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Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current assets:  
Cash$ 16,310$ 6,738
Notes receivable10,00010,000
Prepaid Expenses5,0000
Total Current Assets31,31016,738
Fixed Assets  
Georgetown 14 Theater (FCET property)5,500,0005,500,000
Computers and Equipment82,92882,928
Accumulated Depreciation(202,604)(82,928)
Total Fixed Assets5,380,3245,500,000
Other assets:  
Total Customer Data Base after Amortization150,572215,102
Total assets5,562,2065,731,840
Current liabilities:  
Accounts payable66,45861,881
Accrued expenses1,9162,002
Accrued interest26,58020,286
Preferred Dividends payable7,5273,006
Short term Notes payable65,00065,000
Note Payable - Related Party76,6260
Current portion of mortgage payable117,843113,430
Total current liabilities361,950265,605
Long term liabilities  
Mortgage payable4,844,9004,934,411
Total long term liabilities4,844,9004,934,411
Total Liabilities5,206,8505,200,016
Stockholders equity:  
Preferred stock, authorized 10,000,000 shares of $.001 par value Preferred A, issued and outstanding is 10,0001010
Preferred B, issued and outstanding is 300,600300300
Common stock, authorized 200,000,000 shares of $.001 par value, issued and outstanding 107,953,725 and 101,316,138 shares, respectively107,953101,316
Additional paid-in capital8,498,9498,297,582
Accumulated deficit(8,251,856)(7,867,384)
Total Stockholders' equity355,356531,824
Total liabilities and stockholders' equity$ 5,562,206$ 5,731,840