Consolidated Balance Sheets (Unaudited) - USD ($)
|
Jun. 30, 2015 |
Jun. 30, 2014 |
| Current Assets: |
|
|
| Cash |
$ 52,762
|
$ 24,665
|
| Accounts receivables, net of allowance of $0 and $13,395 respectively |
38,749
|
70,500
|
| Inventories |
14,461
|
7,829
|
| Prepaid expenses |
18,234
|
17,143
|
| Total Current Assets |
124,206
|
120,137
|
| Restricted cash |
63,029
|
51,957
|
| Property and Equipment, net |
583
|
$ 994
|
| Intangibles, net |
144,375
|
|
| Total Assets |
332,193
|
$ 173,088
|
| Current Liabilities: |
|
|
| Notes payable - in default |
521,610
|
493,017
|
| Notes payable, related party - in default |
3,041,097
|
2,649,202
|
| Accounts payable |
630,490
|
540,794
|
| Accounts payable, related party |
96,110
|
78,753
|
| Customer deposits |
25,482
|
91,260
|
| Deferred revenue |
492,603
|
258,764
|
| Payroll tax liabilities |
453,277
|
539,218
|
| Accrued expenses |
22,957
|
104,168
|
| Total Current Liabilities |
5,283,626
|
$ 4,755,176
|
| Contingent earnout liability |
155,000
|
|
| Total Liabilities |
5,438,626
|
$ 4,755,176
|
| Stockholders' Deficiency: |
|
|
| Convertible preferred stock, par value $1.00; authorized 10,000,000 shares, 276,000 shares of Series H authorized, 1,000 shares issued and outstanding as of June 30, 2015 and 2014 |
1,000
|
1,000
|
| Common stock, par value $.01; authorized 50,000,000 shares, 16,530,088 and 15,920,088 shares issued and outstanding as of June 30, 2015 and 2014, respectively |
165,301
|
159,201
|
| Common stock to be issued, 940,000 shares and 400,000 shares, respectively |
51,800
|
39,596
|
| Additional paid-in capital |
14,959,006
|
14,594,181
|
| Accumulated deficit |
(20,283,540)
|
(19,376,066)
|
| Total Stockholders' Deficiency |
(5,106,433)
|
(4,582,088)
|
| Total Liabilities and Stockholders' Deficiency |
$ 332,193
|
$ 173,088
|