Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Current Period Unaudited)

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Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 1,535,934 $ 1,963,956
Accounts receivable, net 690,277 652,839
Prepaid expenses and other current assets 50,575 393,533
Contract assets 40 0
Total current assets 2,276,826 3,010,328
Right-of-use operating lease asset 196,877
Property and equipment, net of accumulated depreciation and amortization of $298,661 and $294,424 10,241 7,147
Other assets 6,281 6,281
Total assets 2,490,225 3,023,756
Current liabilities    
Accounts payable 192,636 25,294
Commissions payable 252,886 508,083
Accrued payroll and related liabilities 244,075 217,751
Contract liabilities 67,146 318,552
Operating lease liability - current 99,562
Other accrued liabilities 55,892 81,485
Total current liabilities 912,197 1,151,165
Operating lease liability - non-current 98,956
Total liabilities 1,011,153 1,151,165
Stockholders' equity    
Common stock, $0.01 par value, 30,000,000 shares authorized, 12,854,376 shares issued, 11,211,760 shares outstanding as of June 30, 2019, and 12,844,376 shares issued, 11,201,760 shares outstanding as of December 31, 2018 128,543 128,443
Additional paid-in capital 14,681,842 14,676,006
Accumulated deficit (12,401,102) (12,001,647)
Treasury stock, 1,642,616 shares at cost at June 30, 2019, and December 31, 2018 (930,211) (930,211)
Total stockholders' equity 1,479,072 1,872,591
Total liabilities and stockholders' equity $ 2,490,225 $ 3,023,756