Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Parenthetical)

v3.4.0.3
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Allowance for bad debt $ 375,750 $ 375,750
Discounts on prepaid expenses and other current assets 3,414 3,414
Accumulated depreciation of property and equipment 77,653 67,052
Accumulated amortization of Intangible assets 16,423,203 15,557,353
Discount on other noncurrent assets 3,900 4,831
Discount on notes payable 754,421 730,945
Discount on notes payable $ 1,224,817 $ 1,425,167
Stockholders' Equity:    
Common stock, par value $ 0.0001 $ 0.0001
Common stock, shares authorized 200,000,000 200,000,000
Common stock, shares issued 14,967,141 14,867,141
Common stock, shares outstanding 14,967,141 14,867,141
Series B preferred stock    
Stockholders' Equity:    
Preferred stock, par value $ 0.0001 $ 0.0001
Preferred stock, shares authorized 50,000,000 50,000,000
Preferred stock, shares issued 782,004 782,004
Preferred stock, shares outstanding 782,004 782,004