Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash $ 1,941,818 $ 174,376
Accounts receivable 298,304 256,989
Costs and estimated earnings in excess of billings on uncompleted contracts 423,793 476,673
Prepaid expenses and other current assets 90,923 135,964
Total Current Assets 2,754,838 1,044,002
Property and Equipment, net 65,362 66,491
OTHER ASSETS:    
Patents and trademarks, net 45,978 51,423
Total Other Assets 45,978 51,423
TOTAL ASSETS 2,866,178 1,161,916
CURRENT LIABILITIES:    
Accounts payable 812,618 842,787
Accounts payable - related parties 12,598 40,136
Notes payable - financing agreements 49,657 46,368
Notes payable - related parties 9,078 529,485
Notes payable, net of discounts 87,210
Convertible notes payable, including premiums 193,950
Warrant derivative liability 793,099
Line of credit 34,513 38,019
Payroll taxes payable 149,448 444,476
Accrued expenses 497,277 1,218,105
Billings in excess of costs and estimated earnings on uncompleted contracts 200,410 219,625
Deferred revenue 438,907 675,171
Total Current Liabilities 2,204,506 5,128,431
Notes payable - related party 39,137 48,231
Notes payable, net of discounts 1,206,522
Total Liabilities 2,243,643 6,383,184
Series A redeemable convertible cumulative preferred stock, $10 stated value per share, 500,000 shares authorized;0 and 29,600 shares issued and outstanding at December 31, 2017 and December 31, 2016 ($0.00 and $301,920 liquidation value at December 31, 2017 and December 31, 2016, respectively) 301,920
Commitments and Contingencies (Note 10)
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock, $0.001 par value, 10,000,000 authorized, 9,485,000 available to be issued
Common stock: $0.001 par value; 500,000,000 shares authorized 20,657,850 and 1,892,020 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively 20,658 1,892
Additional paid-in capital 26,608,823 18,141,629
Total stock & paid-in-capital 26,629,481 18,143,521
Accumulated deficit (28,688,946) (23,518,709)
Sub-total (2,059,465) (5,375,188)
Less: Treasury stock (3,280 shares of common stock) (148,000) (148,000)
Total Stockholders' Equity (Deficit) 622,535 (5,523,188)
Total Liabilities and Stockholders' Equity (Deficit) 2,866,178 1,161,916
Series B Convertible Preferred Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT):    
Preferred stock, $0.001 par value, 10,000,000 authorized, 9,485,000 available to be issued $ 2,830,000