Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,823,657 $ 570,623
Restricted cash 87,850 97,859
Accounts receivable, net of allowance for bad debts of $27,190 and $30,944 1,937,343 1,828,669
Inventory 484,442 411,700
Deferred tax asset   43,017
Prepaid expense and other 99,905 108,827
Total current assets 4,433,197 3,060,695
Goodwill and other intangible assets, net 13,235,698 14,352,636
Deferred tax assets, net   82,562
Other assets, net 299,918 41,793
Total assets 18,418,176 17,971,048
Current liabilities:    
Accounts payable 563,445 1,421,848
Accrued expenses 976,834 823,964
Income taxes payable 1,106,600 170,331
Deferred revenue 870,628 717,690
Jackpot liabilities 91,602 106,671
Deferred tax liabilities 75,358  
Deferred rent, current portion 12,753 6,197
Current portion of long-term debt and capital lease obligations 909,009 4,707,316
Total current liabilities 4,606,229 7,954,017
Deferred rent, net 42,532 52,643
Capital lease obligations, net 54,898 78,008
Warrant liability 806,698  
Long-term debt, net 9,028,235 7,436,171
Total liabilities 14,538,592 15,520,839
Commitments and Contingencies (See Note 10)
Stockholders’ equity    
Preferred stock, 10,000,000 shares authorized; $.001 par value; 0 shares issued and outstanding, respectively
Common stock, 65,000,000 shares authorized; $.001 par value; 39,315,591 and 39,215,591 shares issued and outstanding, respectively 39,316 39,216
Additional paid-in capital 3,054,847 2,963,841
Accumulated earnings (deficit) 785,421 (792,446)
Accumulated other comprehensive income   239,598
Total stockholders’ equity 3,879,584 2,450,209
Total liabilities and stockholders’ equity 18,418,176 17,971,048
Property Plant and Equipment Excluding Assets Leased to Others    
Current assets:    
Property and equipment, net 244,896 298,877
Products Leased and Held for Lease, Net    
Current assets:    
Property and equipment, net $ 204,467 $ 134,485