Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 10,829,109 $ 18,736,495
Accounts receivable 959,957 1,218,112
Short-term investments 7,500,341   
Prepaid expenses and other current assets 351,641 99,094
Total current assets 19,641,048 20,053,701
Property and equipment, net 60,498 54,781
Security deposits 12,644 12,644
Capitalized technology, net 655,798 692,511
Goodwill 735,328 735,328
Trade name 90,400 90,400
Deferred tax asset 560,099 380,832
Total assets 21,755,815 22,020,197
Current Liabilities:    
Accounts payable 399,554 222,961
Accrued expenses 263,538 188,462
Deferred revenue 814,721 1,024,420
Warrant liability 41,412 85,221
Total current liabilities 1,519,225 1,521,064
Commitments and contingencies      
Stockholders' Equity    
Common stock, $0.01 par value, 25,000,000 shares authorized, 6,318,227 shares issued and 6,316,027 shares outstanding as of March 31, 2014 and December 31, 2013 63,182 63,182
Additional paid in capital 21,883,593 21,883,593
Accumulated deficit (1,698,930) (1,436,387)
Treasury stock, at cost; 2,200 shares at March 31, 2014 and December 31, 2013 (11,255) (11,255)
Total stockholders' equity 20,236,590 20,499,133
Total liabilities and stockholders' equity $ 21,755,815 $ 22,020,197