Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 2,304,761 $ 570,623
Restricted cash 84,577 97,859
Accounts receivable, net of allowance for bad debts of $31,125 and $30,944 2,137,245 1,828,669
Inventory, net 427,105 411,700
Deferred tax asset   43,017
Prepaid expense and other 194,747 108,827
Total current assets 5,148,435 3,060,695
Goodwill and other intangible assets, net 12,846,019 14,352,636
Deferred tax assets, net 367,057 393,321
Other assets, net 82,050 41,794
Total assets 19,011,945 18,281,808
Current liabilities:    
Accounts payable 461,913 1,421,848
Accrued expenses 1,109,428 850,891
Income taxes payable 786,430 189,496
Deferred revenue 1,014,731 717,690
Jackpot liabilities 90,960 106,671
Deferred rent, current portion 14,938 6,197
Current portion of long-term debt and capital lease obligations 1,230,285 4,707,316
Total current liabilities 4,708,685 8,000,109
Deferred rent, net 37,704 52,643
Capital lease obligations, net 46,978 78,008
Warrant liability 923,616  
Long-term debt, net 8,669,151 7,436,171
Total liabilities 14,386,134 15,566,931
Commitments and Contingencies (See Note 11)
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; 39,315,591 and 39,215,591 shares issued and outstanding, respectively 39,316 39,216
Additional paid-in capital 3,109,473 2,963,841
Accumulated earnings (deficit) 1,477,022 (288,180)
Total stockholders’ equity 4,625,811 2,714,877
Total liabilities and stockholders’ equity 19,011,945 18,281,808
Property Plant and Equipment Excluding Assets Leased to Others    
Current assets:    
Property and equipment, net 356,253 298,877
Products Leased and Held for Lease, Net    
Current assets:    
Property and equipment, net $ 212,131 $ 134,485