Quarterly report pursuant to Section 13 or 15(d)

SEGMENTS OF BUSINESS (Tables)

v2.4.0.8
SEGMENTS OF BUSINESS (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2013 and 2012.
 
Three months ended September 30, 2013 
 
 
 
Management
 
Restaurants
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
25,000
 
$
1,581,245
 
$
1,606,245
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
377,978
 
$
5,617
 
$
383,595
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
1,085
 
$
128,041
 
$
129,126
 
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(1,251,160)
 
$
(199,264)
 
$
(1,450,424)
 
Loss from discontinued operations
 
 
 
 
 
 
 
 
(4,403)
 
Non-controlling interest
 
 
 
 
 
 
 
 
31,355
 
Net loss
 
 
 
 
 
 
 
$
(1,423,472)
 
  
Three months ended September 30, 2012 
 
 
 
Management
 
Restaurants
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
25,000
 
$
1,710,632
 
$
1,735,632
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
28,097
 
$
11,486
 
$
39,583
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
2,444
 
$
95,439
 
$
97,883
 
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(492,334)
 
$
(282,028)
 
$
(774,362)
 
Loss from discontinued operations
 
 
 
 
 
 
 
 
(18,913)
 
Non-controlling interest
 
 
 
 
 
 
 
 
53,509
 
Net loss
 
 
 
 
 
 
 
$
(739,766)
 
 
Nine months ended September 30, 2013 
 
 
 
Management
 
Restaurants
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
75,000
 
$
4,864,410
 
$
4,939,410
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
410,834
 
$
28,107
 
$
438,941
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
4,360
 
$
368,866
 
$
373,226
 
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(2,363,459)
 
$
(569,391)
 
$
(2,932,850)
 
Loss from discontinued operations
 
 
 
 
 
 
 
 
(19,513)
 
Non-controlling interest
 
 
 
 
 
 
 
 
84,114
 
 
 
 
 
 
 
 
 
$
(2,868,249)
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
$
5,046,476
 
$
9,919,476
 
$
14,965,952
 
Non-restaurant investments
 
 
 
 
 
 
 
 
1,062,062
 
Total assets
 
 
 
 
 
 
 
$
16,028,014
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
$
3,970,112
 
$
2,852,791
 
$
6,822,903
 
 
 
 
 
 
 
 
 
 
 
 
Expenditures for non-current assets
 
$
-
 
$
215,861
 
$
215,861
 
 
 Nine months ended September 30, 2012 
 
 
 
Management
 
Restaurants
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
75,000
 
$
4,794,250
 
$
4,869,250
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
165,602
 
$
267,193
 
$
432,795
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
$
6,969
 
$
258,099
 
$
265,068
 
 
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(1,410,843)
 
$
(937,165)
 
$
(2,348,008)
 
Loss from discontinued operations
 
 
 
 
 
 
 
 
(124,872)
 
Non-controlling interest
 
 
 
 
 
 
 
 
185,711
 
Net loss
 
 
 
 
 
 
 
$
(2,287,169)
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
$
3,250,439
 
$
3,897,704
 
$
7,148,143
 
Non-restaurant investments
 
 
 
 
 
 
 
 
1,104,309
 
Total assets
 
 
 
 
 
 
 
$
8,252,452
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
$
407,935
 
$
1,429,069
 
$
1,837,004
 
 
 
 
 
 
 
 
 
 
 
 
Expenditures for non-current assets
 
$
1,346
 
$
1,167,845
 
$
1,169,191