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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 3,691,580 $ 1,721,343
Accounts receivable (net of allowance for doubtful accounts of $396,171 and $460,564, respectively) 1,453,602 2,013,464
Income tax receivable 399,991 151,102
Deferred income tax asset - current 91,118 7,290
Other current assets 206,765 160,564
Total current assets 5,843,056 4,053,763
Fixed assets, net 653,098 145,384
Goodwill 2,241,872 2,241,872
Intangible assets (net of accumulated amortization of $2,254,520 and $1,517,366, respectively) 2,996,480 3,733,634
Other noncurrent assets 28,741 28,286
Total assets 11,763,247 10,202,939
Current liabilities:    
Accounts payable 377,289 255,615
Accrued expenses 1,000,103 1,105,122
Income Tax Payable 90,872 135,533
Note payable - related party (net of debt discount of $535,397 at December 31, 2014) 0 1,131,276
Deferred revenue 881,678 877,120
Total current liabilities 2,349,942 3,504,666
Deferred tax liability 611,279 633,778
Other long-term liabilities 35,288 56,733
Total liabilities $ 2,996,509 $ 4,195,177
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value, 30,000,000 shares authorized, no shares issued and outstanding as of September 30, 2015 and December 31, 2014 $ 0 $ 0
Common stock $0.001 par value,100,000,000 shares authorized, 2,767,544 and 2,316,743 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively. 2,768 2,317
Additional paid-in capital 8,038,485 5,725,470
Accumulated other comprehensive loss (40,196) (47,283)
Retained earnings 765,681 327,258
Total stockholders' equity 8,766,738 6,007,762
Total liabilities and stockholders' equity $ 11,763,247 $ 10,202,939