Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 342,600 $ 233,200 [1]
Accounts receivable, net of allowance for doubtful accounts of $300,500 and $300,500, respectively 2,273,600 2,029,900 [1]
Costs and estimated earnings in excess billings on uncompleted contracts [1]   13,600
Prepaid expenses and other current assets 1,033,800 535,900 [1]
Total current assets 3,650,000 2,812,600 [1]
Property and equipment, net 2,795,800 2,961,300 [1]
Intangible assets, net 712,900 738,000 [1]
Other assets 25,600 25,600 [1]
TOTAL ASSETS 7,184,300 6,537,500 [1]
Current liabilities:    
Accounts payable 2,338,800 2,158,500 [1]
Accrued liabilities 1,462,900 1,469,100 [1]
Billings in excess of costs and estimated earnings on uncompleted contracts 956,500 1,090,800 [1]
Deferred revenue 188,300 188,300 [1]
Payroll taxes payable 999,000 993,300 [1]
Customer deposits 330,000 330,000 [1]
Current portion of notes payable and capital lease obligations 1,280,300 571,800 [1]
Notes payable - related parties, including accrued interest 11,800 11,800 [1]
Total current liabilities 7,567,600 6,813,600 [1]
Deferred revenue, non-current 236,500 283,600 [1]
Notes payable and capital lease obligations, net of current portion 1,749,500 1,751,500 [1]
Total liabilities 9,553,600 8,848,700 [1]
Commitments and contingencies
Stockholders' Equity):    
Preferred stock; $.001 par value; 5,000,000 shares authorized; -0- shares issued
Common stock; $.001 par value; 70,000,000 shares authorized; 55,038,575 and 54,525,079 shares issued, issuable** and outstanding 2017 and 2016, respectively 55,000 54,500 [1]
Common stock subscribed 25,000 25,000 [1]
Additional paid-in capital 19,438,900 19,077,600 [1]
Stock subscription receivable (25,000) (25,000) [1]
Accumulated deficit (19,642,200) (19,273,500) [1]
Total stockholders' equity (148,300) (141,400) [1]
Non-controlling interest (2,221,000) (2,169,800) [1]
Total equity (2,369,300) (2,311,200) [1]
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 7,184,300 $ 6,537,500 [1]
[1] These numbers were derived from the audited financial statements for the year ended December 31, 2016.

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