TELVUE CORP

CIK:0000839443|SEC Filings

Condensed Statements Of Operations (USD $)	3 Months Ended		9 Months Ended
Condensed Statements Of Operations (USD $)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
REVENUES
TelVue products and services	$ 1,127,507	$ 920,501	$ 2,939,296	$ 2,798,826
ANI services	105,842	168,365	347,992	522,788
TOTAL REVENUES	1,233,349	1,088,866	3,287,288	3,321,614
COST OF REVENUES
TelVue products and services	545,625	468,177	1,483,942	1,551,887
ANI services	23,618	27,394	74,966	88,616
TOTAL COST OF REVENUES	569,243	495,571	1,558,908	1,640,503
GROSS MARGIN	664,106	593,295	1,728,380	1,681,111
OPERATING EXPENSES
Selling and marketing	483,977	265,706	1,362,656	818,119
General and administrative	870,643	812,830	3,268,544	2,353,920
Depreciation	64,644	65,132	188,030	201,226
TOTAL OPERATING EXPENSES	1,419,264	1,143,668	4,819,230	3,373,265
OPERATING LOSS	(755,158)	(550,373)	(3,090,850)	(1,692,154)
OTHER INCOME (EXPENSE)
Interest income	875	70	3,715	169
Interest expense-related party		(256,707)	(251,859)	(737,403)
TOTAL OTHER INCOME (EXPENSE)	875	(256,637)	(248,144)	(737,234)
LOSS BEFORE INCOME TAXES	(754,283)	(807,010)	(3,338,994)	(2,429,388)
INCOME TAX EXPENSE	0	0		0
NET LOSS	(754,283)	(807,010)	(3,338,994)	(2,429,388)
DIVIDENDS ON REDEEMABLE COVERTIBLE PREFERRED STOCK	(50,078)		(108,494)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	$ (804,361)	$ (807,010)	$ (3,447,488)	$ (2,429,388)
NET LOSS PER COMMON SHARE
BASIC AND DILUTED	$ (1.31)	$ (3.31)	$ (6.77)	$ (9.97)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
BASIC AND DILUTED	616,045	243,890	509,047	243,670

Supplemental Cash Flow Information (Debt Conversion) (Details) (USD $)	9 Months Ended
	Sep. 30, 2012
Debt Conversion [Line Items]
Related Party Debt	$ 25,941,000
Related Party Debt [Member]
Debt Conversion [Line Items]
Interest Expense, Debt	$ 4,921,082

Condensed Balance Sheets (USD $)	Sep. 30, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 1,413,060	$ 151,134
Accounts receivable - trade, net of allowance for doubtful accounts of $62,700 at September 30, 2012 and $29,194 at December 31, 2011	806,478	666,074
Inventory	489,544	399,637
Prepaid expenses	77,696	14,930
TOTAL CURRENT ASSETS	2,786,778	1,231,775
PROPERTY AND EQUIPMENT	7,067,877	6,806,652
Less accumulated depreciation	6,586,276	6,398,246
PROPERTY AND EQUIPMENT, NET	481,601	408,406
OTHER ASSETS	10,916	10,916
TOTAL ASSETS	3,279,295	1,651,097
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts payable -- trade	224,089	595,310
Accrued expenses	193,761	264,589
Deferred service revenue	775,154	648,202
Other liabilities	1,317	1,150
TOTAL CURRENT LIABILITIES	1,194,321	1,509,251
LINES OF CREDIT - MAJORITY STOCKHOLDER	0	20,400,000
NOTE PAYABLE - MAJORITY STOCKHOLDER		541,000
ACCRUED INTEREST - MAJORITY STOCKHOLDER		4,669,223
TOTAL LIABILITIES	1,194,321	27,119,474
COMMITMENTS AND CONTINGENCIES
REDEEMABLE CONVERTIBLE SERIES A PREFERRED STOCK, $0.001 par value, 22,500 shares authorized, 14,285.714 shares issued and outstanding, including accrued dividends at September 30, 2012 of $108,494	5,108,494
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $.01 par value, 3,000,000 shares authorized, 616,436 and 245,415 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively	6,211	2,454
Additional paid-in capital	31,383,526	5,494,938
Accumulated deficit	(34,413,257)	(30,965,769)
TOTAL STOCKHOLDERS' DEFICIT	(3,023,520)	(25,468,377)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 3,279,295	$ 1,651,097