CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 6,068,973 $ 2,070,693
Accounts receivable, net 2,170,529 2,510,530
Short-term investments 500,000
Incremental direct costs 423,023 1,023,916
Prepaid license fee 112,500
Prepaid expenses and other current assets 957,140 411,592
Total current assets 9,619,665 6,629,231
Property and equipment, net 277,534 444,398
Capitalized technology, net 173,368 456,523
Goodwill 20,201,190 20,201,190
Intangible assets, net 9,183,439 12,051,839
Merchant reserve 1,426,927 1,260,849
Security deposits 220,754 383,786
Other assets 35,000
Total assets 41,137,877 41,427,816
Current Liabilities:    
Accounts payable 2,172,332 4,465,941
Accrued expenses 962,172 837,712
Deferred revenue 5,485,599 9,966,893
Customer deposits 112,500
Promissory note 445,000
Total current liabilities 8,620,103 15,828,046
Deferred rent 55,718 45,155
Deferred tax liability 3,653,274 4,942,908
Other liabilities 33,159 426,267
Total liabilities 12,362,254 21,242,376
Commitments and contingencies
Stockholders' Equity    
Common stock, $0.01 par value, 45,000,000 shares authorized, 3,623,899 shares and 1,815,232 shares issued as of December 31, 2016 and 2015, respectively, and 3,619,338 and 1,808,628 shares outstanding as of December 31, 2016 and 2015, respectively 36,204 18,097
Additional paid in capital 76,234,772 63,554,194
Accumulated deficit (47,458,236) (43,349,734)
Treasury stock, at cost; 1,048 shares at December 31, 2016 and 2015 (37,117) (37,117)
Total stockholders' equity 28,775,623 20,185,440
Total liabilities and stockholders' equity $ 41,137,877 $ 41,427,816