XML 23 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2015
Dec. 31, 2014
Current Assets    
Cash $ 760,277 $ 1,672,901
Accounts receivable, net 23,918 261,676
Related party receivables 10,000 10,000
Marketable securities held in related party 13,800 13,800
Non-marketable securities held in related party 50,000 50,000
Subscription receivable   1,175,000
Prepaid expenses and other current assets 139,399 90,688
Total Current Assets 997,394 3,274,065
Property and equipment, net 568 651
Intangible assets, net 2,993,083 3,097,293
Goodwill 700,528 700,528
Total Assets 4,691,573 7,072,537
Current Liabilities    
Accounts payable and accrued expenses 505,726 779,891
Billings in excess of costs 32,500 123,908
Notes and loans payable-current 24,000 24,000
Related party payables 0 228,983
Total Current Liabilities 562,226 1,156,782
Long Term Liabilities    
Notes and loans payable-long term 43,800 51,800
Total Long Term Liabilities 43,800 51,800
Total Liabilities $ 606,026 $ 1,208,582
STOCKHOLDERS' EQUITY    
Preferred stock, $0.00001 par value, 10,000,000 shares authorized, none issued and outstanding, as of March 31, 2015 and December 31, 2014, respectively    
Common stock, $0.00001 par value, 250,000,000 shares authorized, 79,467,530 and 77,817,861 issued and outstanding, as of March 31, 2015 and December 31, 2014, respectively $ 794 $ 778
Treasury stock (623,000) (623,000)
Additional paid in capital 24,759,845 23,516,463
Accumulated deficit (20,052,092) (17,030,286)
Total Stockholders' Equity 4,085,547 5,863,955
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,691,573 $ 7,072,537