Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Restated Note 16)

v2.4.0.6
Condensed Consolidated Balance Sheets (Restated Note 16) (USD $)
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 3,568,416 $ 165,129
Accounts receivable 78,096 108,714
Other receivable 96,737 42,109
Inventory 140,007 105,073
Due from related parties 110,676 76,591
Prepaid expenses 102,606 144,347
TOTAL CURRENT ASSETS 4,096,538 641,963
Property and equipment, net 2,042,963 1,505,059
Intangible assets, net 968,318 721,571
Investments at fair value 80,713 318,353
Other investments 1,804,707 1,582,148
Deposits and other assets 100,491 29,605
TOTAL ASSETS 9,093,730 4,798,699
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current maturities of long-term debt and notes payable 7,722 1,171,855
Convertible notes payable 0 1,625,000
Accounts payable and accrued expenses 922,918 478,005
Other current liabilities 352,398 330,607
Current maturities of capital leases payable 39,054 41,590
Deferred rent 5,573 43,225
Due to related parties 27,485 30,204
TOTAL CURRENT LIABILITIES 1,355,150 3,720,486
Long-term debt, less current maturities 231,519 236,109
Capital leases payable, less current maturities 74,397 85,853
Deferred rent 76,098 7,162
Other liabilities 216,518 263,321
TOTAL LIABILITIES 1,953,682 4,312,931
Commitments and contingencies (Note 13)      
Stockholders' equity:    
Common stock: $0.0001 par value; authorized 200,000,000 shares; issued 3,955,511 and 1,506,061 shares; and outstanding 3,698,896 and 1,249,446 shares at June 30, 2012 and December 31, 2011, respectively 396 151
Additional paid in capital 15,327,680 6,459,656
Other comprehensive income (loss) (188,037) 50,650
Non-controlling interest 165,962 593,863
Accumulated deficit (7,639,533) (6,092,132)
Less treasury stock, 513,230 shares at June 30, 2012 and December 31, 2011 (526,420) (526,420)
Total stockholders' equity 7,140,048 485,768
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 9,093,730 $ 4,798,699