|
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Current assets: |
|
|
| Cash |
$ 341,448 |
$ 358,052 |
| Accounts receivable, net |
1,370,086 |
1,288,315 |
| Prepaid expenses |
299,616 |
336,996 |
| Other assets |
28,294 |
15,393 |
| Total current assets |
2,039,444 |
1,998,756 |
| Accounts receivable, net of allowance for doubtful accounts of $382,260 and $342,084 at March 31, 2015 and December 31, 2014, respectively |
3,727,997 |
3,864,944 |
| Intangible assets and goodwill, net |
174,700 |
179,200 |
| Other assets |
51,902 |
43,944 |
| Total assets |
5,994,043 |
6,086,844 |
| Current liabilities: |
|
|
| Accounts payable and accrued liabilities |
121,845 |
129,995 |
| Due to related parties |
36,215 |
0 |
| Current portion of long-term debt, net |
50,000 |
350,000 |
| Total current liabilities |
208,060 |
479,995 |
| Line of credit |
1,025,000 |
500,000 |
| Notes payable and long-term debt, net of discount |
550,000 |
550,000 |
| Total liabilities |
1,783,060 |
1,529,995 |
| Commitments and contingencies |
|
|
| Stockholders' equity: |
|
|
| Common stock: $0.001 par value, 50,000,000 shares authorized, 19,465,882 and 19,340,882 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively |
19,466 |
19,341 |
| Additional paid-in capital |
19,874,474 |
19,874,599 |
| Accumulated deficit |
(15,682,957) |
(15,337,091) |
| Total stockholders' equity |
4,210,983 |
4,556,849 |
| Total liabilities and stockholders’ equity |
$ 5,994,043 |
$ 6,086,844 |