Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 1,000 $ 52,000
Accounts receivable, net of allowance for doubtful accounts 224,000 122,000
Prepaid expenses 9,000 17,000
Total current assets 234,000 191,000
Property and equipment, net 11,000 10,000
Software development costs, net 535,000 484,000
Acquired technology, net 539,000 630,000
Goodwill and intangible assets, net 416,000 451,000
Total long-term assets, net 1,501,000 1,575,000
TOTAL ASSETS 1,735,000 1,766,000
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable and accrued expenses 664,000 985,000
Line of credit 498,000 498,000
Current maturities of long-term debt 1,361,000 1,461,000
Total current liabilities 2,523,000 2,944,000
Long-term debt, net of current maturities 55,000
Deferred revenue 115,000 86,000
Total long-term liabilities 170,000 86,000
TOTAL LIABILITIES 2,693,000 3,030,000
STOCKHOLDERS' DEFICIT    
Preferred stock, Undesignated par value $.001; Authorized 10,000,000 shares; None issued or outstanding
Common stock par value $.001; 600,000,000 shares authorized; Issued and Outstanding: 50,864,131 as of December 31, 2018 and 34,318,198 as of December 31, 2017 51,000 34,000
Additional Paid-In-Capital 70,335,000 64,856,000
Accumulated Deficit (71,344,000) (66,154,000)
TOTAL STOCKHOLDERS' DEFICIT (958,000) (1,264,000)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,735,000 $ 1,766,000