Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 938,541 $ 762,892
Accounts receivable, net of allowance of $80,000 1,785,932 1,574,996
Deferred tax asset – current 40,000 40,000
Prepaid expenses and other current assets 595,893 159,276
Total current assets 3,360,366 2,537,164
Property and equipment, net 207,491 241,895
Intangible assets, net 927,409 687,880
Deferred tax asset 35,964 80,000
Deposits and other assets 25,659 22,836
Total assets 4,556,889 3,569,775
Current liabilities:    
Bank line of credit 0 0
Note payable to related party 20,000 20,000
Current portion of long-term debt 242,343 175,000
Accounts payable and accrued expenses 1,937,154 1,836,229
Accrued interest 12,540 13,291
Due to related party 2,974 2,672
Capital lease obligations – current portion 50,527 53,726
Deferred revenue 2,078,752 1,715,555
Total current liabilities 4,344,290 3,816,473
Capital lease obligations – long-term 33,363 48,624
Long-term debt 296,874 104,517
Total liabilities 4,674,527 3,969,614
Commitments and contingencies      
Stockholders’ deficit:    
Additional paid-in capital 10,909,926 10,808,361
Accumulated deficit (11,028,747) (11,209,378)
Total stockholders’ deficit (117,638) (399,839)
Total liabilities and stockholders’ deficit 4,556,889 3,569,775
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 1,182 1,177
Common Class B [Member]
   
Stockholders’ deficit:    
Common stock, value $ 0 $ 0