v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash $ 55,637 $ 181,725
Accounts receivable, net 200,368 92,232
Prepaid expenses and other current assets 547,371 337,508
Due from related parties 144,305 228,980
Prepaid acquisition costs    713,150
Total current assets 947,681 1,553,595
Property and equipment, net 72,602   
Intangible assets, net 1,685,718 582,424
Goodwill 774,047 627,134
Total other assets 2,532,367 1,209,558
TOTAL ASSETS 3,480,048 2,763,153
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable and accrued expenses 1,218,097 253,976
Deferred revenue 61,998 77,433
Notes payable, related parties 351,870 426,870
Notes payable 116,472   
Convertible notes, related parties, net of discount    5,068
Convertible notes, net of discount 47,890 65,677
Total current liabilities 1,796,327 829,024
STOCKHOLDERS' EQUITY    
Preferred stock, $0.001 par value; 25,000,000 shares authorized; 5,343,120 and -0- shares issued and outstanding, respectively 5,343   
Common stock, $0.001 par value; 250,000,000 shares authorized; 62,084,821 and 50,018,625 shares issued and outstanding, respectively 62,085 50,019
Stock subscription payable 123,000 186,000
Additional paid-in capital 18,268,071 11,800,050
Accumulated other comprehensive income 330   
Accumulated deficit (16,775,108) (10,101,940)
Total stockholders' equity 1,683,721 1,934,129
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,480,048 $ 2,763,153