Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS (Unaudited)

v2.4.1.9
BALANCE SHEETS (Unaudited) (USD $)
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 2,450,006us-gaap_CashAndCashEquivalentsAtCarryingValue $ 2,359,527us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net 970,621us-gaap_AccountsReceivableNetCurrent 1,437,754us-gaap_AccountsReceivableNetCurrent
Prepaid expenses and other current assets 759,982us-gaap_PrepaidExpenseCurrent 534,992us-gaap_PrepaidExpenseCurrent
Note receivable - current 3,896us-gaap_NotesAndLoansReceivableNetCurrent 6,294us-gaap_NotesAndLoansReceivableNetCurrent
Total current assets 4,184,505us-gaap_AssetsCurrent 4,338,567us-gaap_AssetsCurrent
Property and equipment, net of accumulated depreciation and amortization of $349,178 and $317,801 53,675us-gaap_PropertyPlantAndEquipmentNet 52,887us-gaap_PropertyPlantAndEquipmentNet
Note receivable - long-term 5,102us-gaap_NotesAndLoansReceivableNetNoncurrent 8,665us-gaap_NotesAndLoansReceivableNetNoncurrent
Other assets 6,281us-gaap_OtherAssetsNoncurrent 6,281us-gaap_OtherAssetsNoncurrent
Total assets 4,249,563us-gaap_Assets 4,406,400us-gaap_Assets
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 32,327us-gaap_AccountsPayableCurrent 611,781us-gaap_AccountsPayableCurrent
Commissions payable 1,017,047us-gaap_AccruedSalesCommissionCurrent 902,972us-gaap_AccruedSalesCommissionCurrent
Deferred revenue 737,994us-gaap_DeferredRevenueCurrent 503,482us-gaap_DeferredRevenueCurrent
Accrued payroll and related liabilities 255,703us-gaap_EmployeeRelatedLiabilitiesCurrent 221,378us-gaap_EmployeeRelatedLiabilitiesCurrent
Other accrued liabilities 116,097us-gaap_AccruedLiabilitiesCurrent 60,796us-gaap_AccruedLiabilitiesCurrent
Total liabilities 2,159,168us-gaap_Liabilities 2,300,409us-gaap_Liabilities
Stockholders' equity:    
Common stock, $0.01 par value, 30,000,000 shares authorized, 12,844,376 shares issued, 11,201,760 shares outstanding as of December 31, 2014 and December 31, 2013, respectively. 128,443us-gaap_CommonStockValue 128,443us-gaap_CommonStockValue
Additional paid-in capital 14,613,887us-gaap_AdditionalPaidInCapital 14,599,696us-gaap_AdditionalPaidInCapital
Accumulated deficit (11,721,724)us-gaap_RetainedEarningsAccumulatedDeficit (11,691,937)us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, 1,642,616 shares at cost at December 31, 2014 and 2013 (930,211)us-gaap_TreasuryStockValue (930,211)us-gaap_TreasuryStockValue
Total stockholders' equity 2,090,395us-gaap_StockholdersEquity 2,105,991us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 4,249,563us-gaap_LiabilitiesAndStockholdersEquity $ 4,406,400us-gaap_LiabilitiesAndStockholdersEquity