v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash $ 21,777 $ 181,725
Accounts receivable, net 34,522 92,232
Prepaid expenses and other current assets 417,823 337,508
Due from related parties 170,345 228,980
Prepaid acquisition costs    713,150
Total current assets 644,467 1,553,595
Intangible assets, net 1,797,886 582,424
Goodwill 549,435 627,134
TOTAL ASSETS 2,991,788 2,763,153
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable and accrued expenses 955,969 253,976
Deferred revenue 29,208 77,433
Notes payable, related parties 351,870 426,870
Notes payable 144,210   
Convertible notes, related parties, net    5,068
Convertible notes, net 80,500 65,677
Total current liabilities 1,561,757 829,024
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 2,043,120 and -0- shares issued and outstanding, respectively 2,043   
Common stock, $0.001 par value; 100,000,000 shares authorized; 52,893,571 and 50,018,625 shares issued and outstanding, respectively 52,894 50,019
Additional paid-in capital 13,291,900 11,800,050
Stock subscription payable 200,000 186,000
Accumulated deficit (12,116,806) (10,101,940)
Total stockholders' equity 1,430,031 1,934,129
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,991,788 $ 2,763,153