Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash $ 250 $ 140,129
Accounts receivable 137,436 452,235
Costs and estimated earnings in excess of billings on uncompleted contracts 434,291 421,116
Prepaid expenses and other current assets 409,543 165,095
Total Current Assets 981,520 1,178,575
Property and Equipment, net 80,901 72,544
OTHER ASSETS:    
Patents and trademarks, net 55,649 57,006
Total Other Assets 55,649 57,006
TOTAL ASSETS 1,118,070 $ 1,308,125
CURRENT LIABILITIES:    
Bank overdraft 3,604
Accounts payable 1,179,885 $ 1,061,961
Accounts payable - related parties 41,205 30,070
Commercial insurance/office equipment financing 133,133 44,024
Notes payable-related parties 495,786 486,964
Notes payable 189,108 196,608
Convertible notes payable, including premiums 193,950 193,950
Line of credit 40,822 40,216
Payroll taxes payable 456,368 296,215
Accrued expenses 1,032,683 955,570
Billings in excess of costs and estimated earnings on uncompleted contracts 420,048 303,064
Deferred revenue 609,316 908,206
Contingent lawsuit payable 550,000 550,000
Total Current Liabilities 5,345,908 5,066,848
Total Liabilities $ 5,345,908 $ 5,066,848
Commitments and Contingencies (Note 5)
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.001 par value; 10,000,000 authorized, none issued or outstanding
Common stock: $0.001 par value; 500,000,000 shares authorized, 65,716,721 and 64,777,621 shares issued and issuable, and outstanding at March 31, 2016 and December 31, 2015, respectively $ 65,718 $ 64,778
Additional paid-in capital 17,496,001 17,127,675
Accumulated deficit (21,789,557) (20,951,176)
Total Stockholders' Deficit (4,227,838) (3,758,723)
Total Liabilities and Stockholders' Deficit $ 1,118,070 $ 1,308,125