XML 26 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current Assets    
Cash $ 2,151,849 $ 1,847,004
Accounts receivable, net 695,744 569,297
Related party receivables 27,500 82,250
Prepaid assets and security deposits 5,189,330  
Marketable securities 48,000  
Total Current Assets 8,112,423 2,498,551
Property and equipment, net 1,450 3,847
Intangible assets, net 5,195,627 3,073,945
Goodwill 700,528 700,528
Total Assets 14,010,028 6,276,871
Current Liabilities    
Accounts payable and accrued expenses 534,779 416,531
Notes and loans payable-current, net of unamortized discounts of $0 and $1,155, respectively 24,000 172,845
Related party payable 0 243,424
Related party loans 0 35,000
Total Current Liabilities 558,779 867,800
Long Term Liabilities    
Notes and loans payable-long term 57,800 79,800
Total Long Term Liabilities 57,800 79,800
Total Liabilities 616,579 947,600
STOCKHOLDERS' EQUITY    
Preferred stock, $0.00001 par value, 10,000,000 shares authorized, none issued and outstanding, as of September 30, 2014 and December 31, 2013      
Common stock, $0.00001 par value, 250,000,000 shares authorized, 70,552,753 and 53,239,369 issued and outstanding, as of September 30, 2014 and December 31, 2013 respectively 705 532
Treasury stock (623,000) (623,000)
Additional paid-in capital 20,400,247 13,231,212
Accumulated deficit (6,384,503) (7,279,473)
Total Stockholders' Deficit 13,393,449 5,329,271
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 14,010,028 $ 6,276,871