Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash $ 250 $ 140,129
Accounts receivable 142,728 452,235
Costs and estimated earnings in excess of billings on uncompleted contracts 511,264 421,116
Prepaid expenses and other current assets 198,530 165,095
Total Current Assets 852,772 1,178,575
Property and equipment, net 81,701 72,544
OTHER ASSETS:    
Patents and trademarks, net 54,241 57,006
Total Other Assets 54,241 57,006
TOTAL ASSETS 988,714 1,308,125
CURRENT LIABILITIES:    
Bank overdraft 18,260
Accounts payable 1,325,303 1,061,961
Accounts payable - related parties 36,286 30,070
Commercial insurance/office equipment financing 130,053 44,024
Notes payable - related parties 449,799 486,964
Notes payable 56,608 196,608
Convertible notes payable, including premiums 193,950 193,950
Line of credit 40,856 40,216
Payroll taxes payable 332,846 296,215
Accrued expenses 1,010,000 955,570
Billings in excess of costs and estimated earnings on uncompleted contracts 140,618 303,064
Deferred revenue 518,634 908,206
Contingent lawsuit payable 550,000
Total Current Liabilities 4,253,213 5,066,848
Note payable, net of discounts 1,074,639
Total Liabilities 5,327,852 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, 65,956,115 and 64,777,621 shares issued and issuable, and outstanding at June 30, 2016 and December 31, 2015, respectively 65,956 64,778
Additional paid-in capital 18,047,566 17,127,675
Accumulated deficit (22,452,660) (20,951,176)
Total Stockholders' Deficit (4,339,138) (3,758,723)
Total Liabilities and Stockholders' Deficit $ 988,714 $ 1,308,125