Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS (Unaudited)

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BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 1,926,333 $ 2,359,527
Accounts receivable, net 886,341 1,437,754
Prepaid expenses and other current assets 436,871 534,992
Note receivable - employees 5,559 6,294
Total current assets 3,255,104 4,338,567
Property and equipment, net 55,110 52,887
Note receivable - long term 6,642 8,665
Other assets 6,281 6,281
Total assets 3,323,137 4,406,400
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 65,238 611,781
Commissions payable 752,933 902,972
Deferred revenue 393,126 503,482
Accrued payroll and related liabilities 212,947 221,378
Other accrued liabilities 42,915 60,796
Total current liabilities 1,467,159 2,300,409
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 June 30, 2014 and December 31, 2013 128,443 128,443
Additional paid-in capital 14,608,501 14,599,696
Accumulated deficit (11,950,755) (11,691,937)
Treasury stock, 1,642,616 shares at cost (930,211) (930,211)
Total stockholders' equity 1,855,978 2,105,991
Total liabilities and stockholders' equity $ 3,323,137 $ 4,406,400