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 $)
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 1,097,859 $ 572,672
Restricted cash on deposit 63,000 382,000
Accounts receivable, net 1,494,148 1,659,756
Inventories 870,809 939,382
Prepaid expenses 113,877 171,216
Total current assets 3,639,693 3,725,026
Property and equipment, net 149,959 44,638
Goodwill 5,796,430 5,796,430
Intangible assets, net 1,137,777 1,258,617
Deposits 34,238 34,238
Total other assets 6,968,445 7,089,285
Total Assets 10,758,097 10,858,949
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,994,817 1,843,589
Notes payable - current 272,482 265,985
Accrued liabilities and expenses 1,667,333 1,997,157
Deferred revenues 288,488 111,291
Customer deposits 541,868 77,405
Total current liabilities 4,764,988 4,295,427
Deferred lease liability 148,117 130,920
Notes payable - long term 256,750 394,502
Deferred income taxes 437,899 335,275
Total long-term liabilities 842,766 860,697
Redeemable preferred stock: 15,000,000 shares authorized, par value $.001 per share Series A; 215 shares issued, 185 shares outstanding at June 30, 2014 and December 31, 2013, respectively, preference in liquidation of $1,266,539 and $1,229,832 as of June 30, 2014 and December 31, 2013, respectively 1,237,349 1,165,625
Commitments and contingencies      
Stockholders' Equity    
Series B preferred stock; 538 shares issued, 55 shares outstanding at June 30, 2014 and December 31, 2013, preference in liquidation of $360,925 and $350,005 as of June 30, 2014 and December 31, 2013, respectively 349,023 324,063
Common stock, par value $.001 per share; 190,000,000 shares authorized; 125,035,612 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively 125,035 125,035
Additional paid-in-capital 125,946,906 126,036,949
Accumulated deficit (122,507,970) (121,948,847)
Total stockholders' equity 3,912,994 4,537,200
Total Liabilities and Stockholders' Equity $ 10,758,097 $ 10,858,949