Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.5.0.2
COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 30, 2016
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Client Revenue Concentrations

For the nine months ended September 30, 2016 and 2015, respectively, we had the following client revenue concentrations:

 

 

 

Location

 

2016

Revenue

 

 

2015

Revenue

 

Client A

 

North America

 

 

13.6%

 

 

 

14.8%

 

Client B

 

North America

 

 

6.9%

 

 

 

5.5%

 

Client C

 

North America

 

 

6.2%

 

 

 

6.8%

 

Client D

 

North America

 

 

5.7%

 

 

 

3.5%

 

Client E

 

United Kingdom

 

 

5.3%

 

 

 

6.7%

 

 

Schedule of Future Minimum Lease Payments

Future minimum lease payments are as follows:

 

Twelve Months Ending

September 30,

 

Annual Obligation

 

2017

 

$

229,236

 

2018

 

 

237,972

 

2019

 

 

184,794

 

2020

 

 

1,401

 

2021

 

 

 

 

 

$

653,403

 

 

Schedule of Settlement Income

Settlement Income

 

Amount

 

Release of accrued royalties owed to AGS

 

$

347,214

 

Payment from AGS

 

 

350,000

 

 

 

$

697,214