|
CONSOLIDATED BALANCE SHEETS (USD $)
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Current assets: |
|
|
| Cash |
$ 358,052 |
$ 687,549 |
| Accounts receivable, net |
1,288,315 |
2,663,652 |
| Prepaid expenses |
336,996 |
116,314 |
| Other assets |
15,393 |
0 |
| Total current assets |
1,998,756 |
3,467,515 |
| Accounts receivable, net of allowance for doubtful accounts of $342,084 and $352,615, respectively |
3,864,944 |
3,642,864 |
| Intangible assets and goodwill, net |
179,200 |
197,200 |
| Other assets |
43,944 |
15,770 |
| Total assets |
6,086,844 |
7,323,349 |
| Current liabilities: |
|
|
| Accounts payable and accrued liabilities |
129,995 |
76,381 |
| Due to related parties |
0 |
164,293 |
| Current portion of long-term debt, net |
350,000 |
500,000 |
| Total current liabilities |
479,995 |
740,674 |
| Line of credit |
500,000 |
0 |
| Long-term debt, including convertible note payable and secured note payable, net |
550,000 |
995,723 |
| Total liabilities |
1,529,995 |
1,736,397 |
| Commitments and contingencies |
|
|
| Stockholders' equity: |
|
|
| Common stock: $0.001 par value, 50,000,000 shares authorized; 19,340,882 and 18,715,882 shares issued and outstanding at December 31, 2014 and 2013, respectively |
19,341 |
18,716 |
| Additional paid-in capital |
19,874,599 |
19,212,669 |
| Accumulated deficit |
(15,337,091) |
(13,644,433) |
| Total stockholders’ equity |
4,556,849 |
5,586,952 |
| Total liabilities and stockholders' equity |
$ 6,086,844 |
$ 7,323,349 |