XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 307,304 $ 549,100
Short-term investment 30,021 30,017
Accounts receivable, net 108,043 234,518
Costs and estimated earnings in excess of billings on uncompleted contracts 24,266 33,349
Prepaid expenses 388,218 124,720
Inventory 9,445
Total current assets 857,852 981,149
Equipment, net 4,869 5,559
Goodwill 4,162,173 4,162,173
Intangible assets, net 3,470,195 3,587,250
Totals 8,495,089 8,736,131
Current liabilities:    
Accounts payable and accrued expenses 543,499 350,772
Billings in excess of costs and estimated earnings on uncompleted contracts 37,823 48,478
Deferred revenue 116,754 72,788
Conversion option liabilities 288,134 384,461
Total current liabilities 986,210 856,499
Convertible debentures, net of discounts of $825,969 2,611,531 2,446,337
Total liabilities 3,597,741 3,302,836
Commitments and Contingencies
Stockholders' equity:    
Preferred stock, $1.00 par value, 5,405,010 shares authorized; 1,801,670 issued and outstanding 1,801,670 1,801,670
Common stock, $0.01 par value, 300,000,000 shares authorized; 163,901 issued and outstanding 1,639 1,639
Additional paid-in capital 5,090,945 4,936,562
Accumulated deficit (1,996,906) (1,306,576)
Total stockholders' equity 4,897,348 5,433,295
Totals $ 8,495,089 $ 8,736,131