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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets    
Cash $ 77,659 $ 1,079,248
Accounts receivables (net of allowance for doubtful accounts of $599,232 and $498,535 for March 31, 2012 and December 31, 2011, respectively) 4,903,137 5,296,113
Other current assets 1,220,557 415,099
Total current assets 6,201,353 6,790,460
Intangible assets 15,583,698 16,595,261
Property and equipment – net 4,250 4,500
Other assets 929,791 1,039,632
TOTAL ASSETS 22,719,092 24,429,853
Current liabilities    
Accounts payable and accrued expenses 3,524,291 3,499,512
Note payable – revolving line of credit 3,761,207 4,309,317
Notes payable – other   140,000
Total current liabilities 7,285,498 7,948,829
Long-term debt 8,191,162 8,474,494
Derivative liability 426,659 333,329
Total liabilities 15,903,319 16,756,652
Stockholders' equity    
Preferred stock - $0.001 par value; authorized: 10,000,000,000 shares: issued and outstanding: none 0 0
Common stock - $0.001 par value; authorized: 5,000,000,000 shares: issued and outstanding 51,740,448 and 51,740,448 at March 31, 2012 and December 31, 2011, respectively 51,740 51,740
Additional paid-in capital 11,179,746 11,179,746
Accumulated deficit (4,415,713) (3,558,285)
Total stockholders' equity 6,815,773 7,673,201
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 22,719,092 $ 24,429,853