Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS (Unaudited)

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BALANCE SHEETS (Unaudited) (USD $)
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 2,268,852 $ 2,359,527
Accounts receivable, net 793,729 1,437,754
Prepaid expenses and other current assets 492,523 534,992
Note receivable - employees 5,859 6,294
Total current assets 3,560,963 4,338,567
Property and equipment, net 58,516 52,887
Note receivable - employee 7,658 8,665
Other assets 6,281 6,281
Total assets 3,633,418 4,406,400
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 57,254 611,781
Commissions payable 853,447 902,972
Deferred revenue 444,843 503,482
Accrued payroll and related liabilities 211,338 221,378
Other accrued liabilities 52,810 60,796
Total current liabilities 1,619,692 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 March 31, 2014 and December 31, 2013 128,443 128,443
Additional paid-in capital 14,604,950 14,599,696
Accumulated deficit (11,789,456) (11,691,937)
Treasury stock, 1,642,616 shares at cost (930,211) (930,211)
Total stockholders' equity 2,013,726 2,105,991
Total liabilities and stockholders' equity $ 3,633,418 $ 4,406,400