XML 19 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash $ 140,510 $ 140,271
Accounts receivable, net 109,699 335,453
Prepaid expenses and other current assets 46,305 18,398
Total current assets 296,514 494,122
Property and equipment, net 70,563 32,771
Other assets 43,902 46,404
Total assets 410,979 573,297
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable and accrued expenses 772,081 389,080
Accrued expenses, related parties 5,283 0
Deferred revenues 884,961 964,043
Notes payable - current 1,188,510 747,778
Notes payable - related party - current 288,000 0
Total current liabilities 3,138,835 2,100,901
Long-term liabilities:    
Deferred compensation 215,011 215,011
Notes payable - net of current portion 1,457,472 1,528,915
Notes payable - related party 262,707 262,707
Deferred interest expense 25,814 17,063
Other long-term liabilities - related parties 162,572 157,859
Total long-term liabilities 2,123,576 2,181,555
Total liabilities other than shares 5,262,411 4,282,456
Shares subject to mandatory redemption 0 111,235
Total liabilities 5,262,411 4,393,691
Commitments and contingencies      
Excess of liabilities over assets (deficit) 0 (3,820,394)
Total liabilities and excess of liabilities over assets (deficit) 5,262,411 573,297
Stockholders' deficit:    
Common stock, $0.001 par value, 50,000,000 shares authorized; 32,590,850 shares issued and outstanding at March 31, 2012 32,591 0
Additional paid-in capital (deficit) (52,975) 0
Accumulated deficit (4,831,048) 0
Total stockholders' deficit (4,851,432) 0
Total liabilities and excess of liabilities over assets (deficit) and stockholders' deficit $ 410,979 $ 573,297