Balance Sheet

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 54,100 $ 233,200
Accounts receivable, net of allowance for doubtful accounts of $460,100 and $235,500, respectively 692,400 1,188,100
Notes receivable, net 184,600  
Costs and estimated earnings in excess billings on uncompleted contracts 13,600
Assets held for sale 1,024,600
Prepaid expenses and other current assets 340,900 518,500
Total current assets 1,272,000 2,978,000
Property and equipment, net 1,296,400 2,805,100
Intangible assets, net 623,100 738,000
Notes receivable, net of current portion 542,900  
Other assets 16,500 16,400
TOTAL ASSETS 3,750,900 [1] 6,537,500
Current liabilities:    
Accounts payable 1,436,900 1,643,500
Accrued liabilities 1,307,600 1,381,000
Billings in excess of costs and estimated earnings on uncompleted contracts 227,300 1,090,800
Deferred revenue 304,200 188,300
Payroll taxes payable 997,700 993,300
Customer deposits 21,600 330,000
Liabilities held for sale 603,100
Current portion of notes payable and capital lease obligations 2,166,300 571,800
Notes payable - related parties, including accrued interest 11,800 11,800
Total current liabilities 6,473,400 6,813,600
Deferred revenue, non-current 113,100 283,600
Notes payable and capital lease obligations, net of current portion 504,300 1,751,500
Total liabilities 7,090,800 8,848,700
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; 56,528,575 and 54,525,079 shares issued, issuable** and outstanding 2017 and 2016, respectively [2] 56,500 54,500
Common stock subscribed 25,000 25,000
Additional paid-in capital 20,790,700 19,077,600
Stock subscription receivable (25,000) (25,000)
Accumulated deficit (21,471,900) (19,273,500)
Total stockholders' equity (deficit) (624,700) (141,400)
Non-controlling interest (2,715,200) (2,169,800)
Total equity (deficit) (3,339,900) (2,311,200)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,750,900 $ 6,537,500
[1] Excludes discontinued operations
[2] Includes 190,000 shares issuable at December 31, 2017 per terms of short-term note agreements.

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