XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 2,111,000 $ 1,652,000
Accounts receivable 2,704,000 1,967,000
Prepaid expenses 136,000 91,000
Total current assets 4,951,000 3,710,000
Noncurrent Assets:    
Property and equipment, net 295,000 200,000
Finance leases, right-of-use assets, net 73,000 121,000
Operating lease, right-of-use assets, net 1,407,000
Other assets 38,000 38,000
Total noncurrent assets 1,813,000 359,000
TOTAL ASSETS 6,764,000 4,069,000
Current Liabilities:    
Accounts payable and accrued expenses 1,078,000 1,596,000
Dividends payable 32,000 594,000
Finance leases liability, current portion 43,000 58,000
Operating lease liability, current portion 277,000
Deferred revenue 643,000 1,004,000
Total current liabilities 2,073,000 3,252,000
Noncurrent Liabilities:    
Loan payable to officer 1,815,000
Finance leases liability, noncurrent portion 32,000 64,000
Operating lease liability, noncurrent portion 1,389,000
Total noncurrent liabilities 1,421,000 1,879,000
Commitments and contingencies
Stockholders’ equity (deficit):    
Common stock, $0.01 par value: Authorized shares - 80,000 Issued shares — 13,550 in 2019 and 13,259 in 2018 Outstanding shares — 13,540 in 2019 and 13,249 in 2018 135,000 133,000
Common stock held in treasury, at cost – 10 shares (362,000) (362,000)
Additional paid-in capital 56,770,000 56,609,000
Accumulated deficit (55,073,000) (59,242,000)
Accumulated other comprehensive loss (43,000) (43,000)
Total stockholders’ equity (deficit) 3,270,000 (1,062,000)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 6,764,000 4,069,000
Series 1 Preferred Stock [Member]    
Stockholders’ equity (deficit):    
Preferred stock 707,000 707,000
Series 2 Preferred Stock [Member]    
Stockholders’ equity (deficit):    
Preferred stock 724,000 724,000
Series 3 Preferred Stock [Member]    
Stockholders’ equity (deficit):    
Preferred stock $ 412,000 $ 412,000