Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 1,212,514 $ 543,214
Accounts receivable, net of allowance for doubtful accounts of approximately $440,000 and $514,000, respectively 3,978,844 2,924,302
Inventory 435,808 341,118
Prepaid expenses and other current assets 559,056 1,001,449
Total current assets 6,186,222 4,810,083
Property and equipment, net 2,633,847 2,406,944
Other assets:    
Security deposits 646,855 439,741
Restricted cash 396,036 1,026,326
Goodwill 2,603,525 2,406,269
Intangible assets, net 13,736,143 15,396,117
Other assets 476,329 582,947
Total other assets 17,858,888 19,851,400
TOTAL ASSETS 26,678,957 27,068,427
Current liabilities:    
Notes payable - non-related parties 625,000 208,333
Notes payable - related parties 439,286 639,286
Equipment financing obligations 285,702 136,392
Escrow payable 122,500   
Accounts payable and accrued expenses 7,638,426 10,579,496
Related party payable 667,793 1,159,573
Current liabilities from discontinued operations 55,000 55,000
Total current liabilities 9,833,707 12,778,080
Long-term liabilities:    
Notes payable - non-related parties, net of discount 14,245,256 14,475,747
Notes payable - related parties 3,478,081 4,492,136
Equipment financing obligations 190,161 102,071
Derivative liability 1,798,875 1,066,000
Other long-term liabilities 167,685 266,132
Total liabilities 29,713,765 33,180,166
Commitments and contingencies      
Stockholders' deficit:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, 5,045 and 11,907 shares issued and outstanding 50 119
Common stock, $0.01 par value, 550,000,000 shares authorized, 299,267,114 and 178,250,533 shares issued and outstanding 2,992,670 1,782,504
Capital in excess of par value 150,729,450 146,760,005
Accumulated deficit (156,756,978) (154,654,367)
Total stockholders' deficit (3,034,808) (6,111,739)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 26,678,957 $ 27,068,427