v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash $ 199,759 $ 181,725
Accounts receivable, net 138,397 92,232
Prepaid expenses and other current assets 138,677 337,508
Due from related parties    228,980
Prepaid acquisition costs    713,150
Total current assets 476,833 1,553,595
Property and equipment, net 63,693   
Intangible assets, net 614,050 582,424
Goodwill 774,047 627,134
Total other assets 1,451,790 1,209,558
TOTAL ASSETS 1,928,623 2,763,153
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable and accrued expenses 432,953 253,976
Deferred revenue    77,433
Notes payable, related parties 351,870 426,870
Convertible notes, net of discount 137,399 65,677
Convertible notes, related parties, net of discount 19,726 5,068
Derivative liability 138,267   
Derivative liability, related party 139,193   
TOTAL CURRENT LIABILITIES 1,219,408 829,024
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; 66,538,869 and 50,018,625 shares issued and outstanding, respectively 66,539 50,019
Stock subscription payable    186,000
Additional paid-in capital 19,521,586 11,800,050
Accumulated other comprehensive income (1,998)   
Accumulated deficit (18,882,255) (10,101,940)
Total stockholders' equity 709,215 1,934,129
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,928,623 $ 2,763,153