Balance Sheet

v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash $ 1,753,596 $ 1,941,818
Accounts receivable, net 751,780 298,304
Contract assets 339,921 423,793
Prepaid expenses and other current assets 439,811 90,923
Total Current Assets 3,285,108 2,754,838
Property and equipment, net 169,170 65,362
OTHER ASSETS:    
Software Development Costs, net 50,000
Patents and trademarks, net 44,270 45,978
Total Other Assets 94,270 45,978
TOTAL ASSETS 3,548,548 2,866,178
CURRENT LIABILITIES:    
Accounts payable 1,154,824 812,618
Accounts payable - related parties 14,598 12,598
Notes payable - financing agreements 109,572 49,657
Notes payable - related parties 9,078
Line of credit 32,833 34,513
Payroll taxes payable 178,390 149,448
Accrued expenses 378,787 497,277
Contract liabilities 1,768,966 200,410
Deferred revenue 188,732 438,907
Total Current Liabilities 3,826,702 2,204,506
Notes payable - related party 39,137
Total Liabilities 3,826,702 2,243,643
Commitments and Contingencies (Note 6)
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock 2,830,000 2,830,000
Common stock: $0.001 par value; 500,000,000 shares authorized, 20,710,437 and 20,657,850 shares issued, 20,707,157 and 20,654,570 shares outstanding at June 30, 2018 and December 31, 2017, respectively 20,710 20,658
Additional paid-in capital 27,085,549 26,608,823
Total stock & paid-in-capital 29,936,259 29,459,481
Accumulated deficit (30,066,413) (28,688,946)
Sub-total (130,154) 770,535
Less: Treasury stock (3,280 shares of common stock) (148,000) (148,000)
Total Stockholders' Equity (Deficit) (278,154) 622,535
Total Liabilities and Stockholders' Equity (Deficit) 3,548,548 2,866,178
Series A Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock
Series B Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock $ 2,830,000 $ 2,830,000

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