Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 1,163,758 $ 961,091
Restricted cash on deposit    91,000
Accounts receivable, net 3,026,107 1,306,011
Inventories 654,912 322,210
Prepaid expenses 189,879 157,665
Total current assets 5,034,656 2,837,977
Property and equipment, net 35,898 11,953
Goodwill 8,570,446 8,570,446
Intangible assets, net 1,500,297 1,741,977
Deposits 34,238 34,238
Total other assets 10,104,981 10,346,661
Total Assets 15,175,535 13,196,591
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,967,030 1,248,386
Notes payable - current 74,611 111,405
Accrued liabilities and expenses 2,342,047 2,176,208
Deferred revenues 117,556 55,529
Customer deposits 118,763 21,364
Total current liabilities 4,620,007 3,612,892
Deferred lease liability 133,609 118,636
Notes payable - long term 813,928 853,795
Total long-term liabilities 947,537 972,431
Total redeemable preferred stock 3,265,589 2,367,951
Commitments and contingencies      
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 December 31, 2012 and December 31, 2011, respectively 108,103 104,350
Additional paid-in-capital 124,188,415 124,483,163
Accumulated deficit (117,954,116) (118,344,196)
Total stockholders' equity 6,342,402 6,243,317
Total Liabilities and Stockholders' Equity 15,175,535 13,196,591
Series A Preferred Stock
    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Preferred stock issued value 1,041,837 892,995
Series B Preferred Stock
    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Preferred stock issued value $ 2,223,752 $ 1,474,956