Quarterly report pursuant to sections 13 or 15(d)

Balance Sheets

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Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 290,743 $ 398,424
Restricted cash 222,109 216,964
Accounts receivables, net allowance for bad debts of $44,223 and $44,223 995,449 1,026,768
Prepaid expenses 18,602 29,443
Inventory 316,320 217,772
Note receivable - related party, current portion 17,388 17,155
Deferred tax asset 172,286 221,049
Other current assets 48,639 42,375
Total current assets 2,081,536 2,169,950
Property and equipment, net 41,674 43,399
Products leased and held for lease, net 55,927 47,433
Intangible assets, net 18,153,190 18,550,416
Goodwill 1,091,000 1,091,000
Note receivable - related party, net of current portion 366,696 371,106
Deferred income taxes 120,774 120,774
Other assets, net 9,962 10,868
Total assets 21,920,759 22,404,946
Current liabilities:    
Accounts payable 263,848 286,983
Accrued expenses 193,910 251,734
Deferred revenue 444,365 440,342
Jackpot liabilities 235,881 222,109
Notes payable, current portion 2,390,183 2,360,930
Total current liabilities 3,528,187 3,562,098
Notes payable, net of debt discount, net of current portion 17,105,973 18,250,864
Deferred income taxes 72,337   
Total liabilities 20,706,497 21,812,962
Stockholders equity    
Preferred stock, 10,000,000 shares, $.001 par value preferred stock authorized; 0 shares issued and outstanding      
Common stock, 65,000,000 shares authorized; $.001 par value 38,310,591 shares issued and outstanding 38,311 38,311
Additional paid-in capital 2,114,548 2,113,097
Stock warrants 401,827 401,827
Accumulated deficit (1,461,708) (1,565,505)
Accumulated other comprehensive income (loss) 121,284 (395,746)
Total stockholders equity 1,214,262 591,984
Total liabilities and stockholders equity $ 21,920,759 $ 22,404,946