Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS (Unaudited)

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BALANCE SHEETS (Unaudited) (USD $)
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 2,329,407 $ 2,623,016
Accounts receivable, net 897,240 738,044
Prepaid expenses and other current assets 201,106 191,406
Note receivable - employees 3,838 2,410
Total current assets 3,431,591 3,554,876
Property and equipment, net 36,478 39,226
Note receivable - employee 11,633 3,885
Other assets 6,281 6,281
Total assets 3,485,983 3,604,268
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 101,191 111,585
Commissions payable 790,156 806,133
Accrued payroll and related liabilities 261,697 269,716
Deferred revenue 186,180 220,424
Other accrued liabilities 47,404 48,401
Total current liabilities 1,386,628 1,456,259
Stockholders' equity:    
Common stock, par value $0.01, 30,000,000 shares authorized; 12,844,376 shares issued, 11,201,760 shares outstanding as of March 31, 2013 and December 31, 2012 128,443 128,443
Additional paid-in capital 14,584,962 14,581,475
Accumulated deficit (11,683,839) (11,631,698)
Treasury stock, 1,642,616 shares at cost (930,211) (930,211)
Total stockholders' equity 2,099,355 2,148,009
Total liabilities and stockholders' equity $ 3,485,983 $ 3,604,268