Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2012
Sep. 30, 2011
Assets    
Cash and cash equivalents $ 2,110,323 $ 244,470
Accounts receivable, net 512,301 654,856
Prepaid expenses and other current assets 86,381 113,323
Total current assets 2,709,005 1,012,649
Accounts receivable, long term portion, net 364,091 371,438
Property and equipment, net 91,603 171,201
Deposits and other assets 33,207 31,007
Intangible assets, net 1,173,431 1,222,334
Total assets 4,371,337 2,808,629
Liabilities:    
Accounts payable 748,552 600,908
Accrued liabilities 336,017 424,595
Notes payable 750,000 1,000,000
Current portion of capital lease obligation 5,330 36,992
Total current liabilities 1,839,899 2,062,495
Total liabilities 1,839,899 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, 2,392,522 and 698,491 shares issued, 2,392,522 and 694,239 shares outstanding at March 31, 2012 and September 30, 2011, respectively 2,393 698
Treasury stock (0 and 4,252 shares, respectively, carried at cost)   (70,923)
Paid in capital 22,977,352 20,813,082
Accumulated deficit (20,459,173) (20,007,589)
Total stockholders' equity 2,531,438 746,134
Total liabilities and stockholders' equity $ 4,371,337 $ 2,808,629