XML 13 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 195,177 $ 470,341
Accounts receivable, net of allowance for doubtful accounts of $298,506 at March 31, 2016 and $295,759 at December 31, 2015 286,256 141,830
Customer short-term notes receivable, net of allowance for doubtful accounts of $748,839 at March 31, 2016, and $632,422 at December 31, 2015 202,412 276,168
Other current assets 7,425 11,100
Total current assets 691,270 899,439
Long-term assets:    
Customer long-term notes receivable, net of allowance for doubtful accounts of $345,285 at March 31, 2016, and $461,702 at December 31, 2015 122,411 199,669
Property and equipment, net of accumulated depreciation of $1,146,325 on March 31, 2016 and $1,035,960 on December 31, 2015 965,428 896,146
Intangible assets, net of accumulated amortization of $674,864 on March 31, 2016 and $626,579 on December 31, 2015 1,522,290 1,570,575
Other assets 18,276 18,274
TOTAL ASSETS 3,319,675 3,584,103
Current liabilities    
Convertible notes 1,032,892 1,817,320
Notes payable 0 70,262
Due to related party 65,000 100,000
Accounts payable and accrued liabilities 1,511,495 1,867,233
Accrued interest payable 18,676 23,090
Deferred revenue 661,779 751,912
Deferred acquisition related payable 0 10,000
Cash received in connection with tender offer 0 661,424
Derivative liabilities - convertible options 198,630 179
Derivative liabilities - warrants 3,512,570 0
Total current liabilities 7,001,042 5,301,420
Long-term liabilities:    
Total liabilities 7,001,042 5,301,420
Stockholders deficit:    
Series C Preferred; $0.001 par value; 4,299,081 shares authorized; 3,700,729 shares issued and outstanding as of March 31, 2016 and December 31, 2015 3,701 3,701
Common stock; $0.001 par value; 300,000,000 shares authorized; 40,023,825 and 20,458,761 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively 40,024 20,459
Additional paid-in capital 93,775,512 90,879,480
Accumulated deficit (97,500,604) (92,620,957)
Total stockholders' deficit (3,681,367) (1,717,317)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 3,319,675 $ 3,584,103