XML 81 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash $ 101,871 $ 208,567
Accounts receivable, net 71,762 25,248
Other current assets 65,396 106,114
Total current assets 239,029 339,929
Property and equipment, net 130,973 113,410
Intangible assets, net 476,418 374,162
Goodwill 1,149,041 255,460
Total assets 1,995,461 1,082,961
Current liabilities:    
Dividends payable 11,000 11,000
Accounts payable 312,005 258,163
Accrued expenses 55,193 45,298
Accrued expenses, related parties 47,681 28,741
Deferred revenue 496,510 322,130
Lines of credit 86,544 73,232
Current maturities of capital lease obligations payable 4,987 17,421
Current maturities of notes payable, related parties ($841,618 currently in default) 930,868 397,368
Convertible debts, net of discounts of $1,112 and $105,300, respectively ($119,275 currently in default) 151,163 115,128
Current maturities of long term debts 612,898 354,786
Total current liabilities 2,708,849 1,623,267
Capital lease obligations payable, net of current maturities 3,174 0
Notes payable, related parties 0 85,000
Convertible debts, net of discounts of $-0- and $4,283, respectively 0 42,166
Long term debt, net of current maturities 1,039,472 857,143
Total liabilities 3,751,495 2,607,576
Stockholders' equity (deficit):    
Preferred stock 292,472 0
Common stock 681,973 347,886
Additional paid in capital 9,240,766 6,429,493
Stockholders' payable, consisting of 19,000,000 shares of Series C Convertible Preferred Stock and 28,875,000 shares of Class A Common Stock at June 30, 2014 26,353 0
Stockholders' receivable, consisting of -0- and 20,000,000 shares of Class A Common Stock, respectively 0 (800,000)
Accumulated deficit (11,997,598) (7,501,994)
Total stockholders' equity (deficit) (1,756,034) (1,524,615)
Total liabilities and stockholders' equity (deficit) 1,995,461 1,082,961
Series A Preferred Stock [Member]
   
Stockholders' equity (deficit):    
Preferred stock 0 0
Series B Preferred Stock [Member]
   
Stockholders' equity (deficit):    
Preferred stock 0 0
Series C Preferred Stock [Member]
   
Stockholders' equity (deficit):    
Preferred stock 292,472 0
Class A [Member]
   
Stockholders' equity (deficit):    
Common stock 679,673 346,836
Class B [Member]
   
Stockholders' equity (deficit):    
Common stock $ 2,300 $ 1,050