Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

v2.4.0.8
DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
Assets and liabilities from discontinued operations
 
The Company had assets and liabilities for the periods ended June 30, 2013 and December 31, 2012, which is presented in our balance sheet, as follows:
 
 
 
June 30,
 
December 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Cash
 
$
287
 
$
24,471
 
Due from related parties
 
 
55,070
 
 
19,864
 
Assets from discontinued operations
 
$
55,357
 
$
44,335
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
9,031
 
$
14,328
 
Liabilities from discontinued operations
 
$
9,031
 
$
14,328
 
 
Net loss from discontinued operations
 
The Company had a net loss from discontinued operations for the three and six months ended June 30, 2013 and 2012, which is presented in our statements of operations, as follows:
 
 
 
2013
 
2012
 
 
 
Three months
ended June 30
 
Six months
ended June 30
 
Three months
ended June 30
 
Six months
ended June 30
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from Chanticleer Investors II, LLC
 
$
-
 
$
61,793
 
$
6,698
 
$
6,698
 
Expenses
 
 
24,980
 
 
76,904
 
 
45,358
 
 
107,221
 
Net loss from discontinued operations
 
$
(24,980)
 
$
(15,111)
 
$
(38,660)
 
$
(100,523)