• Filing Date: 2012-11-19
  • Form Type: 10-Q/A
  • Description: Quarterly report (Amendment)
v2.4.0.6
Condensed Consolidated Balance Sheets (USD $) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Assets    
Cash and cash equivalents $ 630,310 $ 605,563
Accounts receivable, net of allowance for doubtful accounts of $20,000 at September 30, 2012 and December 31, 2011 461,592 534,924
Prepaid expenses and other current assets 273,912 342,641
Total Current Assets 1,365,814 1,483,128
Property and Equipment, net 783,893 714,865
Other Assets 27,501 7,745
Total Assets 2,177,208 2,205,738
Liabilities and Stockholders' Equity    
Accounts payable 392,983 399,924
Accrued expenses 131,480 121,821
Total Current Liabilities 524,463 521,745
Long Term Liability Note Payable 284,297   
Commitments and Contingencies      
Stockholders' Equity:    
Preferred Stock, $.0001 par value; 5,000,000 shares authorized, 470,000 and 0 shares issued and outstanding at September 30, 2012 and December 31, 2011 respectively 47   
Common stock, $.0001 par value; 100,000,000 shares authorized; 27,515,219 and 23,284,236 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively 2,751 2,328
Additional paid-in capital 13,687,888 10,997,407
Accumulated deficit (12,290,737) (9,284,241)
CommonStockholdersEquity 1,399,949 1,715,494
Less: Treasury Stock, at cost, 23,334 shares (31,501) (31,501)
Total Stockholders' Equity 1,368,448 1,683,993
Total Liabilities and Stockholders' Equity $ 2,177,208 $ 2,205,738