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 $ 208,110 $ 87,675
Accounts receivable (less allowance for doubtful accounts of $15,000 in 2014 and $26,801 in 2013) 284,412 258,567
Prepaid compensation 4,139 9,052
Prepaid expenses and other current assets 38,017 171,584
Total Current Assets 534,678 526,878
Property and Equipment:    
Property and equipment 3,889,799 3,859,528
Less - Accumulated depreciation (2,961,440) (2,728,547)
Net Property and Equipment 928,359 1,130,981
Other Assets:    
Goodwill 2,201,828 2,201,828
Investment in joint venture - at equity 19,538   
Other assets 2,460 3,608
Intangible assets, net 539,003 658,769
Employee loan 56,100 45,730
Total Other Assets 2,818,929 2,909,935
Total Assets 4,281,966 4,567,794
Current Liabilities:    
Accounts payable and accrued expenses 888,061 984,866
Revolving credit facility 100,292 100,292
Due to related party 229,712 207,848
Dividend payable 372,521 330,811
Deferred revenue 622,456 703,941
Leases payable 214,042 736,636
Loans payable    47,312
Convertible debt - related parties net of discount 698,115 186,215
Contingent collateral obligation 350,000 356,204
Total Current Liabilities 3,475,199 3,654,125
Deferred rental obligation    5,187
Due to officer 928,364 801,875
Leases payable long term 680,880 86,180
Convertible debt - related parties    500,000
Total Long Term Liabilities 1,609,244 1,393,242
Total Liabilities 5,084,443 5,047,367
Stockholders' Deficit:    
Preferred Stock, $0.001 par value; 10,000,000 shares authorized; 1,401,786 shares issued and outstanding in each period 1,402 1,402
Common stock, par value $0.001; 250,000,000 shares authorized; 36,125,845 shares issued and outstanding in each period 36,126 36,126
Additional paid in capital 12,609,646 12,540,018
Accumulated deficit (13,449,651) (13,057,119)
Total Stockholders' Deficit (802,477) (479,573)
Total Liabilities and Stockholders' Deficit $ 4,281,966 $ 4,567,794