Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 786,903 $ 543,214
Accounts receivable, net of allowance for doubtful accounts of approximately $426,000 and $514,000, respectively 4,251,655 2,924,302
Inventory 433,894 341,118
Prepaid expenses and other current assets 589,454 1,001,449
Total current assets 6,061,906 4,810,083
Property and equipment, net 2,448,760 2,406,944
Other assets:    
Security deposits 446,855 439,741
Restricted cash 1,163,550 1,026,326
Goodwill 2,406,269 2,406,269
Intangible assets, net 14,289,467 15,396,117
Other assets 504,040 582,947
Total other assets 18,810,181 19,851,400
TOTAL ASSETS 27,320,847 27,068,427
Current liabilities:    
Notes payable - non-related parties 552,755 208,333
Notes payable - related parties 567,857 639,286
Equipment financing obligations 195,308 136,392
Escrow payable 706,700 0
Accounts payable and accrued expenses 8,440,521 10,579,496
Related party payable 1,000,213 1,159,573
Current liabilities from discontinued operations 55,000 55,000
Total current liabilities 11,518,354 12,778,080
Long-term liabilities:    
Notes payable - non-related parties, net of discount 14,319,247 14,475,747
Notes payable - related parties 4,061,422 4,492,136
Equipment financing obligations 104,487 102,071
Derivative liability 960,733 1,066,000
Other long-term liabilities 198,487 266,132
Total liabilities 31,162,730 33,180,166
Commitments and contingencies      
Stockholders' deficit:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, 11,907 shares issued and outstanding 119 119
Common stock, $0.01 par value, 550,000,000 shares authorized, 204,592,663 and 178,250,533 shares issued and outstanding 2,045,926 1,782,504
Capital in excess of par value 148,676,946 146,760,005
Accumulated deficit (154,564,874) (154,654,367)
Total stockholders' deficit (3,841,883) (6,111,739)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 27,320,847 $ 27,068,427