|
Consolidated Balance Sheets (USD $)
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 11,063,486 |
$ 3,076,708 |
| Accounts receivable, net |
11,463,397 |
13,060,536 |
| Inventory, net |
1,775,781 |
1,460,876 |
| Deferred tax assets |
0 |
6,671 |
| Prepaid assets |
1,192,483 |
1,174,894 |
| Current assets of discontinued operations |
864,700 |
2,810,857 |
| Total current assets |
26,359,847 |
21,590,542 |
| Property and equipment, net |
5,154,325 |
5,230,215 |
| Property and equipment of discontinued operations |
384,994 |
455,582 |
| Intangible assets, net |
10,886,375 |
11,518,997 |
| Loan origination fees |
0 |
743,082 |
| Other assets |
175,505 |
177,832 |
| Other assets of discontinued operations |
62,255 |
72,531 |
| Total assets |
43,023,301 |
39,788,781 |
| Current liabilities: |
|
|
| Accounts payable |
2,957,202 |
4,348,804 |
| Accrued liabilities |
3,167,182 |
3,379,651 |
| Loss on long-term contract |
2,914,386 |
2,648,644 |
| Deferred revenue |
8,785,013 |
9,350,177 |
| Liabilities of discontinued operations |
5,514,967 |
5,145,565 |
| Total current liabilities |
23,338,750 |
24,872,841 |
| Notes payable - non current |
0 |
14,000,000 |
| Warrant liability |
1,157,846 |
1,447,308 |
| Deferred revenue - non current |
2,598,039 |
1,478,041 |
| Deferred tax liabilities |
3,413 |
0 |
| Loss on long-term contract - non-current |
1,172,555 |
1,035,804 |
| Capital leases and other |
386,397 |
501,386 |
| Non-current liabilities of discontinued operations |
310,983 |
341,644 |
| Total liabilities |
28,967,983 |
43,677,024 |
| Commitment and Contingencies |
|
|
| Series A, Preferred Stock , $100.00 par value (1,000,000 shares authorized, 250,000 shares outstanding at March 31, 2015) |
24,627,300 |
0 |
| Stockholders' equity (deficit): |
|
|
| Common stock, $.0001 par value, (250,000,000 shares authorized; 12,467,756 and 12,467,756 shares issued; 12,167,756 and 12,167,756 shares outstanding, at March 31, 2015 and December 31, 2014, respectively.) |
1,247 |
1,247 |
| Additional paid-in capital |
82,501,468 |
82,089,504 |
| Accumulated comprehensive income (loss) |
(188,278) |
6,211 |
| Retained earnings (accumulated deficit) |
(92,406,419) |
(85,505,205) |
| Treasury Stock, at cost (300,000 shares) |
(480,000) |
(480,000) |
| Total stockholders' equity (deficit) |
(10,571,982) |
(3,888,243) |
| Total liabilities and stockholders' equity (deficit) |
$ 43,023,301 |
$ 39,788,781 |