Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS (Unaudited)

v2.4.1.9
BALANCE SHEETS (Unaudited) (USD $)
Mar. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 2,122,914us-gaap_CashAndCashEquivalentsAtCarryingValue $ 2,450,006us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net 1,110,325us-gaap_AccountsReceivableNetCurrent 970,621us-gaap_AccountsReceivableNetCurrent
Prepaid expenses and other current assets 486,810us-gaap_PrepaidExpenseCurrent 759,982us-gaap_PrepaidExpenseCurrent
Note receivable, current 4,092us-gaap_ReceivablesNetCurrent 3,896us-gaap_ReceivablesNetCurrent
Total current assets 3,724,141us-gaap_AssetsCurrent 4,184,505us-gaap_AssetsCurrent
Property and equipment, net 48,254us-gaap_PropertyPlantAndEquipmentNet 53,675us-gaap_PropertyPlantAndEquipmentNet
Note receivable - long term 4,250us-gaap_DueFromEmployeesNoncurrent 5,102us-gaap_DueFromEmployeesNoncurrent
Other assets 6,281us-gaap_OtherAssetsNoncurrent 6,281us-gaap_OtherAssetsNoncurrent
Total assets 3,782,926us-gaap_Assets 4,249,563us-gaap_Assets
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 62,531us-gaap_AccountsPayableCurrent 32,327us-gaap_AccountsPayableCurrent
Commissions payable 1,004,079us-gaap_AccruedSalesCommissionCurrent 1,017,047us-gaap_AccruedSalesCommissionCurrent
Deferred revenue 451,109us-gaap_DeferredRevenueCurrent 737,994us-gaap_DeferredRevenueCurrent
Accrued payroll and related liabilities 228,345us-gaap_EmployeeRelatedLiabilitiesCurrent 255,703us-gaap_EmployeeRelatedLiabilitiesCurrent
Other accrued liabilities 28,427us-gaap_AccruedLiabilitiesCurrent 116,097us-gaap_AccruedLiabilitiesCurrent
Total liabilities 1,774,491us-gaap_LiabilitiesCurrent 2,159,168us-gaap_LiabilitiesCurrent
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, 2015 and December 31, 2014 128,443us-gaap_CommonStockValue 128,443us-gaap_CommonStockValue
Additional paid-in capital 14,616,758us-gaap_AdditionalPaidInCapital 14,613,887us-gaap_AdditionalPaidInCapital
Accumulated deficit (11,806,555)us-gaap_RetainedEarningsAccumulatedDeficit (11,721,724)us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, 1,642,616 shares at cost (930,211)us-gaap_TreasuryStockValue (930,211)us-gaap_TreasuryStockValue
Total stockholders' equity 2,008,435us-gaap_StockholdersEquity 2,090,395us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 3,782,926us-gaap_LiabilitiesAndStockholdersEquity $ 4,249,563us-gaap_LiabilitiesAndStockholdersEquity