Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 38,085 $ 110,448
Accounts receivable (less allowance for doubtful accounts of $15,000 in 2015 and $15,000 in 2014) 138,270 114,556
Prepaid expenses and other current assets 266,075 118,768
Total Current Assets 442,430 343,772
Property and Equipment:    
Property and equipment 3,904,242 3,889,799
Less - Accumulated depreciation (3,509,696) (3,188,418)
Net Property and Equipment 394,546 701,381
Other Assets:    
Goodwill 2,201,828 2,201,828
Employee loan 85,800 76,100
Other assets 6,060 5,610
Intangible assets, net 358,092 449,276
Investment in joint venture - at equity 42,671 15,699
Total Other Assets 2,694,451 2,748,513
Total Assets 3,531,427 3,793,666
Current Liabilities:    
Accounts payable and accrued expenses 1,028,154 741,397
Revolving credit facility $ 90,292 100,292
Due to related party 245,601
Dividend payable $ 488,166 417,060
Deferred revenue 443,362 470,267
Leases payable 235,374 $ 220,544
Note payable - Enterprise Bank 350,000
Convertible debt - related parties 780,000 $ 700,000
Total Current Liabilities 3,415,348 2,895,161
Deferred rental obligation $ 1,088 598
Due to officer 1,065,762
Leases payable $ 403,252 568,959
Note payable - Enterprise Bank $ 350,000
Convertible debt - related parties $ 1,311,363
Total Long Term Liabilities 1,715,703 $ 1,985,319
Total Liabilities 5,131,051 4,880,480
Stockholders' Deficit:    
Preferred stock, $.001 par value; 10,000,000 shares authorized; 1,401,786 shares issued and outstanding 1,402 1,402
Common stock, par value $0.001; 250,000,000 shares authorized; 36,588,240 shares issued and outstanding 36,588 36,588
Additional paid in capital 12,752,694 12,678,811
Accumulated deficit (14,390,308) (13,803,615)
Total Stockholders' Deficit (1,599,624) (1,086,814)
Total Liabilities and Stockholders' Deficit $ 3,531,427 $ 3,793,666