XML 46 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 99,573 $ 83,989
Accounts receivable, net of allowance for doubtful accounts of $20,526 at June 30, 2013 and December 31, 2012 140,248 604,784
Due from factor   189,904
Inventory 6,525 4,186
Prepaid expenses and other 37,596 25,088
Total current assets 283,942 907,951
Equipment and leasehold improvements, net 26,515 24,267
Deferred finance costs 50,473  
Deposits and other assets 8,712 8,712
Intangible assets—less accumulated amortization 190,276 195,911
Total non-current assets 275,976 228,890
TOTAL ASSETS 559,918 1,136,841
LIABILITIES    
Accounts payable 431,484 931,276
Accrued liabilities 405,901 593,599
Due to factor 41,375  
Deferred revenue 375,709 508,520
Notes payable – related party   321,428
Total current liabilities 1,254,469 2,354,823
Note Payable 497,307  
Total non-current liabilities 497,307  
TOTAL LIABILITIES 1,751,776 2,354,823
STOCKHOLDERS’ DEFICIENCY:    
Common stock — authorized, 170,000,000 shares; issued and outstanding; 87,182,348 of $.0001 par value at June 30, 2013 and 78,155,413 as of December 31, 2012 8,718 7,815
Additional paid-in capital 51,958,255 51,062,624
Accumulated deficit (53,158,831) (52,288,421)
TOTAL STOCKHOLDERS’ DEFICIENCY (1,191,858) (1,217,982)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY $ 559,918 $ 1,136,841