JUNIPER GROUP INC

CIK:0000864921|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues:
Wireless infrastructure services	$ 45,121	$ 707,785	$ 77,944	$ 1,698,456
Operating costs:
Wireless infrastructure services	5,910	355,519	110,238	1,169,179
Gross (loss) profit	39,211	352,266	(32,294)	529,277
Costs and expenses:
Selling, general and administrative expenses	281,613	460,578	713,878	1,017,760
Loss from operations before other income (expenses)	(242,402)	(108,312)	(746,172)	(488,483)
Other income (expenses):
(Loss) gain on adjustment of derivative and warrant liabilities to fair value	(589,344)	(2,228,458)	(3,580,307)	(71,549)
Amortization of debt discount	(359,634)	(380,258)	(866,752)	(625,277)
Interest expense	(159,417)	(114,240)	(319,928)	(253,029)
Total other income (expenses)	(1,108,395)	(2,722,956)	(4,766,987)	(949,855)
(Loss) income before provision for income taxes	(1,350,797)	(2,831,268)	(5,513,159)	(1,438,338)
Provision for income taxes	1,875	0	4,543	4,912
(Loss) income before preferred stock dividends	(1,352,672)	(2,831,268)	(5,517,702)	(1,443,250)
Preferred stock dividend	(1,522)	(1,522)	(3,043)	(3,043)
Net (loss) income available to common stockholders	$ (1,354,194)	$ (2,832,790)	$ (5,520,745)	$ (1,446,293)
Weighted average number of shares outstanding	4,610,399,672	250,960,731	3,600,940,672	175,889,165
Basic and diluted net (loss) income per common share	$ 0.00	$ (0.01)	$ 0.00	$ (0.01)

Supplemental Cash Flow Information	6 Months Ended
Jun. 30, 2011
Notes to Financial Statements
Supplemental Cash Flow Information	NOTE 10 - Supplemental Cash Flow Information Cash paid for interest was approximately $37,500 in 2011 and $0 in 2010. During the six months ended June 30, 2011 and 2010 the Company: · issued approximately 3,881,729,000 and 152,882,000 shares, respectively, of common stock upon conversion of approximately $348,000 and $416,000, respectively, of Convertible Debentures; · issued 200,000,000 and 2,500,000 shares, respectively, of common stock in exchange for current liabilities of approximately $15,000 and $11,000, respectively; · recognized approximately $13,000 and $291,000, respectively, of unamortized debt discount and $13,000 and $291,000, respectively, of derivative liability relating to the issuance of new convertible debentures; issued approximately $131,200 and $326,500, respectively, of convertible debentures in exchange for current liabilities; and · issued approximately 4,577,000 shares of Common Stock in 2010 upon conversion of 376 shares of Series B Preferred Stock. There were no conversions in 2011.

Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements

Supplemental Cash Flow Information

NOTE 10 - Supplemental Cash Flow Information

Cash paid for interest was approximately $37,500 in 2011 and $0 in 2010.

During the six months ended June 30, 2011 and 2010 the Company:

· issued approximately 3,881,729,000 and 152,882,000 shares, respectively, of common stock upon conversion of approximately $348,000 and $416,000, respectively, of Convertible Debentures;

· issued 200,000,000 and 2,500,000 shares, respectively, of common stock in exchange for current liabilities of approximately $15,000 and $11,000, respectively;

· recognized approximately $13,000 and $291,000, respectively, of unamortized debt discount and $13,000 and $291,000, respectively, of derivative liability relating to the issuance of new convertible debentures; issued approximately $131,200 and $326,500, respectively, of convertible debentures in exchange for current liabilities; and

· issued approximately 4,577,000 shares of Common Stock in 2010 upon conversion of 376 shares of Series B Preferred Stock. There were no conversions in 2011.

Condensed Consolidated Balance Sheets (USD $)	Jun. 30, 2011	Dec. 31, 2010
Current Assets:
Cash	$ 1,690	$ 16,006
Accounts receivable-trade (net of allowance)	21,302	226,903
Unbilled accounts receivable	0	77,500
Inventory	8,937	8,937
Other current assets	22,249	23,145
Total current assets	54,178	352,491
Property and equipment, net	99,850	136,991
Note receivable	605,000	605,000
Other assets	13,732	23,486
Total assets	772,760	1,117,968
Current Liabilities:
Bank overdraft	2,637	41,593
Accounts payable and accrued expenses	3,247,904	2,987,495
Convertible debentures and notes payable - current portion	3,708,748	2,929,342
Preferred stock dividend payable	56,283	53,240
Due to officer	1,245,863	1,098,600
Due to shareholders & related parties	77,481	43,267
Total current liabilities	8,338,916	7,153,537
Convertible debentures and notes payable, less current portion	1,062,570	1,447,697
Derivative liability related to convertible debentures	12,774,871	9,181,564
Total liabilities	22,176,357	17,782,798
Stockholders' Deficit:
12% non-voting convertible redeemable preferred stock: $0.10 par value, 25,357 shares authorized: 25,357 shares issued and outstanding at March 31, 2011 and December 31, 2010: aggregate liquidation preference, $50,714 at March 31, 2011 and December 31, 2010	2,536	2,536
Series B voting convertible redeemable preferred stock: $0.10 par value 135,000 shares authorized: 106,294 shares issued and outstanding at March 31, 2011, and December 31, 2010	10,629	10,629
Series C voting convertible redeemable preferred stock: $0.10 par value 300,000 shares authorized, issued and outstanding at March 31, 2011 and December 31, 2010	30,000	30,000
Series D voting non-convertible preferred stock: $0.001 par value 6,500,000 shares authorized, issued and outstanding at March 31, 2011 and December 31, 2010	6,500	6,500
Series E voting non-convertible preferred stock: $0.001 par value, 100,000,000 shares authorized: 31,000,000 shares issued and outstanding at March 31, 2011 and December 31, 2010	31,000	31,000
Common Stock: $0.0001 par value, 10,000,000,000 shares authorized; 2,960,067,399 shares issued and outstanding at March 31, 2011 and 2,267,809,905 shares issued and outstanding at December 31, 2010	634,953	226,780
Additional paid-in capital:
Attributed to 12% non-voting convertible preferred stock	22,606	22,606
Attributed to series B voting convertible preferred stock	2,433,114	2,433,114
Attributed to series C voting convertible preferred stock	22,000	22,000
Attributed to common stock	24,980,050	24,606,245
Accumulated deficit	(49,576,985)	(44,056,240)
Total stockholders' deficit	(21,403,597)	(16,664,830)
Total liabilities & stockholders' deficit	$ 772,760	$ 1,117,968