Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

v2.4.0.8
BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 18,736,495 $ 868,294
Accounts receivable 1,218,112 1,923,048
Marketable securities, at fair value    251,349
Prepaid expense 99,094 63,982
Total current assets 20,053,701 3,106,673
Property and equipment, net 54,781 34,863
Security deposits 12,644 23,711
Deferred costs - initial public offering    832,240
Capitalized technology, net 692,511 402,890
Goodwill 735,328 635,671
Trade name 90,400 90,400
Deferred tax asset 380,832   
Total assets 22,020,197 5,126,448
Current Liabilities:    
Accounts payable 222,961 265,013
Accrued expenses 188,462 85,327
Deferred revenue 1,024,420 500,000
Warrant liability 85,221   
Total current liabilities 1,521,064 850,340
Notes payable - members, net of original issue discount of $0 and $138,256 as of December 31, 2013 and 2012, respectively    1,487,900
Total liabilities 1,521,064 2,338,240
Commitments and contingencies      
Stockholders' Equity    
Common stock, $0.01 par value, 25,000,000 shares authorized, 6,318,227 and 3,487,847 shares issued and 6,316,027 and 3,487,847 outstanding as of December 31, 2013 and 2012, respectively 63,182 34,878
Additional paid in capital 21,883,593 2,751,827
Accumulated deficit (1,436,387)   
Treasury stock, at cost; 2,200 and 0 shares at December 31, 2013 and 2012, respectively (11,255)   
Accumulated other comprehensive income    1,503
Total stockholders' equity 20,499,133 2,788,208
Total liabilities and stockholders' equity $ 22,020,197 $ 5,126,448