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, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 715,116 $ 1,163,758
Restricted cash on deposit 382,000   
Accounts receivable, net 2,401,093 3,026,107
Inventories 913,786 654,912
Prepaid expenses 112,822 189,879
Total current assets 4,524,817 5,034,656
Property and equipment, net 46,524 35,898
Goodwill 8,570,446 8,570,446
Intangible assets, net 1,379,457 1,500,297
Deposits 34,238 34,238
Total other assets 9,984,141 10,104,981
Total Assets 14,555,482 15,175,535
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,954,338 1,967,030
Notes payable - current 259,129 74,611
Accrued liabilities and expenses 2,055,167 2,342,047
Deferred revenues 438,656 117,556
Customer deposits 525,744 118,763
Total current liabilities 5,233,034 4,620,007
Deferred lease liability 133,062 133,609
Notes payable - long term 529,232 813,928
Total long-term liabilities 662,294 947,537
Total redeemable preferred stock 3,516,475 3,265,589
Commitments and contingencies      
Stockholders' Equity    
Common stock, par value $.001 per share; 190,000,000 shares authorized; 108,487,616 and 108,103,001 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively 108,488 108,103
Additional paid-in-capital 124,022,663 124,188,415
Accumulated deficit (118,987,472) (117,954,116)
Total stockholders' equity 5,143,679 6,342,402
Total Liabilities and Stockholders' Equity 14,555,482 15,175,535
Series A Preferred Stock
    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Preferred stock issued value 1,093,289 1,041,837
Series B Preferred Stock
    
LIABILITIES AND STOCKHOLDERS' EQUITY    
Preferred stock issued value $ 2,423,186 $ 2,223,752