Balance Sheet

v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 115,700 $ 54,100
Accounts receivable, net of allowance for doubtful accounts of $227,500 and $460,100, respectively 1,063,500 692,400
Notes receivable, net 310,700 184,600
Costs and estimated earnings in excess billings on uncompleted contracts 314,300  
Prepaid expenses and other current assets 365,200 340,900
Total current assets 2,169,400 1,272,000
Property and equipment, net 831,900 1,296,400
Intangible assets, net 516,800 623,100
Notes receivable, net of current portion 232,200 542,900
Other assets 29,800 16,500
TOTAL ASSETS [1] 3,780,100 3,750,900
Current liabilities:    
Accounts payable 1,772,400 1,436,900
Accrued liabilities 1,446,500 1,307,600
Billings in excess of costs and estimated earnings on uncompleted contracts 470,200 227,300
Deferred revenue 191,500 304,200
Payroll taxes payable 1,022,500 997,700
Customer deposits 1,600 21,600
Short term notes 823,100 825,000
Convertible notes 1,603,600 1,250,000
Current portion of long term debt and capital lease obligations 179,200 91,300
Accrued interest - related party 11,800 11,800
Total current liabilities 7,522,400 6,473,400
Deferred revenue, non-current 63,200 113,100
Long term debt and capital lease obligations, net of current portion 432,800 504,300
Total liabilities 8,018,400 7,090,800
Commitments and contingencies  
Stockholders' Deficit:    
Preferred stock; $.001 par value; 5,000,000 shares authorized; -0- shares issued  
Common stock; $.001 par value; 70,000,000 shares authorized; 61,703,575 and 56,528,575 shares issued, issuable** and outstanding 2018 and 2017, respectively 61,700 56,500
Common stock subscribed 25,000 25,000
Additional paid-in capital 22,531,000 20,790,700
Stock subscription receivable (25,000) (25,000)
Accumulated deficit (24,405,500) (21,471,900)
Total stockholders' (deficit) (1,812,800) (624,700)
Non-controlling interest (2,425,500) (2,715,200)
Total (deficit) (4,238,300) (3,339,900)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 3,780,100 $ 3,750,900
[1] Excludes discontinued operations

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