Balance Sheet

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 233,200 $ 257,100
Accounts receivable, net of allowance for doubtful accounts of $300,500 and $246,500, respectively 2,029,900 1,298,900
Costs and estimated earnings in excess billings on uncompleted contracts 13,600 204,000
Prepaid expenses and other current assets 535,900 534,000
Total current assets 2,812,600 2,294,000
Property and equipment, net 2,961,300 4,331,300
Intangible assets, net 738,000 786,600
Other assets 25,600 37,500
TOTAL ASSETS 6,537,500 7,449,400
Current liabilities:    
Accounts payable 2,158,500 1,382,200
Accrued liabilities 1,469,100 889,500
Billings in excess of costs and estimated earnings on uncompleted contracts 1,090,800 587,900
Deferred revenue 188,300 133,900
Payroll taxes payable 993,300 970,500
Customer deposits 330,000 330,000
Current portion of notes payable and capital lease obligations 571,800 660,100
Notes payable - related parties, including accrued interest 11,800 31,800
Total current liabilities 6,813,600 4,985,900
Deferred revenue, non-current 283,600 337,200
Notes payable and capital lease obligations, net of current portion 1,751,500 1,161,400
Total liabilities 8,848,700 6,484,500
Stockholders' Equity:    
Common stock; $.001 par value; 70,000,000 shares authorized; 54,525,079 and 52,375,079 shares issued and outstanding 2016 and 2015, respectively 54,500 52,400
Common stock subscribed 25,000 50,000
Additional paid-in capital 19,077,600 17,690,900
Stock subscription receivable (25,000) (25,000)
Accumulated deficit (19,273,500) (15,387,100)
Total stockholders' equity (deficit) (141,400) 2,381,200
Non-controlling interest (2,169,800) (1,416,300)
Total equity (deficit) (2,311,200) 964,900
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,537,500 $ 7,449,400

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