Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS (Unaudited)

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BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 2,399,099 $ 2,450,006
Accounts receivable, net 796,979 970,621
Prepaid expenses and other current assets 340,367 759,982
Note receivable, current 0 3,896
Total current assets 3,536,445 4,184,505
Property and equipment, net 47,449 53,675
Note receivable - long term 0 5,102
Other assets 6,281 6,281
Total assets 3,590,175 4,249,563
Current liabilities:    
Accounts payable 125,208 32,327
Commissions payable 951,224 1,017,047
Deferred revenue 315,459 737,994
Accrued payroll and related liabilities 240,617 255,703
Other accrued liabilities 42,038 116,097
Total liabilities 1,674,546 2,159,168
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, 2015 and December 31, 2014 128,443 128,443
Additional paid-in capital 14,619,601 14,613,887
Accumulated deficit (11,902,204) (11,721,724)
Treasury stock, 1,642,616 shares at cost (930,211) (930,211)
Total stockholders' equity 1,915,629 2,090,395
Total liabilities and stockholders' equity $ 3,590,175 $ 4,249,563