|
Condensed Consolidated Balance Sheets (USD $)
|
Jun. 30, 2012
|
Dec. 31, 2011
|
| Current Assets: |
|
|
| Cash and cash equivalents |
$ 135,575 |
$ 202,848 |
| Related party receivables |
190,086 |
280,263 |
| Accounts receivable and prepaid expenses |
191,732 |
99,865 |
| Total current assets |
517,393 |
582,976 |
| Property and equipment, net |
937,643 |
949,910 |
| Intangible assets, net |
8,607,694 |
8,812,260 |
| Deposits |
36,100 |
36,100 |
| Goodwill |
13,335 |
13,335 |
| Total assets |
10,112,165 |
10,394,581 |
| Current Liabilities: |
|
|
| Accounts payable |
1,217,133 |
1,066,215 |
| Related party liabilities |
25,424 |
47,581 |
| Accrued liabilities |
255,351 |
473,391 |
| Deferred revenue |
35,000 |
75,000 |
| Deferred rent |
13,780 |
13,780 |
| Note payable |
|
3,631,000 |
| Total current liabilities |
1,546,688 |
5,306,967 |
| Deferred rent, net of current portion |
55,231 |
62,121 |
| Note payable |
3,731,000 |
|
| Mandatorily redeemable preferred stock, Series D, no par value: 1,200,000 shares authorized, issued and outstanding at June 30, 2012 and December 31, 2011, net of discount of $9,975,436 and $10,560,144 at June 30, 2012 and December 31, 2011, respectively, liquidation preference of $12,000,000 at June 30, 2012 |
2,024,564 |
1,439,856 |
| Total liabilities |
7,357,483 |
6,808,944 |
| CarePayment Technologies, Inc. shareholders' equity: |
|
|
| Preferred stock, Series E, no par value: 250,000 shares authorized, 93,419 and 97,500 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively |
130,786 |
136,500 |
| Common stock, no par value: Class A, 65,000,000 shares authorized, 4,664,038 and 2,628,518 issued and outstanding at June 30, 2012 and December 31, 2011, respectively; Class B, 10,000,000 shares authorized, 8,010,092 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively |
21,608,930 |
19,568,120 |
| Additional paid-in-capital |
21,839,333 |
21,872,328 |
| Accumulated deficit |
(40,775,629) |
(37,960,057) |
| Total CarePayment Technologies, Inc. shareholders' equity |
2,803,420 |
3,616,891 |
| Noncontrolling interest |
(48,738) |
(31,254) |
| Total shareholders' equity |
2,754,682 |
3,585,637 |
| Total liabilities and shareholders' equity |
$ 10,112,165 |
$ 10,394,581 |