XML 32 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
3 Months Ended 10 Months Ended
Mar. 31, 2014
Mar. 31, 2014
Revenues    
Tenant  rentals $ 28,765 $ 28,765
Consulting fees 20,000 20,000
Revenues 48,765 48,765
Operating expenses:    
General and administrative 54,476 107,741
Payroll and related 105,135 213,723
Professional fees 82,516 473,648
Office expense 7,689 15,958
Loss on expired option to acquire real estate    150,000
Depreciation 3,116 3,116
Total operating expenses 252,932 964,186
Income from continuing operations (204,167) (915,421)
Income from discontinued operations    1,957
Other income (expense)    
Other income, gain on capital contribution 1,750 1,750
Amortization of debt discount (330,399) (331,193)
Interest Expense (49,274) (50,145)
Income (loss) before provision for income taxes (582,090) (1,293,052)
Provision for income tax      
Net income (loss) $ (582,090) $ (1,293,052)
Weighted average number of common shares Outstanding - basic and fully diluted 13,659,422 14,211,043
Net loss per share - basic and diluted from continuing operations $ (0.04) $ (0.09)
Net loss per share - basic and diluted from discontinued operations $ 0 $ 0
Net loss per share - basic and diluted $ (0.04) $ (0.09)