Annual report pursuant to section 13 and 15(d)

Balance Sheets

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Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 438,502 $ 398,424
Restricted cash 244,416 216,964
Accounts receivables, net allowance for bad debts of $36,770 and $44,223 1,273,797 1,026,768
Prepaid expenses 34,973 29,443
Inventory 297,480 217,772
Note receivable related party, current portion 18,212 17,155
Deferred tax asset 27,119 341,823
Other current assets 50,510 42,375
Total current assets 2,385,009 2,290,724
Property and equipment, net 44,952 43,399
Products leased and held for lease, net 85,883 47,433
Intangible assets, net 16,811,511 18,550,416
Goodwill 1,091,000 1,091,000
Note receivable related party, net of current portion 365,086 371,106
Deferred tax assets, net of current portion 436,669   
Other assets, net 7,245 10,868
Total assets 21,227,355 22,404,946
Current liabilities:    
Accounts payable 241,754 286,983
Accrued expenses 322,402 251,734
Income taxes payable 34,655   
Deferred revenue 526,922 440,342
Jackpot liabilities 246,522 222,109
Notes payable, current portion 2,929,918 2,360,930
Total current liabilities 4,302,173 3,562,098
Notes payable, net of debt discount, net of current portion 15,645,939 18,250,864
Total liabilities 19,948,112 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; 38,310,591 shares issued and outstanding at December 31, 2013 and 2012, respectively 38,311 38,311
Additional paid-in capital 2,330,676 2,113,097
Stock warrants 190,053 401,827
Accumulated deficit (1,002,188) (1,565,505)
Accumulated other comprehensive (loss) (277,609) (395,746)
Total stockholders equity 1,279,243 591,984
Total liabilities and stockholders equity $ 21,227,355 $ 22,404,946