| Pro Forma Balance Sheet [Table Text Block] |
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As
of June 30, 2012
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Pro
Forma
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Pro
Forma
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Actual
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Adjustment
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As
Adjusted
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ASSETS
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Cash
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$
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1,222,955
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$
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4,530,480
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$
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5,753,435
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All
other assets
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3,611,372
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-
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3,611,372
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Total
assets
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$
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4,834,327
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$
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4,530,480
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$
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9,364,807
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LIABILITIES
AND STOCKHOLDERS' DEFICIT
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Current
liabilities
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$
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8,614,916
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$
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(989,520
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)
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$
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7,625,396
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Long-term
liabilities
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6,952,945
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-
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6,952,945
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Total
liabilities
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15,567,861
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(989,520
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)
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14,578,341
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Common
stock
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422,735
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54,545
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477,280
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Additional
paid-in capital
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54,385,943
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5,465,455
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59,851,398
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Treasury
stock
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(1,679,234
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)
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-
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(1,679,234
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)
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Accumulated
deficit
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(63,862,978
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)
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-
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(63,862,978
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)
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Total
stockholders' deficit
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(10,733,534
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)
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5,520,000
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(5,213,534
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)
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Total
liabilities and stockholders' deficit
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$
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4,834,327
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$
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4,530,480
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$
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9,364,807
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