XML 28 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current Assets:    
Cash $ 1,690 $ 16,006
Accounts receivable-trade (net of allowance) 21,302 226,903
Unbilled accounts receivable 0 77,500
Inventory 8,937 8,937
Other current assets 22,249 23,145
Total current assets 54,178 352,491
Property and equipment, net 99,850 136,991
Note receivable 605,000 605,000
Other assets 13,732 23,486
Total assets 772,760 1,117,968
Current Liabilities:    
Bank overdraft 2,637 41,593
Accounts payable and accrued expenses 3,247,904 2,987,495
Convertible debentures and notes payable - current portion 3,708,748 2,929,342
Preferred stock dividend payable 56,283 53,240
Due to officer 1,245,863 1,098,600
Due to shareholders & related parties 77,481 43,267
Total current liabilities 8,338,916 7,153,537
Convertible debentures and notes payable, less current portion 1,062,570 1,447,697
Derivative liability related to convertible debentures 12,774,871 9,181,564
Total liabilities 22,176,357 17,782,798
Stockholders' Deficit:    
12% non-voting convertible redeemable preferred stock: $0.10 par value, 25,357 shares authorized: 25,357 shares issued and outstanding at March 31, 2011 and December 31, 2010: aggregate liquidation preference, $50,714 at March 31, 2011 and December 31, 2010 2,536 2,536
Series B voting convertible redeemable preferred stock: $0.10 par value 135,000 shares authorized: 106,294 shares issued and outstanding at March 31, 2011, and December 31, 2010 10,629 10,629
Series C voting convertible redeemable preferred stock: $0.10 par value 300,000 shares authorized, issued and outstanding at March 31, 2011 and December 31, 2010 30,000 30,000
Series D voting non-convertible preferred stock: $0.001 par value 6,500,000 shares authorized, issued and outstanding at March 31, 2011 and December 31, 2010 6,500 6,500
Series E voting non-convertible preferred stock: $0.001 par value, 100,000,000 shares authorized: 31,000,000 shares issued and outstanding at March 31, 2011 and December 31, 2010 31,000 31,000
Common Stock: $0.0001 par value, 10,000,000,000 shares authorized; 2,960,067,399 shares issued and outstanding at March 31, 2011 and 2,267,809,905 shares issued and outstanding at December 31, 2010 634,953 226,780
Additional paid-in capital:    
Attributed to 12% non-voting convertible preferred stock 22,606 22,606
Attributed to series B voting convertible preferred stock 2,433,114 2,433,114
Attributed to series C voting convertible preferred stock 22,000 22,000
Attributed to common stock 24,980,050 24,606,245
Accumulated deficit (49,576,985) (44,056,240)
Total stockholders' deficit (21,403,597) (16,664,830)
Total liabilities & stockholders' deficit $ 772,760 $ 1,117,968