Balance Sheet

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 107,000 $ 115,700 [1]
Accounts receivable, net of allowance for doubtful accounts of $227,500 and $227,500, respectively 513,500 1,063,500 [1]
Notes receivable, net [1]   310,700
Costs and estimated earnings in excess of billings on uncompleted contracts 92,300 314,300
Prepaid expenses and other current assets 632,700 365,200 [1]
Total Current Assets 1,345,500 2,169,400 [1]
Property and Equipment, net 722,400 831,900 [1]
Intangible Assets, net 496,400 516,800
Notes receivable, net of current portion [1]   232,200
Other Assets 453,200 29,800 [1]
TOTAL ASSETS 3,017,500 3,780,100 [1]
Current Liabilities    
Accounts payable 1,651,900 1,772,400 [1]
Accrued liabilities 1,483,600 1,446,500 [1]
Billings in excess of costs and estimated earnings on uncompleted contracts 231,200 470,200
Deferred revenue 32,900 191,500 [1]
Payroll taxes payable 1,039,000 1,022,500 [1]
Customer deposits 10,900 1,600
Short term notes 1,188,200 823,100 [1]
Convertible notes 1,605,000 1,603,600 [1]
Current portion of long term debt and capital lease obligations 250,700 179,200 [1]
Accrued interest - related party 11,800 11,800 [1]
Total Current Liabilities 7,505,200 7,522,400 [1]
Deferred revenue, non-current 46,700 63,200 [1]
Other non-current liabilities 386,500  
Long term debt and capital lease obligations, net of current portion 328,900 432,800 [1]
Total Liabilities 8,267,300 8,018,400 [1]
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; 61,903,575 and 61,703,575 shares issued, issuable** and outstanding June 30, 2019 and December 31, 2018, respectively 62,000 61,700 [1]
Common stock issuable 25,000 25,000 [1]
Additional paid-in capital 22,559,800 22,531,000 [1]
Stock Subscription receivable (25,000) (25,000) [1]
Adoption of ASU 2016-02, Leases (Topic 842) (20,800)  
Accumulated deficit (25,907,900) (24,405,500) [1]
Total stockholders' deficit (3,306,900) (1,812,800) [1]
Non-controlling interest (1,942,900) (2,425,500) [1]
Total equity (5,249,800) (4,238,300) [1]
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 3,017,500 $ 3,780,100 [1]
[1] These numbers were derived from the audited financial statements for the year ended December 31, 2018. See accompanying notes.

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