XML 21 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) (USD $) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash and Cash Equivalents $ 23,041   
Accounts Receivable 176,545   
Miscellaneous Receivable 3,199 10,569
Prepaids Expenses 2,352 4,950
Total Current Assets 205,137 15,519
Property and Equipment - net 62,496 29,313
Other Assets:    
Intangible Assets, net 74,994 80,549
Security Deposits 500 500
Total Other Assets 75,494 81,049
TOTAL ASSETS 343,127 125,881
Current Liabilities:    
Cash Overdraft    1,309
Convertible Debenture Payable, net of discount of $156,791 and $ -0- at June 30, 2012 and December 31 , 2011, respectively 18,209   
Accounts Payable and Accrued Expenses 255,788 290,527
Accrued Officer's Compensation 30,000 20,000
Notes Payable - Current Portion    2,157
Loan payables - Officer 129,130 81,468
Total Current Liabilities 433,127 395,461
Long-term Liabilities:    
Convertible Debenture Payable, net of discount of $ -0- and $73,398 at June 30, 2012 and December 31 , 2011, respectively    1,602
Total Liabilities 433,127 397,063
COMMITMENTS AND CONTINGENCIES      
Stockholders' Deficiency:    
Cumulative Convertible Series A Preferred Stock, $0.01 par value, 1,000,000 shares authorized, 510,000 shares issued and outstanding at June 30, 2012 and December 31, 2011. 5,100 5,100
Cumulative Convertable Series B Preferred Stock; $1,000 stated value; 7.5% cumulative dividend, 4,000 shares authorized; none issued and outstanding at June 30, 2012 and December 31, 2011      
Common Stock, $.01 par value, 200,000,000 shares authorized; 68,912,997 and 64,629,033 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively 689,130 646,290
Additional Paid-in Capital 11,213,867 10,934,799
Accumulated Deficit (11,998,097) (11,857,371)
Total Stockholders' Deficiency (90,000) (271,182)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY $ 343,127 $ 125,881