ALLDIGITAL HOLDINGS, INC.

CIK:0001389217|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Net sales	$ 394,452	$ 949,866	$ 1,801,429	$ 2,762,535
Cost of sales	311,451	595,133	1,374,401	2,470,556
Gross profit (loss)	83,001	354,733	427,028	291,979
Operating expenses
Selling, marketing, and advertising	134,863	146,942	352,571	561,236
General and administrative	571,547	441,736	1,597,059	1,322,441
Total operating expenses	706,410	588,678	1,949,630	1,883,677
Loss from operations	(623,409)	(233,945)	(1,522,602)	(1,591,698)
Other income (expense)
Interest income	178	71	380	652
Interest expense	$ (39,053)	$ (152)	(66,740)	(670)
Other income (expense)			(19,173)	25,170
Total other income (expense)	$ (38,875)	$ (81)	(85,533)	25,152
Loss from operations before provision for income taxes	(662,284)	(234,026)	(1,608,135)	(1,566,546)
Provision for income taxes	(98)	(1,600)	(2,198)	(3,200)
Net loss	$ (662,382)	$ (235,626)	$ (1,610,333)	$ (1,569,746)
Basic and diluted net loss per share	$ (0.02)	$ (0.01)	$ (0.04)	$ (0.04)
Basic and diluted weighted-average shares outstanding	38,254,959	36,345,857	38,155,750	35,709,742

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows From Operating Activities
Net loss	$ (1,610,333)	$ (1,569,746)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	$ 70,228	$ 54,196
Provision for doubtful accounts
Stock based compensation	$ 336,936	$ 85,645
Stock issued for services	7,000	87,999
Loss on disposal of property and equipment	19,173	21,595
Changes in operating assets and liabilities:
Accounts receivable	260,737	162,864
Prepaid expenses and other current assets	143	$ (125,822)
Other assets	(111)
Deferred revenue	47,622	$ (329,535)
Accounts payable and accrued expenses	(27,227)	86,286
Net cash provided by (used in) operating activities	(895,832)	(1,526,518)
Cash Flows From Investing Activities
Purchase of property and equipment	$ (45,614)	(32,172)
Purchase of intangible assets		(3,763)
Net cash used in investing activities	$ (45,614)	(35,935)
Cash Flows From Financing Activities
Proceeds from issuance of secured notes payable	1,305,000	412,500
Payments on capital lease obligations	(20,909)	(11,673)
Net cash provided by financing activities	1,284,091	400,827
Net increase (decrease) in cash and cash equivalents	342,645	(1,161,626)
Cash and cash equivalents - beginning of period	485,761	1,300,932
Cash and cash equivalents - end of period	828,406	139,306
Supplemental disclosures of cash flow information:
Interest paid	18,581	670
Income taxes paid	2,198	3,200
SUPPLEMENTAL INFORMATION OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Sold principal note	163,461	163,461
Pay down trade payable	163,461	163,461
Capital lease financing for computers and other equipment totaling	$ 89,672	$ 89,672

Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 828,406	$ 485,761
Accounts receivable, net of allowance of $0- and $0-	100,539	361,276
Prepaid expenses and other current assets	50,799	50,944
Total current assets	979,744	897,981
Property and equipment, net	152,039	176,194
Purchased intangible assets, net	366,283	386,415
Other assets	18,737	18,626
Total assets	1,516,803	1,479,216
Current Liabilities
Accounts payable and accrued expenses	617,829	809,018
Deferred revenue	52,087	4,465
Other current liabilities	29,875	28,530
Total current liabilities	699,791	842,013
Long-term liabilities:
Long-term debt	2,218,461	750,000
Other liabilities	23,724	45,978
Total long-term liabilities	$ 2,242,185	$ 795,978
Commitments and Contingencies (Note 9)
Stockholders' (Deficit) Equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none and none issued and outstanding, respectively
Common stock, $0.001 par value, 90,000,000 shares authorized, 38,254,959 and 37,170,959 issued and outstanding as of September 30, 2015 and December 31, 2014, respectively	$ 38,255	$ 37,171
Additional paid-in capital	4,979,382	4,636,530
Accumulated deficit	(6,442,810)	(4,832,476)
Total stockholders' (deficit) equity	(1,425,173)	(158,775)
Total liabilities and stockholders' (deficit) equity	$ 1,516,803	$ 1,479,216