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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash and cash equivalents $ 15,758,871 $ 13,537,899
Restricted cash 229,774 199,776
Accounts receivable, net of an allowance for doubtful accounts of $0 at March 31, 2018 and $90,173 at December 31, 2017 1,954,495 2,058,284
Prepaid expenses and other current assets 1,153,742 900,369
Total current assets 19,096,882 16,696,328
NON-CURRENT ASSETS    
OTHER ASSETS 93,729 91,267
NOTE RECEIVABLE 601,583 594,520
PROPERTY AND EQUIPMENT, NET 4,176,199 4,713,710
LONG TERM INVESTMENTS 3,230,208 3,230,208
TOTAL ASSETS 27,198,601 25,326,033
CURRENT LIABILITIES    
Accounts payable and customer deposits 2,286,345 1,978,726
Net billings in excess of revenues 316,040 242,986
Accrued expenses and other payables 4,841,163 5,250,130
9%Unsecured Subordinate Convertible Promissory Note (current portion net of Debt Discount and Debt Issuance) 118,813 66,000
Total current liabilities 7,562,361 7,537,842
LONG TERM LIABILITIES    
Derivative liabilities 1,911,381 1,597,647
Other long term liabilities 137,465 151,163
Unsecured Convertible Promissory Note (net of Debt Discount and Debt Issuance) 600,743 617,848
Total long term liabilities 2,649,589 2,366,658
Total liabilities 10,211,950 9,904,500
Commitments and Contingencies (See Notes)
STOCKHOLDERS’ EQUITY    
Common Stock $0.00001 par value, 500,000,000 shares authorized, 51,046,394 issued and outstanding as of March 31, 2018 and 46,617,093 shares issued and outstanding as of December 31, 2017 324,866,254 321,271,437
Accumulated other comprehensive loss (6,202,289) (6,306,691)
Accumulated deficit (301,677,314) (299,543,213)
Total stockholders’ equity 16,986,651 15,421,533
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 27,198,601 $ 25,326,033