Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 27,704 $ 75,017
Accounts receivable, net 392,213 1,199,899
Prepaid expenses and other current assets 227,692 149,385
Income tax refunds receivable 1,458,438 1,458,438
Current assets of AMSG classified as held for sale 43,829 337,900
Total current assets 2,149,876 3,220,639
Property and equipment, net 3,381,232 3,043,590
Deposits 132,461 141,402
Non-current assets of AMSG classified as held for sale 23,750 76,762
Total assets 5,687,319 6,482,393
Current liabilities:    
Accounts payable (includes related parties) 3,252,858 2,928,524
Accrued expenses 2,803,004 2,882,029
Income taxes payable 443,630 790,627
Current portion of notes payable 7,624,614 9,011,247
Current portion of notes payable, related party 443,500 328,500
Current portion of debentures 1,578,028
Current portion of capital lease obligations 1,365,547 1,796,053
Current liabilities of AMSG classified as held for sale 1,625,260 1,827,787
Total current liabilities 19,136,441 19,564,767
Other liabilities:    
Debentures, net of current portion 3,003,931
Capital lease obligations, net of current portion 1,063,461 1,774,121
Derivative liabilities 2,803
Non-current liabilities of AMSG classified as held for sale 26,598
Total liabilities 23,203,833 21,368,289
Commitments and contingencies
Stockholders’ deficit:    
Common stock, $0.01 par value, 500,000,000 shares authorized, 13,408,360 and 2,800,377 shares issued and outstanding 134,084 28,004
Additional paid-in-capital 74,430,142 45,726,862
Accumulated deficit (92,080,742) (60,640,864)
Total stockholders’ deficit (17,516,514) (14,885,896)
Total liabilities and stockholders’ deficit 5,687,319 6,482,393
Series G Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value 2 2
Series H Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred stock value $ 100