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CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash $ 697,269 $ 610,439
Retained interest in purchased accounts receivable, net 7,517,934 7,019,463
Due from client 372,149  
Earned but uncollected fee income 174,112 168,805
Prepaid expenses and other 96,056 100,998
Total current assets 8,857,520 7,899,705
PROPERTY AND EQUIPMENT, net 23,517 14,257
SECURITY DEPOSITS 6,023 6,023
Total Assets 8,887,060 7,919,985
CURRENT LIABILITIES:    
Due to financial institution 5,966,448 4,977,763
Accounts payable 46,259 86,772
Accrued payroll and related taxes 55,458 69,338
Accrued expenses 33,882 59,252
Collected but unearned fee income 29,737 28,642
Total current liabilities 6,131,784 5,221,767
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY    
PREFERRED STOCK, net of issuance costs of $1,209,383 671,409 671,409
COMMON STOCK 1,863 1,863
ADDITIONAL PAID IN CAPITAL 7,500,835 7,496,693
ACCUMULATED DEFICIT (5,418,831) (5,471,747)
Total Stockholders' Equity 2,755,276 2,698,218
Total Liabilities and Stockholder's Equity $ 8,887,060 $ 7,919,985