Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 394,552 $ 438,502
Restricted cash 94,704 244,416
Accounts receivables, net allowance for bad debts of $34,887 and $36,770 1,432,705 1,273,797
Prepaid expenses 54,347 34,973
Inventory 306,955 297,480
Note receivable related party, current portion 383,298 18,212
Deferred tax asset 27,119 27,119
Other current assets 34,819 50,510
Total current assets 2,728,499 2,385,009
Property and equipment, net 274,675 44,952
Products leased and held for lease, net 132,943 85,883
Intangible assets, net 15,676,130 16,811,511
Goodwill 1,091,000 1,091,000
Note receivable related party, net of current portion    365,086
Deferred tax assets, net of current portion 436,669 436,669
Other assets, net 46,322 7,245
Total assets 20,386,238 21,227,355
Current liabilities:    
Accounts payable 383,560 241,754
Accrued expenses 344,167 322,402
Income taxes payable 276,434 34,655
Deferred revenue 624,246 526,922
Jackpot liabilities 99,479 246,522
Current portion of capital lease obligations 64,926   
Current portion of long-term debt 3,374,357 2,929,918
Total current liabilities 5,167,169 4,302,173
Deferred rent 54,477   
Deferred taxes 124,053   
Capital lease obligations, net of current portion 154,291   
Long-term debt, net of debt discount, net of current portion 13,062,682 15,645,939
Total liabilities 18,562,672 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 38,561 38,311
Additional paid-in capital 2,610,689 2,330,676
Stock warrants 49,168 190,053
Accumulated deficit (654,217) (1,002,188)
Accumulated other comprehensive income (loss) (220,635) (277,609)
Total stockholders equity 1,823,566 1,279,243
Total liabilities and stockholders equity $ 20,386,238 $ 21,227,355