XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
3 Months Ended 4 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2013
Sep. 30, 2014
Revenues        
Wholesale sales $ 39,263       $ 57,021
Cost of wholesale goods sold (25,085)       (42,408)
Net wholesale sales 14,178       14,613
Tenant rentals 28,764       86,294
Consulting fees, net of bad debt expenses (13,600)       40,000
Total revenues 29,342       140,907
Operating expenses:        
General and administrative 38,341 2,916 2,916 135,872
Payroll and related 136,470 42,199 42,199 373,048
Share-based compensation 1,006,500       1,006,500
Professional fees 143,237 256,640 256,640 344,291
Office expense 17,447 11,304 11,304 46,591
Depreciation and amortization 12,598       18,830
Total operating expenses 1,354,593 313,059 313,059 1,925,132
Operating loss (1,325,251) (313,059) (313,059) (1,784,225)
Amortization of debt discount (227,977)       (645,858)
Loss on derivative liability, net (117,633)       (541,397)
Loss on option to purchase property    (150,000) (150,000)   
Interest expense (75,799)       (203,909)
Total other (expense): (421,409) (150,000) (150,000) (1,391,164)
Loss from continuing operations (1,746,660) (463,059) (463,059) (3,175,389)
Loss from discontinued operations    (8,957) (8,957)   
Net loss (1,746,660) (472,016) (472,016) (3,175,389)
From continuing operations $ (0.13) $ (0.04) $ (0.04) $ (0.24)
From discontinued operations            
Net loss per share - basic and diluted $ (0.13) $ (0.04) $ (0.04) $ (0.24)
Weighted average number of common shares outstanding - basic and diluted 13,545,738 12,792,820 12,792,820 13,476,962