XML 20 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 96,513 $ 165,139
Restricted cash 250,000 70,445
Accounts receivable, net 38,027 6,630
Prepaid expenses 131,657 53,073
Total current assets 516,197 295,287
Property and equipment, net 171,044 164,657
Capitalized software, net 663,462 172,510
Intangible assets, net 126,589 117,685
Other assets 21,170 16,836
TOTAL ASSETS 1,498,462 766,975
Current liabilities:    
Accounts payable 678,238 580,850
Notes payable 5,017,060 5,037,815
Deferred revenue 82,147 31,658
Settlement related financial instrument liability (See Note 2) 2,212,500 1,770,000
Accrued liabilities 448,600 520,967
Total current liabilities 8,438,545 7,941,290
Long-term liabilities:    
Notes payable (See Note 3) 17,941,375 15,625,075
Deferred revenue 2,974 1,505
Total long-term liabilities 17,944,349 15,626,580
Total liabilities 26,382,894 23,567,870
Stockholders' deficit:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued and outstanding at June 30, 2012 and December 31, 2011      
Common stock, $0.001 par value, 45,000,000 shares authorized, 18,352,542 shares issued and outstanding at June 30, 2012 and December 31, 2011 18,353 18,353
Additional paid-in capital 67,135,755 67,118,452
Accumulated deficit (92,038,540) (89,937,700)
Total stockholders' deficit (24,884,432) (22,800,895)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,498,462 $ 766,975