Quarterly report pursuant to sections 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 5,762,765 $ 4,434,292
Trade accounts receivable, less allowance for doubtful accounts of $61,931 and $56,931, respectively 3,914,148 1,306,600
Inventories 5,179,544 2,576,453
Other assets 641,898 390,977
Total current assets 15,498,355 8,708,322
Property and equipment 1,299,370 700,741
Accumulated depreciation and amortization (517,625) (381,237)
Net property and equipment 781,745 319,504
Goodwill 17,349,686 10,165,993
Intangible assets, less accumulated amortization of $3,316,979 and $873,045, respectively 15,385,877 12,052,876
Other assets, net 60,399 30,391
Total assets 49,076,062 31,277,086
Current Liabilities:    
Accounts payable 5,614,093 2,631,164
Accrued liabilities 1,637,170 865,995
Accrued compensation and benefits 737,244 219,117
Related party payable   8,237
Deferred revenue 960,954 29,626
Customer deposits 223,713 1,397,736
Seesmart purchase price obligations 514,777 1,949,995
Seesmart notes payable obligations   3,421,592
Total current liabilities 9,687,951 10,523,462
Deferred revenue - noncurrent 122,424 57,642
Dividends payable 788,889  
Other noncurrent liabilities 109,802  
Total liabilities 10,709,066 10,581,104
Commitments and contingencies (Note 13)      
Stockholders' Equity:    
Common stock, $.001 par value, 150,000,000 shares authorized, 82,488,573 and 70,213,480 issued and outstanding at September 30, 2013 and December 31, 2012, respectively 82,489 70,214
Additional paid-in capital 81,362,505 60,035,719
Accumulated deficit (63,822,814) (50,289,966)
Total stockholders' equity 27,558,523 20,695,982
Total liabilities and stockholders' equity 49,076,062 31,277,086
Series E Convertible Redeemable Preferred Stock
    
Temporary Equity:    
Convertible redeemable preferred stock 5,669,584  
Series F Convertible Redeemable Preferred Stock
    
Temporary Equity:    
Convertible redeemable preferred stock 5,138,889  
Series C Convertible Preferred Stock
    
Stockholders' Equity:    
Preferred stock 9,936,326 9,936,326
Series B Convertible Preferred Stock
    
Stockholders' Equity:    
Preferred stock 17 17
Series D Convertible Preferred Stock
    
Stockholders' Equity:    
Preferred stock    $ 943,672