|
Condensed Consolidated Balance Sheets (USD $)
|
Jun. 30, 2012
|
Dec. 31, 2011
|
| CURRENT ASSETS |
|
|
| Cash and cash equivalents |
$ 215,655 |
$ 223,099 |
| Accounts Receivable |
129,957 |
103,770 |
| Prepaid expenses |
153,378 |
158,714 |
| Inventory |
1,018,484 |
1,145,560 |
| Total Current Assets |
1,517,474 |
1,631,143 |
| PROPERTY AND EQUIPMENT, net |
127,456 |
151,144 |
| OTHER ASSETS |
|
|
| Deposits and other assets |
64,525 |
64,454 |
| Trademarks, net |
48,865 |
51,319 |
| Customer base, net |
385,154 |
427,950 |
| Total Other Assets |
498,544 |
543,723 |
| TOTAL ASSETS |
2,143,474 |
2,326,010 |
| CURRENT LIABILITIES |
|
|
| Bank overdraft |
174,113 |
179,586 |
| Accounts payable |
917,108 |
1,183,101 |
| Accrued expenses |
2,359,797 |
2,110,674 |
| Due to related parties |
117,174 |
178,127 |
| Banking line of credit |
85,417 |
100,420 |
| Current portion of long-term debt |
2,135 |
1,945 |
| Notes payable, related parties |
952,478 |
922,478 |
| Convertible notes payable, related parties |
245,000 |
245,000 |
| Notes payable, unrelated parties |
1,008,476 |
1,008,476 |
| Total Current Liabilities |
5,861,698 |
5,929,807 |
| LONG-TERM DEBT |
|
|
| Net Long-Term Liabilities |
19,460 |
21,147 |
| Total Long-Term Debt |
19,460 |
21,147 |
| Total Liabilities |
5,881,158 |
5,950,954 |
| STOCKHOLDERS' EQUITY |
|
|
| Preferred stock; no stated par value; authorized 10,000,000 shares; no shares issued or outstanding |
|
|
| Common stock, par value $0.001 per share; authorized 100,000,000 shares; 14,892,141 and 14,892,141 shares respectively issued and outstanding |
14,892 |
14,892 |
| Additional paid-in capital |
30,934,109 |
30,934,109 |
| Other comprehensive loss |
52,473 |
(450) |
| Accumulated deficit |
(34,739,158) |
(34,573,495) |
| Total Stockholders' Deficit |
(3,737,684) |
(3,624,944) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT |
$ 2,143,474 |
$ 2,326,010 |