Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 1,365,053 $ 77,979
Accounts receivable, net 1,297,585 1,467,580
Prepaid expenses and other current assets 206,444 216,642
Income tax refunds receivable 1,458,438 1,458,438
Total current assets 4,327,520 3,220,639
Property and equipment, net 3,594,579 3,096,602
Deposits 159,557 165,152
Other assets 231,268 0
Total assets 8,312,924 6,482,393
Current liabilities:    
Accounts payable (includes related parties) 3,301,427 3,351,388
Accrued expenses 2,970,330 4,135,146
Income taxes payable 700,436 942,433
Current portion of notes payable 7,724,614 9,011,247
Current portion of notes payable, related party 243,500 328,500
Current portion of capital lease obligations 1,271,860 1,796,053
Total current liabilities 16,212,167 19,564,767
Other liabilities:    
Capital lease obligations, net of current portion 1,387,272 1,774,121
Derivative liabilities 56,046,310 29,401
Total liabilities 73,645,749 21,368,289
Stockholders' equity:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 5,881,670 and 2,800,377 shares issued and outstanding 58,817 28,004
Additional paid-in-capital 44,953,912 45,726,862
Accumulated deficit (110,345,571) (60,640,864)
Total stockholders' deficit (65,332,825) (14,885,896)
Total liabilities and stockholders' deficit 8,312,924 6,482,393
Series G Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock 2 2
Series H Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock $ 15 $ 100