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Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 5,589,295 $ 5,338,978
Accounts receivable (net of allowance for doubtful accounts of $451,625 and $429,192, respectively) 1,315,499 1,299,698
Other current assets 259,083 188,584
Total current assets 7,163,877 6,827,260
Capitalized software (net of accumulated amortization of $268,901 and $207,438, respectively) 2,352,783 2,048,273
Fixed assets (net of accumulated amortization of $338,126 and $318,077, respectively) 186,734 204,316
Deferred income tax asset - noncurrent 137,235 140,974
Other long-term assets 19,215 17,891
Goodwill 2,241,872 2,241,872
Intangible assets (net of accumulated amortization of $3,407,190 and $3,323,782, respectively) 1,296,810 1,380,218
Total assets 13,398,526 12,860,804
Current liabilities:    
Accounts payable 311,881 343,418
Accrued expenses 932,304 806,399
Income taxes payable 117,520 111,961
Deferred revenue 859,337 842,642
Total current liabilities 2,221,042 2,104,420
Deferred income tax liability 61,148 66,332
Other long-term liabilities 103,491 112,154
Total liabilities 2,385,681 2,282,906
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value, 1,000,000 and 30,000,000 shares authorized, no shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively. 0 0
Common stock $0.001 par value, 20,000,000 and 100,000,000 shares authorized, 2,912,114 and 2,860,944 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively. 2,912 2,861
Additional paid-in capital 9,368,433 9,119,610
Other accumulated comprehensive loss (29,461) (35,798)
Retained earnings 1,670,961 1,491,225
Total stockholders' equity 11,012,845 10,577,898
Total liabilities and stockholders' equity $ 13,398,526 $ 12,860,804