Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS (Unaudited)

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BALANCE SHEETS (Unaudited) (USD $)
Sep. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 2,066,756 $ 2,359,527
Accounts receivable, net 862,411 1,437,754
Prepaid expenses and other current assets 285,168 534,992
Note receivable - employees 4,045 6,294
Total current assets 3,218,380 4,338,567
Property and equipment, net 50,128 52,887
Note receivable - long term 5,618 8,665
Other assets 6,281 6,281
Total assets 3,280,407 4,406,400
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 93,322 611,781
Commissions payable 770,079 902,972
Deferred revenue 259,522 503,482
Accrued payroll and related liabilities 220,337 221,378
Other accrued liabilities 49,919 60,796
Total current liabilities 1,393,179 2,300,409
Commitments and contingencies     
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, 2014 and December 31, 2013 128,443 128,443
Additional paid-in capital 14,611,763 14,599,696
Accumulated deficit (11,922,767) (11,691,937)
Treasury stock, 1,642,616 shares at cost (930,211) (930,211)
Total stockholders' equity 1,887,228 2,105,991
Total liabilities and stockholders' equity $ 3,280,407 $ 4,406,400