Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 125,004 $ 87,675
Accounts receivable (less allowance for doubtful accounts of $15,000 in 2014 and $15,000 in 2013) 276,731 258,567
Prepaid compensation 2,070 9,052
Prepaid expenses and other current assets 140,963 171,584
Total Current Assets 544,768 526,878
Property and Equipment:    
Property and equipment 3,889,799 3,859,528
Less-Accumulated depreciation (3,076,834) (2,728,547)
Net Property and Equipment 812,965 1,130,981
Other Assets:    
Goodwill 2,201,828 2,201,828
Investment in joint venture - at equity 20,595 0
Other assets 4,410 3,608
Intangible assets, net 494,140 658,769
Employee loan 64,100 45,730
Total Other Assets 2,785,073 2,909,935
Total Assets 4,142,806 4,567,794
Current Liabilities:    
Accounts payable and accrued expenses 1,003,724 984,866
Revolving credit facility 100,292 100,292
Due to related party 239,956 207,848
Dividend payable 394,736 330,811
Deferred revenue 523,045 703,941
Leases payable 217,269 736,636
Loans payable 0 47,312
Convertible debt - related parties net of discount 700,000 186,215
Contingent collateral obligation 0 356,204
Total Current Liabilities 3,179,022 3,654,125
Deferred rental obligation 435 5,187
Due to officer 934,459 801,875
Leases payable long term 625,338 86,180
Note payable - Enterprise Bank 350,000  
Convertible debt - related parties 0 500,000
Total Long Term Liabilities 1,910,232 1,393,242
Total Liabilities 5,089,254 5,047,367
Stockholders' Deficit:    
Preferred Stock, $0.001 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; 36,125,845 shares issued and outstanding in each period 36,588 36,126
Additional paid in capital 12,643,997 12,540,018
Accumulated deficit (13,628,435) (13,057,119)
Total Stockholders' Deficit (946,448) (479,573)
Total Liabilities and Stockholders' Deficit $ 4,142,806 $ 4,567,794