|
CONSOLIDATED BALANCE SHEETS (USD $)
|
Dec. 31, 2011
|
Dec. 31, 2010
|
| Current assets |
|
|
| Cash |
$ 98,449 |
|
| Prepaid expenses |
87,502 |
613,150 |
| Total current assets |
185,951 |
613,150 |
| Deposits |
|
40,494 |
| Property and equipment, net |
78,135 |
10,051 |
| Goodwill and intangible assets |
3,359,466 |
3,329,033 |
| Acquisition deposits |
50,000 |
1,582,809 |
| Total assets |
3,673,552 |
5,575,537 |
| Current liabilities |
|
|
| Bank overdraft |
|
62,796 |
| Accounts payable |
789,021 |
903,258 |
| Deferred salary |
|
330,625 |
| Accrued interest |
716,718 |
310,634 |
| Other accrued expenses and other liabilities |
1,541,315 |
1,411,327 |
| Loans payable to officers and a director |
184,163 |
795,939 |
| Notes payable |
555,000 |
632,017 |
| Event acquisition liabilities |
|
483,718 |
| Total current liabilities |
3,786,217 |
4,930,314 |
| Non-current portion of notes payable to shareholders |
|
625,000 |
| Total liabilities |
3,786,217 |
5,555,314 |
| Commitments and contingencies |
|
|
| Total liabilities and equity (deficit) |
3,673,552 |
5,575,537 |
|
Series C Preferred Stock [Member]
|
|
|
| Current liabilities |
|
|
| Preferred Stock Series value |
|
18 |
|
Series D Preferred Stock [Member]
|
|
|
| Current liabilities |
|
|
| Preferred Stock Series value |
19 |
6 |
| Common stock, $0.001 par value: 200,000,000 shares authorized 88,157,055 and 64,122,301 shares issued and outstanding, at December 31, 2011 and December 31, 2010, respectively |
88,157 |
64,122 |
| Additional paid-in capital |
41,893,380 |
27,189,432 |
| Stock subscription receivable |
|
(749,968) |
| Accumulated deficit |
(42,053,664) |
(26,483,387) |
| Total Stratus Stockholders' equity (deficit) |
(72,099) |
20,223 |
| Non-Controlling interest |
(40,566) |
|
| Total equity (deficit) |
(112,665) |
20,223 |
|
Series E Preferred Stock [Member]
|
|
|
| Current liabilities |
|
|
| Preferred Stock Series value |
$ 9 |
|