Balance Sheet

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 170,600 $ 54,100
Accounts receivable, net of allowance for doubtful accounts of $460,100 and $460,100, respectively 695,900 692,400
Notes receivable, net 184,600 184,600
Prepaid expenses and other current assets 684,000 340,900
Total current assets 1,735,100 1,272,000
Property and equipment, net 1,163,400 1,296,400
Intangible assets, net 595,500 623,100
Notes receivable, net of current portion 552,800 542,900
Other assets 16,500 16,500
TOTAL ASSETS 4,063,300 3,750,900
Current liabilities:    
Accounts payable 1,615,800 1,436,900
Accrued liabilities 1,207,600 1,307,600
Billings in excess of costs and estimated earnings on uncompleted contracts 213,900 227,300
Deferred revenue 325,400 304,200
Payroll taxes payable 1,011,700 997,700
Customer deposits 1,600 21,600
Current portion of notes payable and capital lease obligations 2,769,600 2,166,300
Notes payable - related parties, including accrued interest 11,800 11,800
Total current liabilities 7,157,400 6,473,400
Deferred revenue, non-current 87,900 113,100
Notes payable and capital lease obligations, net of current portion 485,900 504,300
Total liabilities 7,731,200 7,090,800
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; 57,348,575 and 56,528,575 shares issued, issuable** and outstanding 2018 and 2017, respectively 57,100 56,500
Common stock subscribed 25,000 25,000
Additional paid-in capital 21,209,400 20,790,700
Stock subscription receivable (25,000) (25,000)
Accumulated deficit (22,202,600) (21,471,900)
Total stockholders' equity (936,100) (624,700)
Non-controlling interest (2,731,800) (2,715,200)
Total equity (3,667,900) (3,339,900)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,063,300 $ 3,750,900

Source