|
STATEMENTS OF OPERATIONS (USD $)
|
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2012
|
Jun. 30, 2011
|
|
| REVENUES: | ||||
| Software products and licensing | $ 237,309 | $ 52,244 | $ 1,009,435 | $ 72,560 |
| Solution services | 335,127 | 167,187 | 416,082 | 262,871 |
| Net revenues | 572,436 | 219,431 | 1,425,517 | 335,431 |
| COST OF REVENUES: | ||||
| Software products and licensing | 74,512 | 367,948 | ||
| Solution services | 169,096 | 98,629 | 230,295 | 145,413 |
| Total cost of revenues | 243,608 | 98,629 | 598,243 | 145,413 |
| Gross profit | 328,828 | 120,802 | 827,274 | 190,018 |
| OPERATING EXPENSES: | ||||
| Solution services | 156,069 | 49,339 | 322,804 | 174,797 |
| Depreciation and amortization | 94,550 | 62,047 | 196,619 | 123,727 |
| Marketing and sales | 357,981 | 132,668 | 750,698 | 162,586 |
| General and administrative | 445,868 | 540,134 | 868,301 | 869,421 |
| Total operating expenses | 1,054,468 | 784,188 | 2,138,422 | 1,330,531 |
| Loss from operations | (725,640) | (663,386) | (1,311,148) | (1,140,513) |
| OTHER INCOME (EXPENSE): | ||||
| Interest income | 20 | 61 | 28 | 86 |
| Interest expense | (32,012) | (30,607) | (116,156) | (36,919) |
| Loss on sale of asset | (235) | (761) | (235) | |
| Stock based compensation | (21,802) | (28,550) | (56,427) | (52,538) |
| Total other expense | (53,794) | (59,331) | (173,316) | (89,606) |
| LOSS BEFORE INCOME TAXES | (779,434) | (722,717) | (1,484,464) | (1,230,119) |
| INCOME TAXES | ||||
| NET LOSS | (779,434) | (722,717) | (1,484,464) | (1,230,119) |
| LOSS ALLOCABLE TO COMMON STOCKHOLDERS: | ||||
| Net loss | (779,434) | (722,717) | (1,484,464) | (1,230,119) |
| Loss allocable to common stockholders | $ (779,434) | $ (722,717) | $ (1,484,464) | $ (1,230,119) |
| Basic and diluted loss per share (in dollars per share) | $ (0.01) | $ (0.01) | $ (0.01) | $ (0.01) |