v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 161,858 $ 16,799
Accounts receivable, net of allowance for factoring fees of $7,612 and $165,991, respectively 19,902 381,900
Deferred financing costs, net 363,463 68,344
Prepaid expenses and other current assets 5,716 54,245
Total Current Assets 550,939 521,288
Property and equipment, net 240,909 303,825
Intangible assets, net 88,999 127,063
Deposits and other assets 55,847 55,847
Total Assets 936,694 1,008,023
Current Liabilities:    
Accounts payable 2,361,756 2,211,568
Accounts payable - related parties 110,000 54,497
Due to factor 479,041 891,353
Accrued expenses 2,479,554 2,171,905
Accrued issuable equity 3,600 57,750
Accrued interest 89,357 58,520
Accrued interest - related parties 11,354 22,988
Notes payable 708,945 1,281,973
Notes payable - related parties, net 1,964,914 226,972
Current portion of deferred rent 11,483 99,609
Deferred revenues 699,154 668,086
Total Current Liabilities 8,919,158 7,745,221
Deferred rent, non-current portion 149,219 83,305
Total Liabilities 9,068,377 7,828,526
Commitments and Contingencies      
Stockholders' Deficiency:    
Preferred stock, $0.0001 par value; authorized - 10,000,000 shares; issued and outstanding - none 0 0
Common stock, $0.0001 par value; authorized - 1,000,000 shares; issued and outstanding - 450,222 and 357,780 shares, respectively 45 36
Additional paid-in capital 38,592,389 36,659,566
Accumulated deficit (46,724,117) (43,480,105)
Total Stockholders' Deficiency (8,131,683) (6,820,503)
Total Liabilities and Stockholders' Deficiency $ 936,694 $ 1,008,023