Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 156,305 $ 255,817
Accounts receivable (less allowance for doubtful accounts of $90,000 in 2017 and $90,000 in 2016) 582,086 807,515
Prepaid expenses and other current assets 160,646 231,432
Total Current Assets 899,037 1,294,764
Property and Equipment:    
Property and equipment 5,226,246 3,401,251
Less-Accumulated depreciation (3,516,008) (3,222,591)
Net Property and Equipment 1,710,238 178,660
Other Assets:    
Goodwill 3,985,700 3,985,700
Other assets 57,367 54,504
Intangible assets, net 303,766 329,242
Total Other Assets 4,346,833 4,369,446
Total Assets 6,956,108 5,842,870
Current Liabilities:    
Accounts payable and accrued expenses 996,717 1,219,247
Revolving credit facility 50,412
Accounts payable from acquisition 374,762
Dividend payable 705,912 619,138
Deferred revenue 695,672 919,103
Leases payable - related party 658,307 254,078
Note payable - bank 350,000 350,000
Total Current Liabilities 3,406,608 3,786,740
Deferred rental obligation 1,305 1,904
Note Payable - related party 328,265 190,000
Leases payable long-term - related party 1,135,089 133,825
Total Long-Term Liabilities 1,464,659 325,729
Total Liabilities 4,871,267 4,112,469
Stockholders' Deficit:    
Preferred Stock, $.001 par value; 10,000,000 shares authorized; 1,401,786 shares issued and outstanding in each period 1,402 1,402
Common stock, par value $0.001; 250,000,000 shares authorized; 128,139,418 and 128,039,418 shares issued and outstanding in 2017 and 2016, respectively 128,139 128,039
Additional paid in capital 17,203,590 17,194,383
Accumulated deficit (15,248,290) (15,593,423)
Total Stockholders' (Deficit) Equity 2,084,841 1,730,401
Total Liabilities and Stockholders' (Deficit) $ 6,956,108 $ 5,842,870