Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 1,694,721 $ 165,129
Accounts receivable 119,582 108,714
Other receivable 118,827 42,109
Inventories 180,362 105,073
Due from related parties 149,708 76,591
Prepaid expenses 300,552 144,347
TOTAL CURRENT ASSETS 2,563,752 641,963
Property and equipment, net 2,422,558 1,505,059
Intangible assets, net 933,192 721,571
Investments at fair value 54,309 318,353
Other investments 2,148,397 1,582,148
Deposits and other assets 130,244 29,605
TOTAL ASSETS 8,252,452 4,798,699
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current maturities of long-term debt, notes and convertible notes payable 238,026 2,796,855
Accounts payable and accrued expenses 821,916 478,005
Other current liabilities 360,125 330,607
Current maturities of capital leases payable 36,467 41,590
Deferred rent 8,030 43,225
Due to related parties 13,733 30,204
TOTAL CURRENT LIABILITIES 1,478,297 3,720,486
Long-term debt, less current maturities 0 236,109
Capital leases payable, less current maturities 67,545 85,853
Deferred rent 89,672 7,162
Other liabilities 201,490 263,321
TOTAL LIABILITIES 1,837,004 4,312,931
Commitments and contingencies (Note 13)      
Stockholders' equity:    
Common stock: $0.0001 par value; authorized 200,000,000 shares; issued 3,698,896 and 1,506,061 shares; and outstanding 3,698,896 and 1,249,446 shares at September 30, 2012 and December 31, 2011, respectively 370 151
Additional paid in capital 14,849,855 6,459,656
Other comprehensive (loss) income (167,930) 50,650
Non-controlling interest 112,454 593,863
Accumulated deficit (8,379,301) (6,092,132)
Less treasury stock, 256,615 shares at December 31, 2011 0 (526,420)
Total stockholders' equity 6,415,448 485,768
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 8,252,452 $ 4,798,699