XML 24 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 395,454 $ 324,149
Accounts receivable 3,578,091 3,059,342
Inventories 22,051 22,052
Other current assets 239,417 246,589
Total current assets 4,235,013 3,652,132
Property and equipment, net 451,056 258,258
Goodwill 2,871,938 3,599,386
Other intangibles, net 1,314,456 1,588,909
Other assetes 46,512 46,512
Total assets 8,918,975 9,145,197
Current liabilities:    
Accounts payable 2,040,420 2,066,862
Accrued expenses 1,489,063 1,717,271
Deferred revenues   67,879
Customer deposits 229,136 103,869
Notes payable 1,713,113 885,592
Deferred tax liabilities 85,504  
Derivative liability 214,317 228,108
Total current liabilities 5,771,553 5,069,581
Long term liabilities:    
Long term debt 707,738 1,367,548
Deferred tax liabilities 0 256,512
Total long term liabilities 707,738 1,624,060
Total liabilities 6,479,291 6,693,641
Shareholders' equity    
Common stock - .01 par value, 200,000,000 authorized, 29,667,475 and 22,942,427 issued, 29,364,488 and 22,639,450 outstanding, respectively 30,983 229,425
Additional paid-in capital 42,286,245 39,853,503
Accumulated deficit (39,813,144) (37,293,357)
Stockholders' Equity before Treasury Stock 2,874,500 2,880,078
Stock held in treasury, at cost (558,096) (558,096)
Equity Attributable to shareholders of Lattice Incorporated 2,316,404 2,321,982
Equity Attributable to noncontrolling interest 123,280 129,574
Total liabilities and shareholders' equity 8,918,975 9,145,197
Series A Preferred Stock [Member]
   
Shareholders' equity    
Preferred Stock, Value, Issued 75,307 75,307
Series B Preferred Stock [Member]
   
Shareholders' equity    
Preferred Stock, Value, Issued 10,000 10,000
Series C Preferred Stock [Member]
   
Shareholders' equity    
Preferred Stock, Value, Issued 5,200 5,200
Series D Preferred Stock [Member]
   
Shareholders' equity    
Preferred Stock, Value, Issued $ 5,909