Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 55,000 $ 424,000
Receivables 58,000 74,000
Prepaid expenses and other current assets 90,000 77,000
Total current assets 203,000 575,000
Property and equipment, net 5,000 6,000
Other assets 32,000 32,000
Total assets 240,000 613,000
Current liabilities    
Accounts payable 1,340,000 863,000
Accrued expenses 857,000 857,000
Dividends payable 8,373,000 6,663,000
Current portion of deferred revenue 602,000 578,000
Total current liabilities 11,172,000 8,961,000
Derivative liability - preferred stock 12,300,000 1,190,000
Long-term deferred revenue 5,170,000 5,241,000
Total liabilities 28,642,000 15,392,000
Commitments and contingencies      
Stockholders' deficit    
Common stock - $.01 par value; authorized 200,000,000 shares; issued, 26,449,443 at June 30, 2014 and 25,729,443 at December 31, 2013 265,000 257,000
Additional paid-in capital 252,575,000 251,389,000
Treasury stock, at cost - 163 shares (4,000) (4,000)
Accumulated deficit (281,238,000) (266,421,000)
Total stockholders' deficit (28,402,000) (14,779,000)
Total liabilities and stockholders' deficit 240,000 613,000
Series A Convertible Preferred Stock [Member]
    
Stockholders' deficit    
Convertible preferred stock 0 0
Series B Convertible Preferred Stock [Member]
    
Stockholders' deficit    
Convertible preferred stock $ 0 $ 0