Balance Sheet

v3.10.0.1
Condensed Consolidated Balance Sheets
Sep. 30, 2018
USD ($)
Sep. 30, 2018
GBP (£)
Dec. 31, 2017
USD ($)
Dec. 31, 2017
GBP (£)
Current Assets:        
Cash and cash equivalents (Amounts related to variable interest entity of $907,590 and $1,671,378 as of September 30, 2018 and December 31, 2017, respectively) $ 1,653,149   $ 2,926,088  
Accounts receivable, net 527,565   905,723  
Incremental direct costs | £   £ 21,158   £ 145,292
Prepaid expenses and other current assets 461,931   478,379  
Current assets from discontinued operations 194,209   1,180,099  
Total current assets 2,858,012   5,635,581  
Property and equipment, net 96,553   221,184  
Capitalized technology, net 187,258   153,381  
Goodwill 339,451   5,590,150  
Intangible assets, net 4,408,934   6,264,706  
Merchant reserve 760,849   760,849  
Security deposits 74,588   225,957  
Long-term assets from discontinued operations   137,114  
Total assets 8,725,645   18,988,922  
Current Liabilities:        
Accounts payable 1,465,890   1,120,444  
Accrued expenses 785,682   1,166,214  
Deferred revenue 2,440,998   4,004,015  
Customer deposits 14,563    
Current liabilities from discontinued operations 219,693   484,524  
Total current liabilities 4,926,826   6,775,197  
Deferred tax liability 1,206,098   1,803,519  
Deferred rent 45,800   56,082  
Other liabilities   52,321  
Long-term liabilities from discontinued operations 7,762    
Total liabilities 6,186,486   8,687,119  
Commitments and contingencies    
Stockholders' Equity        
Common stock, $0.01 par value; 45,000,000 shares authorized; 4,856,213 shares and 3,963,864 shares issued as of September 30, 2018 and December 31, 2017, respectively; and 4,855,165 shares and 3,962,816 shares outstanding as of September 30, 2018 and December 31, 2017, respectively 48,562   39,639  
Additional paid in capital 83,566,225   80,016,218  
Accumulated other comprehensive loss (13,383)   28,848  
Accumulated deficit (81,025,128)   (69,745,785)  
Treasury stock, at cost; 1,048 shares at September 30, 2018 and December 31, 2017 (37,117)   (37,117)  
Total stockholders' equity 2,539,159   10,301,803  
Total liabilities and stockholders' equity $ 8,725,645   $ 19,179,065  

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