Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Current Period Unaudited)

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Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 1,093,809 $ 1,963,956
Accounts receivable, net 1,390,066 652,839
Prepaid expenses and other current assets 595,240 393,533
Contract assets 498,681 0
Total current assets 3,577,796 3,010,328
Right-of-use operating lease asset 173,487
Property and equipment, net of accumulated depreciation and amortization of $298,661 and $294,424 10,065 7,147
Other assets 6,281 6,281
Total assets 3,767,629 3,023,756
Current liabilities    
Accounts payable 1,174,967 25,294
Contract liabilities 486,362 318,552
Accrued payroll and related liabilities 223,550 217,751
Other accrued liabilities 219,837 81,485
Commissions payable 188,278 508,083
Operating lease liability - current 101,744
Total current liabilities 2,394,738 1,151,165
Operating lease liability - non-current 72,458
Total liabilities 2,467,196 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 September 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 14,682,427 14,676,006
Accumulated deficit (12,580,326) (12,001,647)
Treasury stock, 1,642,616 shares at cost at September 30, 2019, and December 31, 2018 (930,211) (930,211)
Total stockholders' equity 1,300,433 1,872,591
Total liabilities and stockholders' equity $ 3,767,629 $ 3,023,756