XML 51 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 83,989 $ 43,437
Accounts receivable, net of allowance for doubtful accounts of $20,526 at December 31, 2012 and $397,526 at December 31, 2011 604,784 587,346
Due from factor 189,904  
Inventory 4,186 8,238
Prepaid expenses and other 25,088 58,920
Total current assets 907,951 697,941
Equipment and leasehold improvements, net 24,267 52,870
Deposits and other assets 8,712 8,712
Intangible assets—less accumulated amortization 195,911 207,180
Total non-current assets 228,890 268,762
TOTAL ASSETS 1,136,841 966,703
LIABILITIES    
Accounts payable 931,276 687,441
Accrued liabilities 593,599 675,833
Deferred revenue 508,520 527,092
Note payable – related party 321,428 346,428
Total current liabilities 2,354,823 2,236,794
Deferred revenue, net of current portion   1,000
Total non-current liabilities   1,000
TOTAL LIABILITIES 2,354,823 2,237,794
STOCKHOLDERS’ DEFICIT:    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 78,155,413 of $.0001 par value at December 31, 2012 and December 31, 2011 7,815 7,815
Additional paid-in capital 51,062,624 51,012,782
Accumulated deficit (52,288,421) (52,291,688)
TOTAL STOCKHOLDERS’ DEFICIT (1,217,982) (1,271,091)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 1,136,841 $ 966,703