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Consolidated Balance Sheets (Unaudited) (USD $)
Dec. 31, 2011
Mar. 31, 2011
Assets    
Cash $ 14,139 $ 54,158
Accounts receivables, net of allowance for doubtful accounts of $50,000 3,046,576 2,564,352
Prepaid expenses and other assets 508,018 545,930
Total current assets 3,568,733 3,164,440
Property and equipment, net of accumulated depreciation 4,454,046 4,141,068
Intangible assets, net of accumulated amortization 0 268,785
Assets of discontinued operations 3,681,472 236,279
Total assets 11,704,251 7,810,572
Liabilities and Stockholders’ Deficit    
Bank overdraft 638,820 214,303
Accounts payable 1,262,985 1,151,337
Accrued expenses and other liabilities 2,032,524 1,112,778
Line of credit 833,679 895,153
Notes payable - related parties 5,018,997 1,180,987
Current portion of notes payable 4,057,659 2,709,111
Total current liabilities 13,844,664 7,263,669
Derivative liability 97,515 513,471
Notes payable - related parties 211,466 120,000
Notes payable, net of current portion and debt discount 4,591,341 4,235,242
Liabilities of discontinued operations 7,548,604 1,765,313
Total long-term liabilities 12,448,926 6,634,026
Total liabilities 26,293,590 13,897,695
Stockholders’ deficit:    
Common stock, $0.001 par value, 2,000,000,000 shares authorized, 38,472,089 and 31,574,883 shares issued and outstanding at December 30, 2011 and March 31, 2011, respectively 38,471 31,575
Additional paid-in capital 8,490,614 6,013,911
Accumulated deficit (23,484,276) (12,475,539)
Total Integrated Freight Corporation stockholders’ deficit (14,955,191) (6,430,053)
Non controlling interest 365,852 342,930
Total stockholders’ deficit (14,589,339) (6,087,123)
Total liabilities and stockholders’ deficit $ 11,704,251 $ 7,810,572