XML 27 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
BALANCE SHEETS (UNAUDITED) (USD $)
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash $ 757,986 $ 659,204
Accounts receivable - trade 67,188 74,056
Prepaid expenses and other 97,919 519,330
Total current assets 923,093 1,252,590
PROPERTY AND EQUIPMENT, at cost: 4,237 21,651
Less - accumulated depreciation and amortization (1,442) (19,462)
Net property and equipment 2,795 2,189
OTHER ASSETS:    
Investment in DecisionPoint Systems, Inc. 442,281 579,875
Investment in MEDL Mobile Holdings, Inc. 46,179   
Investment in Endexx Corporation 10,010   
Other assets 68,251 64,227
Total other assets 566,721 644,102
TOTAL ASSETS 1,492,609 1,898,881
CURRENT LIABILITIES:    
Current maturities of long-term debt 90,000 90,000
Accounts payable - trade and accrued liabilities 139,065 84,062
Unearned income    500,000
Total current liabilities 229,065 674,062
LONG-TERM DEBT, less current maturities    
Note Payable - Shareholders 579,202 541,752
Oklahoma Technology Commercialization Center 57,500 125,000
Convertible debentures 150,000 150,000
Total long-term debt, less current maturities 786,702 816,752
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY:    
Common stock, $.01 par value; authorized 500,000,000 shares; issued and outstanding 188,644,731 and179,831,987 shares, at September 30, 2013 and December 31, 2012, respectively 1,886,447 1,798,320
Additional paid-in capital 13,298,362 13,230,111
Accumulated other comprehensive income (316,530) (170,125)
Accumulated deficit (14,391,437) (14,450,239)
Total stockholders' equity 476,842 408,067
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,492,609 $ 1,898,881