Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 434,607 $ 438,502
Restricted cash 264,916 244,416
Accounts receivables, net allowance for bad debts of $34,887 and $36,770 1,424,018 1,273,797
Prepaid expenses 94,777 34,973
Inventory 313,416 297,480
Note receivable related party, current portion 18,765 18,212
Deferred tax asset 27,119 27,119
Other current assets 32,767 50,510
Total current assets 2,610,385 2,385,009
Property and equipment, net 271,883 44,952
Products leased and held for lease, net 106,018 85,883
Intangible assets, net 16,067,379 16,811,511
Goodwill 1,091,000 1,091,000
Note receivable related party, net of current portion 364,533 365,086
Deferred tax assets, net of current portion 436,669 436,669
Other assets, net 47,228 7,245
Total assets 20,995,095 21,227,355
Current liabilities:    
Accounts payable 336,268 241,754
Accrued expenses 372,168 322,402
Income taxes payable 156,921 34,655
Deferred revenue 597,209 526,922
Jackpot liabilities 269,543 246,522
Current portion of capital lease obligations 61,305   
Current portion of long-term debt 3,289,275 2,929,918
Total current liabilities 5,082,689 4,302,173
Deferred rent 52,724   
Capital lease obligations, net of current portion 173,313   
Long-term debt, net of debt discount, net of current portion 14,194,019 15,645,939
Total liabilities 19,502,745 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 38,560,591 and 38,310,591 shares issued and outstanding 38,560 38,311
Additional paid-in capital 2,586,135 2,330,676
Stock warrants 49,168 190,053
Accumulated deficit (741,646) (1,002,188)
Accumulated other comprehensive income (loss) (439,867) (277,609)
Total stockholders equity 1,492,350 1,279,243
Total liabilities and stockholders equity $ 20,995,095 $ 21,227,355