Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS (Unaudited)

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BALANCE SHEETS (Unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 2,272,967 $ 2,623,016
Accounts receivable, net 2,817,233 738,044
Prepaid expenses and other current assets 639,475 191,406
Note receivable - employees 7,381 2,410
Total current assets 5,737,056 3,554,876
Property and equipment, net 59,687 39,226
Note receivable - employee 9,664 3,885
Other assets 6,281 6,281
Total assets 5,812,688 3,604,268
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 2,000,066 111,585
Commissions payable 880,776 806,133
Deferred revenue 596,946 220,424
Accrued payroll and related liabilities 210,105 269,716
Other accrued liabilities 45,631 48,401
Total current liabilities 3,733,524 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 September 30, 2013 and December 31, 2012 128,443 128,443
Additional paid-in capital 14,592,923 14,581,475
Accumulated deficit (11,711,991) (11,631,698)
Treasury stock, 1,642,616 shares at cost (930,211) (930,211)
Total stockholders' equity 2,079,164 2,148,009
Total liabilities and stockholders' equity $ 5,812,688 $ 3,604,268