Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

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CONDENSED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 5,609,138 $ 18,736,495
Accounts receivable 1,542,643 1,218,112
Short-term investments 11,876,078   
Prepaid expenses and other current assets 331,882 99,094
Total current assets 19,359,741 20,053,701
Property and equipment, net 55,957 54,781
Security deposits 12,644 12,644
Prepaid license fee 450,000   
Capitalized technology, net 616,296 692,511
Goodwill 735,328 735,328
Trade name 90,400 90,400
Deferred tax asset 893,421 380,832
Total assets 22,213,787 22,020,197
Current Liabilities:    
Accounts payable 306,581 222,961
Accrued expenses 710,239 188,462
Deferred revenue 1,377,015 1,024,420
Warrant liability 71,689 85,221
Total current liabilities 2,465,524 1,521,064
Commitments and contingencies      
Stockholders' Equity    
Common stock, $0.01 par value, 25,000,000 shares authorized, 6,318,227 shares issued as of June 30, 2014 and December 31, 2013 and 6,309,845 and 6,316,027 shares outstanding as of June 30, 2014 and December 31, 2013 63,182 63,182
Additional paid in capital 21,909,289 21,883,593
Accumulated deficit (2,187,091) (1,436,387)
Treasury stock, at cost; 8,382 shares at June 30, 2014 and 2,200 shares at December 31, 2013 (37,117) (11,255)
Total stockholders' equity 19,748,263 20,499,133
Total liabilities and stockholders' equity $ 22,213,787 $ 22,020,197