changes in severance liability (5,900)
Loss / (gain) on disposal of fixed assets 60,400 (1,800)
Interest accrued for capital lease 300 600
Changes in operating assets and liabilities:    
Accounts receivable (99,300) 146,500
Prepaid expenses 1,300 59,300
Deposit liability 12,100
Accounts payable and accrued expenses (34,900) 66,300
Other current liabilities 284,000
Net Cash Provided By (Used In) Operating Activities 12,400 (1,113,900)
Cash Flows Used In Investing Activities:    
Proceeds from sale of expensed equipment 900 4,500
Net Cash Provided By Investing Activities 900 4,500
Cash Flows Provided By Financing Activities:    
Payment for capital lease (4,700) (4,700)
Net Cash (Used In) Provided By Financing Activities (4,700) (4,700)
Net Increase (Decrease) in Cash 8,600 (1,114,100)
Cash - Beginning of Period 546,200 1,777,300
Cash - End of Period $ 554,800 $ 663,200
XML 17 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Basis of Presentation
6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation

1. Basis of Presentation

 

The unaudited condensed consolidated financial statements include the accounts of hopTo Inc. and its subsidiaries (collectively, the “Company”, “we”, “us” or “our”); significant intercompany accounts and transactions are eliminated upon consolidation. The unaudited condensed consolidated financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) applicable to interim financial information and the rules and regulations promulgated by the Securities and Exchange Commission (the “SEC”). Accordingly, such unaudited condensed consolidated financial statements do not include all information and footnote disclosures required in annual financial statements.

 

The unaudited condensed consolidated financial statements included herein reflect all adjustments, which include only normal, recurring adjustments, that are, in our opinion, necessary to state fairly the results for the periods presented. This Quarterly Report on Form 10-Q should be read in conjunction with our audited consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the SEC on April 7, 2017 (“2016 10-K Report”). The interim results presented herein are not necessarily indicative of the results of operations that may be expected for the full fiscal year ending December 31, 2017 or any future period.

XML 18 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Going Concern and Management's Liquidity Plans
6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern and Management's Liquidity Plans

2. Going Concern and Management’s Liquidity Plans

 

The accompanying condensed consolidated financial statements have been prepared in conformity with GAAP, assuming we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. Accordingly, the condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.

 

We have incurred significant net losses since our inception. For the three and six months ended June 30, 2017, the Company incurred net losses of $12,500 and $166,200, respectively. At June 30, 2017, the Company had an accumulated deficit of $82,616,000 and a working capital deficit of $2,583,600. Due to our inability to date to generate meaningful revenue from our hopTo Work business and our most recent estimation that revenue from this product is unlikely in any reasonable time frame, our cash resources will not be sufficient to fund our business for the next 12 months. The Company’s ability to continue as a going concern is dependent on our ability to continue to generate revenue from our legacy GO-Global business and to raise additional capital through the issuance of new equity, debt financing, or from the sale of certain assets to meet short and long-term operating requirements.

 

If the Company raises additional funds through the issuance of equity or convertible debt securities, the percentage ownership of our current shareholders could be reduced, and such securities might have rights, preferences or privileges senior to the Company’s common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, the Company may not be able to take advantage of prospective business endeavors or opportunities, which could significantly and materially restrict our operations. We are continuing to pursue external financing alternatives to improve our working capital position. If the Company is unable to obtain the necessary capital, the Company may have to cease operations.

 

These factors raise substantial doubt about our ability to continue as a going concern.

 

In order to maintain operations, we previously implemented significant expense reductions, including a limited number of employee layoffs, and continue to implement further costs and employment reductions. During the three month period ended September 30, 2016, our then current CEO and CFO voluntarily agreed with our board of directors to defer 50% of their salary beginning September 1, 2016 until such time as the Company can reasonably pay such compensation upon approval by the board of directors (see Note 12). Such deferrals were discontinued for the CFO during the three-month period ended June 30, 2017. No payments have yet been made against this deferred compensation.

 

Although maintaining our SEC filing status is a significant expense, we are considering all options to preserve value for shareholders, including potentially suspending or terminating our filing status, however we have not made any decision to do so.

 

We have worked extensively to explore additional sources of capital including the issuance of new shares, securing debt financing, and the sale of assets including certain of our software products and patents. Although this process is ongoing and we are in active discussions with multiple parties, there is no guarantee that they will result in transactions that are sufficient to provide the Company with the required liquidity to remove the substantial doubt as to our ability to continue as a going concern. We are also in discussions with some parties about the possibility of other strategic transactions although there is no guarantee that these discussions will result in an actual transaction.

 

The accompanying condensed consolidated financial statements do not include any adjustments that may result from the outcome of the uncertainties set forth above.

XML 19 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Significant Accounting Policies
6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Significant Accounting Policies

3. Significant Accounting Policies

 

Use of Estimates

 

The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates include: the amount of stock-based compensation expense; the allowance for doubtful accounts; the estimated lives, valuation, and amortization of intangible assets (including capitalized software); depreciation of long-lived assets; valuation of warrants; post-employment benefits, and accruals for liabilities. While we believe that such estimates are fair, actual results could differ materially from those estimates.

 

Revenue Recognition

 

We market and license our products indirectly through channel distributors, independent software vendors (“ISVs”), value-added resellers (“VARs”) (collectively, “resellers”) and directly to corporate enterprises, governmental and educational institutions and others. Our product licenses are perpetual. We also separately sell intellectual property licenses, maintenance contracts, which are comprised of license updates and customer service access, as well as other products and services.

 

Software license revenues are recognized when:

 

  Persuasive evidence of an arrangement exists, (i.e., when we sign a non-cancellable license agreement wherein the customer acknowledges an unconditional obligation to pay, or upon receipt of the customer’s purchase order), and
     
  Delivery has occurred or services have been rendered and there are no uncertainties surrounding product acceptance (i.e., when title and risk of loss have been transferred to the customer, which occurs when the media containing the licensed program(s) is provided to a common carrier or, in the case of electronic delivery, when the customer is given access to the licensed program(s)), and
     
  The price to the customer is fixed or determinable, as typically evidenced in a signed non-cancellable contract, or a customer’s purchase order, and
     
  Collectability is probable. If collectability is not considered probable, revenue is recognized when the fee is collected.

 

Revenue recognized on software arrangements involving multiple deliverables is allocated to each deliverable based on vendor-specific objective evidence (“VSOE”) or third party evidence of the fair values of each deliverable; such deliverables include licenses for software products, maintenance, private labeling fees, and customer training. We limit our assessment of VSOE for each deliverable to either the price charged when the same deliverable is sold separately or the price established by management having the relevant authority to do so, for a deliverable not yet sold separately.

 

If sufficient VSOE of the fair value does not exist so as to permit the allocation of revenue to the various elements of the arrangement, all revenue from the arrangement is deferred until such evidence exists or until all elements are delivered. If VSOE of the fair value does not exist, and the only undelivered element is maintenance, then we recognize revenue on a ratable basis. If VSOE of the fair value of all undelivered elements exists but does not exist for one or more delivered elements, then revenue is recognized using the residual method. Under the residual method, the fair value of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue.

 

Certain resellers (“stocking resellers”) purchase product licenses that they hold in inventory until they are resold to the ultimate end user (an “inventory stocking order”). At the time that a stocking reseller places an inventory stocking order, no product licenses are shipped by us to the stocking reseller; rather, the stocking reseller’s inventory is credited with the number of licenses purchased and the stocking reseller can resell (issue) any number of licenses from their inventory at any time. Upon receipt of an order to issue a license(s) from a stocking reseller’s inventory (a “draw down order”), we will ship the license(s) in accordance with the draw down order’s instructions. We defer recognition of revenue from inventory stocking orders until the underlying licenses are sold and shipped to the end user, as evidenced by the receipt and fulfillment of the stocking reseller’s draw down order, assuming all other revenue recognition criteria have been met.

 

There are no rights of return granted to resellers or other purchasers of our software products.

 

Revenue from maintenance contracts is recognized ratably over the related contract period, which generally ranges from one to five years.

 

All of our software licenses are denominated in U.S. dollars.

 

Deferred Rent

 

The leases for both the Company’s subleased former offices in Campbell, California contain free rent and predetermined fixed escalations in our minimum rent payments. Rent expense related to these leases is recognized on a straight-line basis over the terms of the leases. Any difference between the straight-line rent amounts and amounts payable under the leases is recorded as part of deferred rent in current or long-term liabilities, as appropriate. The monthly rent payments due to the Company for the sublease of the office at 1919 S. Bascom Avenue fully offsets the rent payments due under the Company’s lease for that space. The monthly rent payments due to the Company for the sublease of the office at 51 East Campbell Avenue will offset approximately 62% of the monthly rent payments due to the landlord under the Company’s lease for that space. The Company has vacated this facility but has determined the accrual of the difference between the lease and sublease payments to be immaterial.

 

Incentives received upon entering into the lease agreement are recognized on a straight-line basis as a reduction to rent over the term of the lease. The unamortized portion of these incentives are recorded as a part of deferred rent in current or long-term liabilities, as appropriate.

 

Long-Lived Assets

 

Long-lived assets are assessed for possible impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable, whenever we have committed to a plan to dispose of the assets or, at a minimum, annually. Typically, for long-lived assets to be held and used, measurement of an impairment loss is based on the fair value of such assets, with fair value being determined based on appraisals, current market value, comparable sales value, and discounted future cash flows, among other variables, as appropriate. Assets to be held and used (which assets are affected by an impairment loss) are depreciated or amortized at their new carrying amount over their remaining estimated life; assets to be sold or otherwise disposed of are not subject to further depreciation or amortization. During the three month period ended June 30, 2016, we determined that an impairment of $15,500 existed with certain capitalized software development costs associated with our hopTo Work product and recognized that cost as part of cost of revenue. No such impairment charge was recorded during either of the three or six-month periods ended June 30, 2017.

 

Allowance for Doubtful Accounts

 

We maintain an allowance for doubtful accounts that reflects our best estimate of potentially uncollectible trade receivables. The allowance is based on assessments of the collectability of specific customer accounts and the general aging and size of the accounts receivable. We regularly review the adequacy of our allowance for doubtful accounts by considering such factors as historical experience, credit worthiness, and current economic conditions that may affect a customer’s ability to pay. We specifically reserve for those accounts deemed uncollectible. We also establish, and adjust, a general allowance for doubtful accounts based on our review of the aging and size of our accounts receivable.

 

The following table sets forth the details of the Allowance for Doubtful Accounts for the three-month periods ended June 30, 2017 and 2016:

 

    Beginning
Balance
    Charge Offs     Recoveries     Provision     Ending Balance  
2017   $ 5,000     $     $     $ 10,300     $ 15,300  
2016     14,800                   100       14,900  

 

The following table sets forth the details of the Allowance for Doubtful Accounts for the six-month periods ended June 30, 2017 and 2016:

 

    Beginning Balance     Charge Offs     Recoveries     Provision     Ending Balance  
2017   $ 7,700     $     $     $ 7,600     $ 15,300  
2016     17,300                   (2,400 )     14,900  

 

Concentration of Credit Risk

 

For the three and six-month periods ended June 30, 2017 and 2016, respectively, we considered the customers listed in the following tables to be our most significant customers. The tables set forth the percentage of sales attributable to each customer during the periods presented, and the respective customer’s ending accounts receivable balance as a percentage of reported accounts receivable, net, as of June 30, 2017 and 2016.

 

    Three Months
Ended
 June 30, 2017
    As of
June 30, 2017
    Three Months Ended  
June 30, 2016  
 
Customer   Sales     Accounts Receivable     Sales     Accounts Receivable  
Alcatel-Lucent     9.1 %     16.2 %     5.3 %     0.7 %
Centric     4.9 %     5.4 %     7.3 %     16.2 %
Condulent     9.2 %     2.9 %     6.4 %     0.1 %
Elosoft     17.3 %     12.8 %     8.1 %     5.4 %
Total     40.5 %     54.5 %     27.1 %     22.4 %

 

    Six Months Ended
June 30, 2017
    As of June 30, 2017     Six Months Ended
 June 30, 2016  
 
Customer   Sales     Accounts Receivable     Sales     Accounts Receivable  
Alcatel-Lucent     5.5 %     20.0 %     5.7 %     0.7 %
Centric     4.9 %     10.1 %     6.8 %     16.2 %
Condulent     5.1 %     20.2 %     4.1 %     0.1 %
Elosoft     13.8 %     4.2 %     8.1 %     5.4 %
Total     29.3 %     54.5 %     24.7 %     22.4 %

 

Fair Value of Financial Instruments

 

The fair value of our accounts receivable, accounts payable and accrued liabilities approximate their carrying amounts due to the relative short maturities of these items.

 

The fair value of warrants at issuance and for those recorded as a liability at each reporting date are determined in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurement,” which establishes a fair value hierarchy that prioritizes the assumptions (inputs) to valuation techniques used to price assets or liabilities that are measured at fair value. The hierarchy, as defined below, gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The guidance for fair value measurements requires that assets, liabilities and certain equity instruments measured at fair value be classified and disclosed in one of the following categories:

 

Level 1: Defined as observable inputs, such as quoted (unadjusted) prices in active markets for identical assets or liabilities.
   
Level 2: Defined as observable inputs other than quoted prices included in Level 1. This includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
   
Level 3: Defined as unobservable inputs to the valuation methodology that are supported by little or no market activity and that are significant to the measurement of the fair value of the assets or liabilities. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, as well as significant management judgment or estimation.

 

Recent Accounting Pronouncements

 

In May 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-09 “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). Subsequently FASB has released several updates to ASU 2014-09 including ASU 2016-20, ASU 2016-12, ASU-2016-10, ASU-2016-08, and ASU-2015-14. The effective date for ASU 2014-09 will be the first quarter of fiscal year 2018 with early adoption permitted in the first quarter of fiscal year 2017. During the three-month period ended June 30, 2017, the Company completed a detailed review of the Topic 606 standard relative to our revenue recognition policies and practice. From this review we have developed a plan for extensive further review which we intend to complete by September 30, 2017. However, at this time we believe that adoption of this standard will not have a material effect on either our historical financial results or future financial results.

XML 20 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
Property and Equipment
6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

 

Property and equipment was:

 

    June 30, 2017     December 31,2016  
Equipment   $ 184,600     $ 258,700  
Furniture     3,600       190,600  
Leasehold improvements     167,600       167,600  
      355,800       616,900  
Less: accumulated depreciation and amortization     307,100       473,600  
    $ 48,700     $ 143,300  

 

Aggregate property and equipment depreciation and amortization expense was $15,100 during the three-month period ended June 30, 2017, and $33,200 during the six-month period ended June 30, 2017. During the six month period ended June 30, 2017, we disposed equipment and furniture with a combined net book value of $61,300.

XML 21 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation
6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation

5. Stock-Based Compensation

 

The following table summarizes the stock-based compensation expense, for the three and six-month periods ended June 30, 2017 and 2016, respectively, by classification:

 

    Three Months Ended June 30,     Six Months Ended June 30,  
Statement of Operations Classification   2017     2016     2017     2016  
Costs of revenue   $ -     $ 100     $ -     $ 3,200  
Selling and marketing expense     100       50,300       200       64,400  
General and administrative expense     3,100       41,900       18,100       95,000  
Research and development expense     100       51,200       200       67,100  
    $ 3,300     $ 143,500     $ 18,500     $ 229,700  

XML 22 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
Revenue
6 Months Ended
Jun. 30, 2017
Revenue Tables  
Revenue

6. Revenue

 

Revenue for the three-month periods ended June 30, 2017 and 2016 was:

 

          2017 Over (Under) 2016  
Revenue     2017       2016       Dollars       Percent  
Software Licenses                                
Windows   $ 296,500     $ 261,600     $ 34,900       13.3 %
UNIX/Linux     44,100       60,800       (16,700 )     -27.5 %
      340,600       322,400       18,200       5.6 %
Software Service Fees                                
Windows     434,900       470,500       (35,600 )     -7.6 %
UNIX/Linux     135,000       155,000       (20,000 )     -12.9 %
      569,900       625,500       (55,600 )     -8.9 %
Other     14,300       10,700       3,600       33.6 %
Total Revenue   $ 924,800     $ 958,600     $ (33,800 )     -3.5 %

 

Revenue for the six-month periods ended June 30, 2017 and 2016 was:

 

          2017 Over (Under) 2016  
Revenue   2017     2016     Dollars     Percent  
Software Licenses                                
Windows   $ 579,500     $ 551,700     $ 27,800       5.0 %
UNIX/Linux     152,100       145,200       6,900       4.8 %
      731,600       696,900       34,700       5.0 %
Software Service Fees                                
Windows     879,100       922,500       (43,400 )     -4.7 %
UNIX/Linux     271,800       324,300       (52,500 )     -16.2 %
      1,150,900       1,246,800       (95,900 )     -7.7 %
Other     24,800       22,200       2,600       11.7 %
Total Revenue   $ 1,907,300     $ 1,965,900     $ (58,600 )     -3.0 %

XML 23 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Costs of Revenue
6 Months Ended
Jun. 30, 2017
Cost of Revenue [Abstract]  
Costs of Revenue

7. Costs of Revenue

 

Costs of revenue for the three-month periods ended June 30, 2017 and 2016 were:

 

          2017 Over (Under) 2016  
    2017     2016     Dollars     Percent  
Software service costs   $ 15,500     $ 36,600     $ (21,100 )     -57.7 %
Software product costs     2,800       30,800       (28,000 )     -90.9 %
    $ 18,300     $ 67,400     $ (49,100 )     -72.8 %

 

Costs of revenue for the six-month periods ended June 30, 2017 and 2016 were:

 

          2017 Over (Under) 2016  
    2017     2016     Dollars     Percent  
Software service costs   $ 31,000     $ 76,000     $ (45,000 )     -59.2 %
Software product costs     6,100       45,200       (39,100 )     -86.5 %
    $ 37,100     $ 121,200     $ (84,100 )     -69.4 %

XML 24 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies
6 Months Ended
Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

8. Commitments and Contingencies

 

On February 1, 2014, we had previously relocated our corporate offices to a larger suite within our landlord’s office complex in Campbell, California. We are currently leasing 10,659 square feet under a five-year lease that, unless renewed, will expire in October 2018.

 

On August 11, 2015 we entered into a sublease agreement to sublease the entirety of the South Bascom office space to a third party. The term of the sublease extends from November 1, 2015 through the end of our office lease term for that space in October, 2018. The monthly rent payments due to hopTo under this sublease fully offset the monthly rent payments due to the landlord under hopTo’s lease for that space.

 

On August 24, 2015, we entered into a new office lease for our corporate headquarters in Campbell, California which became effective on October 1, 2015, is better suited to our California operations and results in significant monthly savings. The term of this lease is from October 1, 2015 through September 30, 2018.

 

On April 28, 2017, we entered into a sublease agreement to sublease the entirety of the leased space at 51 East Campbell Avenue to a third party. The term of the sublease began on June 1, 2017 and extends through the end of our office lease term for that space. The monthly rent payments due to hopTo will offset approximately 62% of the monthly rent payments due to the landlord under hopTo’s lease for that space. During the three-month period ended June 30, 2017, we relocated our headquarters to our Concord, New Hampshire, offices where the GO-Global team operates under a longstanding lease agreement.

 

The following table sets forth the minimum lease payments we will be required to make throughout the remainder of the lease:

 

    Lease
Payments
    Sublease Receipts     Total  
Remainder of 2017   $ 297,200     $ (275,800 )   $ 21,400  
2018     475,400       (461,500 )     14,000  
    $ 772,600     $ 737,300 )   $ 35,400  

XML 25 R15.htm IDEA: XBRL DOCUMENT v3.7.0.1
Supplemental Disclosure of Cash Flow Information
6 Months Ended
Jun. 30, 2017
Supplemental Cash Flow Elements [Abstract]  
Supplemental Disclosure of Cash Flow Information

9. Supplemental Disclosure of Cash Flow Information

 

We disbursed $300 and $600 for the payment of interest expense during the six-month periods ended June 30, 2017 and 2016, respectively.

 

We disbursed $1,300 and $800 for the payment of income taxes during the six-month periods ended June 30, 2017 and 2016, respectively. Such disbursement was made for the payment of foreign income taxes related to the operation of our Israeli subsidiary, GraphOn Research Labs, Ltd.

XML 26 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

10. Earnings (Loss) Per Share

 

Earnings or loss per share is calculated by dividing the net income or loss for the period by the weighted average number of shares of common stock outstanding during the period. Diluted earnings or loss per share (“Diluted EPS”) is calculated by dividing the net income or loss for the period by the total of the weighted average number of shares of common stock outstanding during the period plus the effects of any dilutive securities. Diluted EPS considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of such potential shares of common stock would have an anti-dilutive effect. During all periods presented in our Condensed Consolidated Statements of Operations, potentially dilutive securities included shares of common stock potentially issuable upon exercise of stock options, release of unvested restricted stock awards and exercise of warrants. Diluted EPS excludes the impact of potential issuance of shares of common stock related to our stock options in periods in which the exercise price of the stock option is greater than the average market price of our common stock during such periods.

 

For the three-month periods ended June 30, 2017 and 2016, 1,375,509 and 2,214,709 shares of common stock equivalents, respectively, were excluded from the computation of dilutive loss per share since their effect would be anti-dilutive.

  

For the six-month periods ended June 30, 2017 and 2016, 1,375,509 and 2,214,709 shares of common stock equivalents, respectively, were excluded from the computation of dilutive loss per share since their effect would be anti-dilutive.

XML 27 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segment Information

11. Segment Information

 

Revenue by country for the three-month and six-month periods ended June 30, 2017 and 2016 was as follows:

 

  Three Months Ended June 30,     Six Months Ended June 30,
  2017     2016     2017     2016
United States $ 275,100     $ 365,600     $ 624,900     $ 787,200
Brazil   234,000       155,300       362,400       295,200
Other countries   415,700       437,700       920,000       883,500
  $ 924,800     $ 958,600     $ 1,907,300     $ 1,965,900

XML 28 R18.htm IDEA: XBRL DOCUMENT v3.7.0.1
Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events

12. Subsequent Events

 

Eldad Eilam, President, CEO, and Director of the Company resigned as President and CEO effective July 28, 2017. Mr. Eilam will continue to serve on the board of directors of the Company. On June 30, 2017, the board appointed Jean-Louis Casabonne, the CFO and Secretary of the Company, to serve as the Company’s interim CEO, in addition to his current duties, effective as of the date of Mr. Eilam’s resignation. On August 4, 2017, Jean-Louis Casabonne agreed with the Company to remain in his current office, based on a significantly reduced time commitment, on a month to month basis, at his current compensation rate under his existing employment agreement, but pro-rated for the reduction in his time commitment to the Company. The board is currently in the process of conducting a search for a new CEO and a new CFO.

 

On August 2, 2017, Sam M. Auriemma, Ashfaq Munshi, and Jeremy Verba, each a director of the Company, resigned from the board of directors of the Company effective immediately. The resignations were not because of a disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Company’s operations, policies or practices. The Company’s reduced operations do not, in the Company’s judgment, require a six member board of directors. The remaining directors on the Company’s board are John Cronin, Michael Brochu and Eldad Eilam. On August 4, 2017, the board elected Mr. Cronin to be the Chairman of the board effective immediately.

XML 29 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Significant Accounting Policies (Policies)
6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates include: the amount of stock-based compensation expense; the allowance for doubtful accounts; the estimated lives, valuation, and amortization of intangible assets (including capitalized software); depreciation of long-lived assets; valuation of warrants; post-employment benefits, and accruals for liabilities. While we believe that such estimates are fair, actual results could differ materially from those estimates.

Revenue Recognition

Revenue Recognition

 

We market and license our products indirectly through channel distributors, independent software vendors (“ISVs”), value-added resellers (“VARs”) (collectively, “resellers”) and directly to corporate enterprises, governmental and educational institutions and others. Our product licenses are perpetual. We also separately sell intellectual property licenses, maintenance contracts, which are comprised of license updates and customer service access, as well as other products and services.

 

Software license revenues are recognized when:

 

  Persuasive evidence of an arrangement exists, (i.e., when we sign a non-cancellable license agreement wherein the customer acknowledges an unconditional obligation to pay, or upon receipt of the customer’s purchase order), and
     
  Delivery has occurred or services have been rendered and there are no uncertainties surrounding product acceptance (i.e., when title and risk of loss have been transferred to the customer, which occurs when the media containing the licensed program(s) is provided to a common carrier or, in the case of electronic delivery, when the customer is given access to the licensed program(s)), and
     
  The price to the customer is fixed or determinable, as typically evidenced in a signed non-cancellable contract, or a customer’s purchase order, and
     
  Collectability is probable. If collectability is not considered probable, revenue is recognized when the fee is collected.

 

Revenue recognized on software arrangements involving multiple deliverables is allocated to each deliverable based on vendor-specific objective evidence (“VSOE”) or third party evidence of the fair values of each deliverable; such deliverables include licenses for software products, maintenance, private labeling fees, and customer training. We limit our assessment of VSOE for each deliverable to either the price charged when the same deliverable is sold separately or the price established by management having the relevant authority to do so, for a deliverable not yet sold separately.

 

If sufficient VSOE of the fair value does not exist so as to permit the allocation of revenue to the various elements of the arrangement, all revenue from the arrangement is deferred until such evidence exists or until all elements are delivered. If VSOE of the fair value does not exist, and the only undelivered element is maintenance, then we recognize revenue on a ratable basis. If VSOE of the fair value of all undelivered elements exists but does not exist for one or more delivered elements, then revenue is recognized using the residual method. Under the residual method, the fair value of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue.

 

Certain resellers (“stocking resellers”) purchase product licenses that they hold in inventory until they are resold to the ultimate end user (an “inventory stocking order”). At the time that a stocking reseller places an inventory stocking order, no product licenses are shipped by us to the stocking reseller; rather, the stocking reseller’s inventory is credited with the number of licenses purchased and the stocking reseller can resell (issue) any number of licenses from their inventory at any time. Upon receipt of an order to issue a license(s) from a stocking reseller’s inventory (a “draw down order”), we will ship the license(s) in accordance with the draw down order’s instructions. We defer recognition of revenue from inventory stocking orders until the underlying licenses are sold and shipped to the end user, as evidenced by the receipt and fulfillment of the stocking reseller’s draw down order, assuming all other revenue recognition criteria have been met.

 

There are no rights of return granted to resellers or other purchasers of our software products.

 

Revenue from maintenance contracts is recognized ratably over the related contract period, which generally ranges from one to five years.

 

All of our software licenses are denominated in U.S. dollars.

Deferred Rent

Deferred Rent

 

The leases for both the Company’s subleased former offices in Campbell, California contain free rent and predetermined fixed escalations in our minimum rent payments. Rent expense related to these leases is recognized on a straight-line basis over the terms of the leases. Any difference between the straight-line rent amounts and amounts payable under the leases is recorded as part of deferred rent in current or long-term liabilities, as appropriate. The monthly rent payments due to the Company for the sublease of the office at 1919 S. Bascom Avenue fully offsets the rent payments due under the Company’s lease for that space. The monthly rent payments due to the Company for the sublease of the office at 51 East Campbell Avenue will offset approximately 62% of the monthly rent payments due to the landlord under the Company’s lease for that space. The Company has vacated this facility but has determined the accrual of the difference between the lease and sublease payments to be immaterial.

 

Incentives received upon entering into the lease agreement are recognized on a straight-line basis as a reduction to rent over the term of the lease. The unamortized portion of these incentives are recorded as a part of deferred rent in current or long-term liabilities, as appropriate.

Long-Lived Assets

Long-Lived Assets

 

Long-lived assets are assessed for possible impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable, whenever we have committed to a plan to dispose of the assets or, at a minimum, annually. Typically, for long-lived assets to be held and used, measurement of an impairment loss is based on the fair value of such assets, with fair value being determined based on appraisals, current market value, comparable sales value, and discounted future cash flows, among other variables, as appropriate. Assets to be held and used (which assets are affected by an impairment loss) are depreciated or amortized at their new carrying amount over their remaining estimated life; assets to be sold or otherwise disposed of are not subject to further depreciation or amortization. During the three month period ended June 30, 2016, we determined that an impairment of $15,500 existed with certain capitalized software development costs associated with our hopTo Work product and recognized that cost as part of cost of revenue. No such impairment charge was recorded during either of the three or six-month periods ended June 30, 2017.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts

 

We maintain an allowance for doubtful accounts that reflects our best estimate of potentially uncollectible trade receivables. The allowance is based on assessments of the collectability of specific customer accounts and the general aging and size of the accounts receivable. We regularly review the adequacy of our allowance for doubtful accounts by considering such factors as historical experience, credit worthiness, and current economic conditions that may affect a customer’s ability to pay. We specifically reserve for those accounts deemed uncollectible. We also establish, and adjust, a general allowance for doubtful accounts based on our review of the aging and size of our accounts receivable.

 

The following table sets forth the details of the Allowance for Doubtful Accounts for the three-month periods ended June 30, 2017 and 2016:

 

    Beginning
Balance
    Charge Offs     Recoveries     Provision     Ending Balance  
2017   $ 5,000     $     $     $ 10,300     $ 15,300  
2016     14,800                   100       14,900  

 

The following table sets forth the details of the Allowance for Doubtful Accounts for the six-month periods ended June 30, 2017 and 2016:

 

    Beginning Balance     Charge Offs     Recoveries     Provision     Ending Balance  
2017   $ 7,700     $     $     $ 7,600     $ 15,300  
2016     17,300                   (2,400 )     14,900  

Concentration of Credit Risk

Concentration of Credit Risk

 

For the three and six-month periods ended June 30, 2017 and 2016, respectively, we considered the customers listed in the following tables to be our most significant customers. The tables set forth the percentage of sales attributable to each customer during the periods presented, and the respective customer’s ending accounts receivable balance as a percentage of reported accounts receivable, net, as of June 30, 2017 and 2016.

 

    Three Months
Ended
 June 30, 2017
    As of
June 30, 2017
    Three Months Ended  
June 30, 2016  
 
Customer   Sales     Accounts Receivable     Sales     Accounts Receivable  
Alcatel-Lucent     9.1 %     16.2 %     5.3 %     0.7 %
Centric     4.9 %     5.4 %     7.3 %     16.2 %
Condulent     9.2 %     2.9 %     6.4 %     0.1 %
Elosoft     17.3 %     12.8 %     8.1 %     5.4 %
Total     40.5 %     54.5 %     27.1 %     22.4 %

 

    Six Months Ended
June 30, 2017
    As of June 30, 2017     Six Months Ended
 June 30, 2016  
 
Customer   Sales     Accounts Receivable     Sales     Accounts Receivable  
Alcatel-Lucent     5.5 %     20.0 %     5.7 %     0.7 %
Centric     4.9 %     10.1 %     6.8 %     16.2 %
Condulent     5.1 %     20.2 %     4.1 %     0.1 %
Elosoft     13.8 %     4.2 %     8.1 %     5.4 %
Total     29.3 %     54.5 %     24.7 %     22.4 %

Fair Value of Financial Instruments

Fair Value of Financial Instruments

 

The fair value of our accounts receivable, accounts payable and accrued liabilities approximate their carrying amounts due to the relative short maturities of these items.

 

The fair value of warrants at issuance and for those recorded as a liability at each reporting date are determined in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurement,” which establishes a fair value hierarchy that prioritizes the assumptions (inputs) to valuation techniques used to price assets or liabilities that are measured at fair value. The hierarchy, as defined below, gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The guidance for fair value measurements requires that assets, liabilities and certain equity instruments measured at fair value be classified and disclosed in one of the following categories:

 

Level 1: Defined as observable inputs, such as quoted (unadjusted) prices in active markets for identical assets or liabilities.
   
Level 2: Defined as observable inputs other than quoted prices included in Level 1. This includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
   
Level 3: Defined as unobservable inputs to the valuation methodology that are supported by little or no market activity and that are significant to the measurement of the fair value of the assets or liabilities. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, as well as significant management judgment or estimation.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

In May 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-09 “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). Subsequently FASB has released several updates to ASU 2014-09 including ASU 2016-20, ASU 2016-12, ASU-2016-10, ASU-2016-08, and ASU-2015-14. The effective date for ASU 2014-09 will be the first quarter of fiscal year 2018 with early adoption permitted in the first quarter of fiscal year 2017. During the three-month period ended June 30, 2017, the Company completed a detailed review of the Topic 606 standard relative to our revenue recognition policies and practice. From this review we have developed a plan for extensive further review which we intend to complete by September 30, 2017. However, at this time we believe that adoption of this standard will not have a material effect on either our historical financial results or future financial results.

XML 30 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Schedule of Allowance for Doubtful Accounts

The following table sets forth the details of the Allowance for Doubtful Accounts for the three-month periods ended June 30, 2017 and 2016:

 

    Beginning
Balance
    Charge Offs     Recoveries     Provision     Ending Balance  
2017   $ 5,000     $     $     $ 10,300     $ 15,300  
2016     14,800                   100       14,900  

 

The following table sets forth the details of the Allowance for Doubtful Accounts for the six-month periods ended June 30, 2017 and 2016:

 

    Beginning Balance     Charge Offs     Recoveries     Provision     Ending Balance  
2017   $ 7,700     $     $     $ 7,600     $ 15,300  
2016     17,300                   (2,400 )     14,900  

Schedule of Concentration of Credit Risk

The tables set forth the percentage of sales attributable to each customer during the periods presented, and the respective customer’s ending accounts receivable balance as a percentage of reported accounts receivable, net, as of June 30, 2017 and 2016.

 

    Three Months
Ended
 June 30, 2017
    As of
June 30, 2017
    Three Months Ended  
June 30, 2016  
 
Customer   Sales     Accounts Receivable     Sales     Accounts Receivable  
Alcatel-Lucent     9.1 %     16.2 %     5.3 %     0.7 %
Centric     4.9 %     5.4 %     7.3 %     16.2 %
Condulent     9.2 %     2.9 %     6.4 %     0.1 %
Elosoft     17.3 %     12.8 %     8.1 %     5.4 %
Total     40.5 %     54.5 %     27.1 %     22.4 %

 

    Six Months Ended
June 30, 2017
    As of June 30, 2017     Six Months Ended
 June 30, 2016  
 
Customer   Sales     Accounts Receivable     Sales     Accounts Receivable  
Alcatel-Lucent     5.5 %     20.0 %     5.7 %     0.7 %
Centric     4.9 %     10.1 %     6.8 %     16.2 %
Condulent     5.1 %     20.2 %     4.1 %     0.1 %
Elosoft     13.8 %     4.2 %     8.1 %     5.4 %
Total     29.3 %     54.5 %     24.7 %     22.4 %

XML 31 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment was:

 

    June 30, 2017     December 31,2016  
Equipment   $ 184,600     $ 258,700  
Furniture     3,600       190,600  
Leasehold improvements     167,600       167,600  
      355,800       616,900  
Less: accumulated depreciation and amortization     307,100       473,600  
    $ 48,700     $ 143,300  

XML 32 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock-Based Compensation Expense

The following table summarizes the stock-based compensation expense, for the three and six-month periods ended June 30, 2017 and 2016, respectively, by classification:

 

    Three Months Ended June 30,     Six Months Ended June 30,  
Statement of Operations Classification   2017     2016     2017     2016  
Costs of revenue   $ -     $ 100     $ -     $ 3,200  
Selling and marketing expense     100       50,300       200       64,400  
General and administrative expense     3,100       41,900       18,100       95,000  
Research and development expense     100       51,200       200       67,100  
    $ 3,300     $ 143,500     $ 18,500     $ 229,700  

XML 33 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Revenue (Tables)
6 Months Ended
Jun. 30, 2017
Revenue Tables  
Schedule of Revenue

Revenue for the three-month periods ended June 30, 2017 and 2016 was:

 

          2017 Over (Under) 2016  
Revenue     2017       2016       Dollars       Percent  
Software Licenses                                
Windows   $ 296,500     $ 261,600     $ 34,900       13.3 %
UNIX/Linux     44,100       60,800       (16,700 )     -27.5 %
      340,600       322,400       18,200       5.6 %
Software Service Fees                                
Windows     434,900       470,500       (35,600 )     -7.6 %
UNIX/Linux     135,000       155,000       (20,000 )     -12.9 %
      569,900       625,500       (55,600 )     -8.9 %
Other     14,300       10,700       3,600       33.6 %
Total Revenue   $ 924,800     $ 958,600     $ (33,800 )     -3.5 %

 

Revenue for the six-month periods ended June 30, 2017 and 2016 was:

 

          2017 Over (Under) 2016  
Revenue   2017     2016     Dollars     Percent  
Software Licenses                                
Windows   $ 579,500     $ 551,700     $ 27,800       5.0 %
UNIX/Linux     152,100       145,200       6,900       4.8 %
      731,600       696,900       34,700       5.0 %
Software Service Fees                                
Windows     879,100       922,500       (43,400 )     -4.7 %
UNIX/Linux     271,800       324,300       (52,500 )     -16.2 %
      1,150,900       1,246,800       (95,900 )     -7.7 %
Other     24,800       22,200       2,600       11.7 %
Total Revenue   $ 1,907,300     $ 1,965,900     $ (58,600 )     -3.0 %

XML 34 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Costs of Revenue (Tables)
6 Months Ended
Jun. 30, 2017
Cost of Revenue [Abstract]  
Schedule of Cost of Revenue

Costs of revenue for the three-month periods ended June 30, 2017 and 2016 were:

 

          2017 Over (Under) 2016  
    2017     2016     Dollars     Percent  
Software service costs   $ 15,500     $ 36,600     $ (21,100 )     -57.7 %
Software product costs     2,800       30,800       (28,000 )     -90.9 %
    $ 18,300     $ 67,400     $ (49,100 )     -72.8 %

 

Costs of revenue for the six-month periods ended June 30, 2017 and 2016 were:

 

          2017 Over (Under) 2016  
    2017     2016     Dollars     Percent  
Software service costs   $ 31,000     $ 76,000     $ (45,000 )     -59.2 %
Software product costs     6,100       45,200       (39,100 )     -86.5 %
    $ 37,100     $ 121,200     $ (84,100 )     -69.4 %

XML 35 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Payments

The following table sets forth the minimum lease payments we will be required to make throughout the remainder of the lease:

 

    Lease
Payments
    Sublease Receipts     Total  
Remainder of 2017   $ 297,200     $ (275,800 )   $ 21,400  
2018     475,400       (461,500 )     14,000  
    $ 772,600     $ 737,300 )   $ 35,400  

XML 36 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Schedule of Revenue by Country

Revenue by country for the three-month and six-month periods ended June 30, 2017 and 2016 was as follows:

 

  Three Months Ended June 30,     Six Months Ended June 30,
  2017     2016     2017     2016
United States $ 275,100     $ 365,600     $ 624,900     $ 787,200
Brazil   234,000       155,300       362,400       295,200
Other countries   415,700       437,700       920,000       883,500
  $ 924,800     $ 958,600     $ 1,907,300     $ 1,965,900

XML 37 R27.htm IDEA: XBRL DOCUMENT v3.7.0.1
Going Concern and Management's Liquidity Plans (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]          
Net loss $ 12,500 $ 437,600 $ 166,200 $ 1,412,500  
Accumulated deficit 82,616,000   82,616,000   $ 82,449,800
Working capital deficit $ 2,583,600   $ 2,583,600    
Compensation description     During the three month period ended September 30, 2016, our then current CEO and CFO voluntarily agreed with our board of directors to defer 50% of their salary beginning September 1, 2016 until such time as the Company can reasonably pay such compensation upon approval by the board of directors    
XML 38 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
Significant Accounting Policies (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2017
Jun. 30, 2016
Accounting Policies [Abstract]      
Monthly rent payments, percentage   62.00%  
Impairment of capitalized computer software   $ 15,500
Impairment charges of long-lived assets
XML 39 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
Significant Accounting Policies - Schedule of Allowance for Doubtful Accounts (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Accounting Policies [Abstract]        
Beginning balance $ 5,000 $ 14,800 $ 7,700 $ 17,300
Charge offs
Recoveries
Provision 10,300 100 7,600 (2,400)
Ending balance $ 15,300 $ 14,900 $ 15,300 $ 14,900
XML 40 R30.htm IDEA: XBRL DOCUMENT v3.7.0.1
Significant Accounting Policies - Schedule of Concentration of Credit Risk (Details) - Customer Concentration Risk [Member]
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Sales Revenue, Net [Member]        
Percentage of Concentration of Credit Risk 40.50% 27.10% 29.30% 24.70%
Sales Revenue, Net [Member] | Alcatel-Lucent [Member]        
Percentage of Concentration of Credit Risk 9.10% 5.30% 5.50% 5.70%
Sales Revenue, Net [Member] | Centric [Member]        
Percentage of Concentration of Credit Risk 4.90% 7.30% 4.90% 6.80%
Sales Revenue, Net [Member] | Condulent [Member]        
Percentage of Concentration of Credit Risk 9.20% 6.40% 5.10% 4.10%
Sales Revenue, Net [Member] | Elosoft [Member]        
Percentage of Concentration of Credit Risk 17.30% 8.10% 13.80% 8.10%
Accounts Receivable [Member]        
Percentage of Concentration of Credit Risk 54.50% 22.40% 54.50% 22.40%
Accounts Receivable [Member] | Alcatel-Lucent [Member]        
Percentage of Concentration of Credit Risk 16.20% 0.70% 20.00% 0.70%
Accounts Receivable [Member] | Centric [Member]        
Percentage of Concentration of Credit Risk 5.40% 16.20% 10.10% 16.20%
Accounts Receivable [Member] | Condulent [Member]        
Percentage of Concentration of Credit Risk 2.90% 0.10% 20.20% 0.10%
Accounts Receivable [Member] | Elosoft [Member]        
Percentage of Concentration of Credit Risk 1285.00% 5.40% 4.20% 5.40%
XML 41 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1
Property and Equipment (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2017
Property, Plant and Equipment [Abstract]    
Depreciation $ 15,100 $ 33,200
Disposed of equipment   $ 61,300
XML 42 R32.htm IDEA: XBRL DOCUMENT v3.7.0.1
Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Property and equipment gross $ 355,800 $ 616,900
Less: accumulated depreciation and amortization 307,100 473,600
Property and equipment net 48,700 143,300
Equipment [Member]    
Property and equipment gross 184,600 258,700
Furniture [Member]    
Property and equipment gross 3,600 190,600
Leasehold Improvements [Member]    
Property and equipment gross $ 167,600 $ 167,600
XML 43 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation - Summary Of Stock-Based Compensation Expense (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Compensation expense $ 3,300 $ 143,500 $ 18,500 $ 229,700
Costs of Revenue [Member]        
Compensation expense 100 3,200
Selling and Marketing Expense [Member]        
Compensation expense 100 50,300 200 64,400
General and Administrative Expense [Member]        
Compensation expense 3,100 41,900 18,100 95,000
Research and Development Expense [Member]        
Compensation expense $ 100 $ 51,200 $ 200 $ 67,100
XML 44 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1
Revenue - Schedule of Revenue (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]        
Other $ 14,300 $ 10,700 $ 24,800 $ 22,200
Increase (Decrease) in Other $ 3,600   $ 2,600  
Increase (Decrease) in Other, Percentage 33.60%   11.70%  
Total Revenue $ 924,800 958,600 $ 1,907,300 1,965,900
Increase (Decrease) in Total Revenue $ (33,800)   $ (58,600)  
Increase (Decrease) in Total Revenue (3.50%)   (3.00%)  
Software Licenses [Member]        
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]        
Software Licenses $ 340,600 322,400 $ 731,600 696,900
Increase (Decrease) in Software Licenses $ 18,200   $ 34,700  
Increase (Decrease) in Software Licenses, Percentage 5.60%   5.00%  
Software Service Fees $ 569,900 625,500 $ 1,150,900 1,246,800
Increase (Decrease) in Software Service Fees $ (55,600)   $ (95,900)  
Increase (Decrease) in Software Service Fees, Percentage (8.90%)   (7.70%)  
Software Licenses [Member] | Windows [Member]        
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]        
Software Licenses $ 296,500 261,600 $ 579,500 551,700
Increase (Decrease) in Software Licenses $ 34,900   $ 27,800  
Increase (Decrease) in Software Licenses, Percentage 13.30%   5.00%  
Software Service Fees $ 434,900 470,500 $ 879,100 922,500
Increase (Decrease) in Software Service Fees $ (35,600)   $ (43,400)  
Increase (Decrease) in Software Service Fees, Percentage (7.60%)   (4.70%)  
Software Licenses [Member] | Unix Linux [Member]        
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]        
Software Licenses $ 44,100 60,800 $ 152,100 145,200
Increase (Decrease) in Software Licenses $ (16,700)   $ 6,900  
Increase (Decrease) in Software Licenses, Percentage (27.50%)   4.80%  
Software Service Fees $ 135,000 $ 155,000 $ 271,800 $ 324,300
Increase (Decrease) in Software Service Fees $ (20,000)   $ (52,500)  
Increase (Decrease) in Software Service Fees, Percentage (12.90%)   (16.20%)  
XML 45 R35.htm IDEA: XBRL DOCUMENT v3.7.0.1
Costs of Revenue - Schedule of Cost of Revenue (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Costs of Revenue $ 18,300 $ 67,400 $ 37,100 $ 121,200
Increase (Decrease) in Costs of Revenue $ (49,100)   $ (84,100)  
Increase (Decrease) in Costs of Revenue, Percentage (72.80%)   (69.40%)  
Software Service Costs [Member]        
Costs of Revenue $ 15,500 36,600 $ 31,000 76,000
Increase (Decrease) in Costs of Revenue $ (211,000)   $ (45,000)  
Increase (Decrease) in Costs of Revenue, Percentage 57.70%   (59.20%)  
Software Product Costs [Member]        
Costs of Revenue $ 2,800 $ 30,800 $ 6,100 $ 45,200
Increase (Decrease) in Costs of Revenue $ (28,000)   $ (39,100)  
Increase (Decrease) in Costs of Revenue, Percentage (90.90%)   (86.50%)  
XML 46 R36.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies (Details Narrative) - ft²
6 Months Ended
Apr. 28, 2014
Feb. 01, 2014
Jun. 30, 2017
Monthly rent payments, percentage     62.00%
Campbell Facility [Member]      
Lease square feet   10,659  
Lease term   5 years  
Lease expire date   2018-10  
Campbell Facility [Member] | Sublease Agreement [Member]      
Monthly rent payments, percentage 62.00%    
Lease description The term of the sublease began on June 1, 2017 and extends through the end of our office lease term for that space. The monthly rent payments due to hopTo will offset approximately 62% of the monthly rent payments due to the landlord under hopTo’s lease for that space.    
XML 47 R37.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details)
Jun. 30, 2017
USD ($)
Remainder of 2017 $ 21,400
2018 14,000
Total 35,400
Lease Payments [Member]  
Remainder of 2017 297,200
2018 475,400
Total 772,600
Sublease Receipts [Member]  
Remainder of 2017 (275,800)
2018 (461,500)
Total $ (737,300)
XML 48 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
Supplemental Disclosure of Cash Flow Information (Details Narrative) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]    
Payment of interest expense $ 300 $ 600
Payment of income taxes $ 1,300 $ 800
XML 49 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings (Loss) Per Share (Details Narrative) - shares
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Earnings Per Share [Abstract]        
Antidilutive securities 1,375,509 2,214,709 1,375,509 2,214,709
XML 50 R40.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information - Schedule of Revenue by Country (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue by country $ 924,800 $ 958,600 $ 1,907,300 $ 1,965,900
United States [Member]        
Revenue by country 275,100 365,600 624,900 787,200
Brazil [Member]        
Revenue by country 234,000 155,300 362,400 295,200
Other Countries [Member]        
Revenue by country $ 415,700 $ 437,700 $ 920,000 $ 883,500
EXCEL 51 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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
  •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how.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 53 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 55 FilingSummary.xml IDEA: XBRL DOCUMENT 3.7.0.1 html 132 151 1 false 30 0 false 5 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://hopto.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Consolidated Balance Sheets Sheet http://hopto.com/role/BalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://hopto.com/role/BalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) Sheet http://hopto.com/role/StatementsOfOperations Condensed Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Condensed Consolidated Statements of Stockholders' Equity (Unaudited) Sheet http://hopto.com/role/StatementsOfStockholdersEquity Condensed Consolidated Statements of Stockholders' Equity (Unaudited) Statements 5 false false R6.htm 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://hopto.com/role/StatementsOfCashFlows Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 00000007 - Disclosure - Basis of Presentation Sheet http://hopto.com/role/BasisOfPresentation Basis of Presentation Notes 7 false false R8.htm 00000008 - Disclosure - Going Concern and Management's Liquidity Plans Sheet http://hopto.com/role/GoingConcernAndManagementsLiquidityPlans Going Concern and Management's Liquidity Plans Notes 8 false false R9.htm 00000009 - Disclosure - Significant Accounting Policies Sheet http://hopto.com/role/SignificantAccountingPolicies Significant Accounting Policies Notes 9 false false R10.htm 00000010 - Disclosure - Property and Equipment Sheet http://hopto.com/role/PropertyAndEquipment Property and Equipment Notes 10 false false R11.htm 00000011 - Disclosure - Stock-Based Compensation Sheet http://hopto.com/role/Stock-basedCompensation Stock-Based Compensation Notes 11 false false R12.htm 00000012 - Disclosure - Revenue Sheet http://hopto.com/role/Revenue Revenue Notes 12 false false R13.htm 00000013 - Disclosure - Costs of Revenue Sheet http://hopto.com/role/CostsOfRevenue Costs of Revenue Notes 13 false false R14.htm 00000014 - Disclosure - Commitments and Contingencies Sheet http://hopto.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 14 false false R15.htm 00000015 - Disclosure - Supplemental Disclosure of Cash Flow Information Sheet http://hopto.com/role/SupplementalDisclosureOfCashFlowInformation Supplemental Disclosure of Cash Flow Information Notes 15 false false R16.htm 00000016 - Disclosure - Earnings (Loss) Per Share Sheet http://hopto.com/role/EarningsLossPerShare Earnings (Loss) Per Share Notes 16 false false R17.htm 00000017 - Disclosure - Segment Information Sheet http://hopto.com/role/SegmentInformation Segment Information Notes 17 false false R18.htm 00000018 - Disclosure - Subsequent Events Sheet http://hopto.com/role/SubsequentEvents Subsequent Events Notes 18 false false R19.htm 00000019 - Disclosure - Significant Accounting Policies (Policies) Sheet http://hopto.com/role/SignificantAccountingPoliciesPolicies Significant Accounting Policies (Policies) Policies http://hopto.com/role/SignificantAccountingPolicies 19 false false R20.htm 00000020 - Disclosure - Significant Accounting Policies (Tables) Sheet http://hopto.com/role/SignificantAccountingPoliciesTables Significant Accounting Policies (Tables) Tables http://hopto.com/role/SignificantAccountingPolicies 20 false false R21.htm 00000021 - Disclosure - Property and Equipment (Tables) Sheet http://hopto.com/role/PropertyAndEquipmentTables Property and Equipment (Tables) Tables http://hopto.com/role/PropertyAndEquipment 21 false false R22.htm 00000022 - Disclosure - Stock-Based Compensation (Tables) Sheet http://hopto.com/role/Stock-basedCompensationTables Stock-Based Compensation (Tables) Tables http://hopto.com/role/Stock-basedCompensation 22 false false R23.htm 00000023 - Disclosure - Revenue (Tables) Sheet http://hopto.com/role/RevenueTables Revenue (Tables) Tables http://hopto.com/role/Revenue 23 false false R24.htm 00000024 - Disclosure - Costs of Revenue (Tables) Sheet http://hopto.com/role/CostsOfRevenueTables Costs of Revenue (Tables) Tables http://hopto.com/role/CostsOfRevenue 24 false false R25.htm 00000025 - Disclosure - Commitments and Contingencies (Tables) Sheet http://hopto.com/role/CommitmentsAndContingenciesTables Commitments and Contingencies (Tables) Tables http://hopto.com/role/CommitmentsAndContingencies 25 false false R26.htm 00000026 - Disclosure - Segment Information (Tables) Sheet http://hopto.com/role/SegmentInformationTables Segment Information (Tables) Tables http://hopto.com/role/SegmentInformation 26 false false R27.htm 00000027 - Disclosure - Going Concern and Management's Liquidity Plans (Details Narrative) Sheet http://hopto.com/role/GoingConcernAndManagementsLiquidityPlansDetailsNarrative Going Concern and Management's Liquidity Plans (Details Narrative) Details http://hopto.com/role/GoingConcernAndManagementsLiquidityPlans 27 false false R28.htm 00000028 - Disclosure - Significant Accounting Policies (Details Narrative) Sheet http://hopto.com/role/SignificantAccountingPoliciesDetailsNarrative Significant Accounting Policies (Details Narrative) Details http://hopto.com/role/SignificantAccountingPoliciesTables 28 false false R29.htm 00000029 - Disclosure - Significant Accounting Policies - Schedule of Allowance for Doubtful Accounts (Details) Sheet http://hopto.com/role/SignificantAccountingPolicies-ScheduleOfAllowanceForDoubtfulAccountsDetails Significant Accounting Policies - Schedule of Allowance for Doubtful Accounts (Details) Details 29 false false R30.htm 00000030 - Disclosure - Significant Accounting Policies - Schedule of Concentration of Credit Risk (Details) Sheet http://hopto.com/role/SignificantAccountingPolicies-ScheduleOfConcentrationOfCreditRiskDetails Significant Accounting Policies - Schedule of Concentration of Credit Risk (Details) Details 30 false false R31.htm 00000031 - Disclosure - Property and Equipment (Details Narrative) Sheet http://hopto.com/role/PropertyAndEquipmentDetailsNarrative Property and Equipment (Details Narrative) Details http://hopto.com/role/PropertyAndEquipmentTables 31 false false R32.htm 00000032 - Disclosure - Property and Equipment - Schedule of Property and Equipment (Details) Sheet http://hopto.com/role/PropertyAndEquipment-ScheduleOfPropertyAndEquipmentDetails Property and Equipment - Schedule of Property and Equipment (Details) Details 32 false false R33.htm 00000033 - Disclosure - Stock-Based Compensation - Summary Of Stock-Based Compensation Expense (Details) Sheet http://hopto.com/role/Stock-basedCompensation-SummaryOfStock-basedCompensationExpenseDetails Stock-Based Compensation - Summary Of Stock-Based Compensation Expense (Details) Details 33 false false R34.htm 00000034 - Disclosure - Revenue - Schedule of Revenue (Details) Sheet http://hopto.com/role/Revenue-ScheduleOfRevenueDetails Revenue - Schedule of Revenue (Details) Details 34 false false R35.htm 00000035 - Disclosure - Costs of Revenue - Schedule of Cost of Revenue (Details) Sheet http://hopto.com/role/CostsOfRevenue-ScheduleOfCostOfRevenueDetails Costs of Revenue - Schedule of Cost of Revenue (Details) Details 35 false false R36.htm 00000036 - Disclosure - Commitments and Contingencies (Details Narrative) Sheet http://hopto.com/role/CommitmentsAndContingenciesDetailsNarrative Commitments and Contingencies (Details Narrative) Details http://hopto.com/role/CommitmentsAndContingenciesTables 36 false false R37.htm 00000037 - Disclosure - Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) Sheet http://hopto.com/role/CommitmentsAndContingencies-ScheduleOfFutureMinimumLeasePaymentsDetails Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) Details 37 false false R38.htm 00000038 - Disclosure - Supplemental Disclosure of Cash Flow Information (Details Narrative) Sheet http://hopto.com/role/SupplementalDisclosureOfCashFlowInformationDetailsNarrative Supplemental Disclosure of Cash Flow Information (Details Narrative) Details http://hopto.com/role/SupplementalDisclosureOfCashFlowInformation 38 false false R39.htm 00000039 - Disclosure - Earnings (Loss) Per Share (Details Narrative) Sheet http://hopto.com/role/EarningsLossPerShareDetailsNarrative Earnings (Loss) Per Share (Details Narrative) Details http://hopto.com/role/EarningsLossPerShare 39 false false R40.htm 00000040 - Disclosure - Segment Information - Schedule of Revenue by Country (Details) Sheet http://hopto.com/role/SegmentInformation-ScheduleOfRevenueByCountryDetails Segment Information - Schedule of Revenue by Country (Details) Details 40 false false All Reports Book All Reports htpo-20170630.xml htpo-20170630.xsd htpo-20170630_cal.xml htpo-20170630_def.xml htpo-20170630_lab.xml htpo-20170630_pre.xml true true ZIP 57 0001493152-17-009234-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-17-009234-xbrl.zip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end