Annual report pursuant to section 13 and 15(d)

BALANCE SHEETS

v2.4.0.6
BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents    $ 988
Accounts receivable 35,708 184,232
Prepaid consulting    22,500
Prepaid expenses 5,439 11,747
Total Current Assets 41,147 219,467
Property and equipment, net 18,306 25,483
Software, net    27,017
Other assets 4,690 4,690
TOTAL ASSETS 64,143 276,657
Current Liabilities    
Checks written in excess of cash balance 3,880   
Accounts payable 175,265 134,080
Accounts payable - related parties 6,158 5,530
Notes payable - related parties 229,025 25,000
Notes payable - shareholders 50,000   
Notes payable (Convertible), net - related parties 24,953   
Notes payable (Convertible), net - shareholders 69,542 126,951
Loan payable to factor 24,587 115,126
Loans payable - insurance 4,612 4,174
Line of credit 37,028 35,146
Deferred revenue 38,445   
Accrued interest 11,508 896
Total Current Liabilities 675,003 446,903
Long-term liabilities    
Notes payable (OID) - net, shareholders 143,866   
Total Liabilities 818,869 446,903
Commitments and contingencies (Note 13)      
Stockholders' Equity (Deficit)    
Common stock-$.001 par value, 50,000,000 shares authorized, 30,599,417 and 28,666,084 issued and outstanding at December 31, 2012 and December 31, 2011, respectively 30,599 28,666
Additional paid in capital 3,918,394 3,639,812
Accumulated deficit (4,703,719) (3,838,724)
Total Stockholders' Equity (Deficit) (754,726) (170,246)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 64,143 $ 276,657