Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash $ 160,550 $ 1,223,803
Restricted cash 2,750,000 0
Accounts receivable 134,737 161,073
Other receivable 70,907 85,473
Inventory 169,227 227,023
Due from related parties 113,748 117,899
Prepaid expenses 216,307 170,769
Assets of discontinued operations 55,357 44,335
TOTAL CURRENT ASSETS 3,670,833 2,030,375
Property and equipment, net 2,127,114 2,316,146
Goodwill 396,487 396,487
Intangible assets, net 624,301 559,832
Investments at fair value 19,983 56,949
Other investments 1,983,927 2,116,915
Deposits and other assets 166,718 169,727
TOTAL ASSETS 8,989,363 7,646,431
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current maturities of long-term debt, line of credit and notes payable 574,141 236,110
Advances from investors 2,750,000 0
Accounts payable and accrued expenses 1,102,633 1,108,305
Other current liabilities 102,774 361,586
Current maturities of capital leases payable 30,574 27,965
Deferred rent 20,049 10,825
Due to related parties 13,733 13,733
Liabilities of discontinued operations 9,031 14,328
TOTAL CURRENT LIABILITIES 4,602,935 1,772,852
Capital leases payable, less current maturities 36,337 60,518
Deferred rent 99,486 98,448
Other liabilities 108,040 186,060
TOTAL LIABILITIES 4,846,798 2,117,878
Stockholders' equity:    
Common stock: $0.0001 par value; authorized 20,000,000 shares; issued and outstanding 3,702,896 and 3,698,896 shares at June 30 2013 and December 31, 2012, respectively 370 370
Additional paid in capital 14,992,022 14,898,423
Other comprehensive loss (163,792) (181,741)
Accumulated deficit (10,703,474) (9,258,697)
Non-controlling interest 17,439 70,198
TOTAL STOCKHOLDERS' EQUITY 4,142,565 5,528,553
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 8,989,363 $ 7,646,431