Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current assets    
Cash $ 3,500,245 $ 363
Accounts receivable, net 502,420 414,671
Other current assets 123,600 30,009
Total current assets 4,126,265 445,043
Goodwill 4,175,032 2,259,624
Intangible assets, net 1,651,692 444,112
Other assets 16,869 201,228
TOTAL ASSETS 9,969,858 3,350,007
Current liabilities    
Accounts payable 561,792 514,949
Accrued interest 16,117 321,368
Accrued and deferred personnel compensation 171,739 299,534
Deferred revenue - related party    35,262
Deferred revenue and customer deposits 173,422 181,731
Convertible notes payable, net of discount    2,857,669
Notes payable 20,000 171,984
Derivative liabilities 237,098 3,074,504
Other current liabilities 109,181 250,144
Earn-out payable 80,369 2,032,881
Total current liabilities 1,369,718 9,740,026
Non-current liabilities 143,631   
Earn-out payable 143,631   
Total non-current liabilities 143,631   
Total liabilities 1,513,349 9,740,026
Stockholders' equity (deficit)    
Common stock, $0.001 par value; 150,000,000 shares authorized; 97,811,977 and 23,218,117 shares issued and outstanding 97,812 23,218
Equity payable 100,862   
Additional paid-in capital 54,786,355 25,412,932
Accumulated deficit (46,528,520) (31,826,169)
Total stockholders' equity (deficit) 8,456,509 (6,390,019)
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) $ 9,969,858 $ 3,350,007