|
CONSOLIDATED BALANCE SHEETS (USD $)
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Current Assets: |
|
|
| Cash and cash equivalents |
$ 1,519,467 |
$ 18,736,495 |
| Accounts receivable |
3,448,748 |
1,218,112 |
| Short-term investments |
5,198,878 |
|
| Incremental direct costs |
900,868 |
|
| Prepaid license fee |
337,500 |
|
| Prepaid expenses and other current assets |
381,057 |
99,094 |
| Deferred tax asset |
58,200 |
|
| Total current assets |
11,844,718 |
20,053,701 |
| Property and equipment, net |
874,769 |
54,781 |
| Capitalized technology, net |
526,070 |
692,511 |
| Goodwill |
45,180,531 |
735,328 |
| Intangible assets, net |
14,934,225 |
90,400 |
| Merchant reserve |
860,849 |
|
| Deferred tax asset |
|
380,832 |
| Security deposits |
371,310 |
12,644 |
| Total assets |
74,592,472 |
22,020,197 |
| Current Liabilities: |
|
|
| Accounts payable |
4,941,135 |
222,961 |
| Accrued expenses |
549,727 |
188,462 |
| Deferred revenue |
10,078,938 |
1,024,420 |
| Customer deposits |
337,500 |
|
| Notes payable |
1,389,386 |
|
| Note payable - related party |
437,186 |
|
| Warrant liability |
93,789 |
85,221 |
| Capital lease obligations |
15,232 |
|
| Total current liabilities |
17,842,893 |
1,521,064 |
| Deferred rent |
25,946 |
|
| Deferred tax liability |
3,081,611 |
|
| Total liabilities |
20,950,450 |
1,521,064 |
| Commitments and contingencies |
|
|
| Stockholders' Equity |
|
|
| Common stock, $0.01 par value, 25,000,000 shares authorized, 12,928,072 shares and 6,318,227 shares issued as of December 31, 2014 and 2013, respectively, and 12,719,689 and 6,316,027 shares outstanding as of December 31, 2014 and 2013, respectively |
127,280 |
63,182 |
| Additional paid in capital |
58,646,322 |
21,883,593 |
| Accumulated deficit |
(5,094,463) |
(1,436,387) |
| Treasury stock, at cost; 8,382 shares at December 31, 2014 and 2,200 shares at December 31, 2013 |
(37,117) |
(11,255) |
| Total stockholders' equity |
53,642,022 |
20,499,133 |
| Total liabilities and stockholders' equity |
$ 74,592,472 |
$ 22,020,197 |