Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 899,088 $ 951,249
Restricted cash on deposit 0 31,277
Accounts receivable, net 2,772,498 2,263,347
Inventories 1,116,728 812,052
Prepaid expenses and other current assets 212,411 157,500
Total current assets 5,000,725 4,215,425
Property and equipment, net 128,326 142,004
Other assets:    
Goodwill 5,796,430 5,796,430
Intangible assets, net 654,417 775,257
Deposits 10,130 34,001
Deferred financing costs, net 5,159 14,633
Total other assets 6,466,136 6,620,321
Total Assets 11,595,187 10,977,750
Current liabilities:    
Accounts payable 1,529,799 1,754,566
Accrued liabilities and expenses 1,581,835 882,041
Notes payable - current 26,643 93,340
Line of credit 536,771 901,771
Deferred revenue - current 405,779 291,965
Deferred lease liability - current 18,428 15,214
Customer deposits 432,780 309,840
Total current liabilities 4,532,035 4,248,737
Long-term liabilities:    
Deferred revenue - long term 108,236 0
Deferred lease liability - long term 93,585 103,804
Deferred income taxes 836,671 734,047
Total long-term liabilities 1,038,492 837,851
Commitments and contingencies
Stockholders' Equity    
Common stock, par value $.001 per share; 190,000,000 shares authorized; 132,266,390 and 127,054,848 shares issued and outstanding at June 30, 2016 and at December 31, 2015 132,266 127,054
Additional paid-in-capital 126,815,502 126,135,712
Accumulated deficit (122,646,625) (122,095,121)
Total stockholders' equity 6,024,660 5,891,162
Total Liabilities and Stockholders' Equity 11,595,187 10,977,750
Series A Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock value 1,340,566 1,340,566
Series B Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock value $ 382,951 $ 382,951