Quarterly report pursuant to Section 13 or 15(d)

SEGMENTS OF BUSINESS (Tables)

v2.4.0.8
SEGMENTS OF BUSINESS (Tables)
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]
Financial information regarding the Company's segments is as follows for the three and six months ended June 30, 2013 and 2012.
 
Three months ended June 30, 2013
 
 
 
Management
 
Restaurants
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
25,000
 
$
1,641,043
 
$
1,666,043
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
6,674
 
$
11,769
 
$
18,443
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
1,085
 
$
128,791
 
$
129,876
 
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(511,128)
 
$
(199,264)
 
$
(710,392)
 
Loss from discontinued operations
 
 
 
 
 
 
 
 
(24,980)
 
Non-controlling interest
 
 
 
 
 
 
 
 
28,428
 
Net loss
 
 
 
 
 
 
 
$
(706,944)
 
 
Three months ended June 30, 2012
 
 
 
Management
 
Restaurants
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
25,000
 
$
1,696,123
 
$
1,721,123
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
196,333
 
$
11,769
 
$
208,102
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
2,335
 
$
84,826
 
$
87,161
 
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(702,737)
 
$
(171,906)
 
$
(874,643)
 
Loss from discontinued operations
 
 
 
 
 
 
 
 
(38,660)
 
Non-controlling interest
 
 
 
 
 
 
 
 
69,687
 
Net loss
 
 
 
 
 
 
 
$
(843,616)
 
 
Six months ended June 30, 2013
 
 
 
Management
 
Restaurants
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
50,000
 
$
3,283,165
 
$
3,333,165
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
32,896
 
$
22,490
 
$
55,386
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
3,275
 
$
240,825
 
$
244,100
 
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(1,133,368)
 
$
(349,057)
 
$
(1,482,425)
 
Loss from discontinued operations
 
 
 
 
 
 
 
 
(15,111)
 
Non-controlling interest
 
 
 
 
 
 
 
 
52,759
 
 
 
 
 
 
 
 
 
$
(1,444,777)
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
$
4,740,796
 
$
3,178,584
 
$
7,919,380
 
Non-restaurant investments
 
 
 
 
 
 
 
 
1,069,983
 
Total assets
 
 
 
 
 
 
 
$
8,989,363
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
$
3,493,189
 
$
1,353,609
 
$
4,846,798
 
 
 
 
 
 
 
 
 
 
 
 
Expenditures for non-current assets
 
$
-
 
$
119,186
 
$
119,186
 
 
Six months ended June 30, 2012
 
 
 
Management
 
Restaurants
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
50,000
 
$
3,083,618
 
$
3,133,618
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
137,504
 
$
255,708
 
$
393,212
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
4,525
 
$
162,660
 
$
167,185
 
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(1,197,510)
 
$
(381,572)
 
$
(1,579,082)
 
Loss from discontinued operations
 
 
 
 
 
 
 
 
(100,523)
 
Non-controlling interest
 
 
 
 
 
 
 
 
132,204
 
Net loss
 
 
 
 
 
 
 
$
(1,547,401)
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
$
4,976,491
 
$
3,344,739
 
$
8,321,230
 
Non-restaurant investments
 
 
 
 
 
 
 
 
772,500
 
Total assets
 
 
 
 
 
 
 
$
9,093,730
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
$
619,553
 
$
1,334,129
 
$
1,953,682
 
 
 
 
 
 
 
 
 
 
 
 
Expenditures for non-current assets
 
$
1,346
 
$
935,493
 
$
936,839