v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash $ 4,145,878 $ 4,084,686
Accounts receivable, net of allowance for doubtful accounts of $83,789. 7,458,261 10,759,250
Prepaid expenses and other current assets 296,675 400,191
Total current assets 11,900,814 15,244,127
Property and equipment, net 2,379,914 2,306,279
Other assets    
Goodwill 9,853,342 9,853,342
Intangible assets, net of accumulated amortization 10,454,559 10,808,018
Other assets 35,171 36,070
Total other assets 20,343,072 20,697,430
Total assets 34,623,800 38,247,836
Current liabilities    
Accounts payable 11,115,188 13,614,053
Accrued expenses and other current liabilities 2,855,598 2,887,816
Revolving credit line - current portion 4,900,000 4,900,000
Total current liabilities 18,870,786 21,401,869
Long-term liabilities    
Deferred tax liability 2,331,900 2,331,900
Other long-term liabilities 363,949 426,725
Total long-term liabilities 2,695,849 2,758,625
Preferred stock:    
Preferred stock, $.001 par value: Authorized shares 500,000, none issued and outstanding 0 0
Common stock:    
Common stock, $.001 par value: Authorized shares 40,000,000; issued shares 29,173,725 and 28,994,981, respectively; outstanding shares 28,797,198 and 28,618,454, respectively 29,174 28,996
Additional paid-in capital 136,411,636 136,033,967
Accumulated deficit (121,987,086) (120,579,062)
Treasury stock, at cost - 376,527 shares (1,396,559) (1,396,559)
Total stockholders' equity 13,057,165 14,087,342
Total liabilities and stockholders' equity $ 34,623,800 $ 38,247,836

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