Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets (Unaudited)

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Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 2,920,154 $ 2,304,761
Restricted cash 115,513 84,577
Accounts receivable, net of allowance for bad debts of $31,125 1,996,542 2,137,245
Inventory, net 465,990 427,105
Prepaid expense and other 161,082 194,747
Total current assets 5,659,281 5,148,435
Goodwill and other intangible assets, net 12,559,573 12,846,019
Deferred tax assets, net 367,057 367,057
Other assets, net 23,000 82,050
Total assets 19,152,305 19,011,945
Current liabilities:    
Accounts payable 394,009 461,913
Accrued expenses 1,209,057 1,109,428
Income taxes payable 864,405 786,430
Deferred revenue 954,923 1,014,731
Jackpot liabilities 125,002 90,960
Deferred rent, current portion 17,124 14,938
Current portion of long-term debt and capital lease obligations 1,219,022 1,230,285
Total current liabilities 4,783,542 4,708,685
Deferred rent, net 32,877 37,704
Capital lease obligations, net 38,944 46,978
Common stock warrant liability 990,116 923,616
Long-term debt, net 8,433,911 8,669,151
Total liabilities 14,279,390 14,386,134
Commitments and Contingencies (See Note 10)
Stockholders’ equity    
Preferred stock, 10,000,000 shares authorized, $0.001 par value; 0 shares issued and outstanding, respectively
Common stock, 65,000,000 shares authorized; $0.001 par value; 39,365,591 and 39,315,591 shares issued and outstanding, respectively 39,366 39,316
Additional paid-in capital 3,194,260 3,109,473
Accumulated earnings 1,639,289 1,477,022
Total stockholders’ equity 4,872,915 4,625,811
Total liabilities and stockholders’ equity 19,152,305 19,011,945
Property Plant and Equipment Excluding Assets Leased to Others    
Current assets:    
Property and equipment, net 327,600 356,253
Products Leased and Held for Lease, Net    
Current assets:    
Property and equipment, net $ 215,794 $ 212,131