Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 76,315 $ 67,045
Accounts receivable (less allowance for doubtful accounts of $15,000 in 2016 and $15,000 in 2015) 222,723 118,619
Prepaid expenses and other current assets 138,477 231,443
Total Current Assets 437,515 417,107
Property and Equipment:    
Property and equipment 3,375,958 3,375,958
Less-Accumulated depreciation (3,172,716) (3,064,492)
Net Property and Equipment 203,242 311,466
Other Assets:    
Goodwill 2,201,828 2,201,828
Employee loans 85,800
Other assets 15,156 6,060
Intangible assets, net 335,115 350,433
Investment in joint venture - at equity 19,907 20,117
Total Other Assets 2,572,006 2,664,238
Total Assets 3,212,763 3,392,811
Current Liabilities:    
Accounts payable and accrued expenses 1,307,323 1,051,349
Revolving credit facility 99,292 99,292
Dividend payable 564,785 513,073
Deferred revenue 403,746 436,563
Leases payable 249,168 241,983
Due to Officer 15,000
Note payable - bank 350,000 350,000
Convertible debt - related parties net of discount 901,924 901,924
Total Current Liabilities 3,891,238 3,594,184
Deferred rental obligation 1,578 1,251
Note Payable - related party 12,000 12,000
Leases payable long-term 220,176 346,583
Convertible debt - related parties 1,189,439 1,189,439
Total Long Term Liabilities 1,423,193 1,549,273
Total Liabilities 5,314,431 5,143,457
Stockholders' Deficit:    
Preferred Stock, $.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; 36,588,240 shares issued and outstanding in each period 36,588 36,588
Additional paid in capital 12,829,612 12,805,332
Accumulated deficit (14,969,270) (14,593,968)
Total Stockholders' (Deficit) Equity (2,101,668) (1,750,646)
Total Liabilities and Stockholders' (Deficit) $ 3,212,763 $ 3,392,811