General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED BALANCE SHEETS

v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
Dec. 31, 2010
ASSETS      
Cash and cash equivalents $ 5,597,764 $ 5,505,960 $ 673,739
Restricted cash 55,000 55,000 555,000
Prepaid expenses and other current assets 335,979 254,967 51,042
Total current assets 5,988,743 5,815,927 1,279,781
FIXED ASSETS, NET 2,697,624 3,044,565 3,510,489
GOODWILL 1,675,462 1,675,462 0
OTHER ASSETS 27,222 27,222 11,872
TOTAL ASSETS 10,389,051 10,563,176 4,802,142
LIABILITIES AND STOCKHOLDERS' EQUITY      
Accounts payable and accrued liabilities 712,808 478,041 392,881
Accrued interest 0 0 305,049
Derivative liability 21,628 23,305 0
Notes payable, current portion 0 0 204,802
Capital lease obligations, current portion 2,356 2,235 2,085
Total current liabilities 736,792 503,581 904,817
LONG-TERM LIABILITIES:      
Convertible debt 0 0 2,720,985
Notes payable, net of current portion 450,000 450,000 920,941
Deferred rent 133,209 124,381 115,311
Capital lease obligations, net of current portion 2,309 4,091 6,326
Total long-term liabilities 585,518 578,472 3,763,563
TOTAL LIABILITIES 1,322,310 1,082,053 4,668,380
COMMITMENTS AND CONTINGENCIES (Notes 13 and 14)         
STOCKHOLDERS' EQUITY:      
Preferred stock, $0.00001 par value; 7,000 shares authorized; none issued and outstanding as of September 30, 2012, December 31, 2011 and 2010 0 0 0
Common stock, $0.00001 par value; 150,000,000 shares authorized; 43,460,497, 36,907,824 and 12,820,102 shares issued and outstanding at September 30, 2012, December 31, 2011 and 2010, respectively 434 369 128
Additional paid-in capital 47,186,659 40,961,180 24,178,638
Deficit accumulated during the development stage (38,120,352) (31,480,426) (24,045,004)
Total stockholders' equity 9,066,741 9,481,123 133,762
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 10,389,051 $ 10,563,176 $ 4,802,142