Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS (Unaudited)

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BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 2,442,076 $ 2,623,016
Accounts receivable, net 744,287 738,044
Prepaid expenses and other current assets 304,430 191,406
Note receivable - employees 3,872 2,410
Total current assets 3,494,665 3,554,876
Property and equipment, net 42,170 39,226
Note receivable - employee 10,652 3,885
Other assets 6,281 6,281
Total assets 3,553,768 3,604,268
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 291,001 111,585
Commissions payable 756,566 806,133
Deferred revenue 284,710 220,424
Accrued payroll and related liabilities 213,779 269,716
Other accrued liabilities 40,936 48,401
Total current liabilities 1,586,992 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 June 30, 2013 and December 31, 2012 128,443 128,443
Additional paid-in capital 14,588,902 14,581,475
Accumulated deficit (11,820,358) (11,631,698)
Treasury stock, 1,642,616 shares at cost (930,211) (930,211)
Total stockholders' equity 1,966,776 2,148,009
Total liabilities and stockholders' equity $ 3,553,768 $ 3,604,268