Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 938,008 $ 4,483
Accounts receivable, net of allowance of $80,000 1,173,699 1,509,532
Prepaid expenses and other current assets 214,443 131,520
Total current assets 2,326,150 1,645,535
Property and equipment, net 255,617 250,233
Intangible assets, net 737,282 884,513
Deposits and other assets 22,157 21,996
Total assets 3,341,206 2,802,277
Current liabilities:    
Bank line of credit 0 178,633
Accounts payable and accrued expenses 1,780,350 1,959,124
Accrued interest 13,210 12,422
Capital lease obligations – current portion 48,255 42,587
Current portion of long-term debt 175,000 0
Deferred revenue 1,743,199 1,357,800
Notes payable to related party 20,000 20,000
Total current liabilities 3,780,014 3,570,566
Capital lease obligations – long-term 46,737 46,242
Long-term debt 145,750 0
Total liabilities 3,972,501 3,616,808
Commitments and contingencies      
Stockholders’ deficit:    
Additional paid-in capital 10,803,957 10,716,224
Accumulated deficit (11,436,430) (11,531,926)
Total stockholders’ deficit (631,295) (814,531)
Total liabilities and stockholders’ deficit 3,341,206 2,802,277
Preferred Stock [Member]
   
Stockholders’ deficit:    
Preferred stock, value 0 0
Series A Preferred Stock [Member]
   
Stockholders’ deficit:    
Preferred stock, value 0 0
Series B Preferred Stock [Member]
   
Stockholders’ deficit:    
Preferred stock, value 1 1
Common Class A [Member]
   
Stockholders’ deficit:    
Common stock, value 1,177 1,170
Common Class B [Member]
   
Stockholders’ deficit:    
Common stock, value $ 0 $ 0