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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 10,451,155 $ 8,275,836
Accounts receivable, net of allowance 1,945,280 2,287,921
Other current assets 596,558 549,821
Total current assets 12,992,993 11,113,578
Property and equipment, net 405,131 477,973
Operating lease right-to-use asset 2,245,896 2,380,974
Goodwill 1,954,460 1,954,460
Other assets 108,437 35,723
Total assets 17,706,917 15,962,708
Current liabilities:    
Unexpired subscription revenue 9,189,823 8,651,843
Accounts payable 47,541 137,500
Current portion of operating lease liability 158,117 147,229
Current portion of bank loan 1,102,833 0
Accrued expenses 1,135,506 1,344,550
Total current liabilities 11,633,820 10,281,122
Deferred taxes on income, net 397,528 521,765
Unexpired subscription revenue, less current portion 188,906 166,169
Bank loan, less current portion 458,667 0
Operating lease liability, less current portion 2,179,856 2,299,433
Total liabilities 14,858,777 13,268,489
Stockholders' equity:    
Preferred stock, $.01 par value; authorized 5,000,000 shares; none issued 0 0
Common stock, $.01 par value; authorized 32,500,000 shares; issued and outstanding 10,722,401 shares 107,224 107,224
Additional paid-in capital 29,747,939 29,705,673
Accumulated deficit (27,007,023) (27,118,678)
Total stockholders' equity 2,848,140 2,694,219
Total liabilities and stockholders' equity $ 17,706,917 $ 15,962,708