Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS (Unaudited)

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BALANCE SHEETS (Unaudited) (USD $)
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 2,359,527 $ 2,623,016
Accounts receivable, net 1,437,754 738,044
Prepaid expenses and other current assets 534,992 191,406
Note receivable - current 6,294 2,410
Total current assets 4,338,567 3,554,876
Property and equipment, net of accumulated depreciation and amortization of $317,801 and $292,301 52,887 39,226
Note receivable - long-term 8,665 3,885
Other assets 6,281 6,281
Total assets 4,406,400 3,604,268
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 611,781 111,585
Commissions payable 902,972 806,133
Deferred revenue 503,482 220,424
Accrued payroll and related liabilities 221,378 269,716
Other accrued liabilities 60,796 48,401
Total liabilities 2,300,409 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 December 31, 2013 and December 31, 2012, respectively. 128,443 128,443
Additional paid-in capital 14,599,696 14,581,475
Accumulated deficit (11,691,937) (11,631,698)
Treasury stock, 1,642,616 shares at cost at December 31, 2013 and 2012 (930,211) (930,211)
Total stockholders' equity 2,105,991 2,148,009
Total liabilities and stockholders' equity $ 4,406,400 $ 3,604,268