XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (Unaudited) (USD $)
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash $ 36,637 $ 0
Accounts receivable 7,981 961
Prepaid expenses and other current assets 163,192 3,671
Total current assets 207,810 4,632
Property and equipment    
Total Assets 669,800 663,569
Total Assets 877,610 668,201
Current liabilities:    
Cash in excess of available funds 0 20,756
Accounts payable and accrued expenses 438,849 417,802
Current portion of deferred revenue 100,000 100,000
Current portion of notes payable - related parties 4,450,595 4,409,495
Current portion due to related parties 1,578,752 1,539,045
Less current portion 34,214 35,564
As of March 31, 2014 and December 31, 2013, accrued interest payable - related parties related to the notes payable - related parties totaled $5,507,907 and $5,400,781 respectively. 5,507,907 5,400,781
Total current liabilities 12,110,317 11,923,443
Long-term liabilities:    
Long-term portion 85,351 96,327
Deferred revenue 150,000 25,000
Deferred rent liability 637,054 647,999
Total long-term liabilities 872,405 769,326
Commitments and Contingencies      
Stockholder's deficit:    
Preferred stock, Series "B", $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of March 31, 2014 and December 31, 2013, respectively 0 0
Common stock, $0.001 par value, 50,000,000 shares authorized, 4,624,123 and 4,522,123 shares issued and outstanding as of March 31, 2014 and December 31, 2013, respectively 4,624 4,624
Prepaid equity-based compensation (8,878) (10,294)
Additional paid-in capital 14,408,270 14,408,270
Accumulated deficit (26,886,988) (26,744,979)
Total All-American SportPark, Inc. stockholders' deficit (12,482,972) (12,342,379)
Minority in net asset value of subsidiary AAGC 377,860 317,811
Total stockholders' deficit (12,105,112) (12,024,568)
Total Liabilities and Stockholders' Deficit $ 877,610 $ 668,201