|
Consolidated Balance Sheets (USD $)
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 5,357,596 |
$ 2,397,828 |
| Restricted cash |
105,000 |
|
| Credit card holdback receivable |
287,293 |
441,840 |
| Accounts receivable, net of allowances and reserves of $36,129 and $184,964, respectively |
320,019 |
480,190 |
| Accrued interest receivable |
|
5,907 |
| Investments |
|
6,481,205 |
| Prepaid expense and other current assets |
204,824 |
96,815 |
| Total current assets |
6,274,732 |
9,903,785 |
| Fixed assets and intangible assets, net |
548,549 |
578,463 |
| Notes receivable |
165,716 |
138,803 |
| Security deposits |
|
19,520 |
| Total assets |
6,988,997 |
10,640,571 |
| Current liabilities: |
|
|
| Accounts payable |
799,183 |
1,027,841 |
| Accrued expenses and other current liabilities |
240,049 |
864,983 |
| Deferred revenue |
2,524,229 |
3,138,406 |
| Total current liabilities |
3,563,461 |
5,031,230 |
| Long term deferred rent |
48,340 |
61,640 |
| Warrant liability |
1,616,325 |
937,000 |
| Commitments |
|
|
| Total liabilities |
5,228,126 |
6,029,870 |
| Stockholders' equity: |
|
|
| Preferred Stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding |
|
|
| Common Stock, $0.001 par value, 100,000,000 shares authorized, 44,007,826 and 38,580,261 shares issued, respectively, and 38,832,826 and 38,580,261 shares outstanding, respectively |
38,833 |
38,580 |
| Additional paid-in capital |
9,437,422 |
8,256,864 |
| Accumulated deficit |
(7,715,384) |
(3,684,743) |
| Total stockholders' equity |
1,760,871 |
4,610,701 |
| Total liabilities and stockholders' equity |
$ 6,988,997 |
$ 10,640,571 |