2 3 4 5 6 Cash B of A #0144 Ckg - 7 - Cash B of A #1605 Savings 8 Cash B of A #1649 Ckg 9 Cash - B of A #6766 Ckg Trial Balance As of December 31, 2013 Debit Credit 25.00 3.23 293,833.90 499,713.31 10 Cash B of A #6779 Invstmnt 11 Cash B of A #7336 Freesource - 12 Cash Square 1 Checking (6238) - 13 Accounts Receivable 35.00 26,247.62 49,975.00 732,206.50 14 Allowance for Bad Debts 2,500.00 15 Loans to Stockholders 20,000.00 16 Misc Receivable 7,300.00 17 Prepaid Expenses 26,050.53 18 Computers 56,244.61 19 Computers:Accumulated Depreciation - Computers 16,845.74 20 Furniture 15,545.18 21 Furniture:Accumulated Depreciation - Furniture 3,203.62 22 Security Deposits 23 Accounts Payable 24 401(k) Payable 25 Accrued Bonus(Comp Bonus Plan) 26 Accrued Commissions 27 Accrued Expenses 28 Unearned Revenue 29 Warrant liability 30 Additional Paid In Capital 31 Common Stock 32 Opening Balance Equity 33 Preferred Stock 34 Retained Earnings 35 Consulting 36 Software Configuration Consulting 37 Software License 38 Training 39 Computer services/Supplies - Production 40 Health Benefits - Production 41 Meals and Entertainment - Production 42 Payroll Taxes - Production 3,949.96 40,499.32 3,601.02 49,500.00 36,201.45 77,245.36 942,475.02 1,095,975.49 8,904.00 873,631.64 320.07 1.00 3,136,589.32 9,967.00 178,720.03 274,012.43 275,814.78 9,832.97 3,252.93 1,116.84 6,953.77 43 Payroll Wages - Production 84,743.43 44 Production Costs 50,012.58 45 Travel Production 1,193.32 46 Product Development:Contractor - Product Development 411,985.99 47 Product Development:Health Benefits - Product Development 26,285.93 48 Product Development:meals and entertainment 710.66 49 Product Development: Payroll Taxes - Product Development 33,346.25 A 49 Product Development: Payroll Taxes - Product Development 50 Product Development: Payroll Wages - Product Development 51 Product Development: Stock Based Compensation 52 Product Development: Travel 53 Sales & Marketing:Advertising - Sales & Marketing B C 33,346.25 352,990.74 1,341.35 1,772.82 42,223.42 54 Sales & Marketing:Commissions & Fees - Sales & Marketing 55 Sales & Marketing:Computer services/Supplies 169,910.23 43,099.10 56 Sales & Marketing:Dues & subscriptions 10,284.87 57 Sales & Marketing: Health Benefits - Sales & Marketing 21,889.21 58 Sales & Marketing: Meals & Entertainment - Sales & Marketing 20,657.81 59 Sales & Marketing: Office Supplies 846.44 60 Sales & Marketing:Payroll Taxes - Sales & Marketing 63,714.88 61 Sales & Marketing:Payroll Wages - Sales & Marketing 595,273.17 62 Sales & Marketing:Promotional - Sales & Marketing 63 Sales & Marketing:Public Relations - Sales & Marketing 47.59 29,866.67 64 Sales & Marketing: Stationary and Printing - Sales & Marketing 10,560.39 65 Sales & Marketing: Stock Based Compensation 4,523.28 66 Sales & Marketing: Trade Show / Conferences- Sales & Marketing 10,851.18 67 Sales & Marketing: Travel - Sales & Marketing 40,657.76 68 General & Administrative:Advertising 69 General & Administrative:Bad Debts 70 General & Administrative:Bank Charges 71 General & Administrative: Business Gift 72 General & Administrative:Charitable Contributions 73 General & Administrative:Commissions & Fees 1,468.05 2,500.00 2,051.97 5,927.08 313.00 100.00 74 General & Administrative:Comp Bonus Plan 49,500.00 75 General & Administrative:Computer services/supplies 43,086.29 76 General & Administrative:Contractors 189,166.73 77 General & Administrative: Dues & Subscriptions 544.71 42,277.88 78 General & Administrative:Guaranteed Payment 79 General & Administrative:Health Benefits 80 General & Administrative:Insurance 81 General & Administrative:Legal & Professional Fees 82 General & Administrative: Meals and Entertainment 83 General & Administrative: Office Expenses 84 General & Administrative: Office Parking 85 General & Administrative: Office Supplies 86 General & Administrative:Payroll Fees 87 General & Administrative:Payroll Taxes - General & Administrative 88 General & Administrative:Payroll Wages - General & Administrative 89 General & Administrative: Postage/Messenger/Delivery/Freight 90 General & Administrative:Rent 91 General & Administrative: Stationery & Printing 92 General & Administrative: Stock Based Compensation 93 General & Administrative: Supplies 94 General & Administrative: Taxes & Licenses 95 General & Administrative: Telephone 96 General & Administrative: Travel 97 Depreciation 98 Interest Expense 10,660.30 18,988.93 151,434.85 24,075.98 3,664.06 3,571.04 30,820.88 13,715.55 12,885.55 158,076.30 3,322.07 74,886.94 5,003.41 43,108.96 34.00 24,198.90 18,073.37 96,531.89 12,035.99 4,543.21 98 Interest Expense 99 Loss on extinguishment of debt 100 Non-cash interest 101 TOTAL 102 103 4,543.21 5,818.00 595.00 $ 5,930,031.80 $ 5,930,031.80 2 3 Trial Balance As of December 31, 2014 4 5 6 Cash Square 1 Checking (6238) - 7 Accounts Receivable 8 Loans to Stockholders 9 Prepaid Expenses 10 Computers 11 Computers:Accumulated Depreciation - Computers 12 Furniture 13 Furniture:Accumulated Depreciation - Furniture 14 Security Deposits 15 Accounts Payable 16 Square 1 Credit Card(NE) 17 Square1 Credit Card (LH) 18 Accrued Commissions 19 Accrued Expenses 20 D&O Loan Payable 21 Unearned Revenue 22 Warrant liability 23 Convertible Notes Payable 24 Additional Paid In Capital 25 Common Stock 26 Opening Balance Equity 27 Preferred Stock 28 Retained Earnings 29 Software Configuration Consulting 30 Software License 31 Training 32 Computer services/Supplies - Production 33 Health Benefits - Production 34 Meals and Entertainment - Production Debit 411,028.12 496,691.50 Credit 20,067.15 73,276.73 64,520.69 30,549.75 14,877.57 5,201.84 3,949.96 148,882.28 2,744.00 25,270.64 43,354.98 3,460,387.72 41,175.19 5,021.83 59.95 12,640.18 135,530.70 26,612.59 2.92 134,078.26 2,499.84 1,197,249.02 8,904.00 1,570,002.13 902,114.80 320.07 1.00 3,136,589.32 114,157.97 1,205,524.53 322,676.00 35 Payroll Taxes - Production 36 Payroll Wages - Production 37 Production Costs 39 Travel Production 38 Stock Based Compensation 183.36 40 Product Development: Contractor - Product Development 161,465.07 41 Product Development: Health Benefits - Product Development 61,712.86 42 Product Development:meals and entertainment 43 Product Development: Payroll Taxes - Product Development 1,455.03 62,305.54 A 43 Product Development: Payroll Taxes - Product Development 44 Product Development: Payroll Wages - Product Development 45 Product Development: Stock Based Compensation B 62,305.54 786,499.78 1,208.30 46 Product Development: Travel 2,476.77 47 Sales & Marketing: Advertising - Sales & Marketing 8,637.14 48 Sales & Marketing:Commissions & Fees - Sales & Marketing 247,821.34 49 Sales & Marketing: Computer services/Supplies 45,268.40 50 Sales & Marketing: Consultant 47,203.55 51 Sales & Marketing:Dues & subscriptions 43,516.15 52 Sales & Marketing:Health Benefits - Sales & Marketing 38,765.91 53 Sales & Marketing: Meals & Entertainment - Sales & Marketing 54 Sales & Marketing: Office Supplies 17,369.38 2,258.62 55 Sales & Marketing:Payroll Taxes - Sales & Marketing 85,332.21 56 Sales & Marketing:Payroll Wages - Sales & Marketing 823,736.51 57 Sales & Marketing: Promotional - Sales & Marketing 2,519.00 58 Sales & Marketing:Public Relations - Sales & Marketing 46,813.16 59 Sales & Marketing: Stationary and Printing - Sales & Marketing 9,444.59 60 Sales & Marketing: Stock Based Compensation 2,762.63 61 Sales & Marketing: Trade Show / Conferences- Sales & Marketing 84,495.14 62 Sales & Marketing: Travel - Sales & Marketing 61,046.00 63 General & Administrative:Advertising 2,791.21 64 General & Administrative:Bank Charges 20,346.70 65 General & Administrative:Business Gift 66 General & Administrative:Computer services/supplies 67 General & Administrative:Contractors 68 General & Administrative: Dues & Subscriptions 69 General & Administrative:Health Benefits 70 General & Administrative:Insurance 7,471.11 82,463.24 425,836.49 1,670.95 19,306.74 19,683.47 71 General & Administrative:Legal & Professional Fees 72 General & Administrative:Meals and Entertainment 73 General & Administrative:Occupancy Fees/Taxes 74 General & Administrative: Office Expenses 75 General & Administrative: Office Parking 76 General & Administrative: Office Supplies 77 General & Administrative:Payroll Fees 78 General & Administrative:Payroll Taxes - General & Administrative 79 General & Administrative:Payroll Wages - General & Administrative 80 General & Administrative:Postage/Messenger/Delivery/Freight 81 General & Administrative:Recruiting 82 General & Administrative:Rent 83 General & Administrative:Repair & Maintenance 84 General & Administrative: Stationery & Printing 85 General & Administrative: Stock Based Compensation 117,831.28 54,005.12 6,650.73 6,420.74 4,720.94 21,096.94 37,599.53 15,387.80 237,511.13 5,570.87 15,000.00 112,169.26 2,291.09 1,978.76 20,024.31 85 General & Administrative:Stock Based Compensation 86 General & Administrative: Taxes & Licenses 87 General & Administrative: Telephone 88 General & Administrative: Travel 89 Interest Earned 90 Other Income 91 Deferred Financing Costs 92 Depreciation 93 Interest Expense 94 Non-cash interest 95 TOTAL 96 97 20,024.31 6,018.77 21,785.73 72,559.58 67.15 2,951.20 9,223.67 23,622.18 63,428.20 8,533.00 $ 8,853,138.78 $ 8,853,138.78 A B C D E LL F 2 3 4 For the Year Ended December 31, 2014 2013 5 Revenues 6 7 8 Software License Consulting & Training Revenues 9 10 11 12 13 14 15 16 17 Cost and Expenses: Cost of revenues Product development Sales and marketing General and administrative Depreciation and amortization Total expenses 18 19 Operating loss 20 21 22 Interest expense Other (income) expense Net loss 23 24 25 26 27 28 G