Balance Sheet

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents (Amount related to variable interest entity of $1,282,479 and $1,671,378 as of June 30, 2018 and December 31, 2017, respectively) $ 2,666,832 $ 2,926,088
Accounts receivable, net 424,079 905,723
Incremental direct costs 34,347 145,292
Prepaid expenses and other current assets 699,405 478,379
Current assets from discontinued operations 755,084 1,180,099
Total current assets 4,579,747 5,635,581
Property and equipment, net 105,834 221,184
Capitalized technology, net 177,097 153,381
Goodwill 5,590,150 5,590,150
Intangible assets, net 5,026,506 6,264,706
Merchant reserve 760,849 760,849
Security deposits 76,007 225,957
Long-term assets from discontinued operations 240,637 327,257
Total assets 16,556,827 19,179,065
Current Liabilities:    
Accounts payable 1,227,991 1,120,444
Accrued expenses 762,414 1,166,214
Deferred revenue 2,806,453 4,004,015
Current liabilities from discontinued operations 474,994 484,524
Total current liabilities 5,271,852 6,775,197
Deferred tax liability 1,618,932 1,993,662
Deferred rent 40,160 56,082
Other liabilities 52,321
Total liabilities 6,930,944 8,877,262
Commitments and contingencies
Stockholders' Equity    
Common stock, $0.01 par value; 45,000,000 shares authorized; 4,840,669 shares and 3,963,864 shares issued as of June 30, 2018 and December 31, 2017, respectively; and 4,839,621 shares and 3,962,816 shares outstanding as of June 30, 2018 and December 31, 2017, respectively 48,407 39,639
Additional paid in capital 83,395,128 80,016,218
Accumulated other comprehensive loss 15,097 28,848
Accumulated deficit (73,795,632) (69,745,785)
Treasury stock, at cost; 1,048 shares at June 30, 2018 and December 31, 2017 (37,117) (37,117)
Total stockholders' equity 9,625,883 10,301,803
Total liabilities and stockholders' equity $ 16,556,827 $ 19,179,065

Source