|
STATEMENTS OF OPERATIONS (USD $)
|
12 Months Ended |
|
Dec. 31, 2011
|
Dec. 31, 2010
|
| SALES: |
|
|
| Software products and licensing |
$ 1,242,336 |
$ 63,200 |
| Solution services |
443,314 |
496,420 |
| Hardware sales |
|
78,216 |
| Net sales |
1,685,650 |
637,836 |
| COST OF SALES: |
|
|
| Software products and licensing |
513,375 |
|
| Solution services |
315,467 |
253,741 |
| Hardware sales |
|
65,195 |
| Total cost of sales |
828,842 |
318,936 |
| Gross profit |
856,808 |
318,900 |
| OPERATING EXPENSES: |
|
|
| Solution services |
746,481 |
187,460 |
| Depreciation and amortization |
243,318 |
248,523 |
| Marketing and sales |
239,769 |
480,692 |
| General and administrative |
1,893,402 |
1,079,193 |
| Total operating expenses |
3,122,970 |
1,995,868 |
| Loss from operations |
(2,266,162) |
(1,676,968) |
| OTHER INCOME (EXPENSE): |
|
|
| Interest income |
134 |
662 |
| Interest expense |
(170,675) |
(138,833) |
| Loss on sale of asset |
(235) |
|
| Stock based compensation |
(97,506) |
(108,404) |
| Total other expense |
(268,282) |
(246,575) |
| LOSS BEFORE INCOME TAXES |
(2,534,444) |
(1,923,543) |
| INCOME TAXES |
|
|
| NET LOSS |
(2,534,444) |
(1,923,543) |
| LOSS ALLOCABLE TO COMMON STOCKHOLDERS: |
|
|
| Net loss |
(2,534,444) |
(1,923,543) |
| Loss allocable to common stockholders |
$ (2,534,444) |
$ (1,923,543) |
| Basic and diluted loss per share (in dollars per share) |
$ (0.02) |
$ (0.03) |