XML 23 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
BALANCE SHEETS - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash $ 333,363 $ 438,907
Accounts receivable, trade, net 622,368 588,479
Employee advance 10,736 37
Prepaid expenses 118,857 221,999
Other current assets 27,877 41,815
Total current assets 1,113,201 1,291,237
Property and Equipment, net of accumulated depreciation of $1,763,650 and $956,315 respectively 7,572,562 7,654,765
Other assets:    
Investment in related party affiliate 434,532 0
Capitalized software 0 434,532
Customer list, net of accumulated amortization of $3,268,405 and $1,867,660 respectively 10,739,047 12,139,792
Deposits 8,303 8,303
Loan fees, net of accumulated amortization of $19,683 and $11,247 respectively 30,930 39,365
Non-compete, net of accumulated amortization of $35,000 and $20,000 respectively 115,000 130,000
Website, net of accumlated amortization of $1,625 and $232 respectively 12,295 13,688
Total other assets 11,340,107 12,765,680
Total assets 20,025,870 21,711,682
Current liabilities:    
Accounts payable 840,066 449,840
Accrued expense 244,811 67,365
Notes payable 366,585 526,585
Deferred compensation 1,069,000 729,000
Deferred revenue 2,019,332 1,929,882
Convertible notes due related parties, includes put premiums 302,083 302,083
Short term bridge financing, net of original issue disount 460,584 0
Operating line of credit and capital expenditure line of credit 1,489,355 1,675,160
Current portion - long term debt 1,403,675 1,357,143
Total current liabilities 8,195,491 7,037,058
Derivative liability - interest rate swap 30,584 40,958
Long-term notes payable Less: current portion - long term debt 8,273,073 8,826,190
Total Liabilities 16,499,147 15,904,206
Shareholders' Equity    
Preferred Series A stock, par value $.001, 51 shares authorized, issued and outstanding; Preferred Series B stock, par value $.001, 71,210 shares authorized, issued and outstanding 71 71
Common stock, par value $.025, 75,000,000 shares authorized, 15,827,811 and 9,963,418 shares issued and outstanding, respectively 395,695 249,085
Treasury stock, at cost (230,000 shares) (224,250) (224,250)
Additional paid in capital 21,822,836 14,370,296
Accumulated deficit (18,467,629) (8,587,726)
Total Shareholders' Equity 3,526,723 5,807,476
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY 20,025,870 21,711,682
Preferred Series A    
Shareholders' Equity    
Preferred Series A stock, par value $.001, 51 shares authorized, issued and outstanding; Preferred Series B stock, par value $.001, 71,210 shares authorized, issued and outstanding 0 0
Preferred Series B    
Shareholders' Equity    
Preferred Series A stock, par value $.001, 51 shares authorized, issued and outstanding; Preferred Series B stock, par value $.001, 71,210 shares authorized, issued and outstanding $ 71 $ 71