Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS (Unaudited)

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BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 2,797,537 $ 2,167,928
Accounts receivable, net 1,293,513 1,298,029
Prepaid expenses and other current assets 497,565 603,340
Note receivable, current 3,589 0
Total current assets 4,592,204 4,069,297
Property and equipment, net 31,576 42,039
Other assets 6,281 6,281
Total assets 4,630,061 4,117,617
Current liabilities:    
Accounts payable 1,136,306 64,599
Commissions payable 907,524 959,052
Deferred revenue 463,854 581,102
Accrued payroll and related liabilities 218,366 261,202
Other accrued liabilities 131,757 74,472
Total liabilities 2,857,807 1,940,427
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 September 30, 2016 and December 31, 2015 128,443 128,443
Additional paid-in capital 14,630,681 14,622,352
Accumulated deficit (12,056,659) (11,643,394)
Treasury stock, 1,642,616 shares at cost (930,211) (930,211)
Total stockholders' equity 1,772,254 2,177,190
Total liabilities and stockholders' equity $ 4,630,061 $ 4,117,617