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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 3,334,000 $ 1,652,000
Accounts receivable 1,566,000 1,967,000
Prepaid expenses 152,000 91,000
Total current assets 5,052,000 3,710,000
Property and Equipment:    
Equipment 1,138,000 881,000
Furniture and fixtures 43,000 43,000
Leasehold improvements 63,000 63,000
1,244,000 987,000
Accumulated depreciation and amortization (909,000) (787,000)
335,000 200,000
Finance leases, right-of-use assets, net 62,000 121,000
Operating leases, right-of-use assets, net 1,348,000
Other assets 38,000 38,000
TOTAL ASSETS 6,835,000 4,069,000
Current Liabilities:    
Accounts payable, trade 252,000 193,000
Accrued expenses 828,000 1,403,000
Dividends payable 20,000 594,000
Finance leases liabilities, current portion 43,000 58,000
Operating leases liabilities, current portion 284,000
Deferred revenue 516,000 1,004,000
Total current liabilities 1,943,000 3,252,000
Loan payable to officer 1,815,000
Finance leases liability, noncurrent portion 21,000 64,000
Operating leases liability, noncurrent portion 1,315,000
Commitments and contingencies
Stockholders’ Equity (Deficit):    
Common stock, $0.01 par value: Authorized shares — 80,000, Issued shares — 13,552 in 2019 and 13,259 in 2018, Outstanding shares — 13,542 in 2019 and 13,249 in 2018 136,000 133,000
Common stock held in treasury, at cost—10 shares (362,000) (362,000)
Additional paid-in-capital 56,759,000 56,609,000
Accumulated deficit (54,777,000) (59,242,000)
Accumulated other comprehensive loss (43,000) (43,000)
Total stockholders’ equity (deficit) 3,556,000 (1,062,000)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 6,835,000 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