|
Consolidated Balance Sheets (USD $)
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| CURRENT ASSETS |
|
|
| Cash |
$ 659,009 |
$ 527,108 |
| Accounts receivable, net |
1,749,827 |
911,429 |
| Costs and revenues in excess of billings |
1,724,543 |
34,386 |
| Inventory, net |
221,548 |
473,451 |
| Construction in progress |
706,043 |
|
| Prepaid expenses and deposits |
921,917 |
540,251 |
| Total Current Assets |
5,982,887 |
2,486,625 |
| PROPERTY AND EQUIPMENT, net |
661,156 |
850,751 |
| OTHER ASSETS |
|
|
| Deposits |
52,408 |
42,106 |
| Contracts and franchise, net |
8,250,495 |
10,846,590 |
| Total Other Assets |
8,302,903 |
10,888,696 |
| TOTAL ASSETS |
14,946,946 |
14,226,072 |
| CURRENT LIABILITIES |
|
|
| Accounts payable |
2,088,459 |
1,191,497 |
| Current portion of notes payable |
503,386 |
533,701 |
| Related party payables |
1,976,995 |
378,609 |
| Billings in excess of revenues |
674,971 |
645,424 |
| Deferred revenues |
17,004 |
28,069 |
| Accrued expenses |
423,256 |
582,731 |
| Payroll expenses payable |
534,846 |
550,685 |
| Preferred dividends payable |
440,287 |
54,155 |
| Warrant derivative liability |
|
2,037,325 |
| Total Current Liabilities |
6,659,204 |
6,002,196 |
| LONG TERM LIABILITIES |
|
|
| Long term portion of notes payable |
|
979,338 |
| Total Liabilities |
6,659,204 |
6,981,534 |
| Commitments and contingencies |
|
|
| STOCKHOLDERS' EQUITY |
|
|
| Preferred stock value |
510 |
200 |
| Common stock value |
20,883 |
18,703 |
| Additional paid-in capital |
42,332,298 |
33,771,622 |
| Stock subscription receivable |
|
(2,632,192) |
| Accumulated deficit |
(34,065,949) |
(23,913,795) |
| Total Stockholders' Equity |
8,287,742 |
7,244,538 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ 14,946,946 |
$ 14,226,072 |