Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $) (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 1,067,207 $ 961,091
Restricted cash on deposit 91,000 91,000
Accounts receivable, net 1,921,025 1,306,011
Inventories 769,946 322,210
Prepaid expenses 181,692 157,665
Total current assets 4,030,870 2,837,977
Property and equipment, net 33,986 11,953
Goodwill 8,570,446 8,570,446
Intangible assets, net 1,560,717 1,741,977
Deposits 34,238 34,238
Total other assets 10,165,401 10,346,661
Total Assets 14,230,257 13,196,591
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,459,667 1,248,386
Notes payable - current 49,238 111,405
Accrued liabilities and expenses 2,260,248 2,176,208
Deferred revenues 171,535 55,529
Customer deposits 141,358 21,364
Total current liabilities 4,082,046 3,612,892
Deferred lease liability 131,926 118,636
Notes payable - long term 851,519 853,795
Total long-term liabilities 983,445 972,431
15,000,000 shares authorized, par value $.001 per share      
Total redeemable preferred stock 3,091,203 2,367,951
Commitments and contingencies 0 0
Stockholders' Equity    
Common stock, par value $.001 per share; 190,000,000 shares authorized; 108,103,001 and 104,349,507 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively 108,105 104,352
Additional paid-in-capital 124,368,084 124,483,161
Accumulated deficit (118,402,626) (118,344,196)
Total stockholders' equity 6,073,563 6,243,317
Total Liabilities and Stockholders' Equity 14,230,257 13,196,591
Series A Preferred Stock
   
LIABILITIES AND STOCKHOLDERS' EQUITY    
Preferred stock issued value 1,005,669 892,995
Series B Preferred Stock
   
LIABILITIES AND STOCKHOLDERS' EQUITY    
Preferred stock issued value $ 2,085,534 $ 1,474,956