Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash $ 38,200 $ 54,100 [1]
Accounts receivable, net of allowance for doubtful accounts of $460,100 and $460,100, respectively 1,261,400 692,400 [1]
Notes receivable, net 306,100 184,600 [1]
Prepaid expenses and other current assets 492,900 340,900 [1]
Total current assets 2,098,600 1,272,000 [1]
Property and equipment, net 993,900 1,296,400 [1]
Intangible assets, net 546,000 623,100 [1]
Notes receivable, net of current portion 227,000 542,900 [1]
Other assets 29,900 16,500 [1]
TOTAL ASSETS 3,895,400 3,750,900 [1]
Current liabilities:    
Accounts payable 1,726,300 1,436,900 [1]
Accrued liabilities 1,358,200 1,307,600 [1]
Revenue contract liabilities 739,600 227,300 [1]
Deferred revenue 129,800 304,200 [1]
Payroll taxes payable 1,014,200 997,700 [1]
Customer deposits 1,600 21,600 [1]
Current portion of notes payable and capital lease obligations 2,434,600 2,166,300 [1]
Notes payable - related parties, including accrued interest 11,800 11,800 [1]
Total current liabilities 7,416,100 6,473,400 [1]
Deferred revenue, non-current 71,400 113,100 [1]
Notes payable and capital lease obligations, net of current portion 659,800 504,300 [1]
Total liabilities 8,147,300 7,090,800 [1]
Commitments and contingencies
Stockholders' Equity:    
Common stock; $.001 par value; 70,000,000 shares authorized; 61,103,575 and 56,528,575 shares issued, issuable** and outstanding 2018 and 2017, respectively [2] 61,100 56,500 [1]
Common stock subscribed 25,000 25,000 [1]
Additional paid-in capital 22,449,300 20,790,700 [1]
Stock subscription receivable (25,000) (25,000) [1]
Accumulated deficit (24,301,900) (21,471,900) [1]
Total stockholders' equity (1,791,500) (624,700) [1]
Non-controlling interest (2,460,400) (2,715,200) [1]
Total equity (4,251,900) (3,339,900) [1]
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,895,400 $ 3,750,900 [1]
[1] These numbers were derived from the audited financial statements for the year ended December 31, 2017.
[2] Includes 3,110,000 and 190,000 shares issuable at September 30, 2018 and December 31, 2017, respectively, per terms of short-term notes.

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