Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 389,348 $ 1,223,803
Accounts receivable 72,128 161,073
Other receivable 78,469 85,473
Inventory 178,886 227,023
Due from related parties 113,748 117,899
Prepaid expenses 216,884 170,769
Assets of discontinued operations 89,758 44,335
TOTAL CURRENT ASSETS 1,139,221 2,030,375
Property and equipment, net 2,226,937 2,316,146
Goodwill 396,487 396,487
Intangible assets, net 629,699 559,832
Investments at fair value 33,185 56,949
Other investments 2,102,668 2,116,915
Deposits and other assets 165,613 169,727
TOTAL ASSETS 6,693,810 7,646,431
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current maturities of long-term debt and notes payable 234,121 236,110
Accounts payable and accrued expenses 1,069,821 1,108,305
Other current liabilities 235,902 361,586
Current maturities of capital leases payable 32,815 27,965
Deferred rent 15,437 10,825
Due to related parties 13,733 13,733
Liabilities of discontinued operations 21,234 14,328
TOTAL CURRENT LIABILITIES 1,623,063 1,772,852
Capital leases payable, less current maturities 44,268 60,518
Deferred rent 99,275 98,448
Other liabilities 121,857 186,060
TOTAL LIABILITIES 1,888,463 2,117,878
Commitments and contingencies (Note 13)      
Stockholders' equity:    
Common stock: $0.0001 par value; authorized 20,000,000 shares; issued and outstanding 3,698,896 shares at March 31, 2013 and December 31, 2012 370 370
Additional paid in capital 14,947,639 14,898,423
Other comprehensive loss (191,989) (181,741)
Accumulated deficit (9,996,540) (9,258,697)
Non-controlling interest 45,867 70,198
TOTAL STOCKHOLDERS' EQUITY 4,805,347 5,528,553
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,693,810 $ 7,646,431