Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Cash $ 213,229 $ 1,223,803
Restricted cash 3,000,000 0
Accounts receivable 156,235 161,073
Other receivable 159,666 85,473
Inventory 198,274 227,023
Due from related parties 116,305 117,899
Prepaid expenses 436,219 170,769
Assets of discontinued operations 51,804 44,335
TOTAL CURRENT ASSETS 4,331,732 2,030,375
Property and equipment, net 5,047,122 2,316,146
Goodwill 2,053,946 396,487
Intangible assets, net 2,398,919 559,832
Investments at fair value 12,062 56,949
Other investments 1,970,796 2,116,915
Deposits and other assets 213,437 169,727
TOTAL ASSETS 16,028,014 7,646,431
LIABILITIES AND STOCKHOLDERS' EQUITY    
Line of credit and notes payable 625,959 236,110
Derivative liability 2,341,500 0
Accounts payable and accrued expenses 1,550,827 1,108,305
Advances from investors 575,000 0
Other current liabilities 105,453 361,586
Current maturities of capital leases payable 47,186 27,965
Deferred rent 19,561 10,825
Due to related parties 12,191 13,733
Liabilities of discontinued operations 9,881 14,328
TOTAL CURRENT LIABILITIES 5,287,558 1,772,852
Capital leases, less current maturities 63,032 60,518
Convertible note payable, net of debt discount of $2,833,333 166,667 0
Deferred rent 1,204,999 98,448
Other liabilities 100,647 186,060
TOTAL LIABILITIES 6,822,903 2,117,878
Commitments and contingencies (Note 14)      
Stockholders' equity:    
Common stock: $0.0001 par value; authorized 20,000,000 shares; issued and outstanding 4,467,896 and 3,698,896 shares at September 30 2013 and December 31, 2012, respectively 446 370
Additional paid in capital 21,501,399 14,898,423
Other comprehensive loss (155,872) (181,741)
Accumulated deficit (12,126,946) (9,258,697)
Non-controlling interest (13,916) 70,198
TOTAL STOCKHOLDERS' EQUITY 9,205,111 5,528,553
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 16,028,014 $ 7,646,431