v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash $ 2,029,588 $ 3,579,737
Restricted cash    2,056,821
Notes receivable (net) 557,372 6,088,934
Accounts receivable 11,905,562 10,863,577
Advances to aggregators (net) 8,128,762 4,777,033
Prepaid expenses and other assets 220,232 508,650
Total current assets 22,841,516 27,874,752
Property and equipment (net) 245,593 291,017
Intangible assets, net 211,856 212,865
Advances to Unified Payments 454,814   
Other assets 49,030   
Total assets 23,802,809 28,378,634
Current liabilities:    
Accounts payable 666,421 569,900
Accrued expenses 934,140 925,966
Short term loans 8,513,311 9,400,164
Due to related parties (current portion) 323,993 338,374
Total current liabilities 10,437,865 11,234,404
Due to related parties (non-current portion) 60,693 135,693
Total liabilities 10,498,558 11,370,097
STOCKHOLDERS' EQUITY    
Preferred stock ($.01 par value, 1,000,000 shares authorized and no shares issued and outstanding)      
Common stock ($.0001 par value, 100,000,000 shares authorized and 28,136,439 and 28,303,659 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively) 2,813 2,830
Paid in capital 86,979,381 87,452,060
Accumulated other comprehensive income 250,260 276,333
Accumulated deficit (73,450,286) (70,216,456)
Noncontrolling interest (477,917) (506,230)
Total stockholders' equity 13,304,251 17,008,537
Total liabilities and stockholders' equity $ 23,802,809 $ 28,378,634