v3.2.0.727

Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 119,256	$ 372,284
Restricted cash	115,530	115,530
Accounts receivable, net	16,105	82,739
Inventory	385,678	680,963
Total current assets	636,569	1,251,516
Property and equipment, net	2,783,613	2,706,426
Intangible assets, net	66,906	72,195
Development costs	265,583	377,172
Other assets	28,093	30,589
Total assets	3,780,764	4,437,898
Current liabilities:
Accounts payable	2,209,179	2,149,333
Accrued expenses	2,112,947	1,448,642
Due to Shareholder	100,555	250,912
Deferred revenue	2,127,339	2,056,515
Current portion of long-term debt	7,220,130	4,580,000
Total current liabilities	13,770,150	10,485,402
Long term debt	214,692	2,996,155
Total liabilities	13,984,842	13,481,557
Stockholders' deficit:
Common stock, $.001 par value, 300,000,000 authorized, 292,637,174 and 121,398,391 issued and outstanding as of June 30, 2015 and December 31, 2014	292,637	121,407
Additional paid in capital	55,463,581	55,217,688
Accumulated deficit	(65,960,296)	(64,382,754)
Total stockholders' deficit	(10,204,078)	(9,043,659)
Total liabilities and stockholders' deficit	$ 3,780,764	$ 4,437,898

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

NET TALK.COM, INC. 10-Q/A