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Jun 2011
As of Jun 30, 2011
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|---|---|
| ASSETS | |
| Current Assets: | |
| Cash | |
| Accounts receivable-trade (net of allowance) | |
| Unbilled accounts receivable | |
| Inventory | |
| Other current assets | |
| Total current assets | |
| Property and equipment, net | |
| Note receivable | |
| Other assets | |
| Total assets | |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | |
| Current Liabilities: | |
| Bank overdraft | |
| Accounts payable and accrued expenses | |
| Convertible debentures and notes payable - current portion | |
| Preferred stock dividend payable | |
| Due to officer | |
| Due to shareholders & related parties | |
| Total current liabilities | |
| Convertible debentures and notes payable, less current portion | |
| Derivative liability related to convertible debentures | |
| Total liabilities | |
| Stockholders' Deficit: | |
| 12% non-voting convertible redeemable preferred stock: $0.10 par value, 25,357 shares authorized: 25,357 shares issued and outstanding at March 31, 2011 and December 31, 2010: aggregate liquidation preference, $50,714 at March 31, 2011 and December 31, 2010 | |
| Series B voting convertible redeemable preferred stock: $0.10 par value 135,000 shares authorized: 106,294 shares issued and outstanding at March 31, 2011, and December 31, 2010 | |
| Series C voting convertible redeemable preferred stock: $0.10 par value 300,000 shares authorized, issued and outstanding at March 31, 2011 and December 31, 2010 | |
| Series D voting non-convertible preferred stock: $0.001 par value 6,500,000 shares authorized, issued and outstanding at March 31, 2011 and December 31, 2010 | |
| Series E voting non-convertible preferred stock: $0.001 par value, 100,000,000 shares authorized: 31,000,000 shares issued and outstanding at March 31, 2011 and December 31, 2010 | |
| Common Stock: $0.0001 par value, 10,000,000,000 shares authorized; 2,960,067,399 shares issued and outstanding at March 31, 2011 and 2,267,809,905 shares issued and outstanding at December 31, 2010 | |
| Additional paid-in capital: | |
| Attributed to 12% non-voting convertible preferred stock | |
| Attributed to series B voting convertible preferred stock | |
| Attributed to series C voting convertible preferred stock | |
| Attributed to common stock | |
| Accumulated deficit | |
| Total stockholders' deficit | |
| Total liabilities & stockholders' deficit |
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