|
Consolidated Balance Sheets (unaudited) (USD $)
|
Mar. 31, 2013
|
Dec. 31, 2012
|
| CURRENT ASSETS |
|
|
|
| Cash |
$ 458,483 |
$ 659,009 |
|
| Accounts receivable, net |
1,771,799 |
1,749,827 |
|
| Costs and revenues in excess of billings |
2,485,197 |
1,724,543 |
|
| Inventory, net |
325,445 |
221,548 |
|
| Construction in progress |
707,043 |
706,043 |
|
| Prepaid expenses and deposits |
860,296 |
921,917 |
|
| Total Current Assets |
6,608,263 |
5,982,887 |
|
| PROPERTY AND EQUIPMENT, net |
642,241 |
661,156 |
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| OTHER ASSETS |
|
|
|
| Deposits |
52,408 |
52,408 |
|
| Contracts and franchise, net |
7,670,713 |
8,250,495 |
|
| Total Other Assets |
7,723,121 |
8,302,903 |
|
| TOTAL ASSETS |
14,973,625 |
14,946,946 |
|
| CURRENT LIABILITIES |
|
|
|
| Accounts payable |
2,438,885 |
2,088,459 |
|
| Current portion of notes payable |
475,690 |
503,386 |
|
| Related party payables |
1,375,978 |
1,976,995 |
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| Billings in excess of revenues |
773,636 |
674,971 |
|
| Deferred revenues |
17,004 |
17,004 |
|
| Accrued expenses |
435,122 |
423,256 |
|
| Payroll expenses payable |
498,165 |
534,846 |
|
| Preferred dividends payable |
573,441 |
440,287 |
|
| Line of credit payable |
1,500,000 |
|
|
| Total Current Liabilities |
8,087,921 |
6,659,204 |
|
| LONG TERM LIABILITIES |
|
|
|
| Long term portion of notes payable |
|
|
|
| Total Liabilities |
8,087,921 |
6,659,204 |
|
| Commitments and contingencies |
|
|
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| STOCKHOLDERS' EQUITY |
|
|
|
| Preferred stock value |
498 |
510 |
|
| Common stock value |
21,817 |
20,883 |
|
| Additional paid-in capital |
42,955,921 |
42,332,298 |
|
| Accumulated deficit |
(36,092,532) |
(34,065,949) |
|
| Total Stockholders' Equity |
6,885,704 |
8,287,742 |
|
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ 14,973,625 |
$ 14,946,946 |
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