0001213900-16-018483.txt : 20161114 0001213900-16-018483.hdr.sgml : 20161111 20161114165038 ACCESSION NUMBER: 0001213900-16-018483 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 42 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161114 DATE AS OF CHANGE: 20161114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Zoned Properties, Inc. CENTRAL INDEX KEY: 0001279620 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF NONRESIDENTIAL BUILDINGS [6512] IRS NUMBER: 465198242 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-51640 FILM NUMBER: 161995652 BUSINESS ADDRESS: STREET 1: 14300 N. NORTHSIGHT BLVD STREET 2: #208 CITY: SCOTTSDALE STATE: AZ ZIP: 85260 BUSINESS PHONE: 877-360-8839 MAIL ADDRESS: STREET 1: 14300 N. NORTHSIGHT BLVD STREET 2: #208 CITY: SCOTTSDALE STATE: AZ ZIP: 85260 FORMER COMPANY: FORMER CONFORMED NAME: Vanguard Minerals Corp DATE OF NAME CHANGE: 20120820 FORMER COMPANY: FORMER CONFORMED NAME: Vanguard Minerals CORP DATE OF NAME CHANGE: 20071113 FORMER COMPANY: FORMER CONFORMED NAME: Knewtrino, Inc. DATE OF NAME CHANGE: 20060721 10-Q 1 f10q0916_zonedproperties.htm QUARTERLY REPORT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended September 30, 2016

☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

COMMISSION FILE NO. 000-51640

ZONED PROPERTIES, INC.

(Exact name of registrant as specified in its charter)

Nevada		46-5198242
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)


14300 N. Northsight Blvd., #208, Scottsdale, AZ		85260
(Address of principal executive offices)		(Zip Code)

(877) 360-8839

(Registrant’s telephone number, including area code)

Former name, former address and former fiscal year, if changed since last report: Not applicable.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ☐		Accelerated filer ☐

Non-accelerated filer ☐ (Do not check if a smaller reporting company)		Smaller reporting company ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No

As of November 14, 2016, the registrant had 17,194,068 shares of common stock, par value $.001 per share, issued and outstanding.

ZONED PROPERTIES, INC.

INDEX

		Page
Part I. Financial Information

	Item 1. Financial Statements	1

	Condensed Consolidated Balance Sheets – September 30, 2016 (unaudited) and December 31, 2015	1

	Condensed Consolidated Statements of Operations – Three and Nine Months Ended September 30, 2016 and 2015 (unaudited)	2

	Condensed Consolidated Statements of Cash Flows – Nine Months Ended September 30, 2016 and 2015 (unaudited)	3

	Notes to Unaudited Condensed Consolidated Financial Statements	4

	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	15

	Item 3. Quantitative and Qualitative Disclosures about Market Risk	22

	Item 4. Controls and Procedures	22

Part II. Other Information

	Item 1. Legal Proceedings	23

	Item 1A. Risk Factors	23

	Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	24

	Item 3. Defaults Upon Senior Securities	24

	Item 4. Mine Safety Disclosures	24

	Item 5. Other Information	24

	Item 6. Exhibits	24

Signatures		25

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

ZONED PROPERTIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

	September 30,			December 31,
	2016			2015
	(Unaudited)
ASSETS
Cash	$	609,826		$	1,281,464
Rental properties, net (See Note 3)		7,714,825			7,224,593
Deferred rent receivable		14,934			8,909
Deferred rent receivable - related parties		797,657			367,013
Real estate tax escrow		106,971			46,072
Prepaid expenses and other current assets		165,565			105,684
Property and equipment, net		41,851			46,488
Security deposits		8,158			8,158

TOTAL ASSETS	$	9,459,787		$	9,088,381

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES:
Mortgage payable	$	2,100,000		$	2,100,000
Convertible note payable		500,000			500,000
Convertible note payable - related party		500,000			500,000
Accounts payable		74,500			36,797
Accrued expenses		147,114			92,044
Accrued expenses - related parties		76,791			56,542
Security deposits payable		91,963			62,440

Total Liabilities		3,490,368			3,347,823

Commitments and Contingencies (See Note 9)

STOCKHOLDERS' EQUITY:
Preferred stock, $.001 par value, 5,000,000 shares authorized; 2,000,000 shares issued and outstanding at September 30, 2016 and December 31, 2015 ($1.00 per share liquidation preference)		2,000			2,000
Common stock: $.001 par value, 100,000,000 shares authorized; 17,181,375 and 17,080,850 issued and outstanding at September 30, 2016 and December 31, 2015, respectively		17,181			17,081
Additional paid-in capital		19,977,646			19,412,954
Accumulated deficit		(14,027,408	)		(13,691,477	)

Total Stockholders' Equity		5,969,419			5,740,558

Total Liabilities and Stockholders' Equity	$	9,459,787		$	9,088,381

See accompanying notes to unaudited condensed consolidated financial statements.

ZONED PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2016			2015			2016			2015

REVENUES:
Rental revenues	$	58,829		$	121,164		$	177,909		$	288,182
Rental revenues - related parties		422,382			286,914			1,113,384			634,883

Total Revenues		481,211			408,078			1,291,293			923,065

OPERATING EXPENSES:
Compensation and benefits		92,814			120,247			366,199			298,411
Professional fees		122,038			369,955			604,238			1,011,008
General and administrative expenses		47,692			69,422			151,992			198,516
Depreciation and amortization		43,139			35,598			125,910			110,060
Property operating expenses		23,913			64,868			54,941			104,016
Real estate taxes		21,160			28,757			63,982			56,622
Consulting fees - related parties		-			8,161			-			53,511
Settlement expense		-			-			87,500			67,500

Total Operating Expenses		350,756			697,008			1,454,762			1,899,644

(LOSS) INCOME FROM OPERATIONS		130,455			(288,930	)		(163,469	)		(976,579	)

OTHER INCOME (EXPENSES):
Interest expenses		(48,123	)		(49,079	)		(144,369	)		(145,325	)
Interest expenses - related parties		(8,750	)		(8,750	)		(26,250	)		(26,250	)
Loss on sale of property and equipment		-			-			(1,843	)		-
Other income		-			-			-			2,545
Interest income		-			-			-			439

Total Other Expenses, net		(56,873	)		(57,829	)		(172,462	)		(168,591	)

(LOSS) INCOME BEFORE INCOME TAXES		73,582			(346,759	)		(335,931	)		(1,145,170	)

PROVISION FOR INCOME TAXES		-			-			-			-

NET (LOSS) INCOME	$	73,582		$	(346,759	)	$	(335,931	)	$	(1,145,170	)

NET LOSS PER COMMON SHARE:
Basic and Diluted	$	-		$	(0.02	)	$	(0.02	)	$	(0.06	)

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic and Diluted		17,160,228			17,920,100			17,136,148			18,491,082

See accompanying notes to unaudited condensed consolidated financial statements.

ZONED PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Nine Months Ended
	September 30,
	2016			2015

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(335,931	)	$	(1,145,170	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense		125,910			110,060
Stock-based compensation		228,033			55,000
Stock-based settlement expense		43,750			50,000
Accretion of stock-based stock option expense		233,009			578,386
Loss from sale of property and equipment		1,843			-
Deferred rent receivable		(6,025	)		(12,778	)
Deferred rent receivable - related parties		(430,644	)		(192,622	)
Change in operating assets and liabilities:
Real estate tax escrow		(60,899	)		(20,872	)
Prepaid expenses and other assets		(59,881	)		(4,035	)
Security deposits		-			(1,421	)
Accounts payable		37,703			40,407
Accrued expenses		55,070			70,777
Accrued expenses - related parties		20,249			(6,167	)
Security deposits payable		29,523			22,963

NET CASH USED IN OPERATING ACTIVITIES		(118,290	)		(455,472	)

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition and development of buildings and improvements		(551,314	)		(43,295	)
Acquisition of land		-			(200,000	)
Cash received from sale of property and equipment		500			-
Acquisition of property and equipment		(2,534	)		(6,961	)

NET CASH USED IN INVESTING ACTIVITIES		(553,348	)		(250,256	)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock		-			1,000,000
Redemption of common stock		-			(2,250	)

NET CASH PROVIDED BY FINANCING ACTIVITIES		-			997,750

NET (DECREASE) INCREASE IN CASH		(671,638	)		292,022

CASH, beginning of period		1,281,464			1,066,377

CASH, end of period	$	609,826		$	1,358,399

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid during the period for interest
Interest	$	144,369		$	145,325
Income taxes	$	-		$	-

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for buildings and improvements	$	60,000		$	-
Purchase and cancellation of treasury shares in exchange for net properties pursuant to settlement	$	-		$	1,406,603

See accompanying notes to unaudited condensed consolidated financial statements.

ZONED PROPERTIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2016

NOTE 1 – ORGANIZATION AND NATURE OF OPERATIONS

Organization

Zoned Properties, Inc., formerly Vanguard Minerals Corporation (“Zoned Properties” or the “Company”), was incorporated in the State of Nevada on August 25, 2003. On May 2, 2006, the Company changed its name to Knewtrino, Inc. On August 10, 2007, the Company changed its name to Vanguard Minerals Corporation. On October 2, 2013, the Company changed its name to Zoned Properties, Inc. to reflect its maturing business model that focuses on commercial property acquisition and development.

The Company is a strategic real estate development firm whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries, including the licensed marijuana industry. The Company acquires commercial properties that face unique zoning challenges and identifies solutions that can potentially have a major impact on the cash flow and value generated. Zoned Properties targets commercial properties that can be acquired and potentially re-zoned for specific purposes. Zoned Properties does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substances Act.

The Company has the following wholly-owned subsidiaries:

●

Gilbert Property Management, LLC was organized in the State of Arizona on February 10, 2014.

●

Tempe Industrial Properties, LLC was organized in the State of Arizona on February 19, 2014.

●

Chino Valley Properties, LLC (“Chino Valley”) was organized in the State of Arizona on April 15, 2014.

●

Kingman Property Group, LLC was organized in the State of Arizona on April 15, 2014.

●

Green Valley Group, LLC (“Green Valley”) organized in the State of Arizona on April 15, 2014.

●

Zoned Oregon Properties, LLC was organized in the State of Oregon on June 16, 2015.

●

Zoned Colorado Properties, LLC was organized in the State of Colorado on September 17, 2015.

●

Zoned Illinois Properties, LLC was organized in the State of Illinois on July 15, 2015.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation and principals of consolidation

The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation.

The condensed consolidated financial statements for the three and nine months ended September 30, 2016 and 2015 have been prepared by us without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, all adjustments necessary to present fairly our financial position, results of operations, and cash flows as of September 30, 2016 and 2015, and for the periods then ended, have been made. Those adjustments consist of normal and recurring adjustments. Operating results for interim periods are not necessarily indicative of results that may be expected for the fiscal year as a whole.

Use of estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates for the nine months ended September 30, 2016 and 2015 include the collectability of rent, the useful life of rental properties and property and equipment, assumptions used in assessing impairment of long-term assets, valuation allowances for deferred tax assets, and the fair value of non-cash equity transactions, including options and stock-based compensation.

Risks and uncertainties

The Company’s operations are subject to risk and uncertainties including financial, operational, regulatory and other risks including the potential risk of business failure. The Company conducts a significant portion of its business in Arizona. Consequently, any significant economic downturn in the Arizona market could potentially have an effect on the Company’s business, results of operations and financial condition.

ZONED PROPERTIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2016

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Fair value of financial instruments

The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, note receivable, deferred rent receivable, prepaid expenses and other current assets, real estate tax escrow, short-term notes payable, mortgages payable, convertible notes payable, accounts payable, accrued expenses, and other payables approximate their fair market value based on the short-term maturity of these instruments.

The Company analyzes all financial instruments with features of both liabilities and equity under the Financial Accounting Standard Board’s (the “FASB”) accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company did not identify any assets or liabilities that are required to be presented on the balance sheet at fair value in accordance with Accounting Standards Codification (“ASC”) Topic 820.

ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the fair value option to any outstanding instruments.

Cash and cash equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. The majority of the Company’s cash and cash equivalents are held at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation (“FDIC”) limit. To date, the Company has not experienced any losses on its invested cash. The Company had no cash equivalents at September 30, 2016 and December 31, 2015. At September 30, 2016, the Company had approximately $360,000 of cash in excess of FDIC limits.

Accounts receivable

The Company recognizes an allowance for losses on accounts receivable in an amount equal to the estimated probable losses net of recoveries. The allowance is based on an analysis of historical bad debt experience, current receivables aging, and expected future write-offs, as well as an assessment of specific identifiable customer accounts considered at risk or uncollectible. The expense associated with the allowance for doubtful accounts is recognized in general and administrative expense.

Real estate tax escrow

Real estate tax escrow consists of funds held for the purpose of real estate taxes owed. These funds will be released as required to satisfy tax payments as due.

Rental properties

Rental properties are carried at cost less accumulated depreciation and amortization. Betterments, major renovations and certain costs directly related to the improvement of rental properties are capitalized. Maintenance and repair expenses are charged to expense as incurred. Depreciation is recognized on a straight-line basis over estimated useful lives of the assets, which range from 7 to 39 years. Tenant improvements are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets.

Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above-market leases and acquired in-place leases) and acquired liabilities (such as acquired below-market leases) and allocate the purchase price based on these assessments. The Company assesses fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. The Company records acquired intangible assets (including acquired above-market leases and acquired in-place leases) and acquired intangible liabilities (including below-market leases) at their estimated fair value. The Company amortizes acquired above-and below-market leases as a decrease or increase to rental income, respectively, over the lives of the respective leases. Amortization of acquired in-place leases is included as a component of depreciation and amortization. For the nine months ended September 30, 2016 and 2015, there were no acquired in-place leases.

ZONED PROPERTIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2016

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Rental properties (continued)

The Company’s properties, including any related intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. If the Company’s estimates of the projected future cash flows, anticipated holding periods, or market conditions change, the Company’s evaluation of impairment losses may be different and such differences could be material to its consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses. For the nine months ended September 30, 2016 and 2015, the Company did not record any impairment losses.

The Company has capitalized land, which is not subject to depreciation.

Property and equipment

Property and equipment is stated at cost, less accumulated depreciation. Depreciation of property and equipment is provided utilizing the straight-line method over the estimated useful lives. The Company uses a five year life for office equipment, seven years for furniture and fixtures, and 5 to 10 years for vehicles. Expenditures for maintenance and repairs are charged to expense as incurred. Upon sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in statements of operations.

The Company examines the possibility of decreases in the value of these assets when events or changes in circumstances reflect the fact that their recorded value may not be recoverable.

Revenue recognition

Rental income includes base rents that each tenant pays in accordance with the terms of its respective lease and is reported on a straight-line basis over the non-cancellable term of the lease, which includes the effects of rent steps and rent abatements under the leases. We commence rental revenue recognition when the tenant takes possession of the leased space or controls the physical use of the leased space and the leased space is substantially ready for its intended use. Rental income also includes the amortization of acquired above-and below-market leases, net. Beginning in 2014, the Company began generating revenues from the non-residential rental properties.

Certain of the Company’s leases currently contain rental increases at specified intervals. The Company records as an asset, and include in revenue, rents receivable that will be received if the tenant makes all rent payments required through the expiration of the initial term of the lease. Deferred rents receivable in the accompanying balance sheets includes the cumulative difference between rental revenue recorded on a straight-line basis and rents received from the tenants in accordance with the lease terms. Accordingly, management determines to what extent the deferred rent receivable applicable to each specific tenant is collectible. The Company reviews material rents receivable and takes into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of rent receivable with respect to any given tenant is in doubt, we record an increase in the allowance for uncollectible accounts or the Company records a direct write-off of the specific rent receivable. No such reserves related to deferred rent receivable have been recorded as of September 30, 2016 and December 31, 2015. For the nine months ended September 30, 2015, in connection with certain related party leases, the Company only included in revenues the amount of rents received from the related parties in accordance with the lease terms. On August 1, 2015, the Company transferred title to its Bernalillo, New Mexico property and the respective related party lease as part of a settlement agreement, and cancelled a related party lease in June 2015.

ZONED PROPERTIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2016

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Basic income (loss) per share

Basic income (loss) per share is computed by dividing net income (loss) by weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. All potentially dilutive common shares were excluded from the computation of diluted shares outstanding as they would have an anti-dilutive impact on the Company’s net losses and consisted of the following:

	September 30, 2016		September 30, 2015
Convertible debt		200,000		200,000
Stock options		1,250,000		1,300,000

Segment reporting

The Company’s business is comprised of one reportable segment. The Company has determined that its properties have similar economic characteristics to be aggregated into one reportable segment (operating, leasing and managing commercial properties). The Company’s determination was based primarily on its method of internal reporting.

Income tax

Deferred income tax assets and liabilities arise from temporary differences between the financial statements and tax basis of assets and liabilities, as measured by the enacted tax rates, which are expected to be in effect when these differences reverse. Deferred tax assets and liabilities are classified as current or non-current, depending upon the classification of the asset or liabilities to which they relate. Deferred tax assets and liabilities not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.

The Company follows the provisions of FASB ASC 740-10 “Uncertainty in Income Taxes”. Certain recognition thresholds must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax positions that meet a “more-likely-than-not” threshold.

The Company does not believe it has any uncertain tax positions as of September 30, 2016 and 2015 that would require either recognition or disclosure in the accompanying consolidated financial statements.

Stock-based compensation

Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718 which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.

Pursuant to ASC Topic 505-50, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the service period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.

Related parties

Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.

ZONED PROPERTIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2016

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Recently issued accounting pronouncements

In May 2014, the FASB issued an update (“ASU 2014-09”) Revenue from Contracts with Customers. ASU 2014-09 establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most of the existing revenue recognition guidance and notes that lease contracts with customers are a scope exception. ASU 2014-09 requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services and also requires certain additional disclosures. On August 12, 2015, the FASB issued ASU 2015-14 to defer the effective date of ASU 2014-09. Public business entities may elect to adopt the amendments as of the original effective date; however, adoption is required for annual reporting periods beginning after December 15, 2017. The Company is currently assessing the impact of the guidance on our consolidated financial statements and notes to our consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern, that will require management to assess an entity’s ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. In connection with each annual and interim period, management will assess if there is substantial doubt about an entity’s ability to continue as a going concern within one year after the issuance date. Substantial doubt exists if it is probable that the entity will be unable to meet its obligations within one year after the issuance date. The new standard defines substantial doubt and provides example indicators. Disclosures will be required if conditions give rise to substantial doubt. However, management will need to assess if its plans will alleviate substantial doubt to determine the specific disclosures. This standard is effective for public entities for annual periods ending after December 15, 2016. Earlier application of this standard is permitted. This standard is not expected to have a material effect on the Company’s financial position, results of operations and cash flows.

In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”), which requires entities to present deferred tax assets and deferred tax liabilities as noncurrent in a classified balance sheet. The ASU simplifies the current guidance in ASC Topic 740, Income Taxes, which requires entities to separately present deferred tax assets and liabilities as current and noncurrent in a classified balance sheet. ASU 2015-17 is effective for fiscal years beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for all entities as of the beginning of an interim or annual reporting period. The Company does not expect the impact of ASU 2015-17 to be material to its consolidated financial statements.

On February 25, 2016, the FASB issued ASU No. 2016-02 (“ASU 2016-02”) to amend the accounting guidance for leases. The accounting applied by a lessor is largely unchanged under ASU 2016-02. However, the standard requires lessees to recognize lease assets and lease liabilities for leases classified as operating leases on the balance sheet. Lessees will recognize in the statement of financial position a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it will recognize lease expense for such leases generally on a straight-line basis over the lease term. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018 and early adoption is permitted. The Company is currently assessing the impact of the guidance on its consolidated financial statements and notes to its consolidated financial statements.

On March 30, 2016, the FASB issued ASU No. 2016-09 (“ASU 2016-09”) to amend the accounting guidance for share-based payment accounting. The areas for simplification in ASU 2016-09 involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, forfeitures, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods beginning after December 15, 2016 and early adoption is permitted.

Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

Reclassification

Certain reclassifications have been made in the prior period’s consolidated financial statements to conform to the current period’s presentation.

ZONED PROPERTIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2016

NOTE 3 – RENTAL PROPERTIES

At September 30, 2016 and December 31, 2015, rental properties, net consisted of the following:

Description	Useful Life (Years)	September 30, 2016			December 31, 2015
Building and building improvements	39	$	4,950,016		$	4,823,318
Construction in progress	-		484,617			-
Land	-		2,589,667			2,589,667
Equipment	7		23,164			23,164
Rental properties, at cost			8,047,464			7,436,149
Less: accumulated depreciation			(332,639	)		(211,556	)
Rental properties, net		$	7,714,825		$	7,224,593

For the three months ended September 30, 2016 and 2015, depreciation and amortization of rental properties amounted to $41,522 and $33,901, respectively. For the nine months ended September 30, 2016 and 2015, depreciation and amortization of rental properties amounted to $121,083 and $105,345, respectively.

NOTE 4 – RELATED PARTY TRANSACTIONS

(A) Convertible notes payable – related parties

On August 20, 2014, the Company received, pursuant to the terms of a Senior Convertible Debenture, $500,000 from a beneficial common stockholder who also holds 50% of the issued preferred stock. The Debenture bears interest at 7% and the principal balance and all accrued interest is due on the maturity date of August 20, 2017. The holder has the option after 12 months to convert all or a portion of the Debenture into shares of the Company’s common stock at the conversion price of $5.00 per share. As of September 30, 2016 and December 31, 2015, the principal balance due and owing under this Debenture is $500,000. As of September 30, 2016 and December 31, 2015, accrued interest payable amounted to $73,791 and $47,542, respectively, and is included in accrued expenses – related parties on the accompanying consolidated balance sheets. For the three months ended September 30, 2016 and 2015, interest expenses – related party amounted to $8,750 and $8,750, respectively. For the nine months ended September 30, 2016 and 2015, interest expenses – related party amounted to $26,250 and $26,250, respectively.

(B) Employment agreement

On October 26, 2015, the Company entered into an engagement letter with a Company majority owned by the Company’s chief financial officer (“CFO”). Pursuant to the engagement letter, the Company shall pay to a base fee of $6,500 in cash per month of which $2,000 shall be deferred and paid upon the earlier of six months or a capital raise, and $3,500 per month payable quarterly in advance in common shares of the Company valued at the lower of the share price from the most recent capital raise or 60% of the bid price of the Company’s common stock at the last trading day of the previous quarter with a minimum number of common shares issuable per month of 1,250 shares. (See Note 5).

(C) Related party lease agreements

During 2014, the Company entered into lease agreements with non-profit companies and other companies whose director is a beneficial stockholder of the Company. Additionally, in August 2015, the Company entered into two lease agreements with C3C3 Group, LLC, a company owned by this beneficial shareholder of the Company (the “Tenant”) to lease space in Tempe, Arizona and Chino Valley, Arizona. The Tempe lease commenced on September 1, 2015, was amended on August 23, 2016 and expires on July 31, 2035 with base monthly rent $13,500, subject to a 5% annual increase and increases in rental area up to 20,000 square feet. The Chino Valley lease commenced on August 1, 2015, was amended on October 5, 2016 and expires on July 31, 2035 with base monthly rent $30,000, subject to a 5% annual increase and increases in rental area up to 25,000 square feet. For the three months ended September 30, 2016 and 2015, rental income associated with these related party leases amounted to $422,382 and $286,914, respectively. For the nine months ended September 30, 2016 and 2015, rental income associated with these related party leases amounted to $1,113,384 and $634,883, respectively. At September 30, 2016 and December 31, 2015, deferred rent receivable – related party amounted to $797,657 and $367,013, respectively. In connection with these leases, the related party tenants shall pay security deposits aggregating $60,000 payable in twelve monthly installments of $5,000 beginning September 1, 2015. At September 30, 2016 and December 31, 2015, security deposits payable to related parties amounted to $70,000 and $26,250, respectively.

ZONED PROPERTIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2016

NOTE 4 – RELATED PARTY TRANSACTIONS

(C) Related party lease agreements (continued)

The parties identified a budget of $2,000,000 for developing the property and constructing the Tenant improvements. Through September 30, 2016, capitalized building improvements and construction in progress costs related to the Chino Valley and Tempe properties amounted to $611,314. As of September 30, 2016, the Town of Chino Valley has granted the Company a five year Phased Protected Development Rights Plan for the Chino Valley Property with an option to extend for an additional two year term.

NOTE 5 – STOCKHOLDERS’ EQUITY

(A) Preferred Stock

On December 13, 2013, the Board of Directors of the Company authorized and approved the creation of a new class of Preferred Stock consisting of 5,000,000 shares authorized, $.001 par value. The preferred stock is not convertible into any other class or series of stock. The holders of the preferred stock are entitled to fifty (50) votes for each share held. Voting rights are not subject to adjustment for splits that increase or decrease the common shares outstanding. Upon liquidation, the holders of the shares will be entitled to receive $1.00 per share plus redemption provision before assets distributed to other shareholders. The holders of the shares are entitled to dividends equal to common share dividends. Once any shares of Preferred Stock are outstanding, at least 51% of the total number of shares of Preferred Stock outstanding must approve the following transactions:

Alter or change the rights, preferences or privileges of the Preferred Stock.

Create any new class of stock having preferences over the Preferred Stock.

Repurchase any of our common stock.

Merge or consolidate with any other company, except our wholly-owned subsidiaries.

Sell, convey or otherwise dispose of, or create or incur any mortgage, lien, or charge or encumbrance or security interest in or pledge of, or sell and leaseback, in all or substantially all of our property or business.

Incur, assume or guarantee any indebtedness maturing more than 18 months after the date on which it is incurred, assumed or guaranteed by us, except for operating leases and obligations assumed as part of the purchase price of property.

(B) Common stock issued for services

During the nine months ended September 30, 2016, pursuant to an engagement letter dated in October 2015, the Company issued 14,275 shares of its common stock to a Company majority owned by the Company’s CFO for services rendered. The shares were valued at their fair value of $47,734 or at a range of $2.54 to $5.34 per common share which was the fair value of the common shares on the date of grant based on the value of services to be rendered or by using the quoted share price on the dates of grant, whichever was more reliable. In connection with the issuance of these common shares, during the nine months ended September 30, 2016 and 2015, the Company recorded stock-based compensation expense of $47,734 and zero, respectively.

On January 27, 2016, the Company issued an aggregate of 30,000 shares of common stock to three members of the Company’s board of directors (10,000 each) for services rendered. The shares were valued at their fair value of $135,000 using the quoted share price on the date of grant of $4.50 per common share. In connection with these grants, in January 2016, the Company recorded stock-based compensation expense of $135,000.

On February 1, 2016, pursuant to an engagement letter effective January 28, 2016, the Company agreed to issue an aggregate of 30,000 shares of its common stock to a company for architectural and design services to be rendered. Pursuant to the agreement, the Company shall issue 10,000 shares of common stock immediately and 20,000 shares of common stock at the completion of the engagement. The initial shares were valued at their aggregate fair value of $45,000 using the quoted share price on the date of grant of $4.50 per common share. In connection with the issuance of these shares, on February 1, 2016, the Company capitalized costs of $45,000 as part of construction in progress to be depreciated over the life of the building improvements. On August 23, 2016, the Company issued an additional 10,000 common shares pursuant to this engagement letter. These shares were valued at a fair value of $15,000 using the quoted share price on the measurement date of grant of $1.50 per common share. In connection with the issuance of these shares, on August 23, 2016, the Company capitalized costs of $15,000 as part of construction in progress to be depreciated over the life of the building improvements. The Company shall value the remaining 10,000 shares when issued using the quoted share price on the measurement date, which shall be the date that the services are completed.

ZONED PROPERTIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2016

NOTE 5 – STOCKHOLDERS’ EQUITY (continued)

(B) Common stock issued for services (continued)

Effective September 1, 2015, the Company entered into a one year consulting agreement with an investor relations firm for investor relations services. In connection with this consulting agreement, the Company shall compensate the consultant for services rendered 1) cash of $5,000 per month and 2) 7,500 restricted shares to be issued within the first thirty days of the contractual period and an additional 7,500 shares of restricted stock to be issued at the end of month seven. In connection with this agreement, on March 31, 2016, the Company issued 7,500 shares of restricted stock. The shares were valued at their aggregate fair value of $40,050 using the quoted share price on the dates of grant of $5.34 per common share. Accordingly, the Company recorded consulting fees of $40,050. Effective September 1, 2016, the Company renewed this consulting agreement for an additional one year term. In connection with this renewed consulting agreement, the Company shall compensate the consultant for services rendered 1) cash of $5,000 per month and 2) 3,750 common shares per quarter to be issued at the beginning of each quarter. In connection with this renewed consulting agreement, on September 1, 2016, the Company issued 3,750 shares of common stock. The shares were valued at their aggregate fair value of $5,250 using the quoted share price on the dates of grant of $1.40 per common share. Accordingly, the Company recorded consulting fees of $5,250.

On July 15, 2016, pursuant to a Settlement Agreement, the Company agreed to issue an aggregate of 50,000 shares of its common stock as follows: (a) 12,500 shares were issued within three days from execution of this Settlement Agreement, (b) 12,500 were issued on September 30, 2016, (c) 12,500 shares shall be issued on December 30, 2016, and (d) 12,500 shares shall be issued on March 31, 2017. In connection with this settlement agreement, on the measurement date of July 15, 2016, the Company valued the 50,000 shares issuable using the quoted share price of $1.75 per common share and recorded settlement expense and an accrued expense of $87,500. During the three months ended September 30, 2016, in connection with this settlement agreement, the Company issued an aggregate of 25,000 common shares and reduced accrued expenses by $43,750. At September 30, 2016, 25,000 shares are still issuable under this settlement agreement and accrued expenses amounted to $43,750.

(C) Equity Incentive Plan

On August 9, 2016, the Company’s Board of Directors authorized the 2016 Equity Incentive Plan (the “2016 Plan”) and reserved 10,000,000 shares of common stock for issuance thereunder. The 2016 Plan’s purpose is to encourage ownership in the Company by employees, officers, directors and consultants whose long-term service the Company considers essential to its continued progress and, thereby, encourage recipients to act in the stockholders’ interest and share in the Company’s success. The 2016 Plan authorizes the grant of awards in the form of options intended to qualify as incentive stock options under Section 422 of the Internal Revenue Code, options that do not qualify (non-statutory stock options) and grants of restricted shares of common stock. Restricted shares granted pursuant to the 2016 Plan are amortized to expense over the three-year vesting period. Options vest and expire over a period not to exceed seven years. If any share of common stock underlying a stock option that has been granted ceases to be subject to a stock option, or if any shares of common stock that are subject to any other stock-based award granted are forfeited or terminate, such shares shall again be available for distribution in connection with future grants and awards under the 2016 Plan. As of September 30, 2016, no awards have been made under the 2016 Plan. At September 30, 2016, 10,000,000 shares are available for future issuance.

The Company also continues to maintain its 2014 Equity Compensation Plan (the “2014 Plan”), pursuant to which 1,250,000 previously awarded stock options are outstanding. The 2014 Plan has been superseded by the 2016 Plan. Accordingly, no additional shares subject to the existing 2014 Plan will be issued and the 1,250,000 shares issuable upon exercise of stock options will be issued pursuant to the 2014 Plan, if exercised. As of September 30, 2016, options to purchase 1,250,000 shares of common stock are outstanding pursuant to the 2014 Plan.

(D) Stock options granted pursuant to consulting and employment agreements

On May 6, 2015, the Company entered into a 36-month consulting agreement with a stockholder for business advisory services. In connection with this consulting agreement, the Company granted options to purchase 1,000,000 shares of the Company’s common stock at an exercise price of $1.00 per share under the 2014 Plan. The options vest as to 125,000 of such shares on July 1, 2015 and for each quarter thereafter through April 1, 2017, and expire on May 5, 2025 or earlier due to employment termination. The fair value of this option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions: dividend yield of 0%; expected volatility of 120%; risk-free interest rate of 2.25%; and, an estimated holding period of 10 years. In connection with these options, the Company valued these options at a fair value of $948,400 and will record stock-based consulting expense over the vesting period. For the three months ended September 30, 2016 and 2015, the Company recorded consulting expense of $54,166 and $227,488, respectively, related to these options. For the nine months ended September 30, 2016 and 2015, the Company recorded consulting expense of $245,637 and $497,696, respectively, related to these options.

ZONED PROPERTIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2016

NOTE 5 – STOCKHOLDERS’ EQUITY (continued)

(D) Stock options granted pursuant to consulting and employment agreements (continued)

In connection with an employment agreement with a former officer of the Company, the Company granted options to purchase 300,000 shares of the Company’s common stock at an exercise price of $1.00 per share to the employee under the 2014 Plan. The options vested as to 50,000 of such shares on August 1, 2015, and 50,000 options were to vest on May 1, 2016 and for each year thereafter through May 1, 2020, and expire five years from the date of grant or earlier due to employment termination. The fair value of these option grants was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions: dividend yield of 0%; expected volatility of 120%; risk-free interest rate of 1.50%; and, an estimated holding period of 5 years. In connection with these options, the Company valued these options at a fair value of $248,100 and was recording stock-based consulting expense over the vesting period. For the three and nine months ended September 30, 2015, the Company recorded stock-based compensation expense of $37,387 and $80,690 related to these options, respectively. In January 2016, the employee resigned and the employment agreement was terminated. Accordingly, on January 8, 2016, 250,000 non-vested options were cancelled. Accordingly upon termination, the Company reversed all stock-based compensation previously recognized on the non-vested stock options of $62,944 which was reflected as a reduction of compensation and benefits expense. Additionally, in April 2016, the remaining 50,000 vested stock options were cancelled due to employment termination.

On December 30, 2015, the Company granted the Company’s Chief Executive Officer and President an option, pursuant to the 2014 Plan, to purchase 250,000 of the Company’s common stock at an exercise price of $1.00 per share. The grant date of the option was December 30, 2015 and the option expires on December 30, 2026. The option vests as to (i) 25,000 of such shares on December 30, 2015, and (ii) as to 25,000 of such shares on December 30, 2016 and each year thereafter through December 30, 2026. The fair value of this option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions: dividend yield of 0%; expected volatility of 120%; risk-free interest rate of 2.31%; and, an estimated holding period of 10 years. In connection with these options, the Company valued these options at a fair value of $237,150 and will record stock-based compensation expense over the vesting period. For the three months ended September 30, 2016 and 2015, the Company recorded stock-based compensation expense of $16,772 and zero, respectively. For the nine months ended September 30, 2016 and 2015, the Company recorded stock-based compensation expense of $50,317 and zero, respectively.

At September 30, 2016, there were 1,250,000 options outstanding and 650,000 options vested and exercisable. As of September 30, 2016, there was $211,827 of unvested stock-based compensation expense to be recognized through December 2024. The aggregate intrinsic value at September 30, 2016 was approximately $500,000 and was calculated based on the difference between the quoted share price on September 30, 2016 and the exercise price of the underlying options.

Stock option activities for the nine months ended September 30, 2016 are summarized as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Balance Outstanding December 31, 2015		1,550,000		$	1.00		-	$	-
Forfeited		(300,000	)		1.00		-		-
Balance Outstanding September 30, 2016		1,250,000		$	1.00		8.93	$	500,000

Exercisable, September 30, 2016		650,000		$	1.00		8.93	$	260,000

ZONED PROPERTIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2016

NOTE 6 – COMMITMENTS AND CONTINGENCIES

Legal matters

Healing Healthcare 3, Inc.; Xingang, LLC v. v. Zoned Properties, Inc., et al.; Court Filed: Maricopa County Superior Court, Arizona; Case Number: CV2015-012264; Date Filed: October 21, 2015.

On October 21, 2015, Healing Healthcare 3, Inc. (“HH3”) and Xingang, LLC filed a complaint against the Company, President and CEO Bryan McLaren, Board member Alex McLaren, and wholly-owned subsidiary Tempe Industrial Properties, LLC, among others. The complaint concerned the Company’s lease of space in Tempe, Arizona to operate a medical marijuana cultivation site. HH3 and Xingang claim that the Company and its related parties violated the terms of the lease for various reasons. On May 23, 2014, the Company concluded that the lease had been breached, and terminated the lease and retook possession of the property. Plaintiffs asserted various contract and tort claims against the Company and its related parties, and seeks $10,000 per day “for each day that the Company remained in possession of the Tempe Property in violation of the Lease,” attorneys’ fees and costs, treble damages, punitive damages, and interest. The complaint was served on the Company and its related parties on February 17, 2016. On March 8, 2016, the Company, Bryan McLaren, Alex McLaren, and TIP (the “Moving Parties”) filed a motion to dismiss the claims asserted against them in the complaint, with prejudice, on various grounds. On April 14, 2016, the court granted in part, and denied in part, the motion to dismiss. In sum, the court granted the dismissal of the contract claims against the McLarens without leave to amend; denied the dismissal of the two contract claims against the Company and TIP; and granted the dismissal of the remaining tort claims, subject to leave to amend the complaint within 20 days of the order. On May 5, 2016, HH3 and Xingang filed an amended complaint with new fact allegations, reasserting the claims that had survived the motion to dismiss. A motion to dismiss the amended complaint was filed on behalf of the Company, Bryan McLaren, and TIP. The motion was fully-briefed, and by order dated July 8, 2016, the Court granted the motion to dismiss the claims asserted by Xingang but denied the rest of the motion. The Company, Bryan McLaren, and TIP filed their answer to the amended complaint on July 27, 2016. On or about November 8, 2016, the Company reached a settlement with Healing Healthcare 3, Inc. (“HH3”) to settle the lawsuit HH3 filed on October 21, 2015. The terms of the settlement are confidential, but the lawsuit will be dismissed in its entirety with prejudice.

In a letter dated April 4, 2016, a shareholder of the Company, through legal counsel, made a demand on the Company related to a certain reverse-stock split that occurred following changes in the composition of the Company’s officers and directors in 2014. In its letter, this shareholder alleged, among other things, that: the reverse-stock split was designed to dilute existing Company interests of existing shareholders and to further entrench new management’s control over the Company. This shareholder demanded that the board of directors bring a legal action against certain officers and directors and against the Company’s transfer agent for various alleged violations of federal and state law. This shareholder indicated its intent to file a putative shareholder derivative action if its demand were not accepted. The Company evaluated this shareholder’s demand and engaged in settlement talks for several weeks. On July 15, 2016, the parties entered into a Confidential Settlement Agreement and Mutual Release (the “Settlement Agreement”), whereby the Company agreed to issue an aggregate of 50,000 shares of its common stock as follows: (a) 12,500 shares were issued within three days from execution of the Settlement Agreement, (b) 12,500 were issued on September 30, 2016, (c) 12,500 shares shall be issued on December 30, 2016, and (d) 12,500 shares shall be issued on March 31, 2017. In connection with the Settlement Agreement, during the nine months ended September 30, 2016, the Company recorded settlement expense of $87,500.

In a letter dated May 10, 2016, Marc Brannigan, the Company’s former CEO, and related parties (collectively “Brannigan”) sent a demand letter, through counsel, to the Company and certain other third-parties, claiming, among other things, that the Company improperly diluted Brannigan’s equity in the Company. Brannigan demands that the Company issue shares to “reverse” the dilution, invalidate shares improperly issued by the Company, pay unspecified damages, recover one-third of all Company shares owned by Alan Abrams and Chris Carra, and recover Brannigan’s purported majority ownership and voting control of the Company. The Company has evaluated Brannigan’s purported claims, and intends to vigorously defend against such claim. A mediation involving all interested parties occurred on July 29, 2016 and was unsuccessful.

ZONED PROPERTIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2016

NOTE 6 – COMMITMENTS AND CONTINGENCIES (continued)

Rental property acquisition

On April 22, 2016, Zoned Colorado Properties, LLC (“Zoned Colorado”), a wholly owned subsidiary of the Company, entered into a Contract to Buy and Sell Real Estate (Commercial) (the “Agreement”) with Parachute Development Corporation (“Seller”) pursuant to which Zoned Colorado agreed to purchase, and Seller agreed to sell, property in Parachute, Colorado (the “Property”) for a purchase price of $499,857. Of the total purchase price, $274,857, or 55%, will be paid in cash at closing and $225,000, or 45%, will be financed by Seller at an interest rate of 6.5%, amortized over a five-year period, with a balloon payment at the end of the fifth year. Payments will be made monthly and there will be no pre-payment penalty. Pursuant to the terms of the Agreement, the parties will cooperate in good faith to complete due diligence during a period of 45 days following execution of the Agreement. The closing is subject to certain contingencies, including that Zoned Colorado must obtain acceptable financing for the purchase and development of the property, the grant of a special use permit by the Town of Parachute, approval of a protected development deal or equivalent agreement by the Town of Parachute, execution of a lease agreement by a prospective tenant and the prospective tenant’s obtaining a license to cultivate on the property. Pursuant to the terms of the Agreement, Zoned Colorado will have a right of first refusal on eleven additional lots owned by Seller in Parachute, Colorado. In April 2016, we paid a refundable deposit of $45,000 into escrow in connection with the Agreement. As of September 30, 2016, the Company and Seller are still cooperating to complete the purchase.

NOTE 7 – CONCENTRATIONS

Rental income and rent receivable – related parties

The Company entered into lease agreements with non-profit companies whose director is a beneficial stockholder of the Company. Additionally, during the year ended December 31, 2015 and as amended during 2016, the Company entered into lease agreements with companies owned by this beneficial stockholder of the Company. For the three months ended September 30, 2016 and 2015, rental revenue associated with these leases amounted to $422,382 and $286,914, which represents 87.8% and 70.3% of total revenues, respectively. For the nine months ended September 30, 2016 and 2015, rental revenue associated with these leases amounted to $1,113,384 and $634,883, which represents 86.2% and 68.8% of total revenues, respectively. At September 30, 2016 and December 31, 2015, deferred rent receivable – related parties amounted to $797,657 and $367,013, respectively. A reduction in sales from or loss of such related party leases would have a material adverse effect on our consolidated results of operations and financial condition.

NOTE 8 – SUBSEQUENT EVENTS

Common shares issued

On October 1, 2016, pursuant to an engagement letter dated in October 2015, the Company issued 12,693 shares of its common stock to a Company majority owned by the Company’s CFO for services rendered. The shares were valued at their fair value of $18,405, or $1.45 per common share, which was the fair value of the common shares using the quoted share price on the date of grant. In connection with the issuance of these common shares, the Company recorded stock-based compensation expense of $18,405.

Related party lease

Effective October 10, 2016, Chino Valley entered into a third amendment to commercial lease agreement (the “Amendment”) with C3C3 Group, LLC (“C3C3”) and Alan Abrams. Pursuant to the terms of the Amendment, the size of the leased property was expanded and the monthly rental rate was increased effective November 1, 2016. C3C3 is owned by Mr. Abrams, a significant stockholder of the Company. Christopher Carra, a significant stockholder of the Company, is president of C3C3.

Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations

Cautionary Note Regarding Forward-Looking Information and Factors That May Affect Future Results

This quarterly report on Form 10-Q contains forward-looking statements regarding our business, financial condition, results of operations and prospects. The Securities and Exchange Commission (the “SEC”) encourages companies to disclose forward-looking information so that investors can better understand a company’s future prospects and make informed investment decisions. This quarterly report on Form 10-Q and other written and oral statements that we make from time to time contain such forward-looking statements that set out anticipated results based on management’s plans and assumptions regarding future events or performance. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance or results of current and anticipated sales efforts, expenses, the outcome of contingencies, such as legal proceedings, and financial results. Factors that could cause our actual results of operations and financial condition to differ materially are set forth in the “Risk Factors” section of our annual report on Form 10-K as filed with the SEC on March 8, 2016, as the same may be updated from time to time in documents that we file with the SEC.

We caution that these factors could cause our actual results of operations and financial condition to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

The following discussion should be read in conjunction with our unaudited financial statements and the related notes that appear elsewhere in this quarterly report on Form 10-Q.

Business and Corporate History

We are a strategic real estate development firm whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries, including the licensed marijuana industry. Our vision is to be recognized for creating the standard in property development for emerging industries, while increasing community prosperity and shareholder value. We believe that a strong focus on the development of real estate properties will bring value to the local communities and all of our stakeholders. We have initially established a focus on properties within the medical marijuana industry because we believe there will be increasing demand in this industry, as the national industry continues to evolve.

We target commercial properties that can be acquired and potentially re-zoned for specific development purposes, including but not limited to, licensed medical marijuana dispensaries or cultivation facilities. The core of our business involves identifying and acquiring properties that exist within highly regulated zoning regions and may be candidates for re-zoning. This is an essential aspect of our overall growth strategy because we target uniquely zoned properties that are developed as candidates for specific industry operators. Once the properties have been acquired and/or re-zoned, their value may be substantially higher as demand for properties within the specific zoning region increases.

We manage a portfolio of properties that we own, lease, and provide direct development on each property we acquire. This can include complete architectural design and subsequent build-outs, general support, landscaping, general up-keep, facilities management, and state of the art security systems. During the nine months ended September 30, 2016, improvements made to rental properties amounted to $611,314.

As of September 30, 2016, a summary of rental properties owned by us consisted of the following:

Location	Tempe, AZ		Tempe, AZ		Gilbert, AZ		Green Valley Sahuarita, AZ		Chino Valley, AZ		Kingman, AZ
Description	Mixed -use warehouse/office		Mixed -use warehouse/office		Land		Retail (special-use)		Greenhouse / Nursery		Retail (Special-Use)
Current Use		Medical marijuana cultivation and packaging	Warehouse/office		Future development		Dispensary		Medical marijuana cultivation and packaging		Dispensary
Date Acquired		March 2014		March 2014		January 2014		October 2014		August 2015		May 2014
Lease Start Date		August 2015		April 2015		N/A		October 2014		August 2015		October 2014
Lease End Date		July 2035		March 2020		N/A		September 2024		July 2035		September 2024
Total Rentable Sq. Ft.		60,000		22,355		0		1,440		38,799		1,497
Sq. Ft. rented as of September 30, 2016		15,000		22,355		N/A		1,440		15,000		1,497
Vacant Rentable Sq. Ft.		45,000		0		N/A		0		23,799		0
Land Area		3.65 Acres 158,772 Sq. Ft.		1.28 Acres 56,000 Sq. Ft.		0.8 acres 34,717 Sq. Ft.		1.33 Acres 57,769 Sq. Ft.		47.6 Acres 2,072,149 Sq. Ft.		0.16 Acres 7,061 Sq. Ft
Total No. of Tenants		1		1		N/A		1		1		1
No. of Related Party Tenants		1		0		N/A		1		1		1

Annual Base Rent: (*)										**
2016 (remainder of year)	$	42,525	$	49,454	$	-	$	31,421	$	126,000	$	39,690
2017		414,675		202,261		-		127,256		514,500		160,745
2018		609,000		208,331		-		133,619		540,225		168,782
2019		643,125		214,588		-		140,300		567,236		177,221
2020		675,281		54,041				147,315		595,598		186,082
Thereafter		11,548,930		-		-		620,269		12,964,099		783,497
Total	$	13,933,536	$	728,675	$	-	$	1,200,180	$	15,307,658	$	1,516,017

* Annual base rent represents amount of cash payments due from tenants and differs from revenues to be recognized on our consolidated financial statements.

**Does not include rental increase pursuant to amended lease dated October 5, 2016 and effective November 1, 2016.

Annualized $ per Rented Sq. Ft.
2015	$	24	$	8	-	$	76	$	22	$	93
2016	$	17	$	9	-	$	84	$	32	$	102
2017	$	21	$	9	-	$	88	$	34	$	107

Recent Developments

During 2014, we entered into lease agreements with non-profit companies and other companies whose director is a beneficial stockholder of the Company. Additionally, in August 2015, we entered into two lease agreements with C3C3 Group, LLC, a company owned by a beneficial shareholder of the Company (the “Tenant”) to lease space in Tempe, Arizona and Chino Valley, Arizona. The Tempe lease commenced on September 1, 2015, was amended on August 23, 2016 and expires on July 31, 2035 with base monthly rent $13,500, subject to a 5% annual increase and increases in rental area up to 20,000 square feet. The Chino Valley lease commenced on August 1, 2015, was amended on October 5, 2016 and expires on July 31, 2035 with base monthly rent $30,000, subject to a 5% annual increase and increases in rental area up to 25,000 square feet. The parties identified a budget of $2,000,000 for developing the property and constructing the Tenant improvements. Through September 30, 2016, capitalized building improvements and construction in progress costs related to the China Valley and Tempe properties amounted to $611,314. As of September 30, 2016, the Town of Chino Valley has granted the Company a five year Phased Protected Development Rights Plan for the Chino Valley Property with an option to extend for an additional two year term.

Results of Operations

The following comparative analysis of results of operations was based primarily on the comparative unaudited condensed consolidated financial statements, footnotes and related information for the periods identified below and should be read in conjunction with the unaudited consolidated financial statements and the notes to those statements for the nine months ended September 30, 2016 and 2015, which are included elsewhere in this quarterly report on Form 10-Q.

Comparison of Results of Operations for the Three and Nine Months Ended September 30, 2016 and 2015

Revenues

For the three and nine months ended nine September 30, 2016 and 2015, revenues consisted of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Rent revenues	$	58,829	$	121,164	$	177,909	$	288,182
Rent revenues – related parties		422,382		286,914		1,113,384		634,883
Total revenues	$	481,211	$	408,078	$	1,291,293	$	923,065

For the three months ended September 30, 2016, total revenues amounted to $481,211, including related party revenues of $422,382, as compared to $408,078, including related party revenues of $286,914, for the three months ended September 30, 2015, an increase of $73,133 or 17.9%. This increase in revenues was attributable to an increase in rent revenues – related party of $135,468 or 47.2% due to the increase in space leased to related parties, offset by a decrease in third party rent revenues of $62,335 or 51.4% due to non-renewal of certain leases of third party tenants. For the nine months ended September 30, 2016, total revenues amounted to $1,291,293, including related party revenues of $1,113,384, as compared to $923,065, including related party revenues of $634,883, for the nine months ended September 30, 2015, an increase of $368,228 or 39.9%. This increase in revenues was attributable to an increase in rent revenues – related party of $478,501 or 75.4% due to the increase in space leased to related parties, offset by a decrease in third party rent revenues of $110,273 or 38.3% due to non-renewal of certain leases of third party tenants.

Operating expenses

For the three months ended September 30, 2016, operating expenses amounted to $350,756 as compared to $697,008 for the three months ended September 30, 2015, representing a decrease of $346,252 or 49.7%. For the nine months ended September 30, 2016, operating expenses amounted to $1,454,762 as compared to $1,899,644 for the nine months ended September 30, 2015, representing a decrease of $444,882 or 23.4%.

For the three and nine months ended September 30, 2016 and 2015, operating expenses consisted of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Compensation and benefits	$	92,814	$	120,247	$	366,199	$	298,411
Professional fees		122,038		369,955		604,238		1,011,008
General and administrative expenses		47,692		69,422		151,992		198,516
Depreciation and amortization		43,139		35,598		125,910		110,060
Property operating expenses		23,913		64,868		54,941		104,016
Real estate taxes		21,160		28,757		63,982		56,622
Consulting fees - related parties		-		8,161		-		53,511
Settlement expense		-		-		87,500		67,500
Total operating expenses	$	350,756	$	697,008	$	1,454,762	$	1,899,644

●

For the three months ended September 30, 2016, compensation and benefit expense decreased by $27,433 or 22.8% as compared to the three months ended September 30, 2015. For the nine months ended September 30, 2016, compensation and benefit expense increased by $67,788 or 22.7% as compared to the nine months ended September 30, 2015. The fluctuations were primarily attributable to the following:

During the three months ended September 30, 2016, we recorded stock-based compensation of $33,981 as compared to $39,887 for the comparable 2015 period, a decrease of $5,907 or 14.8%. Additionally, due to a decrease in staff, compensation and benefit expense decreased by $21,526.

During the nine months ended September 30, 2016, we recorded stock-based compensation of $170,106 as compared to $128,190 for the comparable 2015 period, an increase of $41,916 or 32.7%. Additionally, due to a decrease in staff, compensation and benefit expense decreased by $34,162, offset by an increase in compensation of $58,500 incurred for services performed by our chief financial officer.


	●	For the three and nine months ended September 30, 2016, professional fees decreased by $247,917, or 67.0%, and $406,770, or 40.2%, as compared to the three and nine months ended September 30, 2015, respectively. For the three and nine months ended September 30, 2016, the decrease was primarily attributable to a decrease in legal fees of $5,388 and $59,986 attributable to a decrease in activities related to legacy legal issues and other legal matters, a decrease in consulting fees of $223,322 and $354,781 related to a decrease in accretion of stock-based consulting expense from the granting of stock options to a consultant and a decrease in other consulting expense, and a decrease in other professional fees of $37,982 and $89,298, offset by an increase in public relations fees incurred of $18,775 and $97,295, respectively. We used consultants to assist us with introductions to potential business partners and customers, to help us with public relations services, including helping us find market makers, broker-dealers, and sources of capital, advise us on construction of indoor, outdoor and greenhouse agricultural systems, assist us with agricultural licensing and zoning, and assist with development of business modeling, market development and advice concerning equity and debt financings.

	●	General and administrative expenses consist of expenses such as rent expense, directors’ and officers’ liability insurance, travel expenses, office expenses, telephone and internet expenses and other general operating expenses. For the three and nine months ended September 30, 2016, general and administrative expenses decreased by $21,730 or 31.3%, and $46,524 or 23.4%, as compared to the three and nine months ended September 30, 2015. These decreases were primarily attributable to a decrease in in these expenses due to cost cutting measures.

	●	For the three and nine months ended September 30, 2016, depreciation and amortization expense increased by $7,541 and $15,850, respectively, as compared to the comparable respective periods in 2015, attributable to an increase in depreciable assets.

	●	Property operating expenses consist of property management fees, property insurance, repairs and maintenance fees, utilities and other expenses related to our rental properties. For the three and nine months ended September 30, 2016, property operating expenses decreased by $40,955 or 63.1%, and $49,075 or 47.2%, respectively, as compared to the comparable respective periods in 2015. In the third quarter of 2015, we terminated the use of a management company and now we manage all of the properties.

	●	For the three and nine months ended September 30, 2016, real estate taxes (decreased) increased by $(7,597) or 26.4%, and $7,360 or 13.0%, respectively, as compared to the comparable respective 2015 period. In August 2015, we acquired additional rental properties and began incurring such taxes.

	●	For the three and nine months ended September 30, 2016, consulting fees – related parties amounted to zero and zero as compared to $8,161 and $53,511 for the three and nine months ended September 30, 2015, respectively. Beginning in August 2014, we incurred consulting fees in connection with a consulting agreement with a related party. In August 2015, this agreement was terminated.

	●	For the three months ended September 30, 2016, settlement expense amounted to zero as compared to zero for the three months ended September 30, 2015. For the nine months ended September 30, 2016, settlement expense amounted to $87,500 as compared to $67,500 for the nine months ended September 30, 2015. During 2016 and 2015, we settled certain litigation and claims.

Income (loss) from operations

As a result of the factors described above, for the three months ended September 30, 2016, our income from operations amounted to $130,455 as compared to a loss from operations of $(288,930) for the three months ended September 30, 2015, representing an increase of $419,385 or 145.2%. Additionally, for the nine months ended September 30, 2016, our loss from operations amounted to $163,469 as compared to $976,579 for the nine months ended September 30, 2015, representing a decrease of $813,110 or 83.3%.

Other expenses

Other expenses include interest expense and other income. For the three months ended September 30, 2016, total other expenses, net amounted to $56,873 as compared to $57,829, representing a decrease of $956 or 1.7%. For the nine months ended September 30, 2016, total other expenses, net amounted to $172,462 as compared to $168,591, representing an increase of $3,871 or 2.3%.

Net income (loss)

As a result of the foregoing, for the three months ended September 30, 2016 and 2015, net income amounted to $73,582, or $0.00 per common share, and a net loss of $346,759, or $(0.02) per common share, respectively. For the nine months ended September 30, 2016 and 2015, net loss amounted to $335,931, or $0.02 per common share, and $1,145,170, or $0.06 per common share, respectively.

Liquidity and Capital Resources

Liquidity is the ability of an enterprise to generate adequate amounts of cash to meet its needs for ongoing operations. We had cash of $609,826 and $1,281,464 as of September 30, 2016 and December 31, 2015, respectively.

Our primary uses of cash have been for salaries and other compensation, fees paid for professional services such as legal fees, accounting fees and other professional fees, property operating expenses, general and administrative expenses, and for the acquisition and development of our rental properties. All funds received have been expended in the furtherance of growing the business. We have received funds from the collection of rental income, and from various financing activities such as from the sale of our common stock and from debt financings. The following trends are reasonably likely to result in changes in our liquidity over the near to long term:

	●	An increase in working capital requirements to finance our current business,

	●	Acquisition and buildout of rental properties;

	●	Addition of administrative and sales personnel as the business grows, and

	●	The cost of being a public company.

We currently have material commitments for capital expenditures amounting to approximately $3,500,000 for the expansion and buildout of our Chino Valley Property and the acquisition and development of our Parachute Project. These capital expenditures are contingent upon several factors including: the Company obtaining financing for the development of the premises and the construction of the tenant improvements in such amount and on such terms and provisions as are acceptable to the Company in our sole and absolute discretion from a lender approved by us in our sole discretion. Accordingly, we can delay or cancel these planned capital expenditures, if necessary. As of the date of this report, we have not obtained any financing and are using working capital for development of our properties.

We may need to raise additional funds, particularly if we are unable to generate positive cash flow as a result of our operations. We estimate that based on current plans and assumptions, that our available cash will be sufficient to satisfy our cash requirements under our present operating expectations for the next 12 months. Other than revenue received from the lease of our rental properties, funds received from the sale of our common stock and funds received from debt, we presently have no other significant alternative source of working capital.

We have used these funds to fund our operating expenses, pay our obligations, acquire and develop rental properties, and grow our company. We need to raise significant additional capital or debt financing to acquire new properties, to develop existing properties, and to assure we have sufficient working capital for our ongoing operations and debt obligations.

Our future operation is dependent on our ability to manage our current cash balances and on the collection of rental revenues. We intend on securing additional financing to acquire and develop additional and existing properties. Financing transactions may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. Even if we are able to raise the funds required, it is possible that we could incur unexpected costs and expenses or experience unexpected cash requirements that would force us to seek alternative financing. Furthermore, if we issue additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of our common stock. The inability to obtain additional capital may restrict our ability to grow our business operations.

Cash Flow

For the nine months ended September 30, 2016 and 2015

Net cash flow used by operating activities was $118,290 for the nine months ended September 30, 2016 as compared to $455,472 for the nine months ended September 30, 2015, representing a decrease in cash used in operations of $337,182.

	●	Net cash flow used in operating activities for the nine months ended September 30, 2016 primarily reflected a net loss of $335,931 adjusted for the add-back of non-cash items consisting of depreciation and amortization of $125,910, stock-based compensation expense of $228,033, stock-based settlement expense of $43,750, net accretion of stock-based stock option expense of $233,009, loss from sale of property and equipment of $1,843, and a non-cash increase in deferred rent receivables of $436,669.

	●	Net cash flow used in operating activities for the nine months ended September 30, 2015 primarily reflected a net loss of $1,145,170 adjusted for the add-back of non-cash items consisting of depreciation and amortization of $110,060, stock-based compensation expense of $55,000, accretion of stock-based stock option expense of $578,386, stock-based settlement expense of $50,000, and a non-cash increase in deferred rent receivables of $205,400.

Net cash flow used in investing activities reflects the purchase and development of property and equipment, and rental properties that primarily consists of buildings, improvements and construction in progress of $553,848 and $250,256 for the nine months ended September 30, 2016 and 2015, respectively.

Net cash flows from financing activities was zero for the nine months ended September 30, 2016 as compared to net cash provided by financing activities $997,750 for the nine months ended September 30, 2015 which consisted of the sale of common stock of $1,000,000 offset by the redemption of common stock of $2,250.

Contractual Obligations and Off-Balance Sheet Arrangements

Contractual Obligations

We have certain fixed contractual obligations and commitments that include future estimated payments. Changes in our business needs, cancellation provisions, changing interest rates, and other factors may result in actual payments differing from the estimates. We cannot provide certainty regarding the timing and amounts of payments. We have presented below a summary of the most significant assumptions used in our determination of amounts presented in the tables, in order to assist in the review of this information within the context of our consolidated financial position, results of operations, and cash flows. The following tables summarize our contractual obligations as of September 30, 2016 (dollars in thousands), and the effect these obligations are expected to have on our liquidity and cash flows in future periods.

	Payments Due by Period
Contractual obligations:	Total		Less than 1 year		1-3 years		3-5 years		5 ⁺ years
Convertible notes	$	1,000	$	-	$	1,000	$	-	$	-
Interest on convertible notes		146		143		3		-		-
Mortgage payable		2,100		-		2,100		-		-
Interest on mortgage payable		385		157		228		-		-
Total	$	3,631	$	300	$	3,331	$	-	$	-

Off-balance Sheet Arrangements

We have not entered into any other financial guarantees or other commitments to guarantee the payment obligations of any third parties. We have not entered into any derivative contracts that are indexed to our shares and classified as shareholders’ equity or that are not reflected in our consolidated financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development services with us.

Critical Accounting Policies

Our discussion and analysis of our financial condition and results of operations are based upon our audited and unaudited consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. We continually evaluate our estimates, including those related to income taxes, and the valuation of equity transactions. We base our estimates on historical experience and on various other assumptions that we believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Any future changes to these estimates and assumptions could cause a material change to our reported amounts of revenues, expenses, assets and liabilities. Actual results may differ from these estimates under different assumptions or conditions. We believe the following critical accounting policies affect our more significant judgments and estimates used in the preparation of the unaudited consolidated financial statements.

Rental Properties

Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above-market leases and acquired in-place leases) and acquired liabilities (such as acquired below-market leases) and allocate the purchase price based on these assessments. The Company assesses fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We record acquired intangible assets (including acquired above-market leases and acquired in-place leases) and acquired intangible liabilities (including below-market leases) at their estimated fair value. We amortize acquired above-and below-market leases as a decrease or increase to rental income, respectively, over the lives of the respective leases. Amortization of acquired in-place leases is included as a component of depreciation and amortization.

Our properties, including any related intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. If our estimates of the projected future cash flows, anticipated holding periods, or market conditions change, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses.

We have capitalized land, which is not subject to depreciation.

Revenue recognition

Rental income includes base rents that each tenant pays in accordance with the terms of its respective lease and is reported on a straight-line basis over the non-cancellable term of the lease, which includes the effects of rent steps and rent abatements under the leases. We commence rental revenue recognition when the tenant takes possession of the leased space or controls the physical use of the leased space and the leased space is substantially ready for its intended use. Rental income also includes the amortization of acquired above-and below-market leases, net. Beginning in 2014, we began generating revenues from the non-residential rental properties.

Certain of our leases currently contain rental increases at specified intervals. We record as an asset, and include in revenue, rents receivable that will be received if the tenant makes all rent payments required through the expiration of the initial term of the lease. Deferred rents receivable in the accompanying balance sheets includes the cumulative difference between rental revenue recorded on a straight-line basis and rents received from the tenants in accordance with the lease terms. Accordingly, management determines to what extent the deferred rent receivable applicable to each specific tenant is collectible. We review material rents receivable and takes into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of rent receivable with respect to any given tenant is in doubt, we record an increase in the allowance for uncollectible accounts or we record a direct write-off of the specific rent receivable. For the nine months ended September 30, 2015, in connection with certain related party leases, we only included in revenues the amount of rents received from the related parties in accordance with the lease terms since on August 1, 2015, we transferred title to our Bernalillo, New Mexico and the respective related party lease as part of a settlement agreement.

Stock-based compensation

Pursuant to ASC Topic 505-50, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the service period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. We initially record compensation expense based on the fair value of the award at the reporting date.

Recent Accounting Pronouncements

See Note 2 to the unaudited condensed consolidated financial statements for a discussion of recent accounting pronouncements.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Not applicable to smaller reporting companies.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

We maintain “disclosure controls and procedures,” as that term is defined in Rule 13a-15(e), promulgated by the SEC pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed in our company’s reports filed under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure. Our management, with the participation of our principal executive officer and principal financial officer, evaluated our company’s disclosure controls and procedures as of the end of the period covered by this quarterly report on Form 10-Q. Based on this evaluation, our principal executive officer and principal financial officer concluded that as of September 30, 2016, our disclosure controls and procedures were not effective.

The ineffectiveness of our disclosure controls and procedures was due to the following material weaknesses identified in the Company’s internal control over financial reporting: (1) the lack of multiples levels of management review on complex accounting, financial reporting, and business issues, (2) a lack of adequate segregation of duties, (3) a lack of approvals on material real estate acquisitions and disbursements, and (4) we do not have an independent audit committee. Until such time as we expand our staff to include additional personnel, it is likely we will continue to report material weaknesses in our internal control over financial reporting.

Changes in Internal Control

There were no changes in our internal control over financial reporting during the three months ended September 30, 2016 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Healing Healthcare 3, Inc.; Xingang, LLC v. v. Zoned Properties, Inc., et al.; Court Filed: Maricopa County Superior Court, Arizona; Case Number: CV2015-012264; Date Filed: October 21, 2015.

On October 21, 2015, Healing Healthcare 3, Inc. (“HH3”) and Xingang, LLC filed a complaint against the Company, President and CEO Bryan McLaren, Board member Alex McLaren, and wholly-owned subsidiary Tempe Industrial Properties, LLC, among others. The complaint concerned the Company’s lease of space in Tempe, Arizona to operate a medical marijuana cultivation site. HH3 and Xingang claim that the Company and its related parties violated the terms of the lease for various reasons. On May 23, 2014, the Company concluded that the lease had been breached, and terminated the lease and retook possession of the property. Plaintiffs asserted various contract and tort claims against the Company and its related parties, and seeks $10,000 per day “for each day that the Company remained in possession of the Tempe Property in violation of the Lease,” attorneys’ fees and costs, treble damages, punitive damages, and interest. The complaint was served on the Company and its related parties on February 17, 2016. On March 8, 2016, the Company, Bryan McLaren, Alex McLaren, and TIP (the “Moving Parties”) filed a motion to dismiss the claims asserted against them in the complaint, with prejudice, on various grounds. On April 14, 2016, the court granted in part, and denied in part, the motion to dismiss. In sum, the court granted the dismissal of the contract claims against the McLarens without leave to amend; denied the dismissal of the two contract claims against the Company and TIP; and granted the dismissal of the remaining tort claims, subject to leave to amend the complaint within 20 days of the order. On May 5, 2016 HH3 and Xingang filed an amended complaint with new fact allegations, reasserting the claims that had survived the motion to dismiss. A motion to dismiss the amended complaint was filed on behalf of the Company, Bryan McLaren, and TIP. The motion was fully-briefed, and by order dated July 8, 2016, the Court granted the motion to dismiss the claims asserted by Xingang but denied the rest of the motion. The Company, Bryan McLaren, and TIP filed their answer to the amended complaint on July 27, 2016. On or about November 8, 2016, the Company reached a settlement with Healing Healthcare 3, Inc. (“HH3”) to settle the lawsuit HH3 filed on October 21, 2015. The terms of the settlement are confidential, but the lawsuit will be dismissed in its entirety with prejudice.

In a letter dated April 4, 2016, a shareholder of the Company, through legal counsel, made a demand on the Company related to a certain reverse-stock split that occurred following changes in the composition of the Company’s officers and directors in 2014. In its letter, the shareholder alleged, among other things, that: the reverse-stock split was designed to dilute existing Company interests of existing shareholders and to further entrench new management’s control over the Company. This shareholder demanded that the board of directors bring a legal action against certain officers and directors and against the Company’s transfer agent for various alleged violations of federal and state law. This shareholder indicated its intent to file a putative shareholder derivative action if its demand were not accepted. The Company evaluated this shareholder’s demand and engaged in settlement talks for several weeks. On July 15, 2016, the parties entered into a Confidential Settlement Agreement and Mutual Release (the “Settlement Agreement”), whereby the Company will issue an aggregate of 50,000 shares of its common stock as follows: (a) 12,500 shares were issued within three days from execution of the Settlement Agreement, (b) 12,500 shall be issued on September 30, 2016, (c) 12,500 shares shall be issued on December 30, 2016, and (d) 12,500 shares shall be issued on March 31, 2017.

In a letter dated May 10, 2016, Marc Brannigan, the Company’s former CEO, and related parties (collectively, “Brannigan”) sent a demand letter, through counsel, to the Company and certain other third-parties, claiming, among other things, that the Company improperly diluted Brannigan’s equity in the Company. Brannigan demands that the Company issue shares to “reverse” the dilution, invalidate shares improperly issued by the Company, pay unspecified damages, recover one-third of all Company shares owned by Alan Abrams and Chris Carra, and recover Brannigan’s purported majority ownership and voting control of the Company. The Company has evaluated Brannigan’s purported claims, and intends to vigorously defend against such claim. A mediation involving all interested parties occurred on July 29, 2016 and was unsuccessful.

Item 1A. Risk Factors

Not required of smaller reporting companies

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Date

Name of Person or Entity

Nature of Each Offering

Number of shares offered

Price shares were offered

Amount paid to the Issuer

Trading Status of the shares

Legend

7/1/2016

CFO Oncall, Inc. (1)

Section 4(a)(2)

6,775

2.54

For Services

Restricted

Yes

7/18/2016

Greentree Financial Group, Inc.

Section 4(a)(2)

12,500

1.75

Settlement

Restricted

Yes

8/23/2016

David A. Cintron, Jr.

Section 4(a)(2)

10,000

1.50

For Services

Restricted

Yes

9/1/2016

Hayden IR LLC

Section 4(a)(2)

3,750

1.40

For Services

Restricted

Yes

9/30/2016

Greentree Financial Group, Inc.

Section 4(a)(2)

12,500

1.75

Settlement

Restricted

Yes

(1)

CFO Oncall, Inc. is majority-owned by Adam Wasserman, the Company’s CFO.

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits

Exhibit No.		Description
10.1		Second Amendment to Commercial Lease entered into on August 23, 2016 by and between Zoned Properties, Inc., C3C3 Group, LLC and Alan Abrams (incorporated by reference to Exhibit 10.1 to the registrant’s current report on Form 8-K filed with the Commission on August 25, 2016).

10.2		Third Amendment to Commercial Lease entered into on October 10, 2016 by and between Chino Valley Properties, LLC, C3C3 Group, LLC and Alan Abrams (incorporated by reference to Exhibit 10.1 to the registrant’s current report on Form 8-K filed with the Commission on October 13, 2016).

31.1*		Rule 13a-14(a)/15d-14(a) Certificate of Chief Executive Officer

31.2*		Rule 13a-14(a)/15d-14(a) Certificate of Chief Financial Officer

32.1*		Section 1350 Certificate of Chief Executive Officer and Chief Financial Officer

101.INS*		XBRL Instance Document
101.SCH*		XBRL Taxonomy Extension Schema
101.CAL*		XBRL Taxonomy Extension Calculation
101.DEF*		XBRL Taxonomy Extension Definition
101.LAB*		XBRL Taxonomy Extension Labels
101.PRE*		XBRL Taxonomy Extension Presentation Linkbase

* Filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

	Zoned Properties, Inc. (Registrant)

Date: November 14, 2016	/s/ Bryan McLaren
	Bryan McLaren
	Chief Executive Officer and President
	(principal executive officer)

Date: November 14, 2016

/s/ Adam Wasserman

Adam Wasserman

Chief Financial Officer

(principal financial officer and principal accounting officer)

EX-31.1 2 f10q0916ex31i_zonedprop.htm CERTIFICATIONS

Exhibit 31.1

Certifications

I, Bryan McLaren, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the quarterly period ended September 30, 2016 of Zoned Properties, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

	Date: November 14, 2016

	/s/ Bryan McLaren
	Bryan McLaren
	Chief Executive Officer and President (principal executive officer)

EX-31.2 3 f10q0916ex31ii_zonedprop.htm CERTIFICATIONS

Exhibit 31.2

Certifications

I, Adam Wasserman, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the quarterly period ended September 30, 2016 of Zoned Properties, Inc.;

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

	Date: November 14, 2016

	/s/ Adam Wasserman
	Adam Wasserman
	Chief Financial Officer (principal financial officer)

EX-32.1 4 f10q0916ex32i_zonedprop.htm CERTIFICATION

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Zoned Properties, Inc. (the “Company”) on Form 10-Q for the quarterly period ended September 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Bryan McLaren, Chief Executive Officer and President of the Company, and I, Adam Wasserman, Chief Financial Officer of the Company, certify to the best of our knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 14, 2016

/s/ Bryan McLaren

Bryan McLaren

Chief Executive Officer and President

(principal executive officer)

Date: November 14, 2016

/s/ Adam Wasserman

Adam Wasserman

Chief Financial Officer

(principal financial officer)

EX-101.INS 5 zdpy-20160930.xml XBRL INSTANCE FILE 0001279620 us-gaap:BoardOfDirectorsChairmanMember 2013-12-13 0001279620 us-gaap:BoardOfDirectorsChairmanMember 2013-12-05 2013-12-13 0001279620 2014-05-01 2014-05-23 0001279620 zdpy:SeniorConvertibleDebenturesMember us-gaap:PreferredStockMember 2014-08-20 0001279620 zdpy:SeniorConvertibleDebenturesMember 2014-08-20 0001279620 zdpy:SeniorConvertibleDebenturesMember 2014-08-01 2014-08-20 0001279620 2014-12-31 0001279620 us-gaap:EmploymentContractsMember 2015-05-06 0001279620 us-gaap:EmploymentContractsMember 2015-05-02 2015-05-06 0001279620 us-gaap:EmploymentContractsMember 2015-06-05 2015-07-01 0001279620 zdpy:ChinoValleyMember 2015-08-31 0001279620 zdpy:TempeLeaseMember 2015-08-31 0001279620 zdpy:ChinoValleyMember 2015-08-20 2015-08-31 0001279620 zdpy:TempeLeaseMember 2015-08-20 2015-08-31 0001279620 us-gaap:LeaseAgreementsMember 2015-09-01 0001279620 us-gaap:LeaseAgreementsMember 2015-08-19 2015-09-01 0001279620 zdpy:ConsultingServiceAgreementTwoMember 2015-08-19 2015-09-01 0001279620 2015-07-02 2015-09-30 0001279620 us-gaap:EmploymentContractsMember 2015-07-02 2015-09-30 0001279620 us-gaap:SalesRevenueNetMember 2015-07-02 2015-09-30 0001279620 us-gaap:EmploymentContractsMember us-gaap:ChiefExecutiveOfficerMember 2015-07-02 2015-09-30 0001279620 2015-01-01 2015-09-30 0001279620 us-gaap:EmploymentContractsMember 2015-01-01 2015-09-30 0001279620 us-gaap:SalesRevenueNetMember 2015-01-01 2015-09-30 0001279620 us-gaap:EmploymentContractsMember us-gaap:ChiefExecutiveOfficerMember 2015-01-01 2015-09-30 0001279620 us-gaap:EmployeeStockOptionMember 2015-01-01 2015-09-30 0001279620 us-gaap:ConvertibleDebtSecuritiesMember 2015-01-01 2015-09-30 0001279620 us-gaap:ChiefFinancialOfficerMember 2015-01-01 2015-09-30 0001279620 2015-09-30 0001279620 us-gaap:ChiefFinancialOfficerMember zdpy:EmploymentAgreementMember 2015-10-01 2015-10-26 0001279620 us-gaap:EmploymentContractsMember 2015-12-30 0001279620 us-gaap:EmploymentContractsMember 2015-12-02 2015-12-30 0001279620 2015-01-01 2015-12-31 0001279620 us-gaap:EmploymentContractsMember 2015-01-01 2015-12-31 0001279620 2015-12-31 0001279620 zdpy:SeniorConvertibleDebenturesMember 2015-12-31 0001279620 us-gaap:LeaseAgreementsMember 2015-12-31 0001279620 us-gaap:BuildingAndBuildingImprovementsMember 2015-12-31 0001279620 us-gaap:EquipmentMember 2015-12-31 0001279620 us-gaap:LandMember 2015-12-31 0001279620 us-gaap:ConstructionInProgressMember 2015-12-31 0001279620 us-gaap:EmploymentContractsMember 2016-01-02 2016-01-08 0001279620 us-gaap:BoardOfDirectorsChairmanMember 2016-01-27 0001279620 us-gaap:BoardOfDirectorsChairmanMember 2016-01-24 2016-01-27 0001279620 zdpy:ArchitecturalAndDesignServicesCompanyMember 2016-02-01 0001279620 zdpy:ArchitecturalAndDesignServicesCompanyMember 2016-01-28 2016-02-01 0001279620 zdpy:ConsultingServiceAgreementTwoMember 2016-03-31 0001279620 zdpy:ConsultingServiceAgreementTwoMember 2016-03-24 2016-03-31 0001279620 2016-04-22 0001279620 2016-04-10 2016-04-22 0001279620 us-gaap:EmploymentContractsMember 2016-04-02 2016-04-30 0001279620 us-gaap:DistributionOfNonmonetaryAssetsToGroupsOfStockholdersPursuantToSettlementPlansMember 2016-07-11 2016-07-15 0001279620 zdpy:EquityCompensationPlanMember 2016-08-07 2016-08-09 0001279620 2016-08-23 0001279620 2016-08-01 2016-08-23 0001279620 zdpy:ConsultingServiceAgreementTwoMember 2016-09-01 0001279620 zdpy:ConsultingServiceAgreementTwoMember 2016-08-24 2016-09-01 0001279620 2016-07-02 2016-09-30 0001279620 us-gaap:EmploymentContractsMember 2016-07-02 2016-09-30 0001279620 us-gaap:SalesRevenueNetMember 2016-07-02 2016-09-30 0001279620 us-gaap:EmploymentContractsMember us-gaap:ChiefExecutiveOfficerMember 2016-07-02 2016-09-30 0001279620 us-gaap:DistributionOfNonmonetaryAssetsToGroupsOfStockholdersPursuantToSettlementPlansMember 2016-07-02 2016-09-30 0001279620 2016-01-01 2016-09-30 0001279620 us-gaap:EmploymentContractsMember 2016-01-01 2016-09-30 0001279620 us-gaap:SalesRevenueNetMember 2016-01-01 2016-09-30 0001279620 us-gaap:EmploymentContractsMember us-gaap:ChiefExecutiveOfficerMember 2016-01-01 2016-09-30 0001279620 us-gaap:EmployeeStockOptionMember 2016-01-01 2016-09-30 0001279620 us-gaap:ConvertibleDebtSecuritiesMember 2016-01-01 2016-09-30 0001279620 us-gaap:ChiefFinancialOfficerMember 2016-01-01 2016-09-30 0001279620 us-gaap:BuildingAndBuildingImprovementsMember 2016-01-01 2016-09-30 0001279620 us-gaap:EquipmentMember 2016-01-01 2016-09-30 0001279620 us-gaap:LandMember 2016-01-01 2016-09-30 0001279620 us-gaap:ConstructionInProgressMember 2016-01-01 2016-09-30 0001279620 us-gaap:DistributionOfNonmonetaryAssetsToGroupsOfStockholdersPursuantToSettlementPlansMember 2016-01-01 2016-09-30 0001279620 zdpy:EquityCompensationPlanMember 2016-01-01 2016-09-30 0001279620 us-gaap:OfficeEquipmentMember 2016-01-01 2016-09-30 0001279620 us-gaap:VehiclesMember us-gaap:MaximumMember 2016-01-01 2016-09-30 0001279620 us-gaap:MinimumMember us-gaap:VehiclesMember 2016-01-01 2016-09-30 0001279620 us-gaap:ConsolidatedPropertiesMember us-gaap:MaximumMember 2016-01-01 2016-09-30 0001279620 us-gaap:ConsolidatedPropertiesMember us-gaap:MinimumMember 2016-01-01 2016-09-30 0001279620 zdpy:SettlementAgreementMember 2016-01-01 2016-09-30 0001279620 us-gaap:FurnitureAndFixturesMember 2016-01-01 2016-09-30 0001279620 2016-09-30 0001279620 zdpy:SeniorConvertibleDebenturesMember 2016-09-30 0001279620 us-gaap:EmploymentContractsMember 2016-09-30 0001279620 zdpy:ChinoValleyMember 2016-09-30 0001279620 us-gaap:LeaseAgreementsMember 2016-09-30 0001279620 us-gaap:BuildingAndBuildingImprovementsMember 2016-09-30 0001279620 us-gaap:EquipmentMember 2016-09-30 0001279620 us-gaap:LandMember 2016-09-30 0001279620 us-gaap:ConstructionInProgressMember 2016-09-30 0001279620 zdpy:EquityCompensationPlanMember 2016-09-30 0001279620 us-gaap:ChiefFinancialOfficerMember us-gaap:MaximumMember 2016-09-30 0001279620 us-gaap:ChiefFinancialOfficerMember us-gaap:MinimumMember 2016-09-30 0001279620 us-gaap:SubsequentEventMember us-gaap:ChiefFinancialOfficerMember 2016-10-01 0001279620 us-gaap:SubsequentEventMember us-gaap:ChiefFinancialOfficerMember 2016-09-25 2016-10-01 0001279620 2016-11-14 xbrli:shares iso4217:USD iso4217:USDxbrli:shares xbrli:pure utr:sqft Zoned Properties, Inc. 0001279620 false --12-31 10-Q 2016-09-30 2016 Q3 Smaller Reporting Company 17194068

1066377

1358399

1281464

609826

7224593

7714825

8909

367013

14934

797657

367013

797657

46072

45000

106971

105684

165565

46488

41851

8158

9088381

9459787

2100000

500000

500000 500000

36797

74500

92044

147114

56542 76791

62440

91963

3347823

3490368

2000

17081

17181

19412954

19977646

-13691477

-14027408

5740558

5969419

9088381

9459787

0.001

5000000

2000000

1.00

0.001

100000000

17080850

17181375

17080850

17181375

121164

288182

58829

177909

286914 634883 422382 1113384

408078

923065

481211

1291293

120247 298411 92814 366199

369955

1011008

122038

604238

69422

198516

47692

151992

35598

110060

43139

125910

64868

104016

23913

54941

28757

56622

21160

63982

8161

53511

67500 87500

697008

1899644

350756

1454762

-288930

-976579

130455

-163469

49079

145325

48123

144369

8750

26250

8750

26250

-1843

2545

439

-57829

-168591

-56873

-172462

-346759

-1145170

73582

-335931

-346759

-1145170

73582

-335931

-0.02

-0.06

-0.02

17920100

18491082

17160228

17136148

110060

125910

55000

228033

50000 43750

578386

233009

-1843

12778 6025 192622 430644 20872 60899

4035

59881

-1421

40407

37703

70777

55070

-6167 20249 -22963 -29523

-455472

-118290

43295

551314

200000

500

6961

499857

2534

-250256

-553348

1000000

2250

997750

292022

-671638

145325

144369

60000 1406603

<div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">NOTE 1 – ORGANIZATION AND NATURE OF OPERATIONS<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Organization<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Zoned Properties, Inc., formerly Vanguard Minerals Corporation (“Zoned Properties” or the “Company”), was incorporated in the State of Nevada on August 25, 2003. On May 2, 2006, the Company changed its name to Knewtrino, Inc. On August 10, 2007, the Company changed its name to Vanguard Minerals Corporation. On October 2, 2013, the Company changed its name to Zoned Properties, Inc. to reflect its maturing business model that focuses on commercial property acquisition and development.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company is a strategic real estate development firm whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries, including the licensed marijuana industry. The Company acquires commercial properties that face unique zoning challenges and identifies solutions that can potentially have a major impact on the cash flow and value generated. Zoned Properties targets commercial properties that can be acquired and potentially re-zoned for specific purposes. Zoned Properties does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substances Act.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company has the following wholly-owned subsidiaries:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1422.72px; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0px; margin-bottom: 0px; word-spacing: 0px; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;"></td><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">Gilbert Property Management, LLC was organized in the State of Arizona on February 10, 2014.</td></tr></table><table style="font: 10pt/normal 'times new roman', times, serif; width: 1422.72px; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0px; margin-bottom: 0px; word-spacing: 0px; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;"></td><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">Tempe Industrial Properties, LLC was organized in the State of Arizona on February 19, 2014.</td></tr></table><table style="font: 10pt/normal 'times new roman', times, serif; width: 1422.72px; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0px; margin-bottom: 0px; word-spacing: 0px; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;"></td><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">Chino Valley Properties, LLC (“Chino Valley”) was organized in the State of Arizona on April 15, 2014.</td></tr></table><table style="font: 10pt/normal 'times new roman', times, serif; width: 1422.72px; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0px; margin-bottom: 0px; word-spacing: 0px; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;"></td><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">Kingman Property Group, LLC was organized in the State of Arizona on April 15, 2014.</td></tr></table><table style="font: 10pt/normal 'times new roman', times, serif; width: 1422.72px; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0px; margin-bottom: 0px; word-spacing: 0px; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;"></td><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">Green Valley Group, LLC (“Green Valley”) organized in the State of Arizona on April 15, 2014.</td></tr></table><table style="font: 10pt/normal 'times new roman', times, serif; width: 1422.72px; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0px; margin-bottom: 0px; word-spacing: 0px; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;"></td><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">Zoned Oregon Properties, LLC was organized in the State of Oregon on June 16, 2015.</td></tr></table><table style="font: 10pt/normal 'times new roman', times, serif; width: 1422.72px; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0px; margin-bottom: 0px; word-spacing: 0px; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;"></td><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">Zoned Colorado Properties, LLC was organized in the State of Colorado on September 17, 2015.</td></tr></table><table style="font: 10pt/normal 'times new roman', times, serif; width: 1422.72px; text-transform: none; text-indent: 0px; letter-spacing: normal; margin-top: 0px; margin-bottom: 0px; word-spacing: 0px; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;"></td><td style="font: 10pt/normal 'times new roman', times, serif; width: 18pt; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: justify; padding-top: 0pt; padding-right: 0pt; padding-bottom: 0pt; font-stretch: normal;">Zoned Illinois Properties, LLC was organized in the State of Illinois on July 15, 2015.</td></tr></table></div>

<div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Basis of presentation and principals of consolidation<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The condensed consolidated financial statements for the three and nine months ended September 30, 2016 and 2015 have been prepared by us without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, all adjustments necessary to present fairly our financial position, results of operations, and cash flows as of September 30, 2016 and 2015, and for the periods then ended, have been made. Those adjustments consist of normal and recurring adjustments. Operating results for interim periods are not necessarily indicative of results that may be expected for the fiscal year as a whole.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Use of estimates<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates for the nine months ended September 30, 2016 and 2015 include the collectability of rent, the useful life of rental properties and property and equipment, assumptions used in assessing impairment of long-term assets, valuation allowances for deferred tax assets, and the fair value of non-cash equity transactions, including options and stock-based compensation.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Risks and uncertainties<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;">The Company’s operations are subject to risk and uncertainties including financial, operational, regulatory and other risks including the potential risk of business failure. The Company conducts a significant portion of its business in Arizona. Consequently, any significant economic downturn in the Arizona market could potentially have an effect on the Company’s business, results of operations and financial condition.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Fair value of financial instruments<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, note receivable, deferred rent receivable, prepaid expenses and other current assets, real estate tax escrow, short-term notes payable, mortgages payable, convertible notes payable, accounts payable, accrued expenses, and other payables approximate their fair market value based on the short-term maturity of these instruments.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company analyzes all financial instruments with features of both liabilities and equity under the Financial Accounting Standard Board’s (the “FASB”) accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company did not identify any assets or liabilities that are required to be presented on the balance sheet at fair value in accordance with Accounting Standards Codification (“ASC”) Topic 820.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the fair value option to any outstanding instruments.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Cash and cash equivalents<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. The majority of the Company’s cash and cash equivalents are held at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation (“FDIC”) limit. To date, the Company has not experienced any losses on its invested cash. The Company had no cash equivalents at September 30, 2016 and December 31, 2015. At September 30, 2016, the Company had approximately $360,000 of cash in excess of FDIC limits.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Accounts receivable<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company recognizes an allowance for losses on accounts receivable in an amount equal to the estimated probable losses net of recoveries. The allowance is based on an analysis of historical bad debt experience, current receivables aging, and expected future write-offs, as well as an assessment of specific identifiable customer accounts considered at risk or uncollectible. The expense associated with the allowance for doubtful accounts is recognized in general and administrative expense.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Real estate tax escrow<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Real estate tax escrow consists of funds held for the purpose of real estate taxes owed. These funds will be released as required to satisfy tax payments as due.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Rental properties<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Rental properties are carried at cost less accumulated depreciation and amortization. Betterments, major renovations and certain costs directly related to the improvement of rental properties are capitalized. Maintenance and repair expenses are charged to expense as incurred. Depreciation is recognized on a straight-line basis over estimated useful lives of the assets, which range from 7 to 39 years. Tenant improvements are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 20.4pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above-market leases and acquired in-place leases) and acquired liabilities (such as acquired below-market leases) and allocate the purchase price based on these assessments. The Company assesses fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. The Company records acquired intangible assets (including acquired above-market leases and acquired in-place leases) and acquired intangible liabilities (including below-market leases) at their estimated fair value. The Company amortizes acquired above-and below-market leases as a decrease or increase to rental income, respectively, over the lives of the respective leases. Amortization of acquired in-place leases is included as a component of depreciation and amortization. For the nine months ended September 30, 2016 and 2015, there were no acquired in-place leases.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company’s properties, including any related intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. If the Company’s estimates of the projected future cash flows, anticipated holding periods, or market conditions change, the Company’s evaluation of impairment losses may be different and such differences could be material to its consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses. For the nine months ended September 30, 2016 and 2015, the Company did not record any impairment losses.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company has capitalized land, which is not subject to depreciation.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Property and equipment<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Property and equipment is stated at cost, less accumulated depreciation. Depreciation of property and equipment is provided utilizing the straight-line method over the estimated useful lives. The Company uses a five year life for office equipment, seven years for furniture and fixtures, and 5 to 10 years for vehicles. Expenditures for maintenance and repairs are charged to expense as incurred. Upon sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in statements of operations.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company examines the possibility of decreases in the value of these assets when events or changes in circumstances reflect the fact that their recorded value may not be recoverable.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Revenue recognition<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Rental income includes base rents that each tenant pays in accordance with the terms of its respective lease and is reported on a straight-line basis over the non-cancellable term of the lease, which includes the effects of rent steps and rent abatements under the leases. We commence rental revenue recognition when the tenant takes possession of the leased space or controls the physical use of the leased space and the leased space is substantially ready for its intended use. Rental income also includes the amortization of acquired above-and below-market leases, net. Beginning in 2014, the Company began generating revenues from the non-residential rental properties.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Certain of the Company’s leases currently contain rental increases at specified intervals. The Company records as an asset, and include in revenue, <a name="jump_exp_13"></a>rents <a name="jump_exp_14"></a>receivable that will be received if the tenant makes all rent payments required through the expiration of the initial term of the lease. Deferred <a name="jump_exp_15"></a>rents <a name="jump_exp_16"></a>receivable in the accompanying balance sheets includes the cumulative difference between rental revenue recorded on a straight-line basis and rents received from the tenants in accordance with the lease terms. Accordingly, management determines to what extent the deferred <a name="jump_exp_17"></a>rent <a name="jump_exp_18"></a>receivable applicable to each specific tenant is collectible. The Company reviews material <a name="jump_exp_19"></a>rents <a name="jump_exp_20"></a>receivable and takes into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of rent receivable with respect to any given tenant is in doubt, we record an increase in the allowance for uncollectible accounts or the Company records a direct write-off of the specific <a name="jump_exp_21"></a>rent <a name="jump_exp_22"></a>receivable. No such reserves related to deferred rent receivable have been recorded as of September 30, 2016 and December 31, 2015. For the nine months ended September 30, 2015, in connection with certain related party leases, the Company only included in revenues the amount of rents received from the related parties in accordance with the lease terms. On August 1, 2015, the Company transferred title to its Bernalillo, New Mexico property and the respective related party lease as part of a settlement agreement, and cancelled a related party lease in June 2015.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Basic income (loss) per share<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Basic income (loss) per share is computed by dividing net income (loss) by weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. All potentially dilutive common shares were excluded from the computation of diluted shares outstanding as they would have an anti-dilutive impact on the Company’s net losses and consisted of the following:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1250.4px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: justify;"> </td><td style="padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September 30, 2016</td><td style="padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September 30, 2015</td><td style="padding-bottom: 1.5pt; font-weight: bold;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 937.07px; text-align: justify; text-indent: -10pt; padding-bottom: 1.5pt; padding-left: 10pt;">Convertible debt</td><td style="width: 12.8px; padding-bottom: 1.5pt;"> </td><td style="width: 12.8px; text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="width: 112.8px; text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">200,000</td><td style="width: 12.8px; text-align: left; padding-bottom: 1.5pt;"> </td><td style="width: 12.8px; padding-bottom: 1.5pt;"> </td><td style="width: 12px; text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="width: 112px; text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">200,000</td><td style="width: 12px; text-align: left; padding-bottom: 1.5pt;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: justify; text-indent: -10pt; padding-bottom: 4pt; padding-left: 10pt;">Stock options</td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">1,250,000</td><td style="text-align: left; padding-bottom: 4pt;"> </td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">1,300,000</td><td style="text-align: left; padding-bottom: 4pt;"> </td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Segment reporting<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;">The Company’s business is comprised of one reportable segment. The Company has determined that its properties have similar economic characteristics to be aggregated into one reportable segment (operating, leasing and managing commercial properties). The Company’s determination was based primarily on its method of internal reporting.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;">Income tax<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Deferred income tax assets and liabilities arise from temporary differences between the financial statements and tax basis of assets and liabilities, as measured by the enacted tax rates, which are expected to be in effect when these differences reverse. Deferred tax assets and liabilities are classified as current or non-current, depending upon the classification of the asset or liabilities to which they relate. Deferred tax assets and liabilities not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company follows the provisions of FASB ASC 740-10 “Uncertainty in Income Taxes”. Certain recognition thresholds must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax positions that meet a “more-likely-than-not” threshold.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company does not believe it has any uncertain tax positions as of September 30, 2016 and 2015 that would require either recognition or disclosure in the accompanying consolidated financial statements.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Stock-based compensation<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718 which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Pursuant to ASC Topic 505-50, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the service period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Related parties<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;">Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"><a name="gaapcod_20190_5"></a><a name="cite"></a>Recently issued accounting pronouncements<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;">In May 2014, the FASB issued an update (“ASU 2014-09”) Revenue from Contracts with Customers. ASU 2014-09 establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most of the existing revenue recognition guidance and notes that lease contracts with customers are a scope exception. ASU 2014-09 requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services and also requires certain additional disclosures. On August 12, 2015, the FASB issued ASU 2015-14 to defer the effective date of ASU 2014-09. Public business entities may elect to adopt the amendments as of the original effective date; however, adoption is required for annual reporting periods beginning after December 15, 2017. The Company is currently assessing the impact of the guidance on our consolidated financial statements and notes to our consolidated financial statements.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern, that will require management to assess an entity’s ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. In connection with each annual and interim period, management will assess if there is substantial doubt about an entity’s ability to continue as a going concern within one year after the issuance date. Substantial doubt exists if it is probable that the entity will be unable to meet its obligations within one year after the issuance date. The new standard defines substantial doubt and provides example indicators. Disclosures will be required if conditions give rise to substantial doubt. However, management will need to assess if its plans will alleviate substantial doubt to determine the specific disclosures. This standard is effective for public entities for annual periods ending after December 15, 2016. Earlier application of this standard is permitted. This standard is not expected to have a material effect on the Company’s financial position, results of operations and cash flows.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”), which requires entities to present deferred tax assets and deferred tax liabilities as noncurrent in a classified balance sheet. The ASU simplifies the current guidance in ASC Topic 740, Income Taxes, which requires entities to separately present deferred tax assets and liabilities as current and noncurrent in a classified balance sheet. ASU 2015-17 is effective for fiscal years beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for all entities as of the beginning of an interim or annual reporting period. The Company does not expect the impact of ASU 2015-17 to be material to its consolidated financial statements.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">On February 25, 2016, the FASB issued ASU No. 2016-02 (“ASU 2016-02”) to amend the accounting guidance for leases. The accounting applied by a lessor is largely unchanged under ASU 2016-02. However, the standard requires lessees to recognize lease assets and lease liabilities for leases classified as operating leases on the balance sheet. Lessees will recognize in the statement of financial position a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it will recognize lease expense for such leases generally on a straight-line basis over the lease term. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018 and early adoption is permitted. The Company is currently assessing the impact of the guidance on its consolidated financial statements and notes to its consolidated financial statements.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">On March 30, 2016, the FASB issued ASU No. 2016-09 (“ASU 2016-09”) to amend the accounting guidance for share-based payment accounting. The areas for simplification in ASU 2016-09 involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, forfeitures, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods beginning after December 15, 2016 and early adoption is permitted.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;">Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Reclassification<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0pt 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Certain reclassifications have been made in the prior period’s consolidated financial statements to conform to the current period’s presentation.</div>

<p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;">NOTE 6 – COMMITMENTS AND CONTINGENCIES<p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;"> <p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;">Legal matters<p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;"> <p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;">Healing Healthcare 3, Inc.; Xingang, LLC v. v. Zoned Properties, Inc., et al.; Court Filed: Maricopa County Superior Court, Arizona; Case Number: CV2015-012264; Date Filed: October 21, 2015.<p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;"> <p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;">On October 21, 2015, Healing Healthcare 3, Inc. (“HH3”) and Xingang, LLC filed a complaint against the Company, President and CEO Bryan McLaren, Board member Alex McLaren, and wholly-owned subsidiary Tempe Industrial Properties, LLC, among others. The complaint concerned the Company’s lease of space in Tempe, Arizona to operate a medical marijuana cultivation site. HH3 and Xingang claim that the Company and its related parties violated the terms of the lease for various reasons. On May 23, 2014, the Company concluded that the lease had been breached, and terminated the lease and retook possession of the property. Plaintiffs asserted various contract and tort claims against the Company and its related parties, and seeks $10,000 per day “for each day that the Company remained in possession of the Tempe Property in violation of the Lease,” attorneys’ fees and costs, treble damages, punitive damages, and interest. The complaint was served on the Company and its related parties on February 17, 2016. On March 8, 2016, the Company, Bryan McLaren, Alex McLaren, and TIP (the “Moving Parties”) filed a motion to dismiss the claims asserted against them in the complaint, with prejudice, on various grounds. On April 14, 2016, the court granted in part, and denied in part, the motion to dismiss. In sum, the court granted the dismissal of the contract claims against the McLarens without leave to amend; denied the dismissal of the two contract claims against the Company and TIP; and granted the dismissal of the remaining tort claims, subject to leave to amend the complaint within 20 days of the order. On May 5, 2016, HH3 and Xingang filed an amended complaint with new fact allegations, reasserting the claims that had survived the motion to dismiss. A motion to dismiss the amended complaint was filed on behalf of the Company, Bryan McLaren, and TIP. The motion was fully-briefed, and by order dated July 8, 2016, the Court granted the motion to dismiss the claims asserted by Xingang but denied the rest of the motion. The Company, Bryan McLaren, and TIP filed their answer to the amended complaint on July 27, 2016. On or about November 8, 2016, the Company reached a settlement with Healing Healthcare 3, Inc. (“HH3”) to settle the lawsuit HH3 filed on October 21, 2015.  The terms of the settlement are confidential, but the lawsuit will be dismissed in its entirety with prejudice.<p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;"> <p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;">In a letter dated April 4, 2016, a shareholder of the Company, through legal counsel, made a demand on the Company related to a certain reverse-stock split that occurred following changes in the composition of the Company’s officers and directors in 2014. In its letter, this shareholder alleged, among other things, that: the reverse-stock split was designed to dilute existing Company interests of existing shareholders and to further entrench new management’s control over the Company. This shareholder demanded that the board of directors bring a legal action against certain officers and directors and against the Company’s transfer agent for various alleged violations of federal and state law. This shareholder indicated its intent to file a putative shareholder derivative action if its demand were not accepted. The Company evaluated this shareholder’s demand and engaged in settlement talks for several weeks. On July 15, 2016, the parties entered into a Confidential Settlement Agreement and Mutual Release (the “Settlement Agreement”), whereby the Company agreed to issue an aggregate of 50,000 shares of its common stock as follows: (a) 12,500 shares were issued within three days from execution of the Settlement Agreement, (b) 12,500 were issued on September 30, 2016, (c) 12,500 shares shall be issued on December 30, 2016, and (d) 12,500 shares shall be issued on March 31, 2017. In connection with the Settlement Agreement, during the nine months ended September 30, 2016, the Company recorded settlement expense of $87,500.<p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;"> <p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;">In a letter dated May 10, 2016, Marc Brannigan, the Company’s former CEO, and related parties (collectively “Brannigan”) sent a demand letter, through counsel, to the Company and certain other third-parties, claiming, among other things, that the Company improperly diluted Brannigan’s equity in the Company. Brannigan demands that the Company issue shares to “reverse” the dilution, invalidate shares improperly issued by the Company, pay unspecified damages, recover one-third of all Company shares owned by Alan Abrams and Chris Carra, and recover Brannigan’s purported majority ownership and voting control of the Company. The Company has evaluated Brannigan’s purported claims, and intends to vigorously defend against such claim. A mediation involving all interested parties occurred on July 29, 2016 and was unsuccessful.<p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;"> <p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;">Rental property acquisition<p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;"> <p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0pt 0pt 0px; text-align: justify;">On April 22, 2016, Zoned Colorado Properties, LLC (“Zoned Colorado”), a wholly owned subsidiary of the Company, entered into a Contract to Buy and Sell Real Estate (Commercial) (the “Agreement”) with Parachute Development Corporation (“Seller”) pursuant to which Zoned Colorado agreed to purchase, and Seller agreed to sell, property in Parachute, Colorado (the “Property”) for a purchase price of $499,857. Of the total purchase price, $274,857, or 55%, will be paid in cash at closing and $225,000, or 45%, will be financed by Seller at an interest rate of 6.5%, amortized over a five-year period, with a balloon payment at the end of the fifth year. Payments will be made monthly and there will be no pre-payment penalty. Pursuant to the terms of the Agreement, the parties will cooperate in good faith to complete due diligence during a period of 45 days following execution of the Agreement. The closing is subject to certain contingencies, including that Zoned Colorado must obtain acceptable financing for the purchase and development of the property, the grant of a special use permit by the Town of Parachute, approval of a protected development deal or equivalent agreement by the Town of Parachute, execution of a lease agreement by a prospective tenant and the prospective tenant’s obtaining a license to cultivate on the property. Pursuant to the terms of the Agreement, Zoned Colorado will have a right of first refusal on eleven additional lots owned by Seller in Parachute, Colorado. In April 2016, we paid a refundable deposit of $45,000 into escrow in connection with the Agreement. As of September 30, 2016, the Company and Seller are still cooperating to complete the purchase.

<div><table style="font: 10pt/normal 'times new roman', times, serif; width: 1422.72px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: justify;"> </td><td style="padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September 30, 2016</td><td style="padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September 30, 2015</td><td style="padding-bottom: 1.5pt; font-weight: bold;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1068.49px; text-align: justify; text-indent: -10pt; padding-bottom: 1.5pt; padding-left: 10pt;">Convertible debt</td><td style="width: 14.54px; padding-bottom: 1.5pt;"> </td><td style="width: 14.54px; text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="width: 128.18px; text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">200,000</td><td style="width: 14.54px; text-align: left; padding-bottom: 1.5pt;"> </td><td style="width: 14.54px; padding-bottom: 1.5pt;"> </td><td style="width: 13.63px; text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="width: 127.27px; text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">200,000</td><td style="width: 13.63px; text-align: left; padding-bottom: 1.5pt;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: justify; text-indent: -10pt; padding-bottom: 4pt; padding-left: 10pt;">Stock options</td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">1,250,000</td><td style="text-align: left; padding-bottom: 4pt;"> </td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">1,300,000</td><td style="text-align: left; padding-bottom: 4pt;"> </td></tr></table></div>

<table style="font: 10pt/normal 'times new roman', times, serif; width: 1422px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; orphans: 2; widows: 2; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Description</td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Useful Life (Years)</td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September 30,  2016</td><td style="padding-bottom: 1.5pt;"> </td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">December 31,  2015</td><td style="padding-bottom: 1.5pt;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 897px; text-align: justify; text-indent: -10pt; padding-left: 10pt;">Building and building improvements</td><td style="width: 14px;"> </td><td style="width: 143px; text-align: center; text-indent: -10pt; padding-left: 10pt;">39</td><td style="width: 14px;"> </td><td style="width: 14px; text-align: left;">$</td><td style="width: 128px; text-align: right;">4,950,016</td><td style="width: 14px; text-align: left;"> </td><td style="width: 13px;"> </td><td style="width: 13px; text-align: left;">$</td><td style="width: 127px; text-align: right;">4,823,318</td><td style="width: 13px; text-align: left;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: justify; text-indent: -10pt; padding-left: 10pt;">Construction in progress</td><td> </td><td style="text-align: center; text-indent: -10pt; padding-left: 10pt;">-</td><td> </td><td style="text-align: left;"> </td><td style="text-align: right;">484,617</td><td style="text-align: left;"> </td><td> </td><td style="text-align: left;"> </td><td style="text-align: right;">-</td><td style="text-align: left;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: justify; text-indent: -10pt; padding-left: 10pt;">Land</td><td> </td><td style="text-align: center; text-indent: -10pt; padding-left: 10pt;">-</td><td> </td><td style="text-align: left;"> </td><td style="text-align: right;">2,589,667</td><td style="text-align: left;"> </td><td> </td><td style="text-align: left;"> </td><td style="text-align: right;">2,589,667</td><td style="text-align: left;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: justify; text-indent: -10pt; padding-bottom: 1.5pt; padding-left: 10pt;">Equipment</td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: center; text-indent: -10pt; padding-bottom: 1.5pt; padding-left: 10pt;">7</td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">23,164</td><td style="text-align: left; padding-bottom: 1.5pt;"> </td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">23,164</td><td style="text-align: left; padding-bottom: 1.5pt;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: justify; text-indent: -10pt; padding-left: 20pt;">Rental properties, at cost</td><td> </td><td style="text-align: justify; text-indent: -10pt; padding-left: 10pt;"> </td><td> </td><td style="text-align: left;"> </td><td style="text-align: right;">8,047,464</td><td style="text-align: left;"> </td><td> </td><td style="text-align: left;"> </td><td style="text-align: right;">7,436,149</td><td style="text-align: left;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: justify; text-indent: -10pt; padding-bottom: 1.5pt; padding-left: 10pt;">Less: accumulated depreciation</td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: justify; text-indent: -10pt; padding-bottom: 1.5pt; padding-left: 10pt;"> </td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">(332,639</td><td style="text-align: left; padding-bottom: 1.5pt;">)</td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">(211,556</td><td style="text-align: left; padding-bottom: 1.5pt;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: justify; text-indent: -10pt; padding-bottom: 4pt; padding-left: 10pt;">Rental properties, net</td><td style="padding-bottom: 4pt;"> </td><td style="text-align: justify; text-indent: -10pt; padding-bottom: 4pt; padding-left: 10pt;"> </td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">7,714,825</td><td style="text-align: left; padding-bottom: 4pt;"> </td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">7,224,593</td><td style="text-align: left; padding-bottom: 4pt;"> </td></tr></table>

<table style="font: 10pt/normal 'times new roman', times, serif; width: 1422px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; orphans: 2; widows: 2; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td> </td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Number of Options</td><td style="padding-bottom: 1.5pt;"> </td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Weighted Average Exercise Price</td><td style="padding-bottom: 1.5pt;"> </td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Weighted Average Remaining Contractual Term (Years)</td><td style="padding-bottom: 1.5pt;"> </td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Aggregate Intrinsic Value</td><td style="padding-bottom: 1.5pt;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 726px; text-indent: -10pt; padding-left: 10pt;">Balance Outstanding December 31, 2015</td><td style="width: 14px;"> </td><td style="width: 14px; text-align: left;"> </td><td style="width: 128px; text-align: right;">1,550,000</td><td style="width: 14px; text-align: left;"> </td><td style="width: 14px;"> </td><td style="width: 14px; text-align: left;">$</td><td style="width: 128px; text-align: right;">1.00</td><td style="width: 14px; text-align: left;"> </td><td style="width: 14px;"> </td><td style="width: 14px; text-align: left;"> </td><td style="width: 128px; text-align: right;">-</td><td style="width: 13px; text-align: left;"> </td><td style="width: 13px;"> </td><td style="width: 13px; text-align: left;">$</td><td style="width: 127px; text-align: right;">-</td><td style="width: 13px; text-align: left;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-indent: -10pt; padding-bottom: 1.5pt; padding-left: 10pt;">Forfeited</td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">(300,000</td><td style="text-align: left; padding-bottom: 1.5pt;">)</td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">1.00</td><td style="text-align: left; padding-bottom: 1.5pt;"> </td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">-</td><td style="text-align: left; padding-bottom: 1.5pt;"> </td><td style="padding-bottom: 1.5pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">-</td><td style="text-align: left; padding-bottom: 1.5pt;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-indent: -10pt; padding-bottom: 4pt; padding-left: 10pt;">Balance Outstanding September 30, 2016</td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">1,250,000</td><td style="text-align: left; padding-bottom: 4pt;"> </td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">1.00</td><td style="text-align: left; padding-bottom: 4pt;"> </td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">8.93</td><td style="text-align: left; padding-bottom: 4pt;"> </td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">500,000</td><td style="text-align: left; padding-bottom: 4pt;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-indent: -10pt; padding-left: 10pt;"> </td><td> </td><td style="text-align: left;"> </td><td style="text-align: right;"> </td><td style="text-align: left;"> </td><td> </td><td style="text-align: left;"> </td><td style="text-align: right;"> </td><td style="text-align: left;"> </td><td> </td><td style="text-align: left;"> </td><td style="text-align: right;"> </td><td style="text-align: left;"> </td><td> </td><td style="text-align: left;"> </td><td style="text-align: right;"> </td><td style="text-align: left;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-indent: -10pt; padding-bottom: 4pt; padding-left: 10pt;">Exercisable, September 30, 2016</td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">650,000</td><td style="text-align: left; padding-bottom: 4pt;"> </td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">1.00</td><td style="text-align: left; padding-bottom: 4pt;"> </td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;"> </td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">8.93</td><td style="text-align: left; padding-bottom: 4pt;"> </td><td style="padding-bottom: 4pt;"> </td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">260,000</td><td style="text-align: left; padding-bottom: 4pt;"> </td></tr></table>

1300000

200000

1250000

200000

360000

P39Y

P7Y

P0Y

P5Y

P10Y

P5Y

P39Y

P7Y

7436149 4823318 23164 2589667 8047464 4950016 23164 2589667 484617 211556 332639 33901 105345 41522 121083

0.50

0.07

2017-08-20

The holder has the option after 12 months to convert all or a portion of the Debenture into shares of the Company's common stock at the conversion price of $5.00 per share.

1) cash of $5,000 per month and 2) 7,500 restricted shares to be issued within the first thirty days of the contractual period and an additional 7,500 shares of restricted stock to be issued at the end of month seven.

On the measurement date of July 15, 2016, the Company valued the 50,000 shares issuable using the quoted share price of $1.75 per common share and recorded settlement expense and an accrued expense of $87,500.

1) cash of $5,000 per month and 2) 3,750 common shares per quarter to be issued at the beginning of each quarter.

5.00

The Company shall pay to a base fee of $6,500 in cash per month of which $2,000 shall be deferred and paid upon the earlier of six months or a capital raise, and $3,500 per month payable quarterly in advance in common shares of the Company valued at the lower of the share price from the most recent capital raise or 60% of the bid price of the Company's common stock at the last trading day of the previous quarter with a minimum number of common shares issuable per month of 1,250 shares.

2035-07-31

25000

20000

2000000

611314

30000

13500

0.05 0.05

60000

26250

70000

47542

73791

5000

1550000

1250000

300000

650000

1.00

P8Y11M5D

500000

260000

The holders of the preferred stock are entitled to fifty (50) votes for each share held.

At least 51% of the total number of shares of Preferred Stock outstanding

7500

3750

4.50

5.34

1.50

1.40

2.54

5.34

1.45

1000000

10000000

30000

50000

10000

25000

14275

25000

12693

135000

45000

40050

15000

5250

47734

18405

40050 5250

(a) 12,500 shares were issued within three days from execution of this Settlement Agreement, (b) 12,500 were issued on September 30, 2016, (c) 12,500 shares shall be issued on December 30, 2016, and (d) 12,500 shares shall be issued on March 31, 2017.

On July 15, 2016, the parties entered into a Confidential Settlement Agreement and Mutual Release (the "Settlement Agreement"), whereby the Company agreed to issue an aggregate of 50,000 shares of its common stock as follows: (a) 12,500 shares were issued within three days from execution of the Settlement Agreement, (b) 12,500 were issued on September 30, 2016, (c) 12,500 shares shall be issued on December 30, 2016, and (d) 12,500 shares shall be issued on March 31, 2017.

37387

80690

135000

16772

50317

47734

18405

The 2016 Plan's purpose is to encourage ownership in the Company by employees, officers, directors and consultants whose long-term service the Company considers essential to its continued progress and, thereby, encourage recipients to act in the stockholders' interest and share in the Company's success. The 2016 Plan authorizes the grant of awards in the form of options intended to qualify as incentive stock options under Section 422 of the Internal Revenue Code, options that do not qualify (non-statutory stock options) and grants of restricted shares of common stock. Restricted shares granted pursuant to the 2016 Plan are amortized to expense over the three-year vesting period. Options vest and expire over a period not to exceed seven years.

The Company also continues to maintain its 2014 Equity Compensation Plan (the "2014 Plan"), pursuant to which 1,250,000 previously awarded stock options are outstanding. The 2014 Plan has been superseded by the 2016 Plan. Accordingly, no additional shares subject to the existing 2014 Plan will be issued and the 1,250,000 shares issuable upon exercise of stock options will be issued pursuant to the 2014 Plan, if exercised.

1000000

250000

300000

10000000

0.00

1.20

0.0225

0.0231

0.0150

948400

237150

248100

P10Y

P5Y

227488

497696

54166

43750

245637

43750

1.00

The options vest as to 125,000 of such shares on July 1, 2015 and for each quarter thereafter through April 1, 2017, and expire on May 5, 2025 or earlier due to employment termination. The option vests as to (i) 25,000 of such shares on December 30, 2015, and (ii) as to 25,000 of such shares on December 30, 2016 and each year thereafter through December 30, 2026. The options vested as to 50,000 of such shares on August 1, 2015, and 50,000 options were to vest on May 1, 2016 and for each year thereafter through May 1, 2020, and expire five years from the date of grant or earlier due to employment termination.

450000

62944

650000

250000

50000

211827

23715

Pursuant to the agreement, the Company shall issue 10,000 shares of common stock immediately and 20,000 shares of common stock at the completion of the engagement. 45000 15000 20000 10000

10000

Of the total purchase price, $274,857, or 55%, will be paid in cash at closing and $225,000, or 45%, will be financed by Seller at an interest rate of 6.5%, amortized over a five-year period, with a balloon payment at the end of the fifth year.

0.703

0.688

0.878

0.862

18405

12693

18405

1.45

EX-101.SCH 6 zdpy-20160930.xsd XBRL SCHEMA FILE 001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:definitionLink link:calculationLink 003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) link:presentationLink link:definitionLink link:calculationLink 005 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:definitionLink link:calculationLink 006 - Disclosure - Organization and Nature of Operations link:presentationLink link:definitionLink link:calculationLink 007 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 008 - Disclosure - Rental Properties link:presentationLink link:definitionLink link:calculationLink 009 - Disclosure - Related Party Transactions link:presentationLink link:definitionLink link:calculationLink 010 - Disclosure - Stockholders' Equity link:presentationLink link:definitionLink link:calculationLink 011 - Disclosure - Commitments and Contingencies link:presentationLink link:definitionLink link:calculationLink 012 - Disclosure - Concentrations link:presentationLink link:definitionLink link:calculationLink 013 - Disclosure - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 014 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:definitionLink link:calculationLink 015 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:definitionLink link:calculationLink 016 - Disclosure - Rental Properties (Tables) link:presentationLink link:definitionLink link:calculationLink 017 - Disclosure - Stockholders' Equity (Tables) link:presentationLink link:definitionLink link:calculationLink 018 - Disclosure - Summary of Significant Accounting Policies (Details) link:presentationLink link:definitionLink link:calculationLink 019 - Disclosure - Summary of Significant Accounting Policies (Details Textual) link:presentationLink link:definitionLink link:calculationLink 020 - Disclosure - Rental Properties (Details) link:presentationLink link:definitionLink link:calculationLink 021 - Disclosure - Rental Properties (Details Textual) link:presentationLink link:definitionLink link:calculationLink 022 - Disclosure - Related Party Transactions (Details) link:presentationLink link:definitionLink link:calculationLink 023 - Disclosure - Stockholders' Equity (Details) link:presentationLink link:definitionLink link:calculationLink 024 - Disclosure - Stockholders' Equity (Details Textual) link:presentationLink link:definitionLink link:calculationLink 025 - Disclosure - Commitments and Contingencies (Details) link:presentationLink link:definitionLink link:calculationLink 026 - Disclosure - Concentrations (Details) link:presentationLink link:definitionLink link:calculationLink 027 - Disclosure - Subsequent Events (Details) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 7 zdpy-20160930_cal.xml XBRL CALCULATION FILE EX-101.DEF 8 zdpy-20160930_def.xml XBRL DEFINITION FILE EX-101.LAB 9 zdpy-20160930_lab.xml XBRL LABEL FILE Document and Entity Information [Abstract] Entity Registrant Name Entity Central Index Key Amendment Flag Current Fiscal Year End Date Document Type Document Period End Date Document Fiscal Year Focus Document Fiscal Period Focus Entity Filer Category Entity Filer Category Entity Common Stock, Shares Outstanding Statement of Financial Position [Abstract] ASSETS ASSETS Cash and cash equivalents Cash CASH, beginning of period CASH, end of period Rental Properties Rental properties, net (See Note 3) Rental properties, net Rental properties, net Deferred Rent Receivables, Net Deferred rent receivable Deferred rent receivable, related party Deferred Rent Asset, Net, Current Deferred rent receivable - related parties Escrow Deposit Real estate tax escrow Refundable deposit into escrow Prepaid Expense and Other Assets, Current Prepaid expenses and other current assets Property, Plant and Equipment, Net Property and equipment, net Property and equipment, net Property and equipment, net Security Deposit Security deposits Security deposit Total Assets TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities LIABILITIES: Secured Debt Mortgage payable Convertible Notes Payable Convertible note payable - related party Convertible notes payable Principal balance due amount Convertible note payable Convertible Notes Payable Related Parties Convertible note payable - related party The amount for convertible notes payable, due to related parties. Accounts Payable Accounts payable Accrued Liabilities Accrued expenses Accrued Liabilities Related Parties Accrued expenses - related parties The amount for accrued liabilities, related parties. Deposits Security deposits payable Total Liabilities Total Liabilities Commitments and Contingencies Commitments and Contingencies (See Note 9) STOCKHOLDERS' EQUITY: STOCKHOLDERS' EQUITY: Preferred Stock, Value, Issued Preferred stock, $.001 par value, 5,000,000 shares authorized; 2,000,000 shares issued and outstanding at March 31, 2016 and December 31, 2015 ($1.00 per share liquidation preference) Preferred stock, $.001 par value, 5,000,000 shares authorized; 2,000,000 shares issued and outstanding at September 30, 2016 and December 31, 2015 ($1.00 per share liquidation preference) Common Stock, Value, Issued Common stock: $.001 par value, 100,000,000 shares authorized; 17,181,375 and 17,080,850 issued and outstanding at September 30, 2016 and December 31, 2015, respectively Common stock value issued Additional Paid in Capital Additional paid-in capital Retained Earnings (Accumulated Deficit) Accumulated deficit Stockholders' Equity Attributable to Parent Total Stockholders' Equity Beginning balance Ending balance Total Liabilities and Stockholders' Equity (Deficit) Total Liabilities and Stockholders' Equity Preferred Stock, Par or Stated Value Per Share Preferred stock, par value Preferred Stock, Shares Authorized Preferred stock, shares authorized Preferred Stock, Shares Issued Preferred stock, shares issued Preferred Stock, Shares Outstanding Preferred stock, shares outstanding Preferred Stock, Liquidation Preference Per Share Preferred stock, liquidation preference Common Stock, Par or Stated Value Per Share Common stock, par value Common stock shares authorized Common stock, shares authorized Common Stock, Shares, Issued Common stock shares Common stock shares issued to to Marc Brannigan Common stock, shares issued Common stock shares outstanding Common stock, shares outstanding Income Statement [Abstract] Revenues [Abstract] REVENUES: Real Estate Revenue, Net Rental revenues - related parties Rental revenues Rental revenues Rental revenues - related parties Rental revenues - related parties The aggregate revenue from real estate related party operations during the reporting period. REVENUES Total Revenues OPERATING EXPENSES OPERATING EXPENSES: Compensation And Benefits Compensation and benefits Compensation and benefits. Professional Fees Professional fees General and administrative General and administrative expenses Depreciation, Depletion and Amortization Depreciation and amortization Cost of Other Property Operating Expense Property operating expenses Real Estate Tax Expense Real estate taxes Legal Fees Consulting fees - related parties Settlement Expense Settlement expense Settlement expense. TOTAL OPERATING EXPENSES Total Operating Expenses INCOME (LOSS) FROM OPERATIONS LOSS FROM OPERATIONS (LOSS) INCOME FROM OPERATIONS OTHER INCOME (EXPENSE) OTHER INCOME (EXPENSES): Interest Expense Interest expenses Interest expenses Interest Expense, Related Party Interest expenses - related parties Interest expenses - related parties Gain (Loss) on Disposition of Property Plant Equipment Loss from sale of property and equipment Loss on sale of property and equipment Loss from sale of property and equipment Other Nonoperating Income Other income Interest Income, Operating Interest income Other income (expense) Other income Total Other Expenses, net Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest LOSS BEFORE INCOME TAXES LOSS BEFORE INCOME TAXES (LOSS) INCOME BEFORE INCOME TAXES Income Tax Expense (Benefit) PROVISION FOR INCOME TAXES Total provision for income tax PROVISION FOR INCOME TAXES NET INCOME (LOSS) Net loss Net loss NET (LOSS) INCOME Earnings Per Share [Abstract] NET LOSS PER COMMON SHARE: EARNINGS (LOSS) PER SHARE: BASIC AND DILUTED Basic and Diluted Weighted Average Number of Shares Outstanding, Diluted [Abstract] WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Weighted Average Number of Shares Outstanding, Basic and Diluted Basic and Diluted Statement of Cash Flows [Abstract] Net Cash Provided by (Used in) Operating Activities [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES Adjustments to reconcile net loss to net cash used in operating activities: Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization Depreciation and amortization expense Share-based Compensation Stock-based compensation Stock Based Settlement Expense Stock-based settlement expense StockBased settlement expense. Stock or Unit Option Plan Expense Accretion of stock-based stock option expense Gain (Loss) on Disposition of Assets Loss from sale of property and equipment Deferred Rent Receivable Deferred rent receivable Deferred rent receivable. Deferred rent receivable Deferred Rent Receivable Related Parties Deferred rent receivable - related parties Deferred rent receivable related parties. Deferred rent receivable - related parties Increase (Decrease) in Operating Capital [Abstract] Change in operating assets and liabilities: Increase Decrease In Real Estate Tax Escrow Real estate tax escrow Increase decrease in real estate tax escrow. Real estate tax escrow Increase (Decrease) in Prepaid Expense and Other Assets Prepaid expenses and other assets Prepaid expenses and other assets Increase (Decrease) in Security Deposits Security deposits Security deposits payable Increase (Decrease) in Accounts Payable Accounts payable Increase (Decrease) in Accrued Liabilities Accrued expenses Increase Decrease In Accrued Liabilities Related Parties Accrued expenses - related parties Increase decrease in accrued liabilities related parties. Accrued expenses - related parties Increase Decrease In Security Deposits Payable Security deposits payable Increase decrease in security deposits payable. Security deposits payable Net Cash Provided by (Used in) Operating Activities NET CASH USED IN OPERATING ACTIVITIES NET CASH USED IN OPERATING ACTIVITIES Net Cash Provided by (Used in) Investing Activities [Abstract] CASH FLOWS FROM INVESTING ACTIVITIES Payments to Acquire and Develop Real Estate Acquisition of buildings and improvements Acquisition and development of buildings and improvements Payments to Acquire Land Acquisition of land Acquisition of land Proceeds from Sale of Property, Plant, and Equipment Cash received from sale of property and equipment Cash received from sale of property and equipment Payments to Acquire Property, Plant, and Equipment Acquisition of property and equipment Purchase price of property Acquisition of property and equipment Net Cash Provided by (Used in) Investing Activities NET CASH USED IN INVESTING ACTIVITIES NET CASH USED IN INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from Issuance of Common Stock Proceeds from sale of common stock Payments for Repurchase of Common Stock Redemption of common stock Cash paid Common stock repurchased and cancelled Redemption of common stock Cash flows provided by financing activities NET CASH PROVIDED BY FINANCING ACTIVITIES INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS NET INCREASE IN CASH NET (DECREASE) INCREASE IN CASH SUPPLEMENTAL CASH FLOW INFORMATION: SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Cash Paid During The Period For Interest [Abstract] Cash paid during the period for interest Cash paid during the period for interest. Interest paid Interest Income Taxes Paid, Net Income taxes SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: Common Stock Issued For Buildings And Improvements Common stock issued for buildings and improvements Common stock issued for buildings and improvements. Purchase And Cancellation Of Treasury Shares In Exchange For Net Properties Pursuant To Settlement Purchase and cancellation of treasury shares in exchange for net properties pursuant to settlement Purchase and cancellation of treasury shares in exchange for net properties pursuant to settlement. Organization and Nature of Operations [Abstract] Nature of Operations [Text Block] ORGANIZATION AND NATURE OF OPERATIONS Summary of Significant Accounting Policies [Abstract] Significant Accounting Policies [Text Block] SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Rental Properties [Abstract] Rental Properties [Abstract] Rental Properties Disclosure [Text Block] RENTAL PROPERTIES The entire disclosure for rental properties. Related Party Transactions [Abstract] Related Party Transactions Disclosure [Text Block] RELATED PARTY TRANSACTIONS Stockholders' Equity [Abstract] Stockholders' Equity [Abstract] Stockholders' Equity Note Disclosure [Text Block] STOCKHOLDERS' EQUITY Commitments and Contingencies [Abstract] Commitments and Contingencies Disclosure [Text Block] COMMITMENTS AND CONTINGENCIES Concentrations [Abstract] Concentrations Concentration Risk Disclosure [Text Block] CONCENTRATIONS Subsequent Events [Abstract] Subsequent Events [Text Block] SUBSEQUENT EVENTS Basis Of Accounting And Consolidation [Policy Text Block] Basis of presentation and principals of consolidation Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). And also disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary. Use of Estimates, Policy [Policy Text Block] Use of estimates Risks And Uncertainties [Policy Text Block] Risks and uncertainties Disclosure of accounting policy for the risks and uncertainties during the reporting period. Fair Value of Financial Instruments, Policy [Policy Text Block] Fair value of financial instruments Cash and Cash Equivalents, Policy [Policy Text Block] Cash and cash equivalents Receivables, Policy [Policy Text Block] Accounts receivable Real Estate Tax Escrow [Policy Text Block] Real estate tax escrow Disclosure of accounting policy for real estate tax escrow during the reporting period. Rental Properties [Policy Text Block] Rental properties Disclosure of accounting policy for rental properties during the reporting period. Property, Plant and Equipment, Policy [Policy Text Block] Property and equipment Revenue Recognition, Policy [Policy Text Block] Revenue recognition Earnings Per Share, Policy [Policy Text Block] Basic income (loss) per share Segment Reporting, Policy [Policy Text Block] Segment reporting Income Tax, Policy [Policy Text Block] Income tax Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] Stock-based compensation Related Parties [Policy Text Block] Related parties Disclosure of accounting policy for related parties. New Accounting Pronouncements, Policy [Policy Text Block] Recently issued accounting pronouncements Reclassification, Policy [Policy Text Block] Reclassification Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] Schedule of antidilutive shares excluded from computation of earnings per share Schedule Of Rental Properties [Table Text Block] Schedule of rental properties Tabular disclosure of rental properties. Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] Schedule of stock option activities Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Antidilutive Securities [Axis] Antidilutive Securities, Name [Domain] Convertible Debt Securities [Member] Convertible debt [Member] Employee Stock Option [Member] Stock options [Member] Stock options [Member] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Shares excluded from the calculation of diluted earnings per share Property Subject to or Available for Operating Lease, by Major Property Class [Table] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Domain] Office Equipment [Member] Office equipment [Member] Furniture and Fixtures [Member] Furniture and fixtures [Member] Vehicles [Member] Vehicle and site trailers [Member] Real Estate Property Ownership [Axis] Real Estate Properties [Domain] Consolidated Properties [Member] Rental properties [Member] Range [Axis] Range [Domain] Minimum [Member] Minimum [Member] Maximum [Member] Maximum [Member] Property Subject to or Available for Operating Lease [Line Items] Summary Of Significant Accounting Policies Textual [Abstract] Summary of Significant Accounting Policies (Textual) Cash, FDIC Insured Amount Amount of cash excess of FDIC Property, Plant and Equipment, Useful Life Property plant and equipment useful life Estimated useful life of assets Useful Life (Years) Cash Equivalents, at Carrying Value Cash equivalents Property, Plant and Equipment [Table] Building and Building Improvements [Member] Building and building improvements [Member] Construction in Progress [Member] Construction in progress [Member] Land [Member] Land [Member] Equipment [Member] Equipment [Member] Property, Plant and Equipment [Line Items] Rental Properties Gross Rental properties, at cost Carrying amount of income producing properties held for rental properties. Accumulated Depreciation Depletion And Amortization Of Rental Properties Amount of accumulated depreciation, depletion and amortization for rental properties. Less: accumulated depreciation Rental Properties Textual [Abstract] Rental Properties (Textual) Depreciation And Amortization Of Rental Properties Depreciation and amortization of rental properties The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Schedule of Related Party Transactions, by Related Party [Table] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Senior Convertible Debentures [Member] Senior convertible debenture [Member] Senior Convertible Debentures. EX-101.PRE 10 zdpy-20160930_pre.xml XBRL PRESENTATION FILE XML 11 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2016	Nov. 14, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Zoned Properties, Inc.
Entity Central Index Key	0001279620
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		17,194,068

XML 12 R2.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash	$ 609,826	$ 1,281,464
Rental properties, net (See Note 3)	7,714,825	7,224,593
Deferred rent receivable	14,934	8,909
Deferred rent receivable - related parties	797,657	367,013
Real estate tax escrow	106,971	46,072
Prepaid expenses and other current assets	165,565	105,684
Property and equipment, net	41,851	46,488
Security deposits	8,158	8,158
TOTAL ASSETS	9,459,787	9,088,381
LIABILITIES:
Mortgage payable	2,100,000	2,100,000
Convertible note payable	500,000	500,000
Convertible note payable - related party	500,000	500,000
Accounts payable	74,500	36,797
Accrued expenses	147,114	92,044
Accrued expenses - related parties	76,791	56,542
Security deposits payable	91,963	62,440
Total Liabilities	3,490,368	3,347,823
Commitments and Contingencies (See Note 9)
STOCKHOLDERS' EQUITY:
Preferred stock, $.001 par value, 5,000,000 shares authorized; 2,000,000 shares issued and outstanding at September 30, 2016 and December 31, 2015 ($1.00 per share liquidation preference)	2,000	2,000
Common stock: $.001 par value, 100,000,000 shares authorized; 17,181,375 and 17,080,850 issued and outstanding at September 30, 2016 and December 31, 2015, respectively	17,181	17,081
Additional paid-in capital	19,977,646	19,412,954
Accumulated deficit	(14,027,408)	(13,691,477)
Total Stockholders' Equity	5,969,419	5,740,558
Total Liabilities and Stockholders' Equity	$ 9,459,787	$ 9,088,381

XML 13 R3.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	2,000,000	2,000,000
Preferred stock, shares outstanding	2,000,000	2,000,000
Preferred stock, liquidation preference	$ 1.00	$ 1.00
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	17,181,375	17,080,850
Common stock, shares outstanding	17,181,375	17,080,850

XML 14 R4.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
REVENUES:
Rental revenues	$ 58,829	$ 121,164	$ 177,909	$ 288,182
Rental revenues - related parties	422,382	286,914	1,113,384	634,883
Total Revenues	481,211	408,078	1,291,293	923,065
OPERATING EXPENSES:
Compensation and benefits	92,814	120,247	366,199	298,411
Professional fees	122,038	369,955	604,238	1,011,008
General and administrative expenses	47,692	69,422	151,992	198,516
Depreciation and amortization	43,139	35,598	125,910	110,060
Property operating expenses	23,913	64,868	54,941	104,016
Real estate taxes	21,160	28,757	63,982	56,622
Consulting fees - related parties		8,161		53,511
Settlement expense			87,500	67,500
Total Operating Expenses	350,756	697,008	1,454,762	1,899,644
(LOSS) INCOME FROM OPERATIONS	130,455	(288,930)	(163,469)	(976,579)
OTHER INCOME (EXPENSES):
Interest expenses	(48,123)	(49,079)	(144,369)	(145,325)
Interest expenses - related parties	(8,750)	(8,750)	(26,250)	(26,250)
Loss on sale of property and equipment			(1,843)
Other income				2,545
Interest income				439
Total Other Expenses, net	(56,873)	(57,829)	(172,462)	(168,591)
(LOSS) INCOME BEFORE INCOME TAXES	73,582	(346,759)	(335,931)	(1,145,170)
PROVISION FOR INCOME TAXES
NET (LOSS) INCOME	$ 73,582	$ (346,759)	$ (335,931)	$ (1,145,170)
NET LOSS PER COMMON SHARE:
Basic and Diluted		$ (0.02)	$ (0.02)	$ (0.06)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic and Diluted	17,160,228	17,920,100	17,136,148	18,491,082

XML 15 R5.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (335,931)	$ (1,145,170)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	125,910	110,060
Stock-based compensation	228,033	55,000
Stock-based settlement expense	43,750	50,000
Accretion of stock-based stock option expense	233,009	578,386
Loss from sale of property and equipment	1,843
Deferred rent receivable	(6,025)	(12,778)
Deferred rent receivable - related parties	(430,644)	(192,622)
Change in operating assets and liabilities:
Real estate tax escrow	(60,899)	(20,872)
Prepaid expenses and other assets	(59,881)	(4,035)
Security deposits		(1,421)
Accounts payable	37,703	40,407
Accrued expenses	55,070	70,777
Accrued expenses - related parties	20,249	(6,167)
Security deposits payable	29,523	22,963
NET CASH USED IN OPERATING ACTIVITIES	(118,290)	(455,472)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition and development of buildings and improvements	(551,314)	(43,295)
Acquisition of land		(200,000)
Cash received from sale of property and equipment	500
Acquisition of property and equipment	(2,534)	(6,961)
NET CASH USED IN INVESTING ACTIVITIES	(553,348)	(250,256)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock		1,000,000
Redemption of common stock		(2,250)
NET CASH PROVIDED BY FINANCING ACTIVITIES		997,750
NET (DECREASE) INCREASE IN CASH	(671,638)	292,022
CASH, beginning of period	1,281,464	1,066,377
CASH, end of period	609,826	1,358,399
Cash paid during the period for interest
Interest	144,369	145,325
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for buildings and improvements	60,000
Purchase and cancellation of treasury shares in exchange for net properties pursuant to settlement		$ 1,406,603

XML 16 R6.htm IDEA: XBRL DOCUMENT

Organization and Nature of Operations

9 Months Ended

Sep. 30, 2016

Organization and Nature of Operations [Abstract]

ORGANIZATION AND NATURE OF OPERATIONS

NOTE 1 – ORGANIZATION AND NATURE OF OPERATIONS

Organization

The Company has the following wholly-owned subsidiaries:

●

Gilbert Property Management, LLC was organized in the State of Arizona on February 10, 2014.

●

Tempe Industrial Properties, LLC was organized in the State of Arizona on February 19, 2014.

●

Chino Valley Properties, LLC (“Chino Valley”) was organized in the State of Arizona on April 15, 2014.

●

Kingman Property Group, LLC was organized in the State of Arizona on April 15, 2014.

●

Green Valley Group, LLC (“Green Valley”) organized in the State of Arizona on April 15, 2014.

●

Zoned Oregon Properties, LLC was organized in the State of Oregon on June 16, 2015.

●

Zoned Colorado Properties, LLC was organized in the State of Colorado on September 17, 2015.

●

Zoned Illinois Properties, LLC was organized in the State of Illinois on July 15, 2015.

XML 17 R7.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2016

Summary of Significant Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation and principals of consolidation

Use of estimates

Risks and uncertainties

Fair value of financial instruments

Cash and cash equivalents

Accounts receivable

Real estate tax escrow

Real estate tax escrow consists of funds held for the purpose of real estate taxes owed. These funds will be released as required to satisfy tax payments as due.

Rental properties

The Company has capitalized land, which is not subject to depreciation.

Property and equipment

The Company examines the possibility of decreases in the value of these assets when events or changes in circumstances reflect the fact that their recorded value may not be recoverable.

Revenue recognition

Basic income (loss) per share

	September 30, 2016		September 30, 2015
Convertible debt		200,000		200,000
Stock options		1,250,000		1,300,000

Segment reporting

Income tax

Stock-based compensation

Related parties

Recently issued accounting pronouncements

Reclassification

Certain reclassifications have been made in the prior period’s consolidated financial statements to conform to the current period’s presentation.

XML 18 R8.htm IDEA: XBRL DOCUMENT

Rental Properties

9 Months Ended

Sep. 30, 2016

Rental Properties [Abstract]

RENTAL PROPERTIES

NOTE 3 – RENTAL PROPERTIES

At September 30, 2016 and December 31, 2015, rental properties, net consisted of the following:

Description	Useful Life (Years)	September 30, 2016			December 31, 2015
Building and building improvements	39	$	4,950,016		$	4,823,318
Construction in progress	-		484,617			-
Land	-		2,589,667			2,589,667
Equipment	7		23,164			23,164
Rental properties, at cost			8,047,464			7,436,149
Less: accumulated depreciation			(332,639	)		(211,556	)
Rental properties, net		$	7,714,825		$	7,224,593

XML 19 R9.htm IDEA: XBRL DOCUMENT

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 4 – RELATED PARTY TRANSACTIONS *(A) Convertible notes payable – related parties* On August 20, 2014, the Company received, pursuant to the terms of a Senior Convertible Debenture, $500,000 from a beneficial common stockholder who also holds 50% of the issued preferred stock. The Debenture bears interest at 7% and the principal balance and all accrued interest is due on the maturity date of August 20, 2017. The holder has the option after 12 months to convert all or a portion of the Debenture into shares of the Company’s common stock at the conversion price of $5.00 per share. As of September 30, 2016 and December 31, 2015, the principal balance due and owing under this Debenture is $500,000. As of September 30, 2016 and December 31, 2015, accrued interest payable amounted to $73,791 and $47,542, respectively, and is included in accrued expenses – related parties on the accompanying consolidated balance sheets. For the three months ended September 30, 2016 and 2015, interest expenses – related party amounted to $8,750 and $8,750, respectively. For the nine months ended September 30, 2016 and 2015, interest expenses – related party amounted to $26,250 and $26,250, respectively. *(B) Employment agreement* On October 26, 2015, the Company entered into an engagement letter with a Company majority owned by the Company’s chief financial officer (“CFO”). Pursuant to the engagement letter, the Company shall pay to a base fee of $6,500 in cash per month of which $2,000 shall be deferred and paid upon the earlier of six months or a capital raise, and $3,500 per month payable quarterly in advance in common shares of the Company valued at the lower of the share price from the most recent capital raise or 60% of the bid price of the Company’s common stock at the last trading day of the previous quarter with a minimum number of common shares issuable per month of 1,250 shares. (See Note 5). *(C) Related party lease agreements* During 2014, the Company entered into lease agreements with non-profit companies and other companies whose director is a beneficial stockholder of the Company. Additionally, in August 2015, the Company entered into two lease agreements with C3C3 Group, LLC, a company owned by this beneficial shareholder of the Company (the “Tenant”) to lease space in Tempe, Arizona and Chino Valley, Arizona. The Tempe lease commenced on September 1, 2015, was amended on August 23, 2016 and expires on July 31, 2035 with base monthly rent $13,500, subject to a 5% annual increase and increases in rental area up to 20,000 square feet. The Chino Valley lease commenced on August 1, 2015, was amended on October 5, 2016 and expires on July 31, 2035 with base monthly rent $30,000, subject to a 5% annual increase and increases in rental area up to 25,000 square feet. For the three months ended September 30, 2016 and 2015, rental income associated with these related party leases amounted to $422,382 and $286,914, respectively. For the nine months ended September 30, 2016 and 2015, rental income associated with these related party leases amounted to $1,113,384 and $634,883, respectively. At September 30, 2016 and December 31, 2015, deferred rent receivable – related party amounted to $797,657 and $367,013, respectively. In connection with these leases, the related party tenants shall pay security deposits aggregating $60,000 payable in twelve monthly installments of $5,000 beginning September 1, 2015. At September 30, 2016 and December 31, 2015, security deposits payable to related parties amounted to $70,000 and $26,250, respectively. The parties identified a budget of $2,000,000 for developing the property and constructing the Tenant improvements. Through September 30, 2016, capitalized building improvements and construction in progress costs related to the Chino Valley and Tempe properties amounted to $611,314. As of September 30, 2016, the Town of Chino Valley has granted the Company a five year Phased Protected Development Rights Plan for the Chino Valley Property with an option to extend for an additional two year term.

XML 20 R10.htm IDEA: XBRL DOCUMENT

Stockholders' Equity

9 Months Ended

Sep. 30, 2016

Stockholders' Equity [Abstract]

STOCKHOLDERS' EQUITY

NOTE 5 – STOCKHOLDERS’ EQUITY

(A) Preferred Stock

Alter or change the rights, preferences or privileges of the Preferred Stock.

Create any new class of stock having preferences over the Preferred Stock.

Repurchase any of our common stock.

Merge or consolidate with any other company, except our wholly-owned subsidiaries.

(B) Common stock issued for services

(C) Equity Incentive Plan

(D) Stock options granted pursuant to consulting and employment agreements

Stock option activities for the nine months ended September 30, 2016 are summarized as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Balance Outstanding December 31, 2015		1,550,000		$	1.00		-	$	-
Forfeited		(300,000	)		1.00		-		-
Balance Outstanding September 30, 2016		1,250,000		$	1.00		8.93	$	500,000

Exercisable, September 30, 2016		650,000		$	1.00		8.93	$	260,000

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

+ Details

XML 21 R11.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

9 Months Ended

Sep. 30, 2016

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 6 – COMMITMENTS AND CONTINGENCIES

Legal matters

Healing Healthcare 3, Inc.; Xingang, LLC v. v. Zoned Properties, Inc., et al.; Court Filed: Maricopa County Superior Court, Arizona; Case Number: CV2015-012264; Date Filed: October 21, 2015.

Rental property acquisition

XML 22 R12.htm IDEA: XBRL DOCUMENT

Concentrations

9 Months Ended

Sep. 30, 2016

Concentrations [Abstract]

CONCENTRATIONS

NOTE 7 – CONCENTRATIONS

Rental income and rent receivable – related parties

XML 23 R13.htm IDEA: XBRL DOCUMENT

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS Common shares issued On October 1, 2016, pursuant to an engagement letter dated in October 2015, the Company issued 12,693 shares of its common stock to a Company majority owned by the Company’s CFO for services rendered. The shares were valued at their fair value of $18,405, or $1.45 per common share, which was the fair value of the common shares using the quoted share price on the date of grant. In connection with the issuance of these common shares, the Company recorded stock-based compensation expense of $18,405. Related party lease Effective October 10, 2016, Chino Valley entered into a third amendment to commercial lease agreement (the “Amendment”) with C3C3 Group, LLC (“C3C3”) and Alan Abrams. Pursuant to the terms of the Amendment, the size of the leased property was expanded and the monthly rental rate was increased effective November 1, 2016. C3C3 is owned by Mr. Abrams, a significant stockholder of the Company. Christopher Carra, a significant stockholder of the Company, is president of C3C3.

XML 24 R14.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2016

Summary of Significant Accounting Policies [Abstract]

Basis of presentation and principals of consolidation

Basis of presentation and principals of consolidation

Use of estimates

Use of estimates

Risks and uncertainties

Risks and uncertainties

Fair value of financial instruments

Fair value of financial instruments

Cash and cash equivalents

Cash and cash equivalents

Accounts receivable

Accounts receivable

Real estate tax escrow

Real estate tax escrow

Real estate tax escrow consists of funds held for the purpose of real estate taxes owed. These funds will be released as required to satisfy tax payments as due.

Rental properties

Rental properties

The Company has capitalized land, which is not subject to depreciation.

Property and equipment

Property and equipment

The Company examines the possibility of decreases in the value of these assets when events or changes in circumstances reflect the fact that their recorded value may not be recoverable.

Revenue recognition

Basic income (loss) per share

Basic income (loss) per share

	September 30, 2016		September 30, 2015
Convertible debt		200,000		200,000
Stock options		1,250,000		1,300,000

Segment reporting

Segment reporting

Income tax

Income tax

Stock-based compensation

Stock-based compensation

Related parties

Recently issued accounting pronouncements

Reclassification

Reclassification

Certain reclassifications have been made in the prior period’s consolidated financial statements to conform to the current period’s presentation.

XML 25 R15.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2016

Summary of Significant Accounting Policies [Abstract]

Schedule of antidilutive shares excluded from computation of earnings per share

	September 30, 2016		September 30, 2015
Convertible debt		200,000		200,000
Stock options		1,250,000		1,300,000

XML 26 R16.htm IDEA: XBRL DOCUMENT

Rental Properties (Tables)

9 Months Ended

Sep. 30, 2016

Rental Properties [Abstract]

Schedule of rental properties

Description	Useful Life (Years)	September 30, 2016			December 31, 2015
Building and building improvements	39	$	4,950,016		$	4,823,318
Construction in progress	-		484,617			-
Land	-		2,589,667			2,589,667
Equipment	7		23,164			23,164
Rental properties, at cost			8,047,464			7,436,149
Less: accumulated depreciation			(332,639	)		(211,556	)
Rental properties, net		$	7,714,825		$	7,224,593

XML 27 R17.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2016

Stockholders' Equity [Abstract]

Schedule of stock option activities

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Balance Outstanding December 31, 2015		1,550,000		$	1.00		-	$	-
Forfeited		(300,000	)		1.00		-		-
Balance Outstanding September 30, 2016		1,250,000		$	1.00		8.93	$	500,000

Exercisable, September 30, 2016		650,000		$	1.00		8.93	$	260,000

XML 28 R18.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details) - shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Convertible debt [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted earnings per share	200,000	200,000
Stock options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted earnings per share	1,250,000	1,300,000

XML 29 R19.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Summary of Significant Accounting Policies (Textual)
Amount of cash excess of FDIC	$ 360,000
Cash equivalents
Rental properties [Member] \| Minimum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful life of assets	7 years
Rental properties [Member] \| Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful life of assets	39 years
Office equipment [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful life of assets	5 years
Furniture and fixtures [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful life of assets	7 years
Vehicles [Member] \| Minimum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful life of assets	5 years
Vehicles [Member] \| Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful life of assets	10 years

XML 30 R20.htm IDEA: XBRL DOCUMENT

Rental Properties (Details) - USD ($)	9 Months Ended
Rental Properties (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Rental properties, at cost	$ 8,047,464	$ 7,436,149
Less: accumulated depreciation	(332,639)	(211,556)
Rental properties, net	$ 7,714,825	7,224,593
Building and building improvements [Member]
Property, Plant and Equipment [Line Items]
Useful Life (Years)	39 years
Rental properties, at cost	$ 4,950,016	4,823,318
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Useful Life (Years)	0 years
Rental properties, at cost	$ 484,617
Land [Member]
Property, Plant and Equipment [Line Items]
Useful Life (Years)	0 years
Rental properties, at cost	$ 2,589,667	2,589,667
Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful Life (Years)	7 years
Rental properties, at cost	$ 23,164	$ 23,164

XML 31 R21.htm IDEA: XBRL DOCUMENT

Rental Properties (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
Rental Properties (Details Textual) - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Rental Properties (Textual)
Depreciation and amortization of rental properties	$ 41,522	$ 33,901	$ 121,083	$ 105,345

XML 32 R22.htm IDEA: XBRL DOCUMENT

Related Party Transactions (Details)			1 Months Ended		3 Months Ended		9 Months Ended
Related Party Transactions (Details)	Sep. 01, 2015 USD ($)	Aug. 31, 2015 USD ($) ft²	Oct. 26, 2015	Aug. 20, 2014 USD ($) $ / shares	Sep. 30, 2016 USD ($) $ / shares	Sep. 30, 2015 USD ($)	Sep. 30, 2016 USD ($) $ / shares	Sep. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)
Related Party Transaction [Line Items]
Convertible notes payable					$ 500,000		$ 500,000		$ 500,000
Common stock conversion price per share \| $ / shares					$ 5.00		$ 5.00
Interest expenses - related parties					$ 8,750	$ 8,750	$ 26,250	$ 26,250
Rental revenues - related parties					422,382	$ 286,914	1,113,384	$ 634,883
Deferred rent receivable					14,934		14,934		8,909
Tempe Lease [Member]
Related Party Transaction [Line Items]
Lease expiration date		Jul. 31, 2035
Area of land \| ft²		20,000
Base monthly rent		$ 13,500
Annual increase rate on lease and rentals		5.00%
Related party lease agreements [Member]
Related Party Transaction [Line Items]
Deferred rent receivable					797,657		797,657		367,013
Security deposit liability	$ 60,000				70,000		70,000		26,250
Security deposits paid in installments	$ 5,000
Chief financial officer ("CFO") [Member] \| Employment agreement [Member]
Related Party Transaction [Line Items]
Engagement letter description			The Company shall pay to a base fee of $6,500 in cash per month of which $2,000 shall be deferred and paid upon the earlier of six months or a capital raise, and $3,500 per month payable quarterly in advance in common shares of the Company valued at the lower of the share price from the most recent capital raise or 60% of the bid price of the Company's common stock at the last trading day of the previous quarter with a minimum number of common shares issuable per month of 1,250 shares.
Chino Valley [Member]
Related Party Transaction [Line Items]
Lease expiration date		Jul. 31, 2035
Area of land \| ft²		25,000
Building improvements and equipment					2,000,000		2,000,000
Construction progress costs					611,314		611,314
Base monthly rent		$ 30,000
Annual increase rate on lease and rentals		5.00%
Senior convertible debenture [Member]
Related Party Transaction [Line Items]
Convertible notes payable				$ 500,000
Interest rate of convertible notes payable				7.00%
Maturity date of debt				Aug. 20, 2017
Debt conversion description				The holder has the option after 12 months to convert all or a portion of the Debenture into shares of the Company's common stock at the conversion price of $5.00 per share.
Common stock conversion price per share \| $ / shares				$ 5
Accrued interest payable					$ 73,791		$ 73,791		$ 47,542
Senior convertible debenture [Member] \| Preferred stock [Member]
Related Party Transaction [Line Items]
Ownership percentage				50.00%

XML 33 R23.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Details)	9 Months Ended
Stockholders' Equity (Details)	Sep. 30, 2016 USD ($) $ / shares shares
Stockholders' Equity [Abstract]
Number of Options Outstanding, Beginning balance \| shares	1,550,000
Number of Options Outstanding, Forfeited \| shares	(300,000)
Number of Options Outstanding, Ending balance \| shares	1,250,000
Number of Options, Exercisable \| shares	650,000
Weighted Average Exercise Price, Beginning balance \| $ / shares	$ 1.00
Weighted Average Exercise Price, Forfeited \| $ / shares	1.00
Weighted Average Exercise Price, Ending balance \| $ / shares	1.00
Weighted Average Exercise Price, Exercisable \| $ / shares	$ 1.00
Weighted Average Remaining Contractual Term (Years), Outstanding	8 years 11 months 5 days
Weighted Average Remaining Contractual Term (Years), Exercisable	8 years 11 months 5 days
Aggregate Intrinsic Value, Beginning balance \| $
Aggregate Intrinsic Value, Forfeited \| $
Aggregate Intrinsic Value, Ending balance \| $	500,000
Aggregate Intrinsic Value, Exercisable \| $	$ 260,000

XML 34 R24.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Details Textual) - USD ($)												1 Months Ended				3 Months Ended		9 Months Ended		12 Months Ended
Stockholders' Equity (Details Textual) - USD ($)	Oct. 01, 2016	Sep. 01, 2016	Aug. 09, 2016	Jul. 15, 2016	Mar. 31, 2016	Feb. 01, 2016	Jan. 27, 2016	Jan. 08, 2016	Sep. 01, 2015	May 06, 2015	Dec. 13, 2013	Aug. 23, 2016	Apr. 30, 2016	Dec. 30, 2015	Jul. 01, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Stockholders Equity Textual [Abstract]
Preferred stock, shares authorized																5,000,000		5,000,000		5,000,000
Preferred stock, par value																$ 0.001		$ 0.001		$ 0.001
Preferred stock, shares issued																2,000,000		2,000,000		2,000,000
Shares per price												$ 1.50
Subscription receivable
Issued shares of common stock, Shares																				1,000,000
Issued shares of common stock, Value
Aggregate shares of common stock												10,000
Common stock issued for services, Fair value												$ 15,000
Cash paid																			$ 2,250
Convertible note payable - related party																$ 500,000		$ 500,000		$ 500,000
Common stock shares issued to to Marc Brannigan																17,181,375		17,181,375		17,080,850
Common stock value issued																$ 17,181		$ 17,181		$ 17,081
Common stock, par value																$ 0.001		$ 0.001		$ 0.001
Aggregate intrinsic value
Capitalize costs as part of construction in process												$ 15,000
Remaining shares valued using the quoted share price, shares												10,000
Number of Options Outstanding																1,250,000		1,250,000		1,550,000
Stock options granted pursuant to consulting and employment agreements [Member]
Stockholders Equity Textual [Abstract]
Stock-based compensation																	$ 37,387		80,690
Number of options outstanding, Granted										1,000,000				250,000				300,000
Expected dividend yield														0.00%	0.00%			0.00%		0.00%
Expected volatility rate														120.00%	120.00%			120.00%		120.00%
Risk-free interest rate														2.31%	2.25%			1.50%		1.50%
Fair value of options														$ 237,150	$ 948,400			$ 248,100
Estimated period														10 years	10 years			5 years		5 years
Consulting expense																$ 54,166	227,488	$ 245,637	$ 497,696
Exercise Price										$ 1.00				$ 1.00		$ 1.00		$ 1.00
Options vested description														The option vests as to (i) 25,000 of such shares on December 30, 2015, and (ii) as to 25,000 of such shares on December 30, 2016 and each year thereafter through December 30, 2026.	The options vest as to 125,000 of such shares on July 1, 2015 and for each quarter thereafter through April 1, 2017, and expire on May 5, 2025 or earlier due to employment termination.			The options vested as to 50,000 of such shares on August 1, 2015, and 50,000 options were to vest on May 1, 2016 and for each year thereafter through May 1, 2020, and expire five years from the date of grant or earlier due to employment termination.
Number of vested shares								62,944										650,000	450,000
Number of non-vested shares cancelled								250,000					50,000
Aggregate intrinsic value																		$ 500,000
Unvested stock-based compensation expense																		$ 211,827
Employee Stock Ownership Plan (ESOP), Compensation Expense														$ 23,715
Number of Options Outstanding																1,250,000		1,250,000
Common stock issued for settlement [Member]
Stockholders Equity Textual [Abstract]
Aggregate shares of common stock				50,000												25,000		25,000
Sale of stock, Description				(a) 12,500 shares were issued within three days from execution of this Settlement Agreement, (b) 12,500 were issued on September 30, 2016, (c) 12,500 shares shall be issued on December 30, 2016, and (d) 12,500 shares shall be issued on March 31, 2017.
Connection with this consulting agreement, Description				On the measurement date of July 15, 2016, the Company valued the 50,000 shares issuable using the quoted share price of $1.75 per common share and recorded settlement expense and an accrued expense of $87,500.
Consulting expense																$ 43,750		$ 43,750
Architectural and Design Services Company [Member]
Stockholders Equity Textual [Abstract]
Shares per price						$ 4.50
Aggregate shares of common stock						30,000
Common stock issued for services, Fair value						$ 45,000
Engagement letter agreement description						Pursuant to the agreement, the Company shall issue 10,000 shares of common stock immediately and 20,000 shares of common stock at the completion of the engagement.
Capitalize costs as part of construction in process						$ 45,000
Remaining shares valued using the quoted share price, shares						20,000
One Year Consulting Agreement [Member]
Stockholders Equity Textual [Abstract]
Issued shares of restricted common stock		3,750			7,500
Shares per price		$ 1.40			$ 5.34
Common stock issued for services, Fair value		$ 5,250			$ 40,050
Stock-based consulting fees		$ 5,250			$ 40,050
Connection with this consulting agreement, Description		1) cash of $5,000 per month and 2) 3,750 common shares per quarter to be issued at the beginning of each quarter.							1) cash of $5,000 per month and 2) 7,500 restricted shares to be issued within the first thirty days of the contractual period and an additional 7,500 shares of restricted stock to be issued at the end of month seven.
2016 Equity Incentive Plan [Member]
Stockholders Equity Textual [Abstract]
Issued shares of common stock, Shares			10,000,000
Terms of plan			The 2016 Plan's purpose is to encourage ownership in the Company by employees, officers, directors and consultants whose long-term service the Company considers essential to its continued progress and, thereby, encourage recipients to act in the stockholders' interest and share in the Company's success. The 2016 Plan authorizes the grant of awards in the form of options intended to qualify as incentive stock options under Section 422 of the Internal Revenue Code, options that do not qualify (non-statutory stock options) and grants of restricted shares of common stock. Restricted shares granted pursuant to the 2016 Plan are amortized to expense over the three-year vesting period. Options vest and expire over a period not to exceed seven years.															The Company also continues to maintain its 2014 Equity Compensation Plan (the "2014 Plan"), pursuant to which 1,250,000 previously awarded stock options are outstanding. The 2014 Plan has been superseded by the 2016 Plan. Accordingly, no additional shares subject to the existing 2014 Plan will be issued and the 1,250,000 shares issuable upon exercise of stock options will be issued pursuant to the 2014 Plan, if exercised.
Future issuance shares																10,000,000		10,000,000
Number of Options Outstanding																1,250,000		1,250,000
CFO [Member]
Stockholders Equity Textual [Abstract]
Aggregate shares of common stock																		14,275
Common stock issued for services, Fair value																		$ 47,734
Stock-based compensation																		$ 47,734	$ 0
CFO [Member] \| Maximum [Member]
Stockholders Equity Textual [Abstract]
Shares per price																$ 2.54		$ 2.54
CFO [Member] \| Minimum [Member]
Stockholders Equity Textual [Abstract]
Shares per price																$ 5.34		$ 5.34
CFO [Member] \| Subsequent Events [Member]
Stockholders Equity Textual [Abstract]
Shares per price	$ 1.45
Aggregate shares of common stock	12,693
Common stock issued for services, Fair value	$ 18,405
Stock-based compensation	$ 18,405
Board of Directors [Member]
Stockholders Equity Textual [Abstract]
Preferred stock, shares authorized											5,000,000
Preferred stock, par value											$ 0.001
Preferred stock, voting rights											The holders of the preferred stock are entitled to fifty (50) votes for each share held.
Preferred stock outstanding transactions											At least 51% of the total number of shares of Preferred Stock outstanding
Shares per price							$ 4.50
Aggregate shares of common stock							30,000
Common stock issued for services, Fair value							$ 135,000
Stock-based compensation							$ 135,000
Chief executive officer [Member] \| Stock options granted pursuant to consulting and employment agreements [Member]
Stockholders Equity Textual [Abstract]
Stock-based compensation																$ 16,772	$ 0	$ 50,317	$ 0

XML 35 R25.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Details) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended
Commitments and Contingencies (Details) - USD ($)	Apr. 22, 2016	May 23, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Commitments and Contingencies (Textual)
Seek paid per day		$ 10,000
Settlement expense					$ 87,500	$ 67,500
Purchase price of property	$ 499,857				2,534	$ 6,961
Payment terms of purchase agreement	Of the total purchase price, $274,857, or 55%, will be paid in cash at closing and $225,000, or 45%, will be financed by Seller at an interest rate of 6.5%, amortized over a five-year period, with a balloon payment at the end of the fifth year.
Refundable deposit into escrow	$ 45,000		$ 106,971		$ 106,971		$ 46,072
Settlement Agreement [Member]
Commitments and Contingencies (Textual)
Common of stock, Description					On July 15, 2016, the parties entered into a Confidential Settlement Agreement and Mutual Release (the "Settlement Agreement"), whereby the Company agreed to issue an aggregate of 50,000 shares of its common stock as follows: (a) 12,500 shares were issued within three days from execution of the Settlement Agreement, (b) 12,500 were issued on September 30, 2016, (c) 12,500 shares shall be issued on December 30, 2016, and (d) 12,500 shares shall be issued on March 31, 2017.

XML 36 R26.htm IDEA: XBRL DOCUMENT

Concentrations (Details) - USD ($)	3 Months Ended		9 Months Ended
Concentrations (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Concentration Risk [Line Items]
Rental revenues - related parties	$ 422,382	$ 286,914	$ 1,113,384	$ 634,883
Deferred rent receivable - related parties	$ 797,657		$ 797,657		$ 367,013
Total revenues [Member]
Concentration Risk [Line Items]
Percentage of rental income related parties	87.80%	70.30%	86.20%	68.80%

XML 37 R27.htm IDEA: XBRL DOCUMENT

Subsequent Events (Details) - Subsequent Events [Member] - CFO [Member]	Oct. 01, 2016 USD ($) $ / shares shares
Subsequent Events (Textual)
Common stock issued for services, Shares \| shares	12,693
Common stock issued for services, Fair value	$ 18,405
Common stock price per share \| $ / shares	$ 1.45
Stock-based compensation	$ 18,405

EXCEL 38 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( '2&;DDL&7F%G0$ ,P2 3 6T-O;G1E;G1?5'EP97-= M+GAM;,V874_",!2&_PK9K6&E5?$CP(UXJR3Z!^IVQAK:M6G+@']O.]#H,@TH M2\[-/GA/S_MNIWLNF+SN#+C!5LG*39/2>W-/B,M*4-REVD 5E$);Q7VXM4MB M>+;B2R!L-!J33%<>*C_TL4ZCK4 M12$RR'6V5F%)ZH,U7 0]&2RX]4]/XJ26\A?O WS[?XVOA;TER/. MM;G^:>B-Z$ASZA$2)^5@2')<(LEQA23'-9(<8R0Y;I#DN$62XPY)#CK"$@0+ M42D6I%(L3*58H$JQ4)5BP2K%PE6*!:P4"UD9%K(R+&1E6,C*L)"582$KPT)6 MAH6L[).LI/D3:_8.4$L#!!0 ( '2&;DE(=07NQ0 "L" + 7W)E M;',O+G)E;'.MDLMNPD ,17\EFGUQ2B46$6'%AAU"_( [XSR4S'CD,2+]^X[8 M@,)#K<32KWN/KKP.J:P.-*+V'%+7QU1,?@RIROW:=*JQ DBV(X]IP9%"GC8L M'C67TD)$.V!+L"S+%4EK0VTPAGEN&;>5ADZ3SX MB?078VZ:WM*6[13@2=&AXD7U(V8# M$NTIO8+Z>@"%,;X[)9J4@B,WHX*[O]C\ E!+ P04 " !TAFY);;-OU%X! M !^$0 &@ 'AL+U]R96QS+W=OOI1#11>/>HCT74!@:?P__638MS[; M/\/:15"OS/&YY4TUL^Z7MIAM>A<8\/PZ$K3V_QJ M2S&<92OCIG/2X_[G[.1\.:3N?*$T>;&NE'!(WSIW]95(\&:\T6S88%B^]_*? M[;NBJ',Y=?EK(VWXH\)\;9":>!#'@Q@2-(\'S2%!BWC0 A*TC - * M$K2.!ZTA09MXT 82M(T';2%!E"DR9I@D#6N,UJ1P31BO20&;,&*30C9AS"8% M;<*H30K;A'&;%+@)(SK.C-&+U9T9M!9VWML(W1FQ6]&:,W M*WHS1F]6]&:,WJSHS1B]6=&;,7KS1&]?62>7Y^#JMO2/KODV7"V:X.W#_2:/ M3QFGJI_8$ZW#L).8\?IP%,>IGR'FUZ^6XP=02P,$% @ =(9N20S>"4Q? M @ A @ ! !D;V-0&ULO5913]LP$/XK5E[&'D9*Q\96 ME4BL5-JD;45KQIX/Y]):.':P+Q7EUW-Q(*30%MJ']:7G\_>=[[X[NQT:WQM< M.%NB(X5>W!;:^ $[3Z,Y43F(8R_G6( _9(CAW=RZ HB7;A;;/%<2SZVL"C04 M]WN]SS'>$IH,LP]E&S1*AO4I9V6IE012UB2_E'36VYS$^%:B'L;/ 8'!D:J:.YJ#F6'6Q;[*S-TV@!3H&A2'AU MQ\M^U!S;>(.M2T\N^6?=M9\CDA_&K3.876S75L=)_R0@V%I%QFUER8-L*W77 MGE211C_)+\#1?Y(BU-0*<1)UJG\,(S!^;@+9TK\Q3GOP?FTEC-Q,S#J+A0<=/@-5#D4-A<3 M'OJUG&E5%."6-6:J9D9Q.W@ Q)F4MF(5UW+^L,Z@Q=,CM0&E0\KU?"Q%ZL!X MD'5JZ^%3LO)Z;G7&M^V=&-]4W,$-RA2%HKK7/A3)^A!/)AJY*1-&2(8[V')Z M=>7QIJH':+RH0^\NUM'Q'ISUC7PAL#A(X8IOV_LW2_<*8VM27_;@?'UK(>=( MH/2&O#;C1O^;.W.U[] MSY'< U!+ P04 " !TAFY)\D[=<#X! !I P $0 &1O8U!R;W!S+V-O M&ULS9--3\,P#(;_"NJ]R[+!D*JN!T"R*U8 YN,QS-F (42*-@!F/N>F%6EDH4,(-"%#J]DC_>[4!-, M208U&+ 8&1]QEE7/=FM=8TLVZ*LR.:Y%Q(53>J5!W;1#V>]4ZHP03#S*0?7M MZ>^?'BC#LJYR'W5?U33-J)E271J8L]?%PQ.=3:YM1&$E)%74!;8>YME7YY?I M[=WR/JLF8S[+.<_YY9+/BBM>3*[?#I.=^!L,FVZ(?^OXRR!M%S76<.9N2:-H MN?1)( 51!NU1.WL6CC#?Q 2+N_M;.U" M>TS]B$Y>5?4)4$L#!!0 ( '2&;DF97)PC$ 8 )PG 3 >&PO=&AE M;64O=&AE;64Q+GAM;.U:6W/:.!1^[Z_0>&?V;0O&-H&VM!-S:7;;M)F$[4X? MA1%8C6QY9)&$?[]'-A#+E@WMDDVZFSP$+.G[SD5'Y^@X>?/N+F+HAHB4\GA@ MV2_;UKNW+][@5S(D$4$P&:>O\, *I4Q>M5II ,,X?+&A T%116F]?(+3E'S/X%/F7/Z3H=,H%N,!M8('_.;Z?D3EJ(X53"Q,!J9S]6:\?1 MTDB @LE]E 6Z2?:CTQ4(,@T[.IU8SG9\]L3MGXS*VG0T;1K@X_%X.+;+THMP M' 3@4;N>PIWT;+^D00FTHVG09-CVVJZ1IJJ-4T_3]WW?ZYMHG J-6T_3:W?= MTXZ)QJW0> V^\4^'PZZ)QJO0=.MI)B?]KFNDZ19H0D;CZWH2%;7E0-,@ %AP M=M;,T@.67BGZ=90:V1V[W4%<\%CN.8D1_L;%!-9ITAF6-$9RG9 %#@ WQ-%, M4'RO0;:*X,*2TER0UL\IM5 :")K(@?5'@B'%W*_]]9>[R:0S>IU].LYKE']I MJP&G[;N;SY/\<^CDGZ>3UTU"SG"\+ GQ^R-;88C'(CN]WV6'WV3T=N(]>IP+,BUY1&)$6?R"VZ MY!$XM4D-,A,_")V&F&I0' *D"3&6H8;XM,:L$> 3?;>^",C?C8CWJV^:/5>A M6$G:A/@01AKBG'/F<]%L^P>E1M'V5;SC MFED)O816:I^JAS0^J!XR"@7QN1X^Y7IX"C>6QKQ0KH)[ ?_1VC?"J_B"P#E_ M+GW/I>^Y]#VATK\>WZV22$KYI9+2,6D$N!LT$DN/R+RO JQ GH9%LE" M0AMNZ5/U2I77Y:^Y*+@\6^3IKZ%T/BS/^3Q?Y[3-"S-#MW)+ZK:4OK4F.$KT ML@'37[]EUVY".E,%.70[@:0KX#;;J=W#HXGIB1N0K3 M4I!OP_GIQ7@:XCG9!+E]F%=MY]C1T?OGP5&PH^\\EAW'B/*B(>ZAAIC/PT.' M>7M?F&>5QE T%&ULK"0L1K=@N-?Q+!3@9& MH >#KU$"\E)58#%;Q@,KD*)\ M3(Q%Z'#GEUQ?X]&2X]NF9;5NKREW&6TB4CG":9@39ZO*WF6QP54=SU5;\K"^ M:CVT%4[/_EFMR)\,$4X6"Q)(8Y07IDJB\QE3ON>;G*YZ(G;ZEW?! M8/+]<,E'#^4[YU_T74.N?O;=X_INDSM(3)QYQ1$!=$4"(Y4U#VT%SU&\Z.9X!ZSAW.;>KC"1:S_6-8>^3+?.7#;.MX#7N83 M+$.D?L%]BHJ $:MBOKJO3_DEG#NT>_&!()O\UMND]MW@#'S4JUJE9"L1/TL' M?!^2!F.,6_0T7X\48JVFL:W&VC$,>8!8\PRA9CC?AT6:&C/5BZPYC0IO0=5 MY3_;U UH]@TT')$%7C&9MC:CY$X*/-S^[PVPPL2.X>V+OP%02P,$% @ M=(9N2:7K+1;^ MX^7M'+^P"Y<0.(Y/>0R#\!IZIY,N??\XL5FP0U3[!\8]$U1(H/1!: T6X8AAYW&'*$DE,6"!&*%[!Z\,8,^N M\V.$"VESNPSS/$M_S"3+-(9^]YR>+AW9[6"V1R@]W)X&DJA"2F')UWH".GNS MK_3FN.#8B;1^SWB7$NV#U?4DP XZ;RIDCN60.8 ]E$04%TH'2%)NS:A$9:0+ MI0331DY0*3BBAK*/Z Q-FV%*'\R;\JTXX&X+X'S,&?L0&!6]J0O1F>,UL$7U MIFR.>TKKOXH7M,600$>CJJ+[CY24G&$GUD%KTHP^.T"<1ZEG!5DCRI/W- M1<@T@"4$.RP5R:;(#XFJ#6Y5=X.]MCBF\+5;_IN:_GS51C7Z"O[K\OS7Y-.S ML:\AG.DYX2CN&Y9BN;:]^>7"KF[.59GYL)VMM/!\I?WN@7I=^YWT^(,./Z @ M;0A5A/<:D/DFWQO=]*#YCMU=<^;MV-CMJD*I_MTZR*+)478SA M:'\V\H-P\-H,%#$<[2\X)PU[;Q6,_W3)3U!+ P04 " !TAFY)8+)O8!D# M #Y"0 #P 'AL+W=O M*Z7=T.;)POMZV.FX8@&5=-],#9J>S8RMI*=+.^^8V0P+.#=%4X'VG:S;'70L M*.G1:+? VB4O-/<1FJLMR-(M 'RE5K!*HDY.CMUPA@INP3H""UG7E[*"/'E4 MB5#2^5&)'LH\Z=&E6<+&#=O4IPVJ<-'O]I-.@*U#O;:B,"6L8),%NK\O#Q)1 MPDPVRD]HLNOOYDF:];)LL&*$UVX1EHX#PPTA"X\/,)'3/.DF0C;>_$#EP9Y+ M#S^M:6K4- . MHB^X_W=HCAZ+C1>]G-Z$2N3)H$O !W0X187^*4_:(7,;IO2#^N7)<[UXU5IJK0!W]=FT^JCZCN*0IMS2- M:+HEA=BC)4F!^\HI7-$TYFBDME$05S2-.+H[LD..XLJF$6=WHXXXBIN;1M2- M).DL )^=M\ *?]S#6$(/XV9!! M.'.@G3\P]JX7WT_;(-(^D)8]*VVI)2_CT:_=341'=^M_[5A*O< M/V!!]JS]U9QDK;R- G B9WQMY1L;OI$QAE0;/+)6F"\X7H5D]$X) ,4?=FPZ M,P[V3Q*/-#\!C00T$5#V7T(\$N*) !,3J?7,Q/4%2UR5G U ]%C?-GQ6<*Z- M*,M !2/,TAR7W;U541G>M)D98F<1R"#@A B5;:\ F@OLD$-'/H&]BXC7!>)% M!+&AQX:>K-.3!3TQ],304^\!N(AL72!="*0./9\+=%; (C)[PB@O,A2MRV0+ MFU'S%@H.2R2*%M&%#K/'R7\8MJ" $=V[:1]YZ;=J?6\ M(/-\?L*KLL<7\@/S2],)<&!2/<+F_3TS)HER)7I2-5NKYC@M6G*6>IJK.;?M MPBXDZ^_=;VK!U5]02P,$% @ =(9N20+E,NK! P -1$ !@ !X;"]W M;W)KUWJRKU[8XGOS7.FE>RS*O?VU]45T>5[!Z/_'M^')HNQ/I9IU>ZW;'TI^: M8W5*:K]_7'V$AXS;+M(G_CWZ2X/VDP[^J:J^=P?_[!Y7K&/PA7]NNR;RL'GS MF2^*KJ5PY1]CH[^OV17B_??6/_?=#?A/>>.SJOCON&L/@9:MDIW?YZ]%^ZVZ M_.W'/JBNP>>J:/K_R?-KTU;E>\DJ*?.?P_9XZK>7X1/+QC*Z@(\%_%H \F:! M& M$5) .9'V_/N5MOEG7U25ISGEWM^$AQ.NND=!R$CK3](?]< UGWS:+J%[T]7*H5U/$T]")(6+Z MB&;.0S) MH]!U0#HA21J!IDU@H+"YAB@P)6J%APOR%V*&")"EJB8V: Y<"Z/[I7MX+S3+%( 9M4T"8% MK$AU ^E&;IXH5BE@EPK:I: 6$MW(S1/%1@6L5$$K%29.E6H.*'*J,PMX8J<" MEJJ@I0H3JTH#0'_?3'*.,[ED8L=>!2Q628L5L#)-Z#GMLDDLV%)E2S3P5TZC0+DAO@5QY+%>.Y:IHEW$L3>5T& 6R ]DT&.#5 MDN40C_W*L5_I1>!VS)B[RZ%ID%P.I>@%]YR_^"]Y_7(\-5]5 MK0_-L0]A/AQ\OKL>%'[?=KLF[-?#6_UPT%;G]Q\IKK^4;/X'4$L#!!0 ( M '2&;DD4?_&:-0( #$( 8 >&PO=V]R:W-H965T&UL MC9;;DIHP'(=?A>$!E@3DH(/,5#J=]J(S.WO17D>-PFP@-(FR??OF@#:F@>J% M)/'[_?.%4RQ'RMYY@[$(/CK2\VW8"#%LHH@?&MPA_D('W,M?3I1U2,@N.T=\ M8!@==:@C40Q %G6H[<.JU&.OK"KI19"VQZ\LX)>N0^SW#A,Z;D,8W@;>VG,C MU$!4E=$]=VP[W/.6]@'#IVWX"6YJJ!%-_&CQR*UVH.3WE+ZKSK?C-@3* 1-\ M$*H$DH(EZ@NR7="VRKV6\&GK>#_K2+KY3Z@,_Z.V+GM>;"G0NX3>HLX42JPK =>Y./: MR/W[WB'X)%0SEVUF=C33$72X;=#W?PG5'U!+ P04 " !TAFY)=='RU&4% M !F&@ & 'AL+W=O5'=?I5;\JRF?W>[P[UXWS3-,>'Q:)^WI3[HKZOCN7!_^6E.NV+QO\\O2[J MXZDLUEW0?K?@C.G%OM@>YJME=^W[:;6LWIK=]E!^/\WJM_V^./V7E+OJXW$. M\_.%']O73=->6*R6BTO<>KLO#_6V.LQ.YLOEL7;X4;[OF1_7Q9SEH4&V#S]6N[OZ?/;_53;4_A\QG M^^)W_[D]=)\?_5\,&\+H #X$\$O Y3YT@!@"Q&> O!H@AP Y]0YJ"%#1'1:] M]F[DLJ(I5LM3]3&KCT4[G^#!XZ>V$=_RS ]7W?WL$M)??5]IL5R\M^T$2-(C MO$'T[ M7D;QLHN7?;P)NWCH1Z)'3(>4(K5A3#/)Z=;RX*8,@#%[6QRP>.5G6!XYP9*!&2:LT8Y^9@-,._]TD_(" M#)1/'>L@@F++7RI;(#UD7,N&9A!GP!!K[Z^-8'SFADH$9'@/A@$QS&F!:6GH%SP),22?)QST/,&"234I?7&Q! M8'F:EB>P/%\'R?%.0\P:1:\L ::%HPM4'F!*:SZA7$)L!0![ 1/UY^R[,"/I M17-@^LY8T$"UE$UH*0]:4D)-63 AM@& ?4!N*'0!@"V!H"P Z6"284>2D30-..X-7[T!?X *D\LOOR(0,0.N< M1B,VKC$V F"01DL.9C(PPZT$DW0A2P/NSIM*)\@&LQ $[]!H@Y6'H#-:H32, MBXS="EAD=^R4*1Z; L"N@%XB$L 5^J[U@R/K;L@Y1D^M+.1 2C$V2A&H!)]@ M"7EL#3BV!I:V!AP7Z;OV^2,E3L.R$..:TUQ^C1O7%UL#CJU!O'$X[TGA]C)U ME3DK@R E5I*;['RLJ7%1L1_@V ]8#8 M!%A-:Q(3--UFLJO,61.N_5),6(%X7/DYKL66/@7@N!;?*6UI>YY&G!DY+\A" M#@R7(Z4D K7U'G:"QM@&<%R^+7T>@&-/8!T]-_6$N7F;R28P^1@SKBAV !P[ $<[@($QM]*&L:MI M"\$K:0O Z6F+'0#'#F#2[(X= ,<.(-["GA/O;BXFZ<"X7A&[9_2N>1J6?\$F M;+I$7/@%PX,SX:A,Q*55P)7!&>:0"/:_QF_;.*?/32+2<0:TS<_B-H4&29^> MA*25?I?^Y<1S@0[1]^7IM7M]4<^>J[=#TP_/Y>KE%$B!N)[! M0]Z_ /EL?K4\%J_EW\7I=7NH9T]5TU3[[M3_I:J:TG>=W?M!WY3%^O)C5[XT M[5?39J-_#=+_:*KC^:W.Y=72ZG]02P,$% @ =(9N26@\CTJ]! PA8 M !@ !X;"]W;W)K=??-L^;]MP4^7X, MJLH-*A5MJOQX6N^VX[/OS6Y;OW3E\51\;U;M2U7ES7]I4=:7^S6LKP]^')\/ MW?!@L]MN;G'[8U6"C*XK$;FLC[G]O![C]10?<8NG:1"3Q(Z23T0F(9!T&=,!: -6?6S( M>(:,.R#[<7SDQ4?N@&)Q0),DFEXJF@24.!XF@YX :.QGAOKNDE$-];I!C%6 M1*(;5V:,4@%F8L],[)@!)0XZC9UN-%DC3XVK&KP$F$D\,PDS(ZZH-'&GAD@I M<08S5V9L3''TL1U0/@P4,X2BH5DTKXE8DYC3K"FM \R\(Q,X+:"5O8#CY5.D MT(B3PV6 UL8!AM WA*XA.:UFS=R3)A5I+5MB0D@P0@SPY*,/7/:!HH F?/J! MBS^4\W/6W.8YEO,XXSI4L0T9E(\_,&P9BA.8SJ*Y*Y/$L4QDKM.* C8(\($* M+E%)W,52IEEZZQ%[ZQH#]E/P>0HN4&EA';JH)&N5#%0FTTJK@,T&?*2"RU1: M6$ Q1[>5FG*KA8U3+B@6%5H5Y8SPE;]Q %^$&?JLA0*%,>7:AB M8E!^7UR&2120\.B#%8&EEXC,%#DR(<9$?F5GG MW^R'%@I(UP\I-L5H0MSX."2&0S"R&PAPXY(P2:P-LN.#D)#9D3]'B56/D85( MK@,R)L2DW^D"%A"]^\!F9 69K.0"$S &'2W,$Q.J***0;9Y\M!)#*\AU$+G8 MC%02HSBA&=,!F9B<"G?9DX]7,BQ90YKPJ4B,BBA3D=AWN=84R?6+IS.$(<)<1%!SA#[FPR9]XPES;(5GX;$:!BTF'T:$J.A7&BEE+!UHQ8V05J YO+1 MD\]"S5B(,@MU MGC9U?=9]6[[X&-\[18%4TS^.1:;MZK%].W73^=GMZ.Y;] M@L/1HO<\A;ML.EQ]:V:W/>?/Q5]Y\WP\M:N'NNOJ:CRS?*KKKN@=JL]]&PO=V]R:W-H965T&ULA5/+;MLP$/P5 M@A\0RK2"4-O%KB!JV%_;<'A>..KNBI\";;SL<"*PNV\&JIP3B)AEAH M=O1IM=WG$9$ OR6,[BPFT?L!\3TF/^L=S:(%4%#YJ"#"',I3=-/U6.YXIN"':/0!68_8?B$61 LJ-]LP2];[/D9G7]-7U\Y7"?Z M>G9X_[5 ?B60)X%\%GBX.>(EYO&J"3O;4PVV35?'D0H'XZ?-6ZK+[7SBZ4P^ MX671BQ9^"=M*X\@!?3C9=*@-HH=@(KO;4-*%][,D"AH?PX<0V^E*38G'_O1 MEE=:_@=02P,$% @ =(9N23/=.(:A 0 L0, !@ !X;"]W;W)K1I"0KLNP34UQH6E>Q]FSJ"BCXBO(?G9 M[FD6+("$Q@4%[I<3/(&40<@W_KMHOK<,Q,OXK/X]3NO='[F%)Y1_1.L&;S:C MI(6.3]*]X/P#EA&V0;!!:>.7-)-UJ,X42A1_2ZO0<9W3GVVYT.X3BH50K(0O M632>&D6;W[CC=65P)G;DX>SRG8>;(.*5B?=F8QJG3]53G1=?*W8*0E>80\(4 M";,BF%>_VZ*X;G$H+NC%Q_3-C<--I&]2]TWVL4!Y(U!&@7(1R.^.>(VY=/5L:3!2;NT>6MUO9V/13R3=WA=C;R'7]ST0EMR1.=/-AYJA^C F\@> MMI0,_OVLB83.A?"SCTVZ4BEQ.)X?R/I*Z_]02P,$% @ =(9N26PJ=Q6B M 0 L0, !@ !X;"]W;W)KP6]\X-&T)LW8-D]D8/H/R?5AO)G$]-1^Q@@#61) 6A679+).,* M5V6LO9BJU*,37,&+07:4DIG/'0@];?$*'PNOO.M=*)"J) NOX1*4Y5HA ^T6 MWZTVNR(@(N ?A\F>Q"AXWVO]%I+G9HNS8 $$U"XH,+\WVGBX"2)> M&7EO-J9Q^E0]5*L\+\DA")UA=@E#$V9!$*]^M04];[&C)W3Z,SV_<)A'>CX[ M+'X6*"X$BBA0S +KJR.>8VXOFI"3/95@NGAU+*KUJ%S:O*6ZW,X[&L_D&UZ5 M ^O@+S,=5Q;MM?,G&P^UU=J!-Y'=K#'J_?M9$@&M"^$O'YMTI5+B]'!\(,LK MK;X 4$L#!!0 ( '2&;DED:1* HP$ +$# 8 >&PO=V]R:W-H965T M&ULA5/;;J,P$/T5RQ]0$Z!M-B)(35=5^[!2U8?NLP,#6+4] MK&U"]^]K&T*3*%)?\,QPSIDSOA0CF@_; 3CRJ:2V6]HYUV\8LU4'BML;[$'[ M/PT:Q9U/3$!'P+F"T)S$)WO>('R%YJ;1')S M2TGGW\^22&A<".]];*8K-24.^^,#65YI^0502P,$% @ =(9N28,AO/FA M 0 L0, !D !X;"]W;W)K&ULC5/+;MLP$/P5 M0A\0ZI4V,&0!<8J@.00(&7A \9>W=G!FTX2TT+%)V%>0KX2X-QF.C8/,7LZRN-,[$C,R?7;9Q<.U% MG#)QWDQ(P_2Q>JBS,JOHP0N=8781DT?,BJ!._6J+_+S%+C^AY]_3BPN'1: 7 MB\/_$"@O!,H@4"X"Q=41SS'E11-ZLJ<2=!^NCB$-3LK&S5NKZ^V\#X=(O^!U M-;(>GIGNN3)DC]:=;#C4#M&",Y'>W"9D<.]G301TUH<_7:SCE8J)Q?'X0-97 M6G\"4$L#!!0 ( '2&;DF)C4HHH0$ +$# 9 >&PO=V]R:W-H965T MZH&32P)I"DH'F:WE+)N$JJ,M3>=%7B: 57\*:)&:5D^M\.!$[; M)$N.A7?>]=87:%72A==P"LLVN\(@ ^. PF9.8>.][Q"^?O#3; M)/460$!MO0)SRP$>00@OY!K_G35_6GKB:7Q4?PK3.O=[9N 1Q2=O;._,I@EI MH&6CL.\X/<,\PMH+UBA,^))Z-!;ED9(0R;[CRE58I_BGR&;:=4(^$_*%<)\& MX[%1L/F'65:5&B=B!N;/+MLXN/8B3IDX;R:D8?I8/519L2[IP0N=8781DT?, M@J!._6J+_+S%+C^AY[_35Q<.5X&^FAW>_BY07 @40:"8!>ZNCGB.N;]H0D_V M5(+NPM4QI,91V;AY2W6YG0]Y.),?>%4.K(-7ICNN#-FC=2<;#K5%M.!,I#?K MA/3N_2R)@-;Z\,[%.EZIF%@:75?U!+ P04 " !TAFY)*A-]H:$! M "Q P &0 'AL+W=OP6]\X-&T)LW8-D]D8/H/R?5AO)G$]-1^Q@@#61) 6A679+).,* M5V6LO9BJU*,37,&+07:4DIG/'0@];7&.CX57WO4N%$A5DH77< G*]UJ_A>2YV>(L6 !M0L*S"\'N >-Z;S;#J(&6C<*]ZND)YA'60;#6PL8OJD?KM#Q2 M,)+L(ZU&D6;#\RQJC1Z0G9@X>SRC8>;(.*5 MD?=F8QJG3]5#E1=_2G((0F>87<+0A%D0Q*M?;4'/6^SH"9W^3%]=.%Q%^BIU M7V<_"Q07 D44*&:!_.J(YYA+E^1D3R68+EX=BVH]*I&ULA5/+;MLP$/P5@A\0RK2"4-O%CB!JV%_;<'A>.. MKNBI\"K;SL<"*PNV\&JIP3B)AEAH=O1AM=WG$9$ ?R2,[BPFT?L!\2TFO^H= MS:(%4%#YJ"#"T2I/6%$6%D?B>A'/;K4-G:8?RV07PGD22"?!38W1[S$W%\U86=[ MJL&VZ>HX4N%@_+1Y2W6YG0\\G;#K5!]!!,9'<; M2KKP?I9$0>-C^"W$=KI24^*Q/SV0Y966_P%02P,$% @ =(9N2:CVL\2# M @ (0H !D !X;"]W;W)K&ULC5;;CILP$/T5 MQ $JFF_!2(GE-R,$%M$^ P M3(.6U)U?%F;ME9<%.\NF[N@K]\2Y;0G_MZ4-NVY\Y-\7WNI3)?5"4!;!&'>H M6]J)FG4>I\>-_XS66QQJB$'\KNE53,:>3G['V+N>_#QL_%#G0!NZEYJ"J-N% MOM"FT4Q*^>^-]%-3!T['=_;O9KLJ_1T1](4U?^J#K%2VH>\=Z)&<&_G&KC_H M;0^))MRS1IBKMS\+R=I[B.^UY&.XUYVY7X W+S)H)!R*3Y MC4A2%IQ=/=$3_?'06L&Y)E',GLI-F*G9_;!Z*5&2%<%%$P',=L#@ 3,B L7N ME,!08HLGX7@^/+(RC$QX-*A'X3Q!;!'$AB"^;3%W;A%B5O,BB2623 G2T"D" M,0O>9&J)I( .T4@)IH7R2R1#!#$3A&(2>9%.6NH"D&90L.,?I2J A0(+<.!"VH-H1M'0PH(K<.!,4+ M=.RR1A&@2-PZ$)0NT+&K'X'2SAXX' 3E"W1L T"@NK,'YP" \B7GP/8 ! H\ M?W .(&C).;!M $UK?/5@.\ '\@5F@VPC0*#*<[?=6* %?H-L+T"@T'.WXUB@ M!9:#;3? H-)SM^E8(-MU@LDOO*7\9#H5X>W9N9/#OWI<';NA9VQ:@$]X6?3D M1'\1?JH[X>V85(V$Z2&.C$FJL@B?U&&L5+\V3AIZE'J8J3$?.IAA(EE_;\C& MKK#\#U!+ P04 " !TAFY)3S\9.I\! "Q P &0 'AL+W=O_<7J">83;(%BCM/%+ZM$Z5$<*)8J_IU7HN$[IS\]LIETG%#.AN""P MU"C:_,T=KTJ#$[$##V>7;SSJOQ75K)#$#K#[!*F2)@% MP;SZU1;%>8M=<4(OOJ>O+ARN(GV5NJ^R[P76%P+K*+">1\ROCGB.N73)3O94 M@>GBU;&DQE&[M'E+=;F=]T4\DR]X50Z\@S_<=$);LD?G3S8>:HOHP)O(;FXI MZ?W[61()K0OA#Q^;=*52XG X/I#EE5:?4$L#!!0 ( '2&;DEM#WQ&H@$ M +$# 9 >&PO=V]R:W-H965THD(TF:KJGVHM-J']MF! :RU/=0V8?OW]86P211I7_#,<,Z9,[Y4,YI7 M.P X\J:DMGLZ.#?N&+/- (K;!QQ!^S\=&L6=3TW/[&B MY&D),NS[!-37&A: M5['V;.H*)R>%AF=#[*04-_\.(''>TPT]%UY$/[A08'7%5EXK%&@K4!,#W9X^ M;G:',B BX+> V5[$)'@_(KZ&Y&>[IUFP !(:%Q2X7T[P!%(&(=_X[Z+YWC(0 M+^.S^O4/X1K1N\V8R2%CH^2?>"\P]81M@&P0:EC5_23-:A.E,H M4?PMK4+'=4Y_BFRAW2?D"R%?"5\B@:5&T>8W[GA=&9R)'7DXN\W.PTT0\[,QC=.GZJG>?"TJ=@I"5YA#PN0)LR*85[_;(K]N<<@OZ/G'].+&81'I1>I> ME!\+E#<"910HEQ'+NR->8[8W3=C%GBHP?;PZEC0X:9:$N.Z/S)QD/M$!UX$]G#EI+!OY\UD="Y$'[VL4E7*B4.Q_,#65]I M_1]02P,$% @ =(9N2;1.C..D 0 L0, !D !X;"]W;W)K&ULC5/+;MLP$/P5@A\0RK+BI(8L($Y1M(<"00[MF996$A&2 MJY*4E?Y]^9 5VS"07L3=U#'$CDIQ\WO<';N$9Y6_1N-Z;S2AI MH.6C=*\X?8=YA/L@6*.T\4OJT3I4)PHEBK^G5>BX3NG/>C/3;A/RF9 OA,?T]=7#M>1OD[=B_\0**X$BBA0S",^W!SQ$O-XU82= M[:D"T\6K8TF-HW9I\Y;JS)!):%\(''YMTI5+B<#@]D.655O\ 4$L#!!0 ( '2&;DGZ<)YH M] $ )L% 9 >&PO=V]R:W-H965TSCES9L 3 M]XR_B0I H@]*&G%T*BG;@^N*K **Q0-KH5%O"L8IENK(2U>T''!N2)2XON=% M+L5UXR2QB;WP)&:=)'4#+QR)CE+,_YR L/[H;)QKX+4N*ZD#;A*[(R^O*32B M9@WB4!R=I\TAW6N$ ?RJH1>3/=+>SXR]Z<./_.AXV@(0R*16P&JY0 J$:"&5 M^'W0O*74Q.G^JO[-5*O?-DZ\OS2)^4G/(CHV;3!*WN(2?F)=U M(]"9274ES6TL&).@#'H/ZIM5:E*.!P*%U-N=VG,[/.Q!LO8Z"L=YG/P%4$L# M!!0 ( '2&;DFEEVDC&PO=V]R:W-H965TV$[=_7 M-H2-O:QB<@BV>?-FGO&#R3K*WGA!B/#>ZZKA&[\0HET' 3\4I,;\B;:DD7=. ME-58R"D[![QE!!]U4%T%* R3H,9EX^>97GMA>48OHBH;\L(\?JEKS/YM246[ MC0_^;>&U/!="+01Y%HQQQ[(F#2]IXS%RVOC/L-ZA2$$TXG=).GXW]E3Q>TK? MU.3G<>.'J@92D8-0%%A>KF1'JDHQR7\M&7[O^3@I# MV'0 &@+0&##FF0Z(AH#H(R#62OO*M*YO6. \8[3S>(O5TX:UA#-%(ID]*8;K MJ=ZN?O6:HS#.@JLB,C#;'H,T!D9$(-DG4R SQ1;=A:.I!#L#$3W.$%DB(AT? M#2(6CPEBBR#6!/% D)A%-KV,'I-J3)2$\O!;2.8[2.PC02QBUH#! X'&&PC@>$D<"G5-@$D ML]7:-H#416TZ]QR#[18PK9 X4-A>@-5+;,<@TPRI X5M M!H1FJ[7-@"(7M08([#=IP=Z:43_T1U7QS[H&>EO^0<\SUI\ M)K\P.Y<-]_94R(Y -P,G2@61581/T@R%[-3&245.0@U3.69][])/!&UOK=C8 M#^;_ 5!+ P04 " !TAFY)X\@T>1V!Q8 M6XD[?F2=^K+C?5M)M>SWD3CVK-IJH[:)4!S3J*WJ+BP+O??4EP4_R:;NV%,? MB%/;5OV?1];P\RJ$\++QH]X?Y+ 1E44TV6WKEG6BYEW0L]TJ?(#[-4(#1"-^ MUNPL9O-@$/_,^*2@VO;,V:9F!2GG^/I.\^!\/Y_,+^ M11]7R7^N!%OSYE>]E0>E-@Z#+=M5IT;^X.>O;#Q#,A!N>"/T;[ Y"M.CV?SA9#1;-D C09H,IC\+!O@T0"_&V@/D5&FS_6YDE59]/PFERAR"W%"2+I6-A %UW K%;H+'' MW1Q!)O0D3^(8Z&+H1Z")O4H0QI!YB/KGU0!+E,=] N12H%OC#V[9 _;(@ -* M/?RXKP/X/ \PKWN2$0KIXEMGD1&/>PONVP#VX^"3/[>:@=XZ_"_Q8E%OZ8->^QP./W+I&\:TI0&X5(O!( M@0T"'S]NJ2+DD8(1-*8 PP?_CO^!&4'1K']I6;_7?9T(-OS42=.H3+M3[_B@ M6\?H'5X6QVK/OE?]ONY$\,REZJ)T [7C7#*E([Y31710W>VT:-A.#M-4S7O3 M[YF%Y,=+^SKUT.5?4$L#!!0 ( '2&;DG'VA #_0$ '4% 9 >&PO M=V]R:W-H965TX9PSQQ-[\DZJ5UT!&/0F>*-7465, MN\18EQ4(IA]D"XW]LBER>#:\; M>%9(GX5@ZN\:N.Q6$8FNB9?Z5!F7P$6.!]ZA%M#H6C9(P7$5/9'E+G4(#_A5 M0Z='>^2\[Z5\=<&/PRJ*G07@4!JGP.QR@0UP[H1LX3^]YJVD(X[W5_5O_K36 M_9YIV$C^NSZ8RIJ-(W2 (SMS\R*[[] ?(7."I>3:_Z+RK(T45TJ$!'L+:]WX MM0M?,M+3Y@FT)]"!,-29)R0](;D1T@\):4](/ULAZPG9I (.9_>=VS+#BES) M#NF6N>M$EA:NG(A51K9=VH?^#PG92T&3.,<7)W2'60<,]9A%.@?9CB%D0&!K M8-8%O7>QIB,ZG2NP&2,6V:R'_XKLWA%YUV8R:5;B^4G?K$^<,YT(I%X@[04F M)IO0BX!Y])B49'06M1FCDN1K3.90VS&*4!)_2>9@NSM8G"7IM#=X=*D$J)-_ MSAJ5\MR8T) A.TR,)^HNY22_)LL-F&OL4 M_"LX2FG ^HX?;)&PO=V]R:W-H965TS+'] M95=61=:TM]5;6)\JDVU[HR(/>13IL,@.Q]EBWG_WHUK,R_6+GX>W?=-]$2[FX=5N>RC,L3Z4QZ RN_O9'^QN(Z,.Z8F_ M#N9<.]=!%_Q+6?[J;IZW][.HB\'DYK7I7&3MQX=9FCSO/+4C_V.=?H[9&;K7 M%^^/?;IM^"]9;99E_O=AV^S;:*-9L#6[[#UO?I;GM;$YJ,[A:YG7_?_@];UN MRN)B,@N*[/?P>3CVG^?AEUA8,]J 6P-^->!LTD!8 _%I("<-I#605X,DFC10 MUD#Y&FAKH*\&8CJ'V!K$ODDGUB#Q'2&U!JGO"-V<#S,7(9-PF/*^8+YG3;:8 M5^4YJ$]9UT;LKN.KSD_K/&C+I.YO^T(!#(@^@]2.N!PSB/PW,;F+AG5-3]4=C:#]M,8.-A2Q2V!&$+,FSI#D1&3!/C M42@4A7*B2.@@E#-$$BORD3SY0&L7XIK3U/,X-9Z61FEI)RV=D&D-B.X1R=LF M("OG2;O1)#IEDDS-]<88$R(AN6?7G18R<9[Y>'8QRBYV2R&2*I4N0AO5DG6(0%/P)1D$J]1)#V&>C+RL* #W*& MEA8:'BOW%!&&Y9-Q,!19ZDL+#57'A/(;"NLL@T)++@A+"'GU+L/*R( T*J^Y MQKK&U.WU@D6$Z?_O,^8V?IS&6I'F=O_\>C:Z8=M .8K[PSK"0."HLB%Z\%"G^NTSTA8=U@*1O*1+HZ%AT\BHEC1>% 412],>$:+PPC'3<)3D2%Q8)#L4CIJ-R^U>T.9V0C-,5- MQ(0;G,,= [VN<;?!A6_ZN,,YZ/"1=0U"7J(EL P(L+707CZP# AV^WD)=[B M>P9R<5@)CL33Z^&*+XWR MXC]02P,$% @ =(9N28%R^T9G @ ^ @ !D !X;"]W;W)K&ULE9;+CILP%(9?!;'O@,TU$4&:3%6UBTJC6;1K)W$"&L#4 M=L+T[>L+(=CC*B2+8#O_^;]C@L^A& A]9Q7&W/MHFXYM_(KS?AT$;%_A%K$G MTN-._'(DM$5<3.DI8#W%Z*""VB: 89@&+:H[ORS4VBLM"W+F3=WA5^JQ<]LB M^G>+&S)L?.!?%][J4\7E0E 6P11WJ%O\0 MPR^D^5T?>"6R#7WO@(_HW/ W,GS'XQX2:;@G#5/?WO[,.&FO(;[7H@]]K3MU M'?0OZ37,'0#' #@%1.I.!!JDTOR*."H+2@:/]4C^>6 MY%2:"&=/Y,;45.U> MKUY*F($BN$@C0[/5&J@T-T4@W)T(:"*V.QV 6A3H$'Y3VTP10L.)["/-X@,B\C-B1[FV%4 M&&4@C]V7MR[KAN0=/JU.2?H>IL-WE9].B$?R)ZJCOF M[0@7_5&UQB,A'(M$PB=Q:ROQ&C)-&GSD&PO=V]R:W-H965T=45W\\7M^.EYN?ZB=WS8>ROW,)X6L\6X MG'7FQ>-1]R_Q:1C,&JF(O\?%ZR)YWUD;_Z,L?ZX_7#X<=;.U#<6DN%^NJQBM M7GX7I\5DLJYIU?*_L=+W-M<%T_>;VL^J[J[,_S%:%*?EY)_QP_)Y96W6[3P4 MCZ-?D^5M^7I1Q#Y4%MZ7DT7U?^?^UV)93C=%NIWIZ$_].IY5KZ_U7WP6B]$% M9"P@WPH(W5I Q0**VX*.!32W@(D%#+> C04LMP\N%G#<%GPLX+DMA%@@< NL MY[R>N8QKE'B;[/?9%JJ]R&:ZA62WLIEPH=A]V4RYT.PBFTD7[%D7FVD7EEUD M,_'"L0W;3+U@S[W83+X(;"_Q+@8KT:HVH%.;S:#DZ/IR7KYW% MRVBMN^+3FI^OZUE5WEGIRJ+Z6"E7_>WO8^G]8>_WNB; G-2,C$R@F%/ A(QB M/D-&4,P7R$B*.8.,HIASR&B*N8",H9A+R%B*^0H91S'?($..\Q5DR'&^3AF5 MD>/\'3+D.-] AASG/F3(<1X FRGB-B4L.0'M"A*Y M@JPJ4+&[FE�C6HJ@9=U6"0E;-ZO&K$UDA6_:.XG,D-V[AFPS4R7*>&:]+P M&O$5DAUD>%E%LUG4L)EJ-MD@DTUJLB5--LG8R):Q9G+#-J[9<(L,MXGA*B-7 MR77-A(H1!X;1BD.M.- *J5O#E-&<]>Y1(QXTXLA!\\F@"?:@!=12 "V1\CD, M^W9'9#@89J"90,Y-A)(><9K:BKLB;4J0"^XZ0JYNRC";PKHF)&B*C 1JF'35K>VBS6=A0X1EGB/V HNF2%73D(XY MB,RN$,7#ABU8B]U8A@7084'FH;G86X@%5F(!I%C0425">\H)EF(!M%B0H?"UHL)-!C:1K5@@L.(6@,UWRL\1)JO.?4L964[I^52BRY,I5< MO*^H^WPK4XE43GERL.]DFF_ZS ;6P& AE5!(28N^28V7$#U=-P!LF_^44]PH M(+&&2J"ADMR"W2"(C+E]#I1SH&$CU-(O++$2)*:2W(?=((C<$_8Y4,Z!AHU0 M2[^P!$L@P9*4X!L$D3O,/H+(I#I'$'D:,&R$6OJ%)5\"R9>>]HU4\J5RPI"^ MT0=@NA<#T&Z;?&BJF!8M*G2E\B1*UE< HK ML&O0Q[#-6(OA6!HUT"I-7]@@2'(:PH*F@:!I4EZ_((@U%5OGW%!^&L98IX%2 M.3IERENP%HNP^FB@/IKC?AJKBK;[+U*L%AH>&),'".<1JL^E->M<6F.MT'ZW M-YSK5 (4]U(#"X"&)Q7D-)Y'R+T'-D93!NN$ 8F?)K<&YPCBJ+K!8F+@F0(] M3T9\I$_8_0T\-R;3C/,()9Q[I?Q6)B@9C@Z^SX+ J"Z.<2$,39 M+ULL2Q:D'(;.C2UQUDEG'>UDBUU8ZBS<]C38E8I86\[>"K98M74Y#@3/< *! MQ2IEW?XK%@N+960IN04;%2T=)R&R6#(L(TO)+!P",,]4."XL#F4QRI]=2!Q86M__MB,-RX8"3TS%V$*$Z?,H#^AF9O)EJ ML0<+A@."85ECBYW;F?W'!;NB8^0> ]>85H!Q^4#RX;:>: ')A^4<]CGLUL[O M/R[87UW8/2XG$7K+R3C*X+&[>L;C*"<>WFK:P(GR'CNC9SR.]W"E")UY^I"7LV1YXMN6D4!Y[H]]_5^&Q-WKPK!JY8*Y\&D#Y#_)Y[+4> M/"A!NN.5_\BC#1[[HX?^2*:Z5PAB#=_64V8@%M-/?UXAB).J>>S9GN'9%S[U M;-X92,".'1B.?1%2Q^:>@03LV('AV!-R_7:=7\SK MWR?5'Y;ERU'\N=7;;[Z._P=02P,$% @ =(9N24>'R>1L @ X0@ !D M !X;"]W;W)K&ULE5;;DMH@&'Z53!Y@0PY XD1G MJE;M16=V]J*]1D7-;!)L0-V^?8&@2QA6K1=RR/=]_S&$\L*Z=WZ@5 0?3=WR M<7@0XCB*(KXYT(;P%W:DK7RR8UU#A%QV^X@?.TJVFM3440( BAI2M>&DU'NO MW:1D)U%7+7WM GYJ&M+]G=*:7<9A'%XWWJK]0:B-:%)&-]ZV:FC+*]8&'=V- MPV_Q:!4#!=&(7Q6]<&L>*.?7C+VKQ8_M. 3*!UK3C5 21 YG.J-UK92DY3]& M]-.F(MKSJ_I"ARO=7Q-.9ZS^76W%07H+PF!+=^14BS=V65$3 U2"&U9S_1]L M3ERPYDH)@X9\]&/5ZO'2/X' T/R$Q!"2&R&_3T@-(;T1XO0N(3.$[).0W25 M0X#/$I AH&=CP(: G[60&T+N$**^'+J8!'HEH\'DEXIT2DYZD*"^CLQ(:8*8])C&8PH>9#3 8^#!S&Y/X$-]M!((^R.*AR/*Q MR&H@DMX@D4R8-VN)D[5$\U,3;?Q8('4$4BV0&0$GCK9/:8_!&A,#^7ML)G/, M9)89["WNW(9DF;D0 Q\;P8X1/!! WK1@.RT0 M^<QX.N0X75W7;RGH.M!C81L#K]R]!R)[1\$!I^+% X L7_OJPQ< ]),/#! M^R(M'%#AV(FL<_E(]O0GZ?95RX,U$_*(UZ?[CC%!I11XD5UWD/>-VZ*F.Z&F M6,Z[_@O<+P0[7B\4MUO-Y!]02P,$% @ =(9N2><$=AI5 @ TP< !D M !X;"]W;W)K&ULE57;CILP$/T5Q >:-O%/5X)95I'4H/J_= MEV"U3R5" 7Y6N&?&VI'>#X2\R\WWT]KUI05'HKL'HOL)R+P<25P MUD^H^'#HYX)6A#.!4 F$VF,Z]=CJ;FE(HB A # %-EAAPD :/P>A#;8U84$0 M0)A:<3L3%\,P31=T)YH5%QG% 7MQD9$F>4[B*+&Z7@;;FS 8)WZPP'0\,QT; MILU>?RF0S 22__TFTIE .G$ K8=TBK&>TF**L9^B*2:VGJ,I)ID5Y!DW4(/I M10T+YAS)M>6Z#6-TG$=:A"_Z!Z*5JF7,@ M7-R;ZLH\$\*Q,.T_B6^A%!-VW-3XS.4R$6NJAX[><-+=1N@XQ_._4$L#!!0 M ( '2&;DF"'LSJO $ &X$ 9 >&PO=V]R:W-H965TU$)RHDTI MSUAU$DCEFCC#<1AFF!/:!F7AUEYE68B+9K2%5XG4A7,B_QV B7X?1,%MX8V> M&VT7<%G@L:^B'%I%18LDU/O@1[0[9%;A!.\4>C69(YO]*,2'+5ZJ?1#:",#@ MI*T#,<,5GH Q:V3 ?P?/_TC;.)W?W'^YW9KT1Z+@2; _M-*-"1L&J(*:7)A^ M$_TS#%M86\.38,H]T>FBM."WE@!Q\NE'VKJQ]V\V\="VW! /#?'8D&Q<< ]R M,7\23BV3[;; 5VMTISEX33QH\E&# MC?\B))Y!8F>0>(,\?&R0S P29Y .!M%]RM:G])K,::(XRY/'F'2&2:>8*%S$ M>,W&8[9IN'Z,6<\PZ[O=Q(L8K\D]9I5^@Y+-*-F$DN>+D.S!7O#D+'7D#+^) M/--6H:/0YEBZ$UD+H<%XA2N3N#&7?RP8U-I.-V8N_7WPA1;=[7:/OYCR"U!+ M P04 " !TAFY)+XE4SY97 @2 $ % 'AL+W-H87)E9%-T&UL[;W;_]UWH_/1=]&7Y2*O_NZ[Q[I>_?#]]]7T,5TF M5;]8I3D\F1?E,JGAG^7#]]6J3)-9]9BF]7+Q_?#HZ.3[99+EW_WNMU7VN]_6 MOWM33-?+-*^C))]%5WF=U9OH.N<1LB*/>E'UF)1I]=OOZ]_]]GO\AK\[C]X7 M>?U8P3>S=-9\>I>N^M'H*(Z&1X.3YL.;XJD?#8[##W>MYU\N)E5=)M/Z_VA^ M*2]_3!\R? .&N$F6:?.M?R[R=!9]* %499VE50RC3_L=8UW"0LID :_,TB_1 M/Z2;YGL7L-09+??M(GEH/ITGBZJU@,MU6=('636%H?^0)B7",'J3U*UW>[W! ML#<:=,+H?K-J?3,XZOUCYP>5X L\%=5++(9+&06O4X623Y-80"X M4150HH-HL(SOD"_PY+8OGYEL?RG259+,H_;)".%9THXOZ$W_Q+@K#^]WUQ>OK=]?WUU=W/S2? MO0><>D@>4@#!)@0\P(DG/!"$5X[G\,+W&D!N$Y;I%*E]U34N/"_7J07NKN>[ M#[4%RJZI[PO$R'=9,LD666@DO&E9C6?&9PXPP/N9YE-XV4'=\R;J(E?[H5HE MT_3OO@.V5:7E4_K=[Z+62N]O+__AI]MW;ZX^WOUM=/6/GZ[O_] Z0, ^0>^* M;_RK_M'1 #@%': MNM!"N6@?/[3W,>"%=NUDKEF])RE\VR:M6XZ8QU1[\=B,4O+ M"HX>P->^.BW\I+7O\^5^)/_@0X+$ZS&M,V!MAW"S7D7?=TA)=T@CB1$6<^!G M.8R3(3O$"[9=FFGAKSGQG6^VD&#?+Q@A]GV[Z.:=K4_"F+X-T;=LV']MYVZ# MKX>W&GQURSX[$,:<>H7'?@L7GG8.J/,I3]9P*=+98;?D,-I;LF[)%1^O?KZZ M^11@9R)&E.E3FJ]##-U[O)M9\!W[V#'<[8>KCQ?WUS<_1E?_].'JYBZP()35 M '*,$7@_)VD.%S\H#,S3JF(R,D_;D_T('Z*,CH,DLV66D_2/%*F3.;Y) 0?A M(IK)DR6*D'^F'SJED8+/$2ADU[@-N2C$&?-JO: Q<"O[,.6Z7C !D4G#)W%K MUG;5L;:#=[=W=X?1]1'-/M34LRNKW_Z>JCOGN@AWC8.L7K MO(:;7-6=$&F]L'O+[XH*K@U7-U'WO"A%_!Y M!&<6P0OO8="[GRX^7K7.Y'5295-FU]EB7; M<'?1[:?[N_N+FS=P?0.W=@]ZAVH,J,/%\Y[T[O+B[J?H[;O;W]]Y: G4X^+R M_OIGDL];X =: &(TA8Y_KBN1/2L"U1J"N"X*'O+!_@K_CW%1:YQ)R"5V)N= MH"A#0D-K[UN)1M?M)*FC-TEPHJE#\K:]5^V\\RCL,O'!&3X!KA(?Z/O%E;>"LGB79I@6 -$;">T^'0'>'I]LQ=.-/'H M^N;GJ[L=WUQ,8;LBB^&B9L#1%L5*);;).EL@W^<59TN U!,C^K:!X$,0&-O" M!:(7'Z\N[JZ(MM)?" <<+[3O&$21ARS/ M$;\1RF2Y"K^8(AIWOH+'36@_ [T:!@-\EU>C>8&\BKE2%[=J_X[,*RQ7W'WZ M\.'=U?NK&S1VO+F^NP16\0F8T^W;Z.;VID>@<\[]YDT0>"$AS1R):HNX]/VO MQ8=U.7T$TD0O3E&+6BP2/?&Z3)-J76Z,3(XT:\ID!J=!.FT-7]%J759K-.L" M";"]N;@7^'<+ M63>W]U?1(/KK7_[/:*_O(V^583MVC(!;IN5B$_T,<%PGY2QZGY& 7 '/+E<% M;R8Z^.M?_N_F$'_]R[]' ';$4W@JUE3X\3".GI.*I"<>@+DFOD><'\%TDSXE MLP3EMHOU [#@:#A&%>5HU(]N\^A]LHF&].^3F+Z3P2,^;1@.N$B>('H7T3_D MZ7,--Z;@+>'W,N: U)ZCT]UC;-T\#7D[K0LT9="R!J/=0X8!SE+&?)%.:WI[ MB8B#MWVRKF!J8+7+8I8N8/2DAK.9KI'] 920VJ4E&0,L'>]F1OWHWEE>!AL#-9_D,7BH)2H V MB_5,"> BF[( ""1A(%=J0PMD8GLDT%=]8].>"*#:(=XA<@KJ[Y'M.W0(RB55'C8_AB$STFH# FL*P_(FV&-<"!%HSD)"O. M0:"E(H5:<34 ?P+GA\ # MX&>$=+6>H'UC"@.4Z8-8X=8@Z)?1ISPS\GT%0LTSO#Q]!*%-;DM>EP6 &]ZP M8UQ,&]CZ**_/X=7B&0\)<1,X?3;+$L26'Z*__E__(_HQ6\#-K".C M>;\'-'E(V0GP[MTE4:."B6& %%V4&<".:-';=%*N$>^9<@R.^S3!/8@=*3KU M"$G1'N?X+KQ0(.$^[3RR8PG]'BXDG$&SZZRQYR) 4H!HF+""_4!U#%IR'ST=Y?;A%N[CZ]?W_Q\0\H MC-Q=_WAS_?;Z\N+F'N3&R]M/-R10?KA]=WT9DKY1PAF2A+/_(!$:,"I6<-(* M#9.&(0+N@#:_0G9."H.:(/ Y4IQD.F6:0YS V"JFKJUB;HSPE;5:$/&?(#ZO M4%4M^;APN')&IO_GK'ZD?PO89"4+ !QS B3:\!P1Q1RU3SWQ'@ [@!-@SD1L M,:47$W7VH5#L\L"<19!.>MF/+H"\DR8A.X\F[*Q@]H=A$!7:-)#MV4VFBVP) M8" ZOR)AQ($D$^^70&\N0F/]""2!Y@56G(+@0U;L%*W871XE\HL%H#_91.N* MH%ZLZXAL2+&G .!\Y7HA^Q2^1=L4&(H[4]T_5ZI8D'.2A* ^< !ZM5AEN:@D M2X?3P)E&B6-/RD%UKRJ\3C"_X":((!D*V\6Z=&"S$O<.N(40,1E%$FLUV(6=&>$WJD7H MW/X&%[E,13*UR((8L4P^I\Y:R4((*C,;. 0"R7R.B@(A+X6MI&1&U+L?-J>Q M+@ P6A25**53]:C7G=_P+#-A-O4+KS01CXY5BI>(S4YJT7-L'*4)R&$\Z:-( MN";W$B,# '^!.P)@E&PMJ@E;#?#Z'K>R,%6$>1EY<2GM%,75:Z@-? M;$?!?P@Q+\J-8R_8.&WZ&_GI8-U\LG-@$,,714J*YG)^FC< LYU'2B+VB7[QHJMA9G;P$"UX! M F@Q6M4IO7&!RL0 M4'3V+M"D19U MS.G+5 6%& 3L]^X2_ACW!D=T:@;:U_9DX).8>4]%4.6-%-%3L8 I6;*;/A;(I5'482A% M0M?W.$!O;PO9?B :9V/V ? /1>"JF M?('7^0))>@*BZC./AJ.S=#0%^@*H>3UO,55> XRE\\_)9.8L $=&(.L7>07QSJX1+CTR@4GJT5D0?7-VJ W2>#6H);'#,>1IW"]8;2D!>+1 M !&"HPIO!!_G&R_6S[NHEVSJ&K1*U1#HD]@=E"_9L@ MEFS:UAC313*%3PG!)TG^F6X3$U:?MF7UVC(\)'V/V<,C;)4CR^ 5M'52LY"P\SH#'\R$UMZ[7'L3GY(P'I, M%P0I-C0[)F+:?0RZ3P83(MZC")\M 8W2+^A891*=SBC8Z0W##Z_PNB02T73N MO'USS80 =7TD9@5MR?=SH&F6T.<+BNH8DC0G#0IWG_*&FK9=Q+_ M3O>/(07Z%'JYN="9RU_AW%^-3CCD%=4AG)Z]AWB:&&H)N^>=HXU$^;D3X^YN M J-$'M!(A\AE)7"ZOA8226"4C.@1"TZX?S@9X2FJM)#&,*&792CT:I)Z,2V> M4C;BD.W*3 OTQO S'!WYO5C$T"%3H D)T05OT<0]N]A(2G:)L"7TR,1&6V,Z MMB;WYC.@<-HKYG,4:.#>H*\@82"0ZJ(*BW% J#N%]C-=PV*6&,.AD"$3 R H MTP(6RDN4_UGK0EF+-RMR%$Y38$B-4H#: P0I0,5Z4J-:9B;)*GM@1#L?=@8 M@CH3%!F[?A93"8%\#O)1Q;?6V%_8#<.GV(CXBT#XF-$FX07^]CD#L!*])\<: MF@4\T0!5K@HD"EP ").B@*-*30MO:J'M7T(TF,F:%U:])7RI'[U.:Q1$66QG MV@285#PY6H9R>QP?5@?+G];DJN()!/&=:( .+9I62V'@>(+]Z#VJAFE.1RZL M UF7503P@T?TJ=$D%G=0'42$AS&\X"P?0W"[Y"P%?E'W%F@Z8#D!KY]S3XWZ M_Y0:;J :!Q/EDB,3T&!QBBL9G9/-"B\P+K_^E1L)0D!>X+U3;),=V"5[P6Q\NXHD-CZ M7?&&@K#Q@'^D]=(?.@-?@D!5+B M#WZH\D,Q52@:EK\"RNJK:%7J4,*F'D8/TLH%F_G6HI5U'@-\_IA.'6L@"#1X M!?A887+RWV<5T3D1(.2:,%Z7UK#XE&0+(L*RN3*7 7U\KB\)NB:1&.H\]Y\9QC% ]0.68PO)KOC3W$F",:L,/K MB=J+<\J*) %T^U;(XDSBX8V=*8PPM:J;YE#MD3=P0NY["\$YPKTU.)N[9^FT MI) +,K'+WQ170K23HY;]5)NXDV[H.S(#2#]NF*I[KQO (IV)3:4S7A=:!(M< M"/D._O'V:TRS)..A')*2(Z%S:?V6V='-AW00);?LJ(51,2$^NB>>LME:HBR> MLO19]#K'1OO\""(%<8"C3!UR,T!HKZCGWWV .L*P, MW:GX&F9&69.]B)X@O@@Y(LL?L*OF2BFD&A!'+ (SWQ)CY7&BLV(Z%R6IL25< M%"H;X4MV;:=D>3AMT#%TP*GT"ZC#)N^:,=#?VVX*JLX3U+X$4,Z4ZJ,T%@,7 M+U.7],JFNPXBWG( \+ HK=E8J:B@8=R>UWH0T.+E'Q"YJLB.PCX7S:XG?JD_ M35-US$P0)NCH8VTF$\%^J\-(Q'IO%>[N'/1#&QQ[";*G5(TU=(YX9)05$A/^ M.1X5Q.J2G08,133:P.:GFUBII&6.PC55QI9D (JZ@ R32)9Z3JA]] M0"Q" .#)N (LH2KZ<-#X*RAE2#A3Y,_I(GLLBIDJ>KSVUK'\$K+9,@'Q/$0# M Q,U [(<"5S$.18Q,S8(.'X! M4=S,$%(L1JE3R)>QEVG]B,>@)"\L[OO@H1#-!- @Q?$0I\"'-$< M&HD)A76RN9A1L]SU-7O^+/\HTB_)$KU?XNZKJLPZ;O7*5>JG,IJ+%=R5B>[! MQS6(EQ6A:6WX>5;*U4HU]K.+B7^,Q#,NVB?!ZJ,KQ*F Q02/2)>0)C+ZTH'7 M: 2H0@X XDF@I%?JJFQ*>TI-C65YN^Y+A(>\QAR7C]R0O%'"NVA,0QATY72- MR%U9J8(/4Z0KC<1!YC(QAVN]2RK*_3YEJR=N2VEW &Y&^!&@U,EG]-$5[%.7 M! (=%G@95@V@ ^:@5$&9QTU%VLNZ2H,?J"O=^Y$Y%"*&B<9-9AL6$LD<*G+% MNK(&&CG?9%$5/JB2+O%[JV) ^8=HE=%,%$ '#)CT2?\$V*+:OT0UDP1>[U:UQQ)1A(_@B=/Z\8W\/0Y MQ3DSP'BL2]T/758; ML>8S7"[2D,J&S 6V:"//..HP.(1.RFLBO0Z4 -8I#4[RULV-F FXVNGV$F@. M9T2"FP9+X+WLF2G]6'T7>S7G4^5"MNJF,\5T$Y#^0TC::OTTCMQB+F1['TK9 M#?WOG9-_646#>#CFWP?Q2-]('Y:^4Z^IVMKX$T:2,JMXR:"*RV=$J2L>J2W: MS5(DXEE.+J.$TU(<\96@6&5+4']*&[F",@6 $/SK1RXZE'D[1^3H4K=4?-P003C6 .ST3. M%JLQ\PT'+D>R$7Y/NHPQ^I9.R"0?2V8"AI1+5JFW4J2B)7*G-^WXL5W1%8FA M]\A.23[@?Z+SEJ14.-"U6I?UPZG-ZE,C="LNHI =T95F:7._%;)Z8]P,QO;A M3+#9>QO.+F0/JL1EN5U@!PHT#\, ^N=0!!^]7>%=R:I']''A:7EAQ+#Q]30- MA?FI/T6=BSX&:,R!?_N9H%5J>'C**HV(QE =B@,Y/3Z2.)!/)BP/@W;USMRC M$^NO?_EW*Q:X0ADZSRO4AP%_,2%O0AH6_ =D(\R>(A>6UK9I.>JZ[@T9E5*N MTH:R=9$O'*>L"G492HB2T\\/W-DTQ)@B:7![(':E/=+$-SUXE/< B3#!T6RA M$4BA^5,@C&4ILI6:B"DIA JIQHP[P[9Y3_-U&WC MYS+LLK]T51KH?I!5JK.)!=2SW7G6$XVI1P[=>TVO?6!/I<0987(#8M?@3'UE M&B3M;G0+#M@@90Y1A]NW*#:23L"^1@PH [$R8P(G:?3-G&&D#<\8?X9C<("; M&QEG]!ZQ0UO3[G23:)LD4-ZZL>LG/6D\$OLHZ.:,C)/@A%3+%YH!S 4 M"(6WV0TF:+A]]:0%/L:R[6WP$]"5!?W0')Z' [$>[9+$$*A,C+7 !Q.PU'(-*/#/OK5=>">.FYW&Y^A;,3SW9MEBNU: MS\GX^LE!I?]"L)3%^N&1Q$*T615$OBB.0!*48M7'8UV 9HQ.-F3BQE_91B"J M@[QB+1ZRJ/;.7%W;IH9%F"55-E.I8DG.MMD]2Z+9YKUL26NFRP"B<99*!MK6 M44V"EI,)X@8&\SII)U:PT&^1T\W0&4_/,Y;OJ1:DM6%0='7NQJQ2ALTDJ_U)2T@MR)SHY?,1D#^+DL?HEZIT2O/G'T M*DG(\S5B,65DD7D":>LSK)23<[J;HT]/> MT= %,/Z; (R8@\6.75LO[NH!Z_J9:#G'7>N\@T&I&:LZ"3D F,$NT(R](/E* MZBTP)7"F[D<_%<\H8\=BW)?H MAX*U^]$[F9>"N^S,(N$8N<9/O3"B<>+H+9HZQFNT 6!H18]*,MP6\]Y:-V0C M:_7>T3LXS%K\3P3%Q<84:#+""4^!])D]3[)#CI&\NII<045\B: M:^$:M/(D]^XT$IZ-#;*&0R<(X]"ME:'$_<*C([^K6="2S,*44* S(JUOG@N/ MHOS5Y"8( &SFWVZ#N0M#!U$I2IQT@:B1C*U, 8;+0B &. M@=EY&5F18LV31703XV*'<;[/AO\'H[8SQ\!-[]]^AY_X VQ14AXW)O3E? M2R@KK4;C6KV05@SV?14=Q^=HT8=EX]]GPU$\ M*-R:%UN9XJB8&O'DJTX/>B MX[/C^&1P"G^]PZ%[T3 >GYW')R>GSE]7)JP!?AW%@Y-C_4^@^K\&>)_%1\>G M\3&\!/\[.HD'Q^X MR3']/1P>Q^/SD8E8\?)H]@A9V1H_V!$IOA3C%.#^JV-8[W!(7[X:C>+SHX$? M$?G5L32_=& ^.AOQR@9'XWATW*B+'KB4?#H?2-N[=WC(_F]NO:;O+K"^ MZX>+C_=_B.X_7MS<89&_KA)TQW)?NSZ*#BX./=>7ERY+'S=*^CHEVX92>,EW M7*NIJEW3P\0W)'!J.1),=^8WZ23%!.LTCEZ-Q:/&P5M2/UJ2H*WGDRN^8T4) MMA>P\7I\]&NC^+-\LO(KEK,<8::#T9.R,DHM7L+37YO@ 6LE4"5!<]0T;]A\ MF%%:A[(@DY>FR68^T$YY%;(%+:,EG):9LI75F54@I&AFY.=N9GOM;8><>=9Q MW'2<>JYCC6JEP2LNX([V-/CNU=CK9P#RQ3:+>(#*AZ$WD^(27"QL;5.&G0U4 M!@%>/FOK5!25O7M].HI/SP=\K8'2CH^'S1!L3335H&D.V?';;H1NQTX!Q$^R M[W\US;R]GX>SZ+3\='O&7Z\QN1V!>O8WB"KG->"/_=7,G!Z\/HBNSA MK $ PV5!TRWM>.+BF8DIH\6(0QN-8?F#"JD+2H)2?=@:ZC37D^HOB;_6NR^/ M6>KJ^1PG6'*EM[>WJ-SXMG1V^#;F]9=982%#Q$Q2BSA>;)[RM3N) ?$4J>XHWH+9$V?NEOL)Q,DQI3.#( M$@4?UA3\Q>%Z3RQ-GV0S2Z3V(6X@OY,NQ_$NB4GK1:-G5JPKW9ZB!B89+M=+ M)PK'WR M6Z^"FR(&4ZQG#YP7^\IVWN$".%28U 0@N?&K4R-WRU-.P_/D=F2A[*0(I1B[ M4=!AL=^?IR'? *"^ @K(79Q,8$<6M?AN3S>)4<05G.RB&;WO 4!X-^ MD@4C_3R;PX$>C(\.HZ=""WMQV8M'K9'0CWXN.*:5<51KS3F9";9BG93)760: M3FW2Z(B$.+D9#7YD8PTE;-YI5,1GVMB:1C9*3K>[*U%JHF:7K]5BC43"U+HW MD3DF;H:MW;9$+PW'<*DL:R\9ATDU\ MPR\<6)$5 AE-'8T'ANNR@SP4F-H^1<,^>:KKD$M-;'PD9=:1X+B&69L',X4ZXR M0@1 ^@1:I99"F%: >0]F%JH[;?PWDP0CDK-<55,_O)Y^9& 9_DY=!C@0MA_- M*:1S74J9/5H&EG='SL>PSG*,QTUG7'%=:[!30 (&?T6#,Y5L66_&(V2E6V/^ MLEIT.4JBT9EFWE12E]2-#1QWS32U!O6>FE?V- M52GF0A(($.3\?.#<_JAF!-2LO^&A1H M2?[N,*D\+=7OY<:3>TJ#%EDS\3&HJI^.CDF!P4A KME 3'X*LC-C"!W,.!144PY_$:X.AB1Z+8W$EA4(^CUQT\^\# YTA+9I+( ]U;;\Q*G;(;L/K'&Q%1!-RMMC(;=KVMC'#+H'1NE9="U;& M/XDQW(J'%GI-ZOF?AI !BJ2DJ @ADPMC5VUG'=Q9N\-G.Q5W/EOC^7'#1;7\ M+]F10B8!MR'-<+2#+%FM6'#!9R.^]P,]\LT[HJ6DPJ>9M"C*_N?7"GCUSG+P M[/YK/1X%"J2J(+BH[&VEF)DAY&IV2G1O4$CL+) M+I0$*CX]7*G)22C1!/R8E>2.VS@)"1Q+:D-C),'=O=P\FZ7<[KS*?^RT7AH+^N(]*A_S;5C<^07H.28ORU=BYZ!_'&)[7X>=M!)6 M8YS^/DW!.')Z/%^$$6:7_#O>*?]2."0E!_X0'22'T6#HT@<"<),FHHI$A)#< M;^F7=+JV8B=@07C9!Q,SN#NJAQ36)'$P;2[%,$7[H?7@F^\0WP]F>WSK4N[ZJ-PE*35.-.#5Q)_\@S%>P>W(26AX.FZ;*+B^ANIGK2[!AB_Y,0@T MX!GQ@[YK--HKF""6]BG[0FP/[7PX#@C"O#7,A9VU8R@F&Z#T1"TZ:P7+H(XQ MO*HST<,8Y$[A^<#*M=Z-/[$?@"8K0$^MN*2N$&&A8"' MR'$)X=MD7 F/KW7WZ17\A8OO$^C(HS43276;'DG"G(KK:"-."31,<)V1_ZTR M=6ZY662:3XLUU9[@7*C';*61K:8>R<;D**+HSU$0)G^,-IO/'$ZG[F;;$$63 M]3P50;+6L+I:)65,;&PZI=G,K#Y M:QH7YAA9A>-ZL$JTZA:#)$WN1K6V8B> M/QODE>O%]+=)L*G6TRG9ICVPV<-D,Z)A+!+3K<)FP9D66BC"5)2!E:&WAOH+ MD#%:CM_MZZTU=>[D2AX/ARJK7FLM!,V&NBQF:6R^(_5B5I ;3: M4\,5;R+&+38;-67(#J[]L?6*^J>;@7X.S+Q"N4Y1*Z/($:GJD0SF9]%BHRK> MVY.>&'R,:=;T;:(2NZ292"%UIV@7)Y.H[ZMU6=Q\%;^Y.L$2_>\4YJV;G+(+ M@.4LUU/I?4P.DLR9-V"DU!X2[B#&.^3:YC@95!> GTAZ 9N8M9Y&*K5W/5:9 M4(DNK/-AJB'.W5ZAHFLWZ;_4X!/$(,K)Z&V+/9G3W1;7@!4_^<-&P'QXG##E M;U,\PB=O0[)@)7N-FJT8%JJ$I.*DIHRK'"&)P7 ;I<>7KAVT29*/#4GV!3Q6 M]FTM&(TI0JL?[M[HB*8QD^]L-22&)[!(5ZU76'MB9CTJ+K15RZ#"S;1AD M*%MA_6FMY;4LJ3Y\N]PSNMTPH-NB1I---DW8B8,?KKCK!4QXUU^/ B]! MX1%[6LU )+]B[M&W0G4NJ=R42*22J^"RE*#^8 X2D_:TK"[$'D/A\R.)?S@F MO[A$3LZX+HES[$X1HW9C&U&?A(^PA(!^/%N:,FA@MSK#ZT4"U/]NBDT2=9P> M I-=WMAMW!AFG9[+4D&LIQ7$G/JJ/YAPD&B38:<#F/7HU[^Q16>>"C3Z:>7% MP1 ?8GN'WAQU"",QE2KB]X=C>(-$L<0MAMZL,CPW]3"W^*WDU+N4+/M&T")^ M?GP6'Q]Q++%)"BV;_BUS#UJR1U/@^-I8[%U6 U=;&Q_'@Y,3"7\>GL;'9V?- MV',_Z-#"X)N4E-VUON'Q.#X9G4IL_/EI?')^LO\" P>-2!(*YA9:A_)RJN57 MFX&G^Q.LT7\,N5(&JM59]B)?'! "GXZ/.NB7J)(V:P%+R,K+RE!3GI[HH1"H M@7.RAN*Q^;)-[LP'F''B$#L3/NI4DFSXB'X1_;/XH%+D?S,*B.ZS/2G@^#^8 M Z! Z4 ":54X_ZVY! 2AC?36M^4:#(Z#0>G0F].3L")N8RQ)RK"7IPDR MJC7'F66=8'/4"[\)#O$$NQY?-$<@GPSC\^-C)Q#*%FRF*B9DGU,3L#4J_=:#]"-T>"TH4E!P)(A2E4M3_:D<5XB;62_\QL MVWA];TQ>AIK,?Z\UQ2^$5EWI8C_08EO//QI^?>D$Q=RCWT9K;%R8([HV1_0S M'9%6,;MU4+"5FQUA40H^H5<1\;T>_-'#NR2\X= X]CK(V&?] M\Q'\K3AQ93$^#GU_$OQZ*&U(FTEI&+^?U3:)D"O"/0!*!8JP;'UY2^;;Y>W[ M]]?W[Z]N[N^BBYLWT>7MS?WUS8]7-Y==Q5E.*-MMZW?1.SA!:II;H]/M)RPU M#!#%_]:/4T2Q$=:PF_9_$_T3/$@P'^C=N\OHJ8__]\\%BM,?G&HB^&H<85W> M!7QR6:S+.GJ;@2SW [KGLVFQPDR!-=8AOEL3^2_YK3BZ #P& ?(WV( X%13^ M(;K\F6KC'0V&PY/CWT1O$-UD0).Y8)K+NOG@1I?NWA/E;/_TT\BX5KTMSG$6 MB21>H)> 72A5[1LD7'$1#O/J-GI=;H!%OY^^@ZE /F0W, >@1Q>+](M]1)0I MF.FSD4S2ZWRV1@>-5[6'UA>C'PV)"E)E\4W:I4ZY_F! ].6<813-N/]%SC,9 M^%,Z&N6Y4#VE=$8]-9#*_!$$8 ':H[<*C2J,JQ""A!TH8>95=DR,O&-S?J9 MS0H)H,&(=O?HE 3!?_!2D2@^P?0%9=8E%5%0L;!+G&DC1QHWSU4:S")X*.PL M3.Z4B:GV2L3;J'O.N^QJKXOBX:-P M7GE'76&P^"X0B +P:4-N9=4RDWZJ>K** \X1+S44P&PY9F$470.("] D"N M/(!54N'R/*6FNM]O=$G!@3%Y?-O@+AK X?S&ABATC6BM#,YUBUWWI[\^_U@T M'FYXY$4%HQA?&I)CPL":9$_P(^>110:VXU+2*36;PFQ[21B,B:(ARJ@J*F"0 MD /D".53IEGC@;.\Z,#'P")00J0U%A@'\)@LYBWK>N..".#YPLH\- P6!.Y- MRBR=*PV=;!A.DEA(#KG&/6PBVGX7"096"&.90 >?2$&6'?!8GK._:S<"A)HC M2_/JF8-EPT!3W^+0I3(8-4PE@4UEWV FD_ 8]-_:*#1"A3U%$JS;1%\R6TJ> MJW56$]Z9O/>#/815P07(H%GRLTD7,H2'8+7=)*;9Y ["V/8CI5"X6 MTQX;V*@^ -\B;!])R=O6K MO"W3?:=[8@4V?"M_( M,4O\@Z-S>P#.U^!&S-5T4;)]DXS=,^*56X*; ;GWJ MUA,0&02;%M+\<)ZH\C)9LG7%M58EE64W]AI3]N6^N3<^(%?2"J133DH.JN(S MYB1_0^CU_#J@3!%';9Y ZZ2: =C>$Q8OH?3*1 7F5J+A_MCI+-440*J\B7@? MV)7V^9W9'G UU[+ PF$1-[1Z2AN0*$DLIL*E'$W%L=F"P]+WF K8HK[9J/(K M[53360M_I%G2DB-^9Y(VQHT5[=6ND\5G*8,K!6Z?468,1:23 "N25",:Y=(A M#L&@;UK!^S49 SZF+"FKS!1ZGT.DGCE$TV?J_^7BW-/_1F'N77MY8>9WETFS M'8_N!IZW60+YGLV8N -@SDF>9P^)[_@B9)<0 -"E8U'#?/'_8(IM)<0XBIAG MQB*V61&>ZI6Q9)D9C6$QC3X8I,XH+:I##4Q0,.&"*!UTW!N/<@]75"5-F]XY MR_RWRG:L\4FL>4DV4 6&I@MCD]P L(\N.E1*CWZJ#QZ#H2%RXYH!)]=F""5 M?S-C*D0'0#(M'HT6)QU0,4NJ1]"A<&= 4"?;B6ZKEGZXP-#"BTF9+,76]5@" M<;M,RC+1H^41?=!0,#I)?UXU"8Y#Q\^>N%R0853S)IORN^19XMHUCVH*JJ<2 MW M@'P]%R0Y6+*OG\")R;-%7)(-3'T&*9<>)WF)(@?-G5754<,:+EN6-' M1H8/H.> XJ*L&(TQ.%0[Q:;Y"Z+15$FLZ)I-"+QTG^%*70B M=JBH98=J"FQMCL'Z&_SK]9JO$9:G@77#JJ^8RQY#R"Z=8'[$OX MB!*.6[CLLL!3DK+&Q&?@]I?T53OVMK%_RV741QN;)9+@H(\K*JFS'J,KU&D^'C\Z]@( MX52\42L_8BWH16':+;X:LI.5OCIVO^+2E'S_=)LUI_PVG(HG??S.AN-+'#T& M!'$ /OOG8@W-FF"[.PP[T%+\7FXK.4>S>8%J14\'![8"RM&F78O!4VX:272V#0\E7:H=$V#X@!W:YPEQQ\*D65.$ 1#+ M["'E8K0BJ5IOZO%8! :C/+2D!K,&,6S)*65>V+6REJEK[?>[" X&]A+];** M"7W(8B.'N7/Q46E50/NVM:AF6D;1[2JF>,U0LIDJW,=7>B9S,7_E!EJ$T+D& M7+F+K2T)CBE5!MT)J6VAFD/]S-RHFJ>A4 D-$4^2[A3+6FR3'XX"H,(-9;++Y[# M"7X>!F^O3.D*2TI;3/Z=WCX_W>H-%=^OQ4O&'NB\I=M:-W+DW-N;Q?9\ES3W'[RH*LWZSXJB/2$]%F6;[M;B7] ML3(VKIFI,-LXVSTV9'?A%/G*JGW7_[7A'HT.\DE5%5(&Q(EMTC M,VDH,#P[B<_1I*[-*Z6G1A6=G?;/N-+[Z5%_Q+4."V?&5KSA5X:)?/4^!O%@ M,(*=WUW] MXR>@4]'5S^BXW[_"[1E7N&T.8$H,VBPNV++C+]^_D-<+*@<.XY/ST7_)RH$# M3!09D_",=2#:"?CQ"XL$OKB*UM=7[PN;9/:*>J-=^]TUM?BX+:MB4,*P?J], M=$,!9#L <95EJCERI@-\4Y SRI^^;Y6_R]'E*/H1M.V5557Q-Q.=X1@3=@EJ M.KIT$J3.TDY,PA0G^F7%1FP5)U5)44)-15LY2;OD[VTU.^,#&JB'J'WS M,4B+-.D[V]R3@L&EO=4'[=]YH'\=-@=YK6WFW0Y0M"T.R'Y6DP?-O,HAI M\.CVKY@A3LU\ AKL:F6S?6%.P+=46V< VA*6LV[IMOJBE2R\5GUJ,U=KV:>< M L3N:JWJ B<.-RT1^PVWB:T?30^QSF:N6^KL7JC]9JH5#SCT3%PI;GL>N\ET MD6DH"07X>Y#4P(?]H3?_FNP+IR=Y /I4A]2XZQ-0/NMV>'NY7IA"'0]KQX/" MEF4J"JQ=!:ZT_30%ME&$"=$VUL)^\3\0:/*6[)+\[G6E:?^OR9)9!]E&WO0>U3ZE=*^L])C*? 9:P',A^5[$!LZ3*#:F;+G# MP6GWVE4O]HYZ+0$,MFLJ=DS-2C6-V5HT?'AQQ(X"XHIH[V-ZS[U)1.?!%I_Z MMAZ.+QRBND\D2#P\77U#38Y%WBV^M=O)9=5G_L2TG0]V>@R_YEHNV$+F:#I^ M!1),1@D,8)=OT#6VH^ _A&-@50**W2 W64GK\7NFKHI:/,TT%T#.U#4 @"[6 M9:-X!UZ;-;9L3=PFZ6[C,^3H9@Q,0N.0UCYU;63EBWMY;;P10(;.BV4VC68@ M!]3K,E=RHR&Q(+Y]IH:4>%W,LA<;43/S1K=1%\"ZG Z&M;=^^=9#,?M%1J52 MER&-V;L:P)E@W7VBO;V%LFAXX/TV[NAS&5FIT M?_'*A<7.ZN0E+__$U3H%>_@DO,P39[VF/:#1^IQC:A2Q@6NVP:I3*$:%CY5+ M]Z0)]1VFFP5+;;$RH4\VA_VM&3-V-M'%1,O4;=W.>)F5-BK- RLV%ZO07O&4DJ\BRU=K"0;#:9V; M+^*N0[^=^G\^U&<9EY:25E8;HB*R7+];A.]I=#;$0GIWE_#'N#K=T'Z.WMP&68Q 4/VUF=G!VEDJTD)Y.Z MZF!4;[+IV7])_W92[H ! -%X*J9\@=?Y@@KF4+R;Z5?/4AEZY+DZ6).9FT;7 M.K]4C+53XLA(CLB!2K$!O'>*MA<3!!:1YD4S58CY)\L^5:833H(E9O;:L%DGF8_: MQAWN_B3%KAVRB5G?9?:0Y9P7Y5!EQUN!-Y[PR?;!4A>L2OI"^\SH$D5MC)R! M%/&MP,)&61'I>G\L2M?&1KM7>R7>%U0YLB5&]W$-/"+M$OKX1AR$%[E$3DIJ*&ZH&9:# M>!O8Z?Z.B&UIL=X\C;S0T8E)TJ?I\?9]034;?\'=\\[;]^%"Q0(KMNSQBK=M MD_Q:4<"CZAA$*"SLDL H6GS/ M@/1IKYC/471"&SV:@!@(I)RI2B919U/3,I+V,UW#8C FT$!&"X4R]6 %HD1= M14(#*949-VL*YK:]; WXSXKUI$;%TTR256ZV,D:1L&6"23() MZI@5B#*X@)6&ZR34MCJPCX86OO.%J/U+B.@S'>WJ8T^0=IJT]Z/7Y(9:LG[! MQ! 0L7AR%"H;;%-1KSWTL2^\O %RM-CN$!UF!EJMZ5G1C]XG%!MHVGZ3QE(Z M&@M^0+W4O-JFB>TUUD<";'?G(QAN-T*$P@B2W@)M*RS04&"6O>;&/O)D*UNI M:B2N8#+(DD7G%%:$(&VJ8VBK-M70?*U.[$"E=VONH"&*K1ER=*+D8WU M-K31QW"*=F%"$3"XT'=$"5CX/+!VA@7)#MH01$1#9^^QVYH6*X'F#T@Z*JF@ MBA3*##Z!CWJBS#G]W\P+6=XCH40>'OI/76GXH#7X) 5*Y ]^J )+,4T:433B M5G25GBIU"&E38:0':>6"S7QKTOC$61Z!UQ"M=Z7SH+39QVDYA'QSDX>M . MNRJ:%O8X^IQCR!EFO,Q$=>?5?&],/\;RTH =.U@K]Y0520+H]JV0Q9G$PQL[ M4QAAU-MM#]4>>0,GY+ZW$)R2^=J#L_O M%?ECI+2:K50VLEA5,WJ@%UTPT3L M\0P@SCETWKO7#6!)\T9.\:9U4097+H1\!__X^MHN6FL%2^QV+*W?LK"NG AL M!U&<-+861L41%R*G$D)K,C1BH2_JPT'.(FO$QOY$U!TPY9@2TR^5W2U9"6P5 M=;TI_9CRJN5**' +$$=-%HP:,50#< M>%#1RAI;PD512F3PDEW;*5F<3AMTC */1'@&U&&?@-2$]_>VFX*J=PG5/0&4 M,Z7Z?(UIP\7+U"6]LNFN@XBW'$!%033&0JY45-"PG=R36A<+FN;\ R)?WH83 M4+DHCY3F1WYIZ_2HYXJ"RB7"RW8)V.Y1$ZW 6X6[.P?]; 0W9?6Q58G.,;8Y M]D7NN9P0J[GBHD 1K4NP^>G&QOT9YBA<4V5REL;H=GJ>.=TCT $2Z1+/BTF%%S7F>IT M3Y#B^F6>$5JSW^H+.1BD7BV5Z#YRWGY*X: 6./\5:D*SC-T1[(6.O"4G-W J: M&+5J/?B>OZ^1]/LE6:)W4-RA5959=[C>4Y.EWBBI*\(G<=X]F+^L3K2G:6V$ M@*RT083B @ES_K:^S]$'HL &XLW"8:H?H_:'C3A\$>Z8V!+9%+)(EG')_5AA M6D[ 2^)% W+U&%_25$INS.^[-5YVZ5-94N+$Y+)S(PH-4=*5TVTDKW"EQ@68 M(EUI5!4RMHG!$>N"4S'R]QSV26E)C7AQ%VY&\!*@U,EG=&2V:OV(_8=K/G$[ M>LR<%,Q[W%2D.:VK9IPD?Z!Q#MZ/S!V=UNZ KC-NN&NRYF=,B?K-/ MLP^&! M*ND2_;7&\]7ZWA10$+3%M2/ M+DV=@I9((UJ)"'4+BE20FA2Z:[G*@,(VK99BON#*=6F%]!<$>$Y2J_L-/-7R MJ9&63[7J?4\XL7&?M+]EP;N1\\PDG: M6$;"!E0&MFCC$CDF-3B$'XQ.6BJH-*PA&RSGK9L[IFGINA&W7BC=RHV73)&3 MF-PS4Z+H%HYY06B*-$]2+MNT4YLEJKF4/X1DQW8U<0S?,:$:Y(@82AE'_:_? MM\46?QS$6D*R%92=/BP]W^K.%UJ:O8TT8JPJLXKWB$U$^3-B%A6/U)9L9RE7 MGDNE? JY-:WT3F"OLB5H?Z6-44+I". ." &RWE3[3QE]6N+RPTN(#HQM+":J MI=G$%$#)H=W&K6A7,_^D2O9SEQE,CW7JOW>&7,,%$(^?#,Y%/ MRUH6F'8 1R9Q$+\GG<\8QTLG5%?ZM)H8,N7H5>JM5 H\].WVM^[;"Y=)#&]" MUD^R#/\3O>HDF,/)K]4*KQ].O4J ;,)I!KIHUCT1"Q:P]ULAJX&VC%/>GF"S M]S:<76A"KRB[66X7V($"S<,P@/XY% I*;U=XJ;(*:WO1:7GAZ]S9,A0O:JN, ML0_7QP -(O')A!2X40/-4U9I)#[&7E%@S^GQD03V?#*1FE3 0.[,/3H'__J7 M?[62PV/7B4]P")N.");*$1&5,(GH'@ MF*7(L+B)'^G "JG&C#O3!7A-S!;%:A.E&8>X.E#EQGH:)YZI>\O/H=EAIVHQ MI*X,K\X'6:5:JQB./9.G9W32U X4!7JOZ36IWR!Q9)AC@\@V.#/9IA)\[^Y[ M"TK8X'?.E#!M.3BH7M*@GWPT[H$$Q2&C]7(?+[<;PM'PENM):Q]96[3#V> G(#,+^J'5V9F& MDS+ Q!\H0]HZ+H*+YPJCE:4@/M')\"*(-LQJ7' 4[YPZ#D"9";R(]B6@*+1:(DG8]HQ502:.W.-"C:?40I'M5<[R_<(%#JI:9&RPT M>2OXN2Q^2<5-.);YB6.92;RFBK"<1DAV&"YK E>34L1L0Y,V6_N83MEHHIU' MW90PT'GPH@73&_;^$),1J5BXL0R1[&1;EJ]71 \X>/H3O=<[.J<82#5RTB:U MUI6!MDG+[WF@NK*PIJN2'@B7>M"Q&$XK$N5 MFLCK_6,A_1FPU#O6C[7)R-;Y$EC&N(=%L[63PAT%GU^VI'XCQI, Z4F36#C M%. >>H4EF]/=%'UZVCL:N@#&?VN-6UN)V3G"AW4VLY&1CF_=>0=#G3/6MQ)R MO#!;7Z#[8$%"'K'(F5 49^I^]%/QC(*^)(A+-/VO#)/&T5+6<*QT*M9C1Z.A M'UR]QJZVH;G8FRB/0RD _>B=S&OZZO#,IGVY2%-^0H^1SQ-'>=)$2%ZCC>[+ M9UJCJ%?,>VO=D(V[UOO+=8Q@F+4X"]T&V?2)BD0\!=)Y=A-J)0ZN&J:V\L&P M$3P=RZFEQ(JY^I1P'UIYDGMW&@G8QH;NPZ$3A''HULJD!_A+CHZ[@^N"EF1' MIS05G1%Y1O-<>!3EZB;C10!@\UCWB*ES8.@@*N4>F%H#Y(*S*;UHOU#+-S?- M,C'24NWUC!UA"292)S.;SF" W9!>7".V39IDALC6/F8-YG:*E6>_/%;.LMK? M47]KBIT>[4=BSALDYGQ_$A,0Q"V9/=*/O>RC@M)9]SKS#)195R5TC@@N?X M_@8#DLPZ.V4':D].R\"/P[6%_.3/7ZCE@U3CP7[7<]>HXSVH&H4+E(>LJ.<. MGX96^]YQ=UG;8_68-0,3OV2'<4N*!*HC[5\"Y9YR"5H%4.Y045LO4HW7L=X3 M=E_X[HZ&J\-XA%[F"_O?YYX0?ZDMW[H77%INR[UV^09S#S*^:)\X;.0=AH1H MGR]_QUX:SFL)K*8[JU'6?G#YZ#QZ%1W'Y[AE !_^?38VU!=\ M]5"B0Z47'9\=QR>#4_CK'0[=BX;Q^.P\/CDY=?ZZ,O$RI]@):'!RK/]I91[$ M)MW@+#XZ/HV/X27XW]%)/#@^)ZGKA^YXD(/1:!B?P$8.HP-L?#<>GT2'H3G0 M\?4*QCT=X";']/=P>!R/ST=M!Y0MD%?]+6T%:/$^AUR%F\?MA]#_?V>X_]S. M<"\A?&]2(.0+ %]/:%J@&J9/9_[E/2VN53_NPJ6/3KF>*X]&7OHT\DIIY ?8 M+AF"HW]YAY+J-8"@:M>H"Y%=#@'F-HL-+_-.$OP[GTIV[>TK( K(^061%"'[ MZ>Y-=/"J?<%>PJ!DM!;4K>60LAJ]G,)@RNR6E-IV[I0")/K7Z#WL2-..H^?MM(\:PMB%:7K?M4G;SO>:;VUG>'N,"KVL% M'^V6!KK@%Y [ M0O+"UTC=EQ)"10=-Z^>_,Z__Y_[2N^K0&Q?R$WPL. M,F2F>BR#O(J^[^!\M"QEP2]ZNVL3('2T-K$W +?>P^PU ?#XU=_\S?!HU#ZN M,DVH8A9BXK]&H>-&K[%7.;,ME9 AP.2-E5*!W>VWB2C=VN08!*U?;W-L:0U3 MITYUI_C TM#&5$HW%M-=;U:F'P/ZFY/%(NB5N'S,4M?G?H M\I0K\O:RIK GU&I(.TP@ MQM'YX3-V4+T::A,F:0NG/@&*941PF+ AM-AD$AF9?7%,O8E-AUDS5OS8CSF:S@OY=>W[TV><8"/JZRD M.0EM74NZ;O8FZ:S.U1)>0\3AO=9MT6(LJ"YUL2 B>8/3-H>8U"Y9WG'?I-;] MH]2+5OV<;)S6]<&F--P9E:+ASC&V@!U^^<8 BR(Y@QC?@8 M)H*7'*FGY2:A MHB94V*WIJ$3K UO(I"W%N$_"AUNV'*R5:+I M%!W"7+5M)7&,"K&3;Z#>NW_M8,\[!K(&C:\1NR:.3H_VV$:"@.B M6U;9.9P+CE\P3 LHOV0L#TPO&&BWE2QVC[(YWIDX^ 8#I1S:1F88\/>#@* M,^!1!X!6I:7;8>WM*#PG0:]KL>Z)ZX'+.6]KR,%,&+DH,=:V^7!B?2C=U<&N MV6G=E3ET%R0M.SXB1.^^$>'/MJJBXEIW&VW [35!BD%+)NH"6P?U&X^@&[%H M] '=^KG4Q*2ONS>;F>O?L5+-))?*4$E%ZJ/(FTWK$IIOVUJGDE?9D*@>V]I_ MQ%_#V[<;Q[6-NENW7P)RU?Z6!K3+;K78KD6G*%PYXT>>KZ64:@H#)=)AB,4F M2Q>MUX)2G/GVB3HT4\Q2&3!,#(;!S[' =6^.%1F]MH;-UX;]T:#U[; _'+=^ M'/3'[5G\$LH"FFYK.[O#0[J3'(Q$"K5AX4H=+28C)R*U%'?H(:)X/*6"X( 9 M!]EAQ-TB35U*)0OM5L32$>$@@X_X\[T_U="-*;> Q.M0IJP!:6APXY/A24L? ML7O@'NZ.L!84F+@&$7-<3,+N_52%+OVP3HDQ88W=7^J'7C M--."Z:I51M'C$AU;&_17OS MK/I_97_S #5MM,S**H_WV8UM >AM'LX) 4@Q/?&"FAMV1OS);T]O+'7;VX!A M"Z[^:;O9F!B_N[NK<\V19A5Z&E":KK<-]M/'#/NSKK5>*4 C>\ SE6PBW=3^ M%F=KI=["@YJ-N1*_0Z]OEN9.Y@,/ELVL?Y.*(5V#AUO?-I8P:C[JF-5L([L6 MK&[S-$+=.'(X]<5.BWQ++D+@4(I@HQF/=FTM MP02*PV@4GXZ/&G9C?,GPOL*Y70(<&X))H7&64[8@L\<""/W=E4TJBU4>*@H@Y> M4\]99(C$#+K._UYKS& 1MQ#WIS%QB+^M3.'>C "3YM-B3>8:V]8^\^HH8'B[ M9@-BA37V(IG<*ZQ]J:45- F/&\K:EC::%N>.JAE?6/ZMDEHG-AZ;4DMFUKQ/ MQ;9(B)A0XW==-/JE5YF&AF)8N,E/<,TI1C"G"FYRF*6Q^8Y"C&<%A1'K- &FK&IK$(^')_<-A4Q7ZQ66 9C9<@X&TGT*"Z-">9CUB-5 M+8%2N<96I2,*A&4RI=VRS*2UN4T:&LL5=BLMT6)%XJQHBHU T*HY7@!/>&** M:-=A9NT^0URUT#0A[8A$?'O;21?=9WM$3C5?WQ&!4=4(3.A;\,V<9W.T,X^/#G%H21OC MKA^/VNHA4,#0']2MU^/FB[0D0:Z654?C@7%L6N.4LXU$&T#&I* MR*$.[O'\QUJMJ.-D;=W7E]J-KQ50VQ7*A$;FX;#+T+Y1Z_3Q"V?N"NJZ2]// M'#>QHD[*K:"3#WZ%;Z>D8>O-Q*K>+(;HIP9P+3G7/7R_EG@'L=GXU-* MPQZ/?QT;BJ)A+]R>I(XP>57/Z]60[3+TU;'[%8? ,/F\0^6]C"@SQ[?7X<)/ M^OB=4X">>0Z:))A9,?>)-6QB@O58T,6M:5J>E,:MV,CZQFZ%_C8/Z9F:99WZ+98!N>:F-%UP27@4[]_/<@M;,W$63OBH9!.6VZM(G)WVS]K6 M\=.C_JC]Z]E)?]C^]>0L-$*;?;O0Z6;N\'";".*Y9?>,^0@LI8N*[_:6B;^P M*[#"&V"_<,_OJZK^W?\"4$L! A0#% @ =(9N22P9>86= 0 S!( !, M ( ! %M#;VYT96YT7U1Y<&5S72YX;6Q02P$"% ,4 M" !TAFY)2'4%[L4 K @ "P @ '. 0 7W)E;',O+G)E M;'-02P$"% ,4 " !TAFY);;-OU%X! !^$0 &@ @ &\ M @ >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"% ,4 " !TAFY) M#-X)3%\" "$" $ @ %2! 9&]C4')O<',O87!P+GAM M;%!+ 0(4 Q0 ( '2&;DGR3MUP/@$ &D# 1 " =\& M !D;V-0&UL4$L! A0# M% @ =(9N2:7K6QE&PO=V]R:V)O;VLN>&UL4$L! A0#% @ =(9N24*6#TA# M @ C@< !@ ( !/Q0 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ =(9N2771\M1E!0 9AH !@ M ( !&AT 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0# M% @ =(9N23/=.(:A 0 L0, !@ ( !@2D 'AL+W=O M&PO=V]R:W-H965T&UL4$L! A0#% @ =(9N28,AO/FA M 0 L0, !D ( !"2\ 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ =(9N29RBGPVC 0 L0, !D M ( !D30 'AL+W=O&PO=V]R M:W-H965T&UL M4$L! A0#% @ =(9N26T/?$:B 0 L0, !D ( !^SH M 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ M=(9N2:67:2-S @ &PH !D ( !VD 'AL+W=O&UL4$L! A0#% @ =(9N23'F_/PY! M:18 !D ( !O4@ 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ =(9N24>'R>1L @ X0@ !D M ( !3U@ 'AL+W=O&PO=V]R:W-H M965T&UL4$L! M A0#% @ =(9N22^)5,^65P ($@! !0 ( !<5\ 'AL H+W-H87)E9%-T&UL4$L%!@ D "0 K@D #FW $! end XML 39 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 40 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 42 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 97 193 1 false 29 0 false 5 false false R1.htm 001 - Document - Document and Entity Information Sheet http://zonedproperties.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 002 - Statement - Condensed Consolidated Balance Sheets Sheet http://zonedproperties.com/role/CondensedConsolidatedBalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://zonedproperties.com/role/CondensedConsolidatedBalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) Sheet http://zonedproperties.com/role/CondensedConsolidatedStatementsOfOperationsUnaudited Condensed Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 005 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://zonedproperties.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 5 false false R6.htm 006 - Disclosure - Organization and Nature of Operations Sheet http://zonedproperties.com/role/OrganizationAndNatureOfOperations Organization and Nature of Operations Notes 6 false false R7.htm 007 - Disclosure - Summary of Significant Accounting Policies Sheet http://zonedproperties.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 7 false false R8.htm 008 - Disclosure - Rental Properties Sheet http://zonedproperties.com/role/RentalProperties Rental Properties Notes 8 false false R9.htm 009 - Disclosure - Related Party Transactions Sheet http://zonedproperties.com/role/RelatedPartyTransactions Related Party Transactions Notes 9 false false R10.htm 010 - Disclosure - Stockholders' Equity Sheet http://zonedproperties.com/role/StockholdersEquity Stockholders' Equity Notes 10 false false R11.htm 011 - Disclosure - Commitments and Contingencies Sheet http://zonedproperties.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 11 false false R12.htm 012 - Disclosure - Concentrations Sheet http://zonedproperties.com/role/Concentrations Concentrations Notes 12 false false R13.htm 013 - Disclosure - Subsequent Events Sheet http://zonedproperties.com/role/SubsequentEvents Subsequent Events Notes 13 false false R14.htm 014 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://zonedproperties.com/role/SummaryofSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://zonedproperties.com/role/SummaryOfSignificantAccountingPolicies 14 false false R15.htm 015 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://zonedproperties.com/role/SummaryofSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://zonedproperties.com/role/SummaryOfSignificantAccountingPolicies 15 false false R16.htm 016 - Disclosure - Rental Properties (Tables) Sheet http://zonedproperties.com/role/RentalPropertiesTables Rental Properties (Tables) Tables http://zonedproperties.com/role/RentalProperties 16 false false R17.htm 017 - Disclosure - Stockholders' Equity (Tables) Sheet http://zonedproperties.com/role/StockholdersEquityTables Stockholders' Equity (Tables) Tables http://zonedproperties.com/role/StockholdersEquity 17 false false R18.htm 018 - Disclosure - Summary of Significant Accounting Policies (Details) Sheet http://zonedproperties.com/role/SummaryofSignificantAccountingPoliciesDetails Summary of Significant Accounting Policies (Details) Details http://zonedproperties.com/role/SummaryofSignificantAccountingPoliciesTables 18 false false R19.htm 019 - Disclosure - Summary of Significant Accounting Policies (Details Textual) Sheet http://zonedproperties.com/role/SummaryOfSignificantAccountingPoliciesDetailsTextual Summary of Significant Accounting Policies (Details Textual) Details http://zonedproperties.com/role/SummaryofSignificantAccountingPoliciesTables 19 false false R20.htm 020 - Disclosure - Rental Properties (Details) Sheet http://zonedproperties.com/role/RentalPropertiesDetails Rental Properties (Details) Details http://zonedproperties.com/role/RentalPropertiesTables 20 false false R21.htm 021 - Disclosure - Rental Properties (Details Textual) Sheet http://zonedproperties.com/role/RentalPropertiesDetailsTextual Rental Properties (Details Textual) Details http://zonedproperties.com/role/RentalPropertiesTables 21 false false R22.htm 022 - Disclosure - Related Party Transactions (Details) Sheet http://zonedproperties.com/role/RelatedPartyTransactionsDetails Related Party Transactions (Details) Details http://zonedproperties.com/role/RelatedPartyTransactions 22 false false R23.htm 023 - Disclosure - Stockholders' Equity (Details) Sheet http://zonedproperties.com/role/StockholdersEquityDetails Stockholders' Equity (Details) Details http://zonedproperties.com/role/StockholdersEquityTables 23 false false R24.htm 024 - Disclosure - Stockholders' Equity (Details Textual) Sheet http://zonedproperties.com/role/StockholdersEquityDetailsTextual Stockholders' Equity (Details Textual) Details http://zonedproperties.com/role/StockholdersEquityTables 24 false false R25.htm 025 - Disclosure - Commitments and Contingencies (Details) Sheet http://zonedproperties.com/role/CommitmentsAndContingenciesDetails Commitments and Contingencies (Details) Details http://zonedproperties.com/role/CommitmentsAndContingencies 25 false false R26.htm 026 - Disclosure - Concentrations (Details) Sheet http://zonedproperties.com/role/ConcentrationsDetails Concentrations (Details) Details http://zonedproperties.com/role/Concentrations 26 false false R27.htm 027 - Disclosure - Subsequent Events (Details) Sheet http://zonedproperties.com/role/SubsequentEventsDetails Subsequent Events (Details) Details http://zonedproperties.com/role/SubsequentEvents 27 false false All Reports Book All Reports zdpy-20160930.xml zdpy-20160930.xsd zdpy-20160930_cal.xml zdpy-20160930_def.xml zdpy-20160930_lab.xml zdpy-20160930_pre.xml true true ZIP 44 0001213900-16-018483-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001213900-16-018483-xbrl.zip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end