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RELATED PARTY TRANSACTIONS (Tables)
9 Months Ended
Sep. 30, 2013
RELATED PARTY TRANSACTIONS  
Schedule of Design and Development Agreements

 

 

 

 

Total
Contract
Amount

 

Amounts
Incurred from
1/1/12 to 9/30/12

 

Amounts
Incurred from
1/1/13 to 9/30/13

 

Remaining
Contractual
Commitment

 

 

 

 

 

 

 

 

 

 

 

Highway 20

 

$

1,050,000

 

$

 

$

 

$

425,000

 

Schedule of construction contracts

 

 

 

 

Amounts Incurred for
Labor and Materials
Costs from

1/1/13 to 9/30/13

 

Amounts Incurred for
5% Profit and
5% Overhead from
1/1/13 to 9/30/13

 

 

 

 

 

 

 

Bradley Park

 

$

 

$

 

Northridge

 

999

 

100

 

North Springs

 

 

 

Highway 20

 

 

 

 

 

 

 

 

 

Totals

 

$

999

 

$

100

 

 

 

 

Amounts Incurred for
Labor and Materials
Costs from
1/1/12 to 9/30/12

 

Amounts Incurred for
5% Profit and
5% Overhead from
1/1/12 to 9/30/12

 

 

 

 

 

 

 

Bradley Park

 

$

922

 

$

92

 

Northridge

 

135,805

 

13,581

 

Peachtree Parkway

 

1,126

 

113

 

North Springs

 

286

 

29

 

Highway 20

 

622

 

62

 

 

 

 

 

 

 

Totals

 

$

138,761

 

$

13,877