Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 165,000 $ 424,000
Receivables 3,000 74,000
Prepaid expenses and other current assets 76,000 77,000
Total current assets 244,000 575,000
Property and equipment, net 4,000 6,000
Other assets 32,000 32,000
Total assets 280,000 613,000
Current liabilities    
Accounts payable 1,630,000 863,000
Accrued expenses 857,000 857,000
Short-term note payable 250,000 0
Dividends payable 9,277,000 6,663,000
Current portion of deferred revenue 602,000 578,000
Total current liabilities 12,616,000 8,961,000
Derivative liability - preferred stock 13,000,000 1,190,000
Long-term deferred revenue 5,019,000 5,241,000
Total liabilities 30,635,000 15,392,000
Commitments and contingencies      
Stockholders' deficit    
Common stock - $.01 par value; authorized 200,000,000 shares; issued, 534,589 at September 30, 2014 and 514,589 at December 31, 2013 6,000 6,000
Additional paid-in capital 253,090,000 251,640,000
Treasury stock, at cost - 163 shares (4,000) (4,000)
Accumulated deficit (283,447,000) (266,421,000)
Total stockholders' deficit (30,355,000) (14,779,000)
Total liabilities and stockholders' deficit 280,000 613,000
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