Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 1,821,818 $ 18,736,495
Accounts receivable 1,203,323 1,218,112
Short-term investments 9,237,513   
Incremental direct costs 966,297   
Prepaid license fee 393,750   
Prepaid expenses and other current assets 613,759 99,094
Total current assets 14,236,460 20,053,701
Property and equipment, net 844,485 54,781
Capitalized technology, net 559,055 692,511
Goodwill 45,353,016 735,328
Intangible assets, net 14,428,742 90,400
Merchant reserve 1,532,116   
Deferred tax asset 51,574 380,832
Security deposits 354,835 12,644
Other assets 10,000   
Total assets 77,370,283 22,020,197
Current Liabilities:    
Accounts payable 5,658,458 222,961
Accrued expenses 1,590,250 188,462
Deferred revenue 9,699,756 1,024,420
Customer deposits 393,750   
Note payable - related party acquisition financing 434,582   
Warrant liability 106,236 85,221
Capital lease obligations 17,093   
Total current liabilities 17,900,125 1,521,064
Deferred tax liability 4,376,686   
Total liabilities 22,276,811 1,521,064
Commitments and contingencies      
Stockholders' Equity    
Common stock, $0.01 par value, 25,000,000 shares authorized, 12,628,072 shares and 6,318,227 shares issued as of September 30, 2014 and December 31, 2013, respectively, and 12,619,690 and 6,316,027 shares outstanding as of September 30, 2014 and December 31, 2013, respectively 126,280 63,182
Additional paid in capital 58,132,426 21,883,593
Accumulated deficit (3,128,117) (1,436,387)
Treasury stock, at cost; 8,382 shares at September 30, 2014 and 2,200 shares at December 31, 2013 (37,117) (11,255)
Total stockholders' equity 55,093,472 20,499,133
Total liabilities and stockholders' equity $ 77,370,283 $ 22,020,197