Correction of Errors (Tables)

6 Months Ended

Jun. 30, 2012

Correction of Errors [Abstract]

Schedule of Effect on Previously Issued Financial Statements

Balance Sheet as of June 30, 2011:

	As Originally
	Reported						As Restated
	June 30,						June 30,
	2011			Adjustments			2011
Assets							(Restated)
Current assets:
Cash	$	89,858		$	600		$	90,458
Accounts receivable, net		201,950			-			201,950
Deferred financing cost, current		2,342			-			2,342
Other current assets		8,852			(600	)		8,252
Total current assets		303,002			-			303,002
Property and equipment, net		201,124			3,164			204,288
Intangible assets, net		355,178			190,001			545,179
Goodwill		253,588			(200,000	)		53,588
Prepaid expense		1,000,000			(1,000,000	)		-
Total assets	$	2,112,892		$	(996,836	)	$	1,106,057
Liabilities and Stockholders' Equity (Deficit)
Current liabilities:
Accounts payable and accrued liabilities	$	116,151		$	443		$	116,594
Deferred revenue		204,928			-			204,928
Current maturities of capital lease obligations payable		50,641			-			50,641
Current maturities of long term debt		61,731			-			61,731
Total current liabilities		433,451			443			433,894
Capital lease obligations payable, net of current maturities		52,295			-			52,295
Notes payable, related parties, net of current maturities		558,017			-			558,017
Long term debt, net of current maturities		257,675			36,392			294,067
Total liabilities		1,301,438			36,835			1,338,273
Stockholders' equity (deficit):
Common stock, Class A, $0.01 par value, 60,000,000 shares
authorized, 30,448,294 shares issued and outstanding		304,483			-			304,483
Common stock, Class B, $0.01 par value, 60,000,000 shares
authorized, 2,500,000 shares issued and outstanding		25,000			-			25,000
Additional paid in capital		2,268,360			-			2,268,360
Stockholders' receivable		-			(1,000,000	)		(1,000,000	)
Accumulated deficit		(1,786,389	)		(43,670	)		(1,848,658	)
Total stockholders' equity (deficit)		(811,454	)		(1,043,670	)		(232,216	)
Total liabilities and stockholders' equity (deficit)	$	2,112,892		$	(1,006,835	)	$	1,106,057

When the acquisition of IntelliSys was originally recorded, it erroneously included pre-acquisition activity. An adjustment was made to correct this error in the most recently restated reports. On the June 30, 2011 Amended Report the following adjustments were made:

Statement of Operations for the three months ended June 30, 2011:

	As Originally
	Reported						As Restated
	June 30,						June 30,
	2011			Adjustments			2011
							(Restated)
Revenue	$	282,707		$	(47,000	)	$	235,707
Expenses:
General and administrative		180,798			(3,360	)		177,438
Depreciation and amortization		29,271			3,333			32,604
Total operating expenses		210,069			(27	)		210,042
Net operating income		72,638			(46,973	)		25,665
Other income (expense):
Interest income		12			-			12
Interest expense		(13,882	)		-			(13,882	)
Total other income (expense)		(13,870	)		-			(13,870	)
Net income	$	58,768		$	(46,973	)	$	11,795

Statement of Operations for the six months ended June 30, 2011:

	As Originally
	Reported						As Restated
	June 30,						June 30,
	2011			Adjustments			2011
							(Restated)
Revenue	$	487,129		$	(36,839	)	$	450,290
Expenses:
General and administrative		324,709			6,224			330,933
Depreciation and amortization		52,978			6,666			59,644
Total operating expenses		377,687			12,890			390,577
Net operating income		109,442			(49,729	)		59,713
Other income (expense):
Interest income		27			-			27
Interest expense		(24,820	)		6,226			(18,594	)
Total other income (expense)		(24,793	)		6,226			(18,567	)
Net income	$	84,649		$	(43,503	)	$	41,146

The following adjustments were made on the June 30, 2011 Restated Statement of Cash Flows:

	As Originally
	Reported						As Restated
	June 30,						June 30,
	2011			Adjustments			2011
							(Restated)
Cash flows from operating activities
Net income (loss)	$	84,647		$	(43,501	)	$	41,146
Adjustments to reconcile net income (loss) to
net cash provided by operating activities:
Depreciation and amortization		52,978			5,374			58,352
Decrease (increase) in assets:
Accounts receivable		92,582			5			92,587
Increase (decrease) in liabilities:
Accounts payable		(37,787	)		-			(37,787	)
Accrued expenses		-			1,291			1,291
Deferred revenues		(61,963	)		-			(61,963	)
Net cash provided by operating activities		130,457			(36,831	)		93,626
Cash flows from financing activities
Proceeds on capital lease obligations payable		-			36,381			36,381
Payments on capital lease obligations payable		(72,541	)		-			(72,541	)
Proceeds from notes payable, related parties		66,530			-			66,530
Repayment of notes payable, related parties		(74,601	)		-			(74,601	)
Net cash used in financing activities		(80,612	)		36,381			(43,781	)
Net increase (decrease) in cash		49,845			-			49,845
Cash - beginning		40,013			600			40,613
Cash - ending	$	89,858		$	600		$	90,458
Supplemental disclosures:
Interest paid	$	13,882		$	-		$	13,882
Income taxes paid	$	-		$	-		$	-