Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,664,210 $ 1,621,049
Accounts receivable, net of allowance of $375,000 3,050,022 2,501,621
Unbilled services 749,553 463,563
Prepaid expenses and other current assets 558,975 331,094
Total current assets 6,022,760 4,917,327
Property and equipment, net 490,085 466,202
Intangible assets, net 2,607,601 2,431,111
Goodwill 401,000 401,000
Deferred tax assets 2,059,902 2,414,902
Deposits and other assets 33,330 28,887
Total assets 11,614,678 10,659,429
Current liabilities:    
Bank line of credit 0 0
Accounts payable 1,965,785 1,822,071
Accrued expenses 892,403 823,591
Accrued interest 16,094 15,533
Income taxes payable 225,143 177,466
Contingent consideration – current portion 93,125 180,029
Long term debt - current portion 281,558 306,677
Capital lease obligations – current portion 84,528 94,714
Deferred revenue 2,194,716 1,690,147
Total current liabilities 5,753,352 5,110,228
Contingent consideration net of current portion 62,083 31,685
Long term debt net of current portion 282,216 486,473
Capital lease obligations net of current portion 40,068 60,127
Total liabilities 6,137,719 5,688,513
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, value 0 0
Common stock, value 46 46
Additional paid-in capital 12,090,515 12,176,642
Accumulated deficit (6,613,603) (7,205,773)
Total stockholders’ equity 5,476,959 4,970,916
Total liabilities and stockholders’ equity 11,614,678 10,659,429
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value 0 0
Series B Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value $ 1 $ 1