Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.5.0.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash $ 8,586 $ 205,133
Restricted Cash 3,003,226
Accounts receivable, net 7,025,156 1,446,480
Other current assets 2,829,789 2,047,606
Total Current Assets 9,863,531 6,702,445
Property and equipment, net 3,268,877 2,544,497
Total Assets 13,132,408 9,246,942
Current Liabilities:    
Accounts payable 2,232,859 2,998,240
Due to related parties 418,707 245,764
Accrued expenses and other current liabilities 4,109,342 3,578,945
Notes payable, current portion 4,105,491 1,887,120
Notes payable, related parties, current portion 287,301 287,301
Warrant derivative liability 143,200
Accrued litigation costs 1,195,839 1,335,771
Total Current Liabilities 12,492,739 10,333,141
Notes payable, non-current portion 2,275,856 1,572,063
Senior note payable, non-current portion, net of original issue discount and deferred costs 7,244,074 6,846,110
Total Liabilities 22,012,669 18,751,314
Temporary Equity:    
Total Temporary Equity 437,380 437,380
Commitments and contingencies
Stockholders' Deficiency:    
Common stock; $0.001 par value, 200,000,000 shares authorized and 67,305,373 and 2,319,524 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 67,504 2,319
Additional paid-in capital 7,489,707 3,053,075
Common shares to be issued 848,138
Subscriptions receivable (1,716,997) (204,789)
Accumulated deficit (16,006,001) (12,815,929)
Total Stockholders' Deficiency (9,317,641) (9,941,752)
Total Liabilities and Stockholders' Deficiency 13,132,408 9,246,942
Convertible Preferred Stock Series D [Member]    
Stockholders' Deficiency:    
Preferred stock; $0.01 par value, 5,000,000 shares authorized: 18,308
Convertible Preferred Stock Series D [Member] | Temporary Equity [Member]    
Temporary Equity:    
Temporary Equity, value 129,027
Convertible Preferred Stock Series F [Member]    
Stockholders' Deficiency:    
Preferred stock; $0.01 par value, 5,000,000 shares authorized: 5,256
Convertible Preferred Stock Series F [Member] | Temporary Equity [Member]    
Temporary Equity:    
Temporary Equity, value 308,353
Common Stock [Member] | Temporary Equity [Member]    
Temporary Equity:    
Temporary Equity, value 437,380
Convertible Preferred Stock Series A [Member]    
Stockholders' Deficiency:    
Preferred stock; $0.01 par value, 5,000,000 shares authorized: 5 5
Series A-1 Preferred Shares [Member]    
Stockholders' Deficiency:    
Preferred stock; $0.01 par value, 5,000,000 shares authorized: $ 3 $ 3