Annual report pursuant to section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 11,681,086 $ 1,043,730
Accounts receivable, net 2,923,754 3,393,933
Inventory 978,392 1,366,181
Other current assets 832,951 312,885
Due from related parties 245,280 51,771
Total current assets 16,661,463 6,168,500
Property & equipment, net 13,445,413 13,635,482
Investments 2,539,272 1,933,783
Deferred tax assets 232,694 349,382
Other assets 1,333,432 925,389
Security deposits 984,657 974,757
Total assets 35,196,931 23,987,293
Current liabilities:    
Cash overdraft 256,843 575,041
Notes payable, current portion 15,000 320,000
Member loans, current portion    5,027,613
Line of credit 4,316,865 2,477,778
Accounts payable 2,706,027 4,405,850
Accrued expenses 3,137,207 2,414,131
Due to related parties 27,979 518,366
Deferred revenue 27,527 47,528
Total current liabilities 10,487,448 15,786,307
Notes payable, net of current portion    15,000
Other long-term liabilities 39,750 39,750
Derivative liability 10,095,000   
Deferred rent payable 6,348,097 5,657,489
Total liabilities 26,970,295 21,498,546
Common stock, $0.0001 par value, 75,000,000 shares authorized; 24,946,739 and 11,631,400 shares issued and outstanding at December 31, 2013 and 2012, respectively 2,495 1,163
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2013 and 2012, respectively      
Additional paid in capital 30,502,656 (1,039,908)
Accumulated deficit (22,635,560)   
Accumulated other comprehensive (loss) income 49,402 (12,092)
Total stockholders' equity 7,918,993 (1,050,837)
Noncontrolling interest 307,643 3,539,584
Total stockholders' equity including noncontrolling interest 8,226,636 2,488,747
Total Liabilities and Equity $ 35,196,931 $ 23,987,293