Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 2,897,199 $ 4,678,473
Accounts receivable, net of allowance for doubtful accounts of $0 as of March 31, 2017 and December 31, 2016 198,573 8,450
Prepaid expenses 116,466 134,852
Total current assets 3,212,238 4,821,775
Property and equipment, net 157,543 122,312
Intangible assets, net 6,862,288 5,780,213
Goodwill 3,755,179 3,271,815
TOTAL ASSETS 13,987,248 13,996,115
Current liabilities:    
Accounts payable and accrued liabilities 709,283 284,361
Total current liabilities 709,283 284,361
TOTAL LIABILITIES 709,283 284,361
Commitments and contingencies (Note 8)
Stockholders' Equity:    
Preferred Stock, $.001 par value; 5,000,000 shares authorized at March 31, 2017 and December 31, 2016; no shares issued and outstanding 0 0
Common stock, $.001 par value; 45,000,000 shares authorized at March 31, 2017 and December 31, 2016; 9,404,462 and 9,022,308 shares issued and outstanding, respectively 9,404 9,022
Additional paid-in capital 20,184,244 18,248,582
Accumulated deficit (6,915,683) (4,545,850)
TOTAL STOCKHOLDERS’ EQUITY 13,277,965 13,711,754
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 13,987,248 $ 13,996,115