Annual report pursuant to section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Sep. 30, 2011
Assets    
Cash and cash equivalents $ 1,305,785 $ 244,470
Accounts receivable, net 439,848 654,856
Prepaid expenses and other current assets 52,614 113,323
Total current assets 1,798,247 1,012,649
Accounts receivable, long term portion, net 374,570 371,438
Property and equipment, net 50,526 171,201
Deposits and other assets 35,707 31,007
Intangible assets, net 1,997,671 1,222,334
Total assets 4,256,721 2,808,629
Liabilities and Stockholders' Equity    
Accounts payable 1,017,363 600,908
Accrued liabilities 410,104 424,595
Notes payable 0 1,000,000
Current portion of capital lease obligation 0 36,992
Total current liabilities 1,427,467 2,062,495
Total liabilities 1,427,467 2,062,495
Commitments and contingencies      
Stockholders' equity:    
Series E convertible preferred stock, $0.001 par value, 200,000 shares authorized, 127,840 issued and outstanding, liquidation preference $38,202 10,866 10,866
Common stock, $0.001 par value, 10,000,000 shares authorized, 2,433,442 and 698,491 shares issued, 2,433,442 and 694,239 shares outstanding at September 30, 2012 and September 30, 2011, respectively 2,620 698
Treasury stock (0 and 4,252 shares, at September 30, 2012 and 2011, respectively, carried at cost) 0 (70,923)
Paid in capital 24,400,483 20,813,082
Accumulated deficit (21,584,715) (20,007,589)
Total stockholders' equity 2,829,254 746,134
Total liabilities and stockholders' equity $ 4,256,721 $ 2,808,629