CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Current Assets: |
|
|
| Cash and cash equivalents |
$ 5,858
|
$ 15,407
|
| Short-term investment |
50
|
0
|
| Accounts receivable |
839
|
0
|
| Other receivable |
19
|
22
|
| Prepaid expenses and other current assets |
634
|
455
|
| Total current assets |
7,400
|
15,884
|
| Property and equipment, net |
256
|
29
|
| Other Assets: |
|
|
| Investment, at fair value |
672
|
0
|
| Investment, at cost |
250
|
250
|
| TOTAL ASSETS |
8,578
|
16,163
|
| Current Liabilities: |
|
|
| Accounts payable |
423
|
1,190
|
| Accrued expenses |
504
|
711
|
| Deferred software costs |
63
|
151
|
| Deferred revenue |
346
|
14
|
| Billings in excess of cost, due from related parties |
1,061
|
0
|
| Total current liabilities |
2,397
|
2,066
|
| Deferred revenue - long term portion |
310
|
58
|
| TOTAL LIABILITIES |
$ 2,707
|
$ 2,124
|
| COMMITMENTS AND CONTINGENCIES (NOTE 9) |
|
|
| STOCKHOLDERS' EQUITY |
|
|
| Common stock, $0.001 par value, 100,000,000 shares authorized; 21,134,744 shares issued as of December 31, 2015 and 2014 respectively |
$ 21
|
$ 21
|
| Treasury stock, 393,172 shares, at cost |
(840)
|
(840)
|
| Additional paid-in capital |
45,136
|
42,902
|
| Accumulated deficit |
(38,461)
|
(28,059)
|
| TOTAL STOCKHOLDERS' EQUITY |
5,871
|
14,039
|
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
8,578
|
16,163
|
| Preferred Stock |
|
|
| STOCKHOLDERS' EQUITY |
|
|
| Preferred stock |
0
|
0
|
| Series B Convertible Preferred Stock |
|
|
| STOCKHOLDERS' EQUITY |
|
|
| Preferred stock |
$ 15
|
$ 15
|