Quarterly report pursuant to sections 13 or 15(d)

Balance Sheets

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Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 362,900 $ 438,502
Restricted cash 253,455 244,416
Accounts receivables, net allowance for bad debts of $36,770 and $36,770 1,325,016 1,273,797
Prepaid expenses 106,171 34,973
Inventory 297,859 297,480
Note receivable related party, current portion 18,487 18,212
Deferred tax asset 27,119 27,119
Other current assets 37,226 50,510
Total current assets 2,428,233 2,385,009
Property and equipment, net 49,866 44,952
Products leased and held for lease, net 114,751 85,883
Intangible assets, net 16,422,012 16,811,511
Goodwill 1,091,000 1,091,000
Note receivable related party, net of current portion 364,811 365,086
Deferred tax assets, net of current portion 436,669 436,669
Other assets, net 48,133 7,245
Total assets 20,955,475 21,227,355
Current liabilities:    
Accounts payable 292,326 241,754
Accrued expenses 329,519 322,402
Income taxes payable 101,462 34,655
Deferred revenue 554,855 526,922
Jackpot liabilities 257,112 246,522
Notes payable, current portion 3,095,759 2,929,918
Total current liabilities 4,631,033 4,302,173
Notes payable, net of debt discount, net of current portion 14,884,619 15,645,939
Total liabilities 19,515,652 19,948,112
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 38,485,591 and 38,310,591 shares issued and outstanding 38,486 38,311
Additional paid-in capital 2,426,738 2,330,676
Stock warrants 147,504 190,053
Accumulated deficit (851,023) (1,002,188)
Accumulated other comprehensive income (loss) (321,882) (277,609)
Total stockholders equity 1,439,823 1,279,243
Total liabilities and stockholders equity $ 20,955,475 $ 21,227,355