Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 572,672 $ 1,163,758
Restricted cash on deposit 382,000 0
Accounts receivable, net 1,659,756 3,026,107
Inventories 939,382 654,912
Prepaid expenses 171,216 189,879
Total current assets 3,725,026 5,034,656
Property and equipment, net 44,638 35,898
Goodwill 5,796,430 8,570,446
Intangible assets, net 1,258,617 1,500,297
Deposits 34,238 34,238
Total other assets 7,089,285 10,104,981
Total Assets 10,858,949 15,175,535
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,843,589 1,967,030
Notes payable - current 265,985 74,611
Accrued liabilities and expenses 1,997,157 2,342,047
Deferred revenues 111,291 117,556
Customer deposits 77,405 118,763
Total current liabilities 4,295,427 4,620,007
Deferred lease liability 130,920 133,609
Notes payable - long term 394,502 813,928
Deferred income taxes 335,275 0
Total long-term liabilities 860,697 947,537
Total redeemable preferred stock 1,165,625 3,265,589
Commitments and contingencies      
Stockholders' Equity    
Preferred stock 324,063 0
Common stock, par value $.001 per share; 190,000,000 shares authorized; 125,035,612 and 108,103,001 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively 125,035 108,103
Additional paid-in-capital 126,036,949 124,188,415
Accumulated deficit (121,948,847) (117,954,116)
Total stockholders' equity 4,537,200 6,342,402
Total Liabilities and Stockholders' Equity 10,858,949 15,175,535
Series A Preferred Stock
    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Redeemable preferred stock 1,165,625 1,041,837
Series B Preferred Stock
    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Redeemable preferred stock $ 0 $ 2,333,752