Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash $ 218,600 $ 54,100 [1]
Accounts receivable, net of allowance for doubtful accounts of $460,100 and $460,100, respectively 1,262,600 692,400 [1]
Notes receivable, net [1]   184,600
Prepaid expenses and other current assets 520,700 340,900 [1]
Total current assets 2,001,900 1,272,000 [1]
Property and equipment, net 1,067,100 1,296,400 [1]
Intangible assets, net 570,700 623,100 [1]
Notes receivable, net of current portion 523,300 542,900 [1]
Other assets 16,500 16,500 [1]
TOTAL ASSETS 4,179,500 3,750,900 [1]
Current liabilities:    
Accounts payable 1,996,400 1,436,900 [1]
Accrued liabilities 1,358,400 1,307,600 [1]
Revenue contract liabilities 550,100 227,300 [1]
Deferred revenue 128,000 304,200 [1]
Payroll taxes payable 1,021,900 997,700 [1]
Customer deposits 1,600 21,600 [1]
Current portion of notes payable and capital lease obligations 2,654,200 2,166,300 [1]
Notes payable - related parties, including accrued interest 11,800 11,800 [1]
Total current liabilities 7,722,400 6,473,400 [1]
Deferred revenue, non-current 76,900 113,100 [1]
Notes payable and capital lease obligations, net of current portion 467,200 504,300 [1]
Total liabilities 8,266,500 7,090,800 [1]
Commitments and contingencies [1]
Stockholders' Equity:    
Common stock; $.001 par value; 70,000,000 shares authorized; 58,863,575 and 56,528,575 shares issued, issuable and outstanding 2018 and 2017, respectively [2] 58,600 56,500 [1]
Common stock subscribed 25,000 25,000 [1]
Additional paid-in capital 21,819,900 20,790,700 [1]
Stock subscription receivable (25,000) (25,000) [1]
Accumulated deficit (23,229,500) (21,471,900) [1]
Total stockholders' equity (1,351,000) (624,700) [1]
Non-controlling interest (2,736,000) (2,715,200) [1]
Total equity (4,087,000) (3,339,900) [1]
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,179,500 $ 3,750,900 [1]
[1] These numbers were derived from the audited financial statements for the year ended December 31, 2017.
[2] Includes 2,200,000 and 190,000 shares issuable at June 30, 2018 and December 31, 2017, respectively, per terms of short-term notes.

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