Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 284,388 $ 189,367
Accounts receivable 346,401 274,464
Inventory    37,993
Prepaid expenses and other assets 147,378 68,598
Total current assets 778,167 570,422
Property and Equipment, Net 215,700 343,584
License, Net 72,059 76,471
Prepaid expenses 25,974 36,281
Debt issuance costs, net 601,651 125,534
Total assets 1,693,551 1,152,292
Current liabilities    
Accounts payable and accrued expenses 278,292 332,180
Accrued legal and consulting fees 297,012 220,159
Accrued salaries and benefits 352,213   
Accrued interest - related party 247,600 197,767
Advances payable - related party 4,167 951,034
Convertible note payable of discontinued operations 50,000 50,000
Notes payable 300,000 150,000
Current liabilities of discontinued operations 262,032 262,032
Advances payable - related party of discontinued operations    169,984
Total current liabilities 1,791,316 2,333,156
Convertible promissory notes payable 4,204,403 2,570,199
Accrued interest 126,240 134,975
Total liabilities 6,121,959 5,038,330
Stockholders' deficit    
Common stock; $.001 par value; 100,000,000 shares authorized; 35,299,429 shares issued and outstanding at September 30, 2013 33,239,878 shares issued and outstanding at December 31, 2012 35,299 33,240
Additional paid-in capital 12,275,375 9,958,202
Deficit accumulated during development stage (16,739,082) (13,877,480)
Total stockholders' deficit (4,428,408) (3,886,038)
Total liabilities and stockholders' deficit $ 1,693,551 $ 1,152,292