0001493152-16-012375.txt : 20160815 0001493152-16-012375.hdr.sgml : 20160815 20160815115953 ACCESSION NUMBER: 0001493152-16-012375 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 68 CONFORMED PERIOD OF REPORT: 20160630 FILED AS OF DATE: 20160815 DATE AS OF CHANGE: 20160815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Algodon Wines & Luxury Development Group, Inc. CENTRAL INDEX KEY: 0001559998 STANDARD INDUSTRIAL CLASSIFICATION: LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552] IRS NUMBER: 522158952 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-55209 FILM NUMBER: 161831063 BUSINESS ADDRESS: STREET 1: 135 FIFTH AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 212-739-7650 MAIL ADDRESS: STREET 1: 135 FIFTH AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 10-Q 1 form10-q.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2016

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to _____________.

Commission file number: 000-55209

Algodon Wines & Luxury Development Group, Inc.

(Exact name of registrant as specified in its charter)

Delaware		52-2158952
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

135 Fifth Avenue, 10th Floor

New York, NY 10010

(Address of principal executive offices)

212-739-7677

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this Chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]		Accelerated filer [ ]
Non-accelerated filer [ ]	(Do not check if a smaller reporting company)	Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ] No [X]

As of August 15, 2016, there were 41,606,954 shares of Algodon Wines & Luxury Development Group, Inc. common stock, $0.01 par value issued and 41,602,543 outstanding.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

TABLE OF CONTENTS

PART I FINANCIAL INFORMATION

ITEM 1. Financial Statements		3

Condensed Consolidated Balance Sheets as of June 30, 2016 (unaudited) and December 31, 2015		3

Unaudited Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2016 and 2015		4

Unaudited Condensed Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended June 30, 2016 and 2015		5

Unaudited Condensed Consolidated Statement of Changes in Stockholders’ Equity for the Six Months Ended June 30, 2016		6

Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2016 and 2015		7

Notes to Unaudited Condensed Consolidated Financial Statements		9

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		27

ITEM 3. Quantitative and Qualitative Disclosures About Market Risk		35

ITEM 4. Controls and Procedures		36

PART II OTHER INFORMATION

ITEM 1. Legal Proceedings		37

ITEM 1A. Risk Factors		37

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds		37

ITEM 3. Defaults Upon Senior Securities		38

ITEM 4. Mine Safety Disclosures		38

ITEM 5. Other Information		38

ITEM 6. Exhibits		39

Signatures		40

PART I FINANCIAL INFORMATION

Item 1. Financial Statements

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2016			December 31, 2015
	(unaudited)
Assets
Current Assets
Cash	$	584,218		$	110,645
Accounts receivables, net		208,274			232,789
Accounts receivables - related parties, net		494,429			333,911
Advances and loans to registered representatives, net		339,849			189,612
Inventory		1,134,325			1,184,268
Prepaid expenses and other current assets, net		575,923			602,800
Total Current Assets		3,337,018			2,654,025
Property and equipment, net		3,952,284			4,454,969
Prepaid foreign taxes, net		291,230			360,015
Investment - related parties		87,248			127,202
Deposits		61,284			61,284
Total Assets	$	7,729,064		$	7,657,495

Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$	278,122		$	585,095
Accrued expenses		1,701,587			1,869,808
Deferred revenue		1,443,502			1,384,317
Convertible and non-convertible debt obligations		212,500			287,500
Other liabilities		10,132			4,488
Total Current Liabilities		3,645,843			4,131,208
Accrued expenses, non-current portion		332,645			399,119
Total Liabilities		3,978,488			4,530,327

Commitments and Contingencies

Stockholders’ Equity
Series A convertible preferred stock, par value $0.01 per share; 11,000,000 shares authorized; 902,670 shares available for issuance; 0 shares issued and outstanding at June 30, 2016 and December 31, 2015		-			-
Common stock, par value $0.01 per share; 80,000,000 shares authorized; 41,481,704 and 38,879,333 shares issued and 41,477,293 and 38,874,922 shares outstanding as of June 30, 2016 and December 31, 2015		414,817			388,793
Additional paid-in capital		76,356,930			69,933,147
Accumulated other comprehensive loss		(10,126,739	)		(9,591,274	)
Accumulated deficit		(62,880,362	)		(57,589,428	)
Treasury stock, at cost, 4,411 shares at June 30, 2016 and December 31, 2015		(14,070	)		(14,070	)
Total Stockholders’ Equity		3,750,576			3,127,168
Total Liabilities and Stockholders’ Equity	$	7,729,064		$	7,657,495

See Notes to the Condensed Consolidated Financial Statements

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

	For the three months ended						For the six months ended
	June 30,						June 30,
	2016			2015			2016			2015

Sales	$	339,056		$	269,275		$	782,460		$	841,238
Cost of sales		(404,520	)		(636,612	)		(739,247	)		(1,120,671	)
Gross (loss) profit		(65,464	)		(367,337	)		43,213			(279,433	)
Operating Expenses
Selling and marketing		36,674			82,235			82,878			136,854
General and administrative		2,112,605			2,199,007			4,098,134			4,180,442
Depreciation and amortization		6,086			64,935			52,073			131,668
Total operating expenses		2,155,365			2,346,177			4,233,085			4,448,964
Loss from Operations		(2,220,829	)		(2,713,514	)		(4,189,872	)		(4,728,397	)

Other Expenses
Interest expense, net		63,762			107,291			90,984			153,536
Common stock price modification		941,530			-			941,530			-
Warrant modification expense		68,548			-			68,548			-
Total other expenses		1,073,840			107,291			1,101,062			153,536
Net Loss	$	(3,294,669	)	$	(2,820,805	)	$	(5,290,934	)	$	(4,881,933	)

Net Loss Per Share:
Basic and Diluted	$	(0.08	)	$	(0.08	)	$	(0.13	)	$	(0.13	)
Weighted Average Number of Common Shares Outstanding:
Basic and Diluted		41,055,670			37,416,040			40,096,907			36,707,740

See Notes to the Condensed Consolidated Financial Statements

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(unaudited)

	For the three months ended						For the six months ended
	June 30,						June 30,
	2016			2015			2016			2015

Net Loss	$	(3,294,669	)	$	(2,820,805	)	$	(5,290,934	)	$	(4,881,933	)
Other Comprehensive Loss
Foreign currency translation adjustments		(129,742	)		54,846			(535,465	)		(17,413	)
Total Comprehensive Loss	$	(3,424,411	)	$	(2,765,959	)	$	(5,826,399	)	$	(4,899,346	)

See Notes to the Condensed Consolidated Financial Statements

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2016

(unaudited)

													Accumulated
										Additional			Other						Total
	Common Stock				Treasury Stock					Paid-In			Comprehensive			Accumulated			Stockholders’
	Shares		Amount		Shares		Amount			Capital			Loss			Deficit			Equity
Balance - December 31, 2015		38,879,333	$	388,793		4,411	$	(14,070	)	$	69,933,147		$	(9,591,274	)	$	(57,589,428	)	$	3,127,168
Restricted stock issued		350,000		3,500		-		-			(3,500	)		-			-			-
Common stock issued for cash		1,713,200		17,132		-		-			4,213,368			-			-			4,230,500
Common stock issued for price modification		470,771		4,708		-		-			936,822			-			-			941,530
Exchange of 12.5% notes and accrued interest for common stock		37,700		377		-		-			75,056			-			-			75,433

Stock-based compensation:
Common stock issued under 401(k) profit sharing plan		30,700		307		-		-			76,443			-			-			76,750
Options and warrants		-		-		-		-			493,158			-			-			493,158
Restricted stock		-		-		-		-			563,888			-			-			563,888
Warrant modification expense		-		-		-		-			68,548			-			-			68,548
Comprehensive loss:
Net loss		-		-		-		-			-			-			(5,290,934	)		(5,290,934	)
Other comprehensive loss		-		-		-		-			-			(535,465	)		-			(535,465	)
Balance - June 30, 2016		41,481,704	$	414,817		4,411	$	(14,070	)	$	76,356,930		$	(10,126,739	)	$	(62,880,362	)	$	3,750,576

See Notes to the Condensed Consolidated Financial Statements

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

	For the six months ended
	June 30,
	2016			2015
Cash Flows from Operating Activities
Net loss	$	(5,290,934	)	$	(4,881,933	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation:
401(k) expense		42,506			65,735
Options and warrants		493,158			605,823
Vesting of restricted stock		563,888			-
Common stock price modification expense		941,530			-
Warrant modification expense		68,548			-
Net realized and unrealized investment losses		47,489			133,759
Depreciation and amortization		52,073			131,668
Provision for uncollectible assets		(42,604	)		46,109
Prepaid compensation amortization		1,500			4,833
Other non-cash income, net		(7,535	)		-
Decrease (increase) in assets:
Accounts receivable		(172,820	)		(149,174	)
Inventory		(63,353	)		124,937
Prepaid expenses and other current assets		(127,321	)		(287,211	)
Increase (decrease) in liabilities:
Accounts payable and accrued expenses		(317,128	)		(819,000	)
Deferred revenue		233,882			173,877
Other liabilities		(13,056	)		498,904
Total Adjustments		1,700,757			530,260
Net Cash Used in Operating Activities		(3,590,177	)		(4,351,673	)
Cash Used in Investing Activities
Purchase of property and equipment		(207,586	)		(143,857	)
Net Cash Used in Investing Activities		(207,586	)		(143,857	)
Cash Provided by Financing Activities
Proceeds from loans payable		34,701			-
Repayments of loans payable		(35,128	)		(100,000	)
Repayments of convertible debt obligations		(25,000	)		(50,000	)
Proceeds from common stock offering		4,230,500			5,498,484
Net Cash Provided by Financing Activities		4,205,073			5,348,484
Effect of Exchange Rate Changes on Cash		66,263			434,026
Net Increase in Cash		473,573			1,286,980
Cash - Beginning of Period		110,645			442,725
Cash - End of Period	$	584,218		$	1,729,705

See Notes to the Condensed Consolidated Financial Statements

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

	For the six months ended
	June 30,
	2016		2015

Supplemental Disclosures of Cash Flow Information:
Interest paid	$	51,994	$	121,384
Income taxes paid	$	63	$	16,601

Non-Cash Investing and Financing Activity
Accrued stock based compensation converted to equity	$	76,750	$	73,401
Debt and interest converted to equity	$	75,433	$	-

See Notes to the Condensed Consolidated Financial Statements

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

1. ORGANIZATION

Through its wholly-owned subsidiaries, Algodon Wines & Luxury Development Group, Inc. (the “Company”, “Algodon Partners”, “AWLD”), a Delaware corporation that was incorporated on April 5, 1999, currently invests in, develops and operates international real estate projects. The Company’s wholly-owned subsidiaries are InvestProperty Group, LLC, Algodon Global Properties, LLC, DPEC Capital, Inc. (“CAP”), and Algodon Europe, Ltd. AWLD also owns approximately 96.5% of Mercari Communications Group, Ltd. (“Mercari”), a public shell corporation that is current in its SEC reporting obligations and is a ready target for merger or sale. Mercari is a consolidated subsidiary of the Company and the noncontrolling interest is negligible.

Through its subsidiaries, the Company currently operates Algodon Mansion (“TAR”), a Buenos Aires-based luxury boutique hotel property and has redeveloped, expanded and repositioned a winery and golf resort property called Algodon Wine Estates (“AWE”) for subdivision of a portion of this property for residential development.

2. GOING CONCERN AND MANAGEMENT’S LIQUIDITY PLANS

The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company incurred losses of $3,294,669 and $5,290,934 during the three and six months ended June 30, 2016, respectively, and $2,820,805 and $4,881,933 during the three and six months ended June 30, 2015, respectively. The Company has an accumulated deficit of $62,880,362 at June 30, 2016. Cash used in operating activities was $3,590,177 and $4,351,673 for the six months ended June 30, 2016 and 2015, respectively. The aforementioned factors raise substantial doubt about the Company’s ability to continue as a going concern.

The Company needs to raise additional capital in order to expand its business objectives. The Company funded its operations for the six months ended June 30, 2016 primarily through a private placement offering of common stock for proceeds of $4,230,500. The Company presently has only enough cash on hand to sustain its operations through November 2016. Historically, the Company has been successful in raising funds to support our capital needs. Management believes that it will be successful in obtaining additional financing; however, no assurance can be provided that the Company will be able to do so. There is no assurance that these funds will be sufficient to enable the Company to attain profitable operations or continue as a going concern. To the extent that the Company is unsuccessful, the Company may need to curtail its operations and implement a plan to extend payables and reduce overhead until sufficient additional capital is raised to support further operations. There can be no assurance that such a plan will be successful. Such a plan could have a material adverse effect on the Company’s business, financial condition and results of operations, and ultimately the Company could be forced to discontinue its operations, liquidate and/or seek reorganization in bankruptcy. These condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the unaudited condensed consolidated financial statements of the Company as of June 30, 2016, and for the three and six months ended June 30, 2016 and 2015. The results of operations for the three and six months ended June 30, 2016 are not necessarily indicative of the operating results for the full year. It is suggested that these unaudited condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission (“SEC”) on March 30, 2016, as amended on March 31, 2016. The condensed consolidated balance sheet as of December 31, 2015 has been derived from the Company's audited consolidated financial statements.

Use of Estimates

To prepare financial statements in conformity with accounting principles generally accepted in the United States of America, the Company must make estimates and assumptions. These estimates and assumptions affect the reported amounts in the financial statements, and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The significant estimates and related assumptions made by the Company relate to the valuation of equity instruments, the useful lives of property and equipment and reserves associated with the realizability of certain assets.

Segment Information

The Financial Accounting Standards Board (“FASB”) has established standards for reporting information on operating segments of an enterprise in interim and annual financial statements. The Company operates in one segment which is the business of real estate development in Argentina. The Company’s chief operating decision-maker reviews the Company’s operating results on an aggregate basis and manages the Company’s operations as a single operating segment. Certain activities of the Company such as the U.S. Broker Dealer Operations, are considered a service or support division to the Company, by providing capital raising efforts, substantially to support the AWLD real estate development activities, and are not considered a business for segment purposes.

Reclassifications

Certain prior year balances have been reclassified in order to conform to current year presentation. These reclassifications have no effect on previously reported results of operations or loss per share.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued

Foreign Currency Translation

The Company’s functional and reporting currency is the United States dollar. The functional currencies of the Company’s operating subsidiaries are their local currencies (United States dollar, Argentine peso and British pound). There has been a steady devaluation of the Argentine peso relative to the United States dollar in recent years. Assets and liabilities are translated into U.S. dollars at the balance sheet date (14.9690 and 12.9441 at June 30, 2016 and December 31, 2015, respectively) and revenue and expense accounts are translated at a weighted average exchange rate for the period or for the year then ended (14.3128 and 8.8166 for the six months ended June 30, 2016 and 2015, respectively). Resulting translation adjustments are made directly to accumulated other comprehensive income. The Company engages in foreign currency denominated transactions with customers and suppliers, as well as between subsidiaries with different functional currencies.

A highly inflationary economy is defined as an economy with a cumulative inflation rate of approximately 100 percent or more over a three-year period. If a country’s economy is classified as highly inflationary, the functional currency of the foreign entity operating in that country must be remeasured to the functional currency of the reporting entity. The official cumulative inflation rate for Argentina over the last three calendar years approximated 61.4%, although the International Monetary Fund has concerns regarding the accuracy of the official data.

Property and Equipment

Investments in property and equipment are recorded at cost. These assets are depreciated using the straight-line method over their estimated useful lives. Most of the Company’s assets are located in Argentina and are subject to variation as a result of foreign currency translation.

The Company capitalizes internal vineyard improvement costs when developing new vineyards or replacing or improving existing vineyards. These costs consist primarily of the costs of the vines and expenditures related to labor and materials to prepare the land and construct vine trellises. Expenditures for repairs and maintenance are charged to operating expense as incurred. The cost of properties sold or otherwise disposed of and the related accumulated depreciation are eliminated from the accounts at the time of disposal and resulting gains and losses are included as a component of operating income. Real estate development consists of costs incurred to ready the land for sale, including primarily costs of infrastructure as well as master plan development and associated professional fees. Given that they are not currently in service, the assets are currently not being depreciated.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued

Stock-Based Compensation

The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors, the fair value of the award is measured on the grant date and for non-employees, the fair value of the award is generally re-measured on financial reporting dates and vesting dates until the service period is complete. The fair value amount of the shares expected to ultimately vest is then recognized over the period services are required to be provided in exchange for the award, usually the vesting period. The estimation of stock-based awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from original estimates, such amounts are recorded as a cumulative adjustment in the period estimates are revised. The Company considers many factors when estimating expected forfeitures, including types of awards, employee class, and historical experience.

Concentrations

The Company maintains cash with major financial institutions. Cash held in US bank institutions is currently insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 at each institution. No similar insurance or guarantee exists for cash held in Argentina bank accounts. There were aggregate uninsured cash balances of $265,069 and $45,055 at June 30, 2016 and December 31, 2015, respectively.

Comprehensive Income (Loss)

Comprehensive income (loss) is defined as the change in equity of a business during a period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. The guidance requires other comprehensive income (loss) to include foreign currency translation adjustments.

Revenue Recognition

The Company earns revenues from its real estate, hospitality, food & beverage, broker-dealer and other related services. Revenues from rooms, food and beverage, and other operating departments are recognized as earned at the time of sale or rendering of service. Cash received in advance of the sale or rendering of services is recorded as advance deposits or deferred revenue on the condensed consolidated balance sheets. Deferred revenues associated with real estate lot sale deposits are recognized as revenues (along with any outstanding balance) when the lot sale closes and the deed is provided to the purchaser. Other deferred revenues primarily consist of deposits accepted by the Company in connection with agreements to sell barrels of wine. These wine barrel deposits are recognized as revenues (along with any outstanding balance) when the barrel of wine is shipped to the purchaser. Sales taxes and value added (“VAT”) taxes collected from customers and remitted to governmental authorities are presented on a net basis within revenues in the condensed consolidated statements of operations.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued

Net Loss per Common Share

Basic loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding, plus the impact of common shares, if dilutive, resulting from the exercise of outstanding stock options and warrants and the conversion of convertible instruments.

The following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

	2016		2015
Options		8,820,686		8,956,311
Warrants		1,689,362		1,274,313
Convertible instruments		-		277,155
Restricted shares of common stock		116,667		-
Total potentially dilutive shares		10,626,715		10,507,779

New Accounting Pronouncements

In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The Company is currently evaluating the impact of the adoption of ASU 2016-09 on its consolidated financial statements or disclosures.

In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. The amendments in this update clarify the following two aspects to Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The entity first identifies the promised goods or services in the contract and reduce the cost and complexity. An entity evaluates whether promised goods and services are distinct. Topic 606 includes implementation guidance on determining whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time). The Company is currently evaluating the impact of the adoption of ASU 2016-10 on its consolidated financial statements or disclosures.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued

New Accounting Pronouncements, continued

In May 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients” (“Update 2016-12”), amending Update 2014-09. The amendments do not change the core principles of Update 2014-09, but clarify matters related to assessment of a collectability criterion, presentation of sales and other taxes collected from customers, non-cash consideration, contract modifications at transition and completed contracts at transition. The requirements for these standards relating to Topic 606 will be effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. The Company is currently evaluating the impact of the updated requirements on its consolidated financial statements.

The Company has implemented all new accounting standards that are in effect and may impact its condensed consolidated financial statements and does not believe that there are any other new accounting standards that have been issued that might have a material impact on its financial position or results of operations.

4. INVENTORY

Inventory at June 30, 2016 and December 31, 2015 is comprised of the following:

	June 30, 2016		December 31, 2015
Vineyard in process	$	92,271	$	180,582
Wine in process		858,276		826,851
Finished wine		117,401		104,159
Other		66,377		72,676
	$	1,134,325	$	1,184,268

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

5. NET CAPITAL REQUIREMENTS

The Company’s subsidiary, CAP, as a registered broker-dealer, is subject to the SEC’s Uniform Net Capital Rule 15c3-1 that requires the maintenance of minimum net capital. This requires that CAP maintain minimum net capital of $5,000 and requires that the ratio of aggregate indebtedness, as defined, to net capital, shall not exceed 15 to 1.

As of June 30, 2016 and December 31, 2015, CAP’s net capital exceeded the requirement by $67,139 and $32,078, respectively.

The Company had a percentage of aggregate indebtedness to net capital of approximately 41.0 % and 95.8% as of June 30, 2016 and December 31, 2015, respectively.

Advances, dividend payments and other equity withdrawals are restricted by the regulations of the SEC, and other regulatory agencies are subject to certain notification and other provisions of the net capital rules of the SEC. The Company qualifies under the exemptive provisions of Rule 15c3-3 as the Company does not carry security accounts for customers or perform custodial functions related to customer securities.

6. INVESTMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Company often utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or developed by the Company. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:

Level 1 - Valued based on quoted prices at the measurement date for identical assets or liabilities trading in active markets. Financial instruments in this category generally include actively traded equity securities.

Level 2 - Valued based on (a) quoted prices for similar assets or liabilities in active markets; (b) quoted prices for identical or similar assets or liabilities in markets that are not active; (c) inputs other than quoted prices that are observable for the asset or liability; or (d) from market corroborated inputs. Financial instruments in this category include certain corporate equities that are not actively traded or are otherwise restricted.

Level 3 - Valued based on valuation techniques in which one or more significant inputs is not readily observable. Included in this category are certain corporate debt instruments, certain private equity investments, and certain commitments and guarantees.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

6. INVESTMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS, continued

The Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows:

Investments – Related Parties at Fair Value

As of June 30, 2016		Level 1				Level 2				Level 3				Total
Warrants- Affiliates		$	-			$	-			$	87,248			$	87,248

As of December 31, 2015			Level 1				Level 2				Level 3				Total
Warrants- Affiliates		$	-			$	-			$	127,202			$	127,202

A reconciliation of Level 3 assets is as follows:

	Warrants

Balance - December 31, 2015	$	127,202
Received		25,119
Allocated to employees as compensation		(17,584	)
Unrealized loss		(47,489	)
Balance - June 30, 2016	$	87,248

		June 30, 2016				December 31, 2015
Accumulated unrealized (losses) gains related to investments at fair value		$	(66,171	)		$	(33,058	)

It is the Company’s policy to distribute part or all of the warrants CAP earns through serving as placement agent on various private placement offerings for a related but independent entity under common management, to registered representatives or other employees who provided investment banking services. The Company recorded $3,015 and $17,584 of compensation expense (fair value) related to these distributed warrants for the three and six months ended June 30, 2016, respectively. There was no compensation recorded related to distributed warrants for the three and six months ended June 30, 2015. Warrants retained by the Company’s broker-dealer subsidiary are marked to market at each reporting date using the Black-Scholes option pricing model. Unrealized losses on affiliate warrants of $23,391 and $47,489 recorded during the three and six months ended June 30, 2016 and $117,443 and $133,759 for the three and six months ended June 30, 2015, respectively, are included in revenues on the accompanying condensed consolidated statements of operations.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

6. INVESTMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS, continued

The fair value of the warrants was determined based on the Black-Scholes option pricing model, which requires the input of highly subjective assumptions, including the expected share price volatility. Given that such shares were not publicly-traded, the Company developed an expected volatility figure based on a review of the historical volatilities, over a period of time, of similarly positioned public companies within the industry.

The Company’s short term financial instruments include cash, accounts receivable, advances and loans to registered representatives, accounts payable, accrued expenses, deferred revenue, other liabilities, loans payable and debt obligations. The carrying value of these instruments approximate fair value, as they bear terms and conditions comparable to market, for obligations with similar terms and maturities.

7. ACCRUED EXPENSES

Accrued expenses are comprised of the following:

	June 30, 2016		December 31, 2015

Accrued compensation and payroll taxes	$	1,143,219	$	1,400,498
Accrued taxes payable		120,679		97,428
Accrued interest		249,555		255,497
Other accrued expenses		188,134		116,385
Accrued expenses, current		1,701,587		1,869,808
Accrued payroll tax obligations, non-current		332,645		399,119
Total accrued expenses	$	2,034,232	$	2,268,926

8. LOANS PAYABLE

On March 6, 2016 the Company entered into a short-term loan payable in exchange for proceeds of $34,701 which was used to pay certain payroll and payroll tax obligations. The loan matured on May 6, 2016 and bore interest of 10% over term of the loan.

All principal and interest due under the loan payable was repaid in full on May 6, 2016.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

9. DEBT OBLIGATIONS

On January 1, 2016, principal and interest of $50,000 and $25,433, respectively, related to the 12.5% Notes were exchanged for 37,700 shares of the Company’s common stock at $2.00 per share, in connection with a one-time offer that was not pursuant to the original terms of the note. An additional $9,180 of accrued interest related to the 12.5% Notes was derecognized during the period.

For the three and six months ended June 30, 2016, the Company repaid $0 and $25,000, respectively, of principal related to the 8% Notes.

The Company accrued interest expense of $8,295 and $16,163 during the three and six months ended June 30, 2016 and $9,919 and $21,373 during the three and six months ended June 30, 2015, respectively, in connection with its convertible notes.

The Company’s debt obligations consist of the following:

	June 30, 2016						December 31, 2015
	Principal		Interest [1]		Total		Principal		Interest [1]		Total

8% Convertible Notes	$	212,500	$	237,047	$	449,547	$	237,500	$	220,884	$	458,384
12.5% Convertible Notes		-		-		-		50,000		34,613		84,613
Total	$	212,500	$	237,047	$	449,547	$	287,500	$	255,497	$	542,997

^[1]Accrued interest is included as a component of accrued expenses on the condensed consolidated balance sheets.

10. RELATED PARTY TRANSACTIONS

Assets

Accounts receivable – related parties, net of $494,429 and $333,911 at June 30, 2016 and December 31, 2015, respectively, represents the net realizable value of advances made to related, but independent, entities under common management, of which $238,748 and $182,227, respectively, represents amounts owed to the Company in connection with expense sharing agreements as described below.

Investments

See Note 6 – Investments and Fair Value of Financial Instruments, for information related to investments in related parties.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

10. RELATED PARTY TRANSACTIONS, continued

Revenues

For the three and six months ended June 30, 2016, the Company recorded $15,986 and $89,855 of private equity and venture capital fees arising from private placement transactions on behalf of a related, but independent, entity under common management. Of these amounts, $14,399 and $67,456, respectively, represent cash fees and $1,587 and $22,399, respectively, represent fees in the form of warrants for the three months ended June 30, 2016, which were recorded at fair value as of the grant date using the Black-Scholes option pricing model. The Company did not record any related party revenues during the three and six months ended June 30, 2015.

Expense Sharing

On April 1, 2010, the Company entered into an agreement with a related entity of which AWLD’s CEO is Chairman and Chief Executive Officer, and AWLD’s CFO is an executive officer, to share expenses such as office space, support staff and other operating expenses. General and administrative expenses were reduced by $29,195 and $68,391 during the three and six months ended June 30, 2016 and $39,010 and $84,937 during the three and six months ended June 30, 2015, respectively. The entity owed $227,796 and $177,755 to the Company under the expense sharing agreement as of June 30, 2016 and December 31, 2015, respectively, which is included in accounts receivable – related parties, net on the accompanying condensed consolidated balance sheets.

In addition, the Company has an expense sharing agreement with a related, but independent entity to share expenses such as office space and other clerical services. The owners of more than 5% of that entity include (i) AWLD’s chairman, and (ii) a more than 5% owner of AWLD. General and administrative expenses were reduced by $3,990 and $7,980 during the three and six months ended June 30, 2016, respectively and $3,990 and $7,980 during the three and six months ended June 30, 2015, respectively. The entity owed $383,952 and $380,472 to the Company under the expense sharing agreement as of June 30, 2016 and December 31, 2015, respectively, of which $373,000 and $376,000, respectively, is deemed unrecoverable and written off.

11. BENEFIT CONTRIBUTION PLAN

The Company sponsors a 401(k) profit-sharing plan (“401(k) Plan”) that covers substantially all of its employees in the United States. The 401(k) Plan provides for a discretionary annual contribution, which is allocated in proportion to compensation. In addition, each participant may elect to contribute to the 401(k) Plan by way of a salary deduction.

A participant is always fully vested in their account, including the Company’s contribution. For the three and six months ended June 30, 2016, the Company recorded a charge associated with its contribution of $25,890 and $42,506 and for the three and six months ended June 30, 2015, the Company recorded a charge associated with its contribution of $30,799 and $65,735, respectively. This charge has been included as a component of general and administrative expenses in the accompanying condensed consolidated statements of operations. The Company issues shares of its common stock to settle prior year’s obligations based on the fair market value of its common stock on the date the shares are issued. During the six months ended June 30, 2016 the Company issued 30,700 shares of common stock at $2.50 per share in connection with its 401(k) obligation for the year ended December 31, 2015.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

12. STOCKHOLDERS’ EQUITY

Common Stock

During the six months ended June 30, 2016, the Company issued 1,608,200 shares of common stock at $2.50 per share and 105,000 shares of common stock at $2.00 per share for aggregate cash proceeds of $4,230,500.

On June 1, 2016, the Company issued an additional 470,765 common shares for no consideration, to investors who had purchased shares between December 2015 and May 2016 at a price of $2.50 per share, in order to effectively reduce the per share price to $2.00 per share. The Company recorded a charge of $941,530 related to the issuance of these shares during the three and six months ended June 30, 2016, which is recorded as common stock price modification expense in the accompanying condensed consolidated statements of operations.

Restricted Stock Awards

On January 11, 2016, the Company issued 350,000 shares of restricted stock with a grant date value of $875,000 to Maxim Group, LLC (“Maxim”), in connection with the entering into an agreement with Maxim for general financial advisory and investment banking services. The shares vested 11.11% in connection with the execution of the agreement, and vest 11.11% monthly thereafter. The shares are marked to market when they vest, and unvested shares are marked to market at each reporting period, with the current fair value expensed over the vesting period. During the three and six months ended June 30, 2016, the Company recognized $272,221 and $563,888 of stock based compensation expense related to the vesting of this award, which is included in general and administrative expenses in the accompanying condensed consolidated statements of operations.

Application for Quotation on OTC Bulletin Board

On January 20, 2016 FINRA cleared the Company’s request to submit quotations on the OTC Bulletin Board and in OTC Link. In addition, the Company submitted its application for quotation on the OTCQB marketplace which was approved on March 7, 2016. As of August __, 2016, there have been no sales of the Company’s common stock in the over-the-counter market.

Accumulated Other Comprehensive Loss

For three and six months ended June 30, 2016, the Company recorded $129,742 and $535,465, respectively, of foreign currency translation adjustments as accumulated other comprehensive loss, and for the three and six months ended June 30, 2015, the Company recorded $54,846 and $(17,413), respectively, of foreign currency translation adjustments as accumulated other comprehensive loss.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

12. STOCKHOLDERS’ EQUITY, continued

Warrants

Pursuant to the Company’s Investor Relations Consulting Agreement (see Note 13 – Commitments and Contingencies – Commitments), the Company granted five-year warrants for the purchase of 75,000 shares of the Company’s common stock to MZCHI on April 18, 2016 and will grant five-year warrants for the purchase of an additional 75,000 shares of the Company’s common stock on October 18, 2016 (collectively, the “IR Warrants”). The warrants have an exercise price of $2.50 per share, and vest three months from the date of grant. As of the effective date of the agreement, the IR Warrants had an aggregate value of $100,501, and the unvested warrants are subject to mark to market adjustments at each reporting and vest date, and which is amortized through the vesting period for each respective grant. During the three and six months ended June 30, 2016, the Company recorded $58,197 of stock-based compensation related to the amortization of the IR Warrants, which is recorded within general and administrative expense in the condensed consolidated statements of operations.

During the three and six months ended June 30, 2016, in connection with the sale of its equity securities, the Company issued five-year warrants (the “CAP Warrants”) to its subsidiary CAP, who acted as placement agent, to purchase 86,722 and 185,100 shares of its common stock, with a weighted average grant date value of $1.00 and $1.01 per share, respectively. Warrants granted between January 1, 2016 and May 31, 2016 were granted with an exercise price of $2.50 per share and warrants granted during June of 2016 had an exercise price of $2.00 per share. On June 1, 2016, the exercise price of warrants granted from December 2015 through May 2016 was reduced to $2.00 per share and the quantity of shares available to be issued pursuant to the warrants was increased, in the aggregate, by 47,076 shares (See Modification of Warrants, below). During the three and six months ended June 30, 2015, in connection with the sale of its equity securities, the Company issued five-year warrants to its subsidiary CAP, who acted as placement agent, to purchase 161,944 and 214,944 shares, respectively, of its common stock with an exercise price of $2.00 per share, which had a weighted average grant date value per share of $0.85 and $0.85, respectively. CAP, in turn, awarded such warrants to its registered representatives and recorded $73,420 and $157,525, of stock-based compensation expense for three and six months ended June 30, 2016, and $117,005 and $154,397, of stock-based compensation expense for the three and six months ended June 30, 2015, respectively, within general and administrative expense in the condensed consolidated statements of operations.

In applying the Black-Scholes option price model to value the warrants, the Company used the following weighted average assumptions:

	For the three months ended June 30,					For the six months ended June 30,
		2016		2015			2016		2015
Risk free interest rate		1.12	%	1.63	%		1.16	%	1.57	%
Expected term (years)		5.00		5.00			5.00		6.00
Expected volatility		46	%	47	%		46	%	47	%
Expected dividends		0.0	%	0.0	%		0.0	%	0.0	%
Forfeiture rate		3	%	5	%		4	%	5	%

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

12. STOCKHOLDERS’ EQUITY, continued

Warrants, continued

A summary of warrant activity during the six months ended June 30, 2016 is presented below:

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Life in Years		Intrinsic Value

Outstanding, December 31, 2015		1,382,186	$	2.10
Issued		307,176		2.00
Exercised		-		-
Cancelled		-		-
Outstanding, June 30, 2016		1,689,362	$	2.20		3.04	$	-

Exercisable, June 30, 2016		1,614,362	$	2.18		2.96	$	-

A summary of outstanding and exercisable warrants as of June 30, 2016 is presented below:

Warrants Outstanding					Warrants Exercisable
Exercise Price		Exercisable Info	Outstanding Number of Warrants		Weighted Average Remaining Life In Years		Exercisable Number of\| Warrants
$	2.00	Common Stock		640,818		4.3		640,818
$	2.50	Common Stock		75,000		4.8		-
$	2.30	Preferred Stock		973,544		2.1		973,544
		Total		1,689,362				1,614,362

Modification of Warrants

On June 1, 2016, in connection with the issuance of common stock for the purpose of modifying the investor price per share (see Common Stock, above), the Company modified CAP Warrants granted between December 2015 and May 2016, such that the exercise price was adjusted from $2.50 per share to $2.00 per share, and the aggregate number of shares available to be purchased in connection with the warrants was increased from 198,807 to 245,883 shares. The Company recorded warrant modification expense of $68,548 related to the modification of the CAP Warrants.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

12. STOCKHOLDERS’ EQUITY, continued

Stock Options

The Company has computed the fair value of options granted using the Black-Scholes option pricing model. There is currently no public trading market for the shares of AWLD common stock underlying the Company’s 2008 Equity Incentive Plan (the “2008 Plan”). Accordingly, the fair value of the AWLD common stock was estimated by management based on observations of the cash sales prices of AWLD equity securities. Forfeitures are estimated at the time of valuation and reduce expense ratably over the vesting period. This estimate will be adjusted periodically based on the extent to which actual forfeitures differ, or are expected to differ, from the previous estimate, when it is material. The expected term of options granted to consultants represents the contractual term, whereas the expected term of options granted to employees and directors was estimated based upon the “simplified” method for “plain-vanilla” options. Given that the Company’s shares are not publicly traded, the Company developed an expected volatility figure based on a review of the historical volatilities, over a period of time, of similarly positioned public companies within its industry. The risk-free interest rate was determined from the implied yields from U.S. Treasury zero-coupon bonds with a remaining term consistent with the expected term of the options. The Company estimated forfeitures related to options at an annual rate of 5% for options outstanding at June 30, 2016.

On June 15, 2015, the Company granted five-year options to purchase an aggregate of 2,211,890 shares of common stock to employees, officers, directors and consultants of the Company, pursuant to the 2008 Plan. Options to purchase an aggregate of 2,201,890 shares had an exercise price of $2.20 per share and an option to purchase 10,000 shares of common stock had an exercise price of $3.30 per share. The options vest over a four year period with one-fourth vesting on June 8, 2016 and the remainder vesting quarterly thereafter and had an aggregate grant date value of $1,409,900, of which, options granted to employees, officers and directors had an aggregate grant date fair value of $1,251,384, which will be recognized ratably over the vesting period, while options granted to consultants had an aggregate grant date value of $158,516, which will be re-measured on financial reporting dates and vesting dates until the service period is complete.

There were no stock options granted during the three and six months ended June 30. 2016.

During the three and six months ended June 30, 2016 the Company recorded stock-based compensation expense of $127,449 and $277,436 respectively and during the three and six months ended June 30, 2015, the Company recorded stock-based compensation expense of $218,690 and $451,426, respectively, related to stock option grants, which is reflected as general and administrative expenses in the condensed consolidated statements of operations. As of June 30, 2016, there was $1,519,613 of unrecognized stock-based compensation expense related to stock option grants that will be amortized over a weighted average period of 2.7 years, of which $216,613 of unrecognized expense is subject to non-employee mark-to-market adjustments.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

12. STOCKHOLDERS’ EQUITY, continued

Stock Options, continued

A summary of options activity during the six months ended June 30, 2016 is presented below:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Life In Years		Intrinsic Value
Outstanding, December 31, 2015		8,939,436		$	2.70
Granted		-			-
Exercised		-			-
Expired		(75,000	)		3.85
Forfeited		(43,750	)		2.32
Outstanding, June 30, 2016		8,820,686		$	2.69		2.4	$	-

Exercisable, June 30, 2016		6,116,281		$	2.88		1.8	$	-

The following table presents information related to stock options at June 30, 2016:

Options Outstanding				Options Exercisable
				Weighted
		Outstanding		Average		Exercisable
Exercise		Number of		Remaining Life		Number of
	Price		Options		In Years		Options
$	2.20		2,166,890		3.9		541,723
	2.48		4,847,375		2.4		3,775,637
	3.30		10,000		3.9		2,500
	3.50		25,000		2.0		25,000
	3.85		1,771,421		0.0		1,771,421
			8,820,686		1.8		6,116,281

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

13. COMMITMENTS AND CONTINGENCIES

Legal Matters

The Company is involved in litigation and arbitrations from time to time in the ordinary course of business. The Company does not believe that the outcome of any such pending or threatened litigation will have a material adverse effect on its financial condition or results of operations. However, as is inherent in legal proceedings, there is a risk that an unpredictable decision adverse to the company could be reached. The Company records legal costs associated with loss contingencies as incurred. Settlements are accrued when, and if, they become probable and estimable.

Consulting Agreements

On or about January 11, 2016, the Company entered into an agreement with Maxim Group LLC (“Maxim”) to provide general financial advisory and investment banking services to the Company. Pursuant to the terms of this agreement, Maxim will receive a monthly cash fee of $7,500 for the duration of the agreement, which may be terminated by either party at any time after six months, or upon 30 days prior written notice to the other party. In connection with the agreement, the Company issued 350,000 shares of restricted common stock valued at $2.50 per share to Maxim (see Note 12 – Stockholders’ Equity), which vest 11.1% upon execution of the agreement, and 11.1% monthly thereafter. An additional 100,000 shares of restricted stock will be issued to Maxim upon the uplisting of the Company’s common stock to a national exchange.

The Company entered into an Investor Relations Consulting Agreement effective April 8, 2016 (the “IR Agreement”) with MZHCI LLC (“MZHCI”) to provide consulting services with respect to financial markets and exchanges, competitors, business acquisitions and other related matters in exchange for consideration of $6,500 of cash per month plus five-year warrants for the purchase of up to 150,000 shares of the Company’s common stock at an exercise price of $2.50 per share, of which warrants for the purchase of 75,000 share of common stock were granted on April 18, 2016 (see Note 12 – Stockholders’ Equity – Warrants) and warrants for the purchase of additional 75,000 shares of common stock are to be granted on October 18, 2016.

Importer Agreement

The Company entered into an agreement (the “Importer Agreement”) with an importer (the “Importer”) effective June 1, 2016, pursuant to which the Company has engaged the Importer as its sole and exclusive importer, distributor and marketing agent of wine in the United States at prices mutually agreed upon by the Company and the Importer. The Importer Agreement terminates on December 31, 2020, and is renewable for an indefinite number of successive three year terms. The Importer Agreement may be terminated by the Company or the Importer for cause, as defined in the Importer Agreement.

ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

14. SUBSEQUENT EVENTS

Management has evaluated all subsequent events to determine if events or transactions occurring through the date the condensed consolidated financial statements were issued, require adjustment to or disclosure in the condensed consolidated financial statements.

Foreign Currency Exchange Rates

The Argentine peso to United States dollar exchange rate was 14.8466, 14.9690 and 12.9441 at August 11, 2016, June 30, 2016 and December 31, 2015, respectively.

Equity Compensation Plan

On July 11, 2016, the Board of Directors of Algodon Wines & Luxury Development Group, Inc. (the “Company”) adopted the 2016 Stock Option Plan (the “2016 Plan”). Under the 2016 Plan, 1,224,308 shares of common stock of the Company are authorized for issuance, with an automatic annual increase on January 1 of each year equal to 2.5% of the total number of shares of common stock outstanding on such date, on a fully diluted basis.

On July 19, 2016, options for the purchase of an aggregate 400,000 shares of the Company’s common stock were granted to two members of the Company’s Board of Directors, under the 2016 Plan.

Equity Transactions

During the period from July 22, 2016 through the filing date of this report, the Company sold 125,250 shares of its common stock at a price of $2.00 per share for cash proceeds of $250,500.

Item 2: MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with our unaudited condensed consolidated financial statements and notes thereto included herein. In connection with, and because we desire to take advantage of, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we caution readers regarding certain forward looking statements in the following discussion and elsewhere in this report and in any other statement made by us, or on our behalf, whether or not in future filings with the Securities and Exchange Commission. Forward-looking statements are statements not based on historical information and which relate to future operations, strategies, financial results or other developments. Forward looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward looking statements made by, or on our behalf. Words such as “anticipate,” “estimate,” “plan,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “may,” “will,” “should,” “could,” and similar expressions are used to identify forward-looking statements. We disclaim any obligation to update forward-looking statements.

The independent registered public accounting firm’s report on the Company’s consolidated financial statements as of December 31, 2015, and for each of the years in the two-year period then ended, includes a “going concern” explanatory paragraph, that describes substantial doubt about the Company’s ability to continue as a going concern.

Unless the context requires otherwise, references in this document to “AWLD”, “we”, “our”, “us” or the “Company” are to Algodon Wines & Luxury Development Group, Inc. and its subsidiaries.

Overview

We are an integrated, lifestyle related real estate development company, capitalizing on our unique brand of affordable luxury, branded as “Algodon”, to create a diverse set of interrelated products and services. Our wines, hotels and real estate ventures, currently concentrated in Argentina, offer a blend of high-end, luxury and adventures products. We hope to further broaden the reach and depth of our services to strengthen and cement the reach of our brand. Ultimately, we intend to further expand and grow our business by combining unique and promising opportunities with our brand and clientele.

Through our subsidiaries, we currently operate Algodon Mansion, a Buenos Aires-based luxury boutique hotel property, and we have redeveloped, expanded and repositioned a winery and golf resort property called Algodon Wine Estates for subdivision of a portion of this property for residential development.

Investment in foreign real estate requires consideration of certain risks typically not associated with investing in the United States. Such risks include trade balances and imbalances and related economic policies, unfavorable currency exchange rate fluctuations, imposition of exchange control regulation by the United States or foreign governments, United States and foreign withholding taxes, limitations on the removal of funds or other assets, policies of governments with respect to possible nationalization of their industries, political difficulties including expropriation of assets, confiscatory taxation and economic or political instability in foreign nations or changes in laws which affect foreign investors.

Recent Developments and Trends

Financings

During the three and six months ended June 30, 2016, we raised approximately $1.4 and $4.2 million, respectively, of new capital from the issuance of common stock for cash.

Initiatives

We have implemented a number of initiatives designed to expand revenues and control costs. Revenue enhancement initiatives include expanding marketing, investment in additional winery capacity and developing new real estate development revenue sources. Cost reduction initiatives include investment in equipment that will decrease our reliance on subcontractors, as well as outsourcing and restructuring of certain functions. Our goal is to become more self-sufficient and less dependent on outside financing.

Liquidity

As reflected in our condensed consolidated financial statements, we have generated significant losses which have resulted in a total accumulated deficit of approximately $63 million, raising substantial doubt that we will be able to continue operations as a going concern. Our independent registered public accounting firm included an explanatory paragraph in their report for the years ended December 31, 2015 and 2014, stating that we have incurred significant losses and need to raise additional funds to meet our obligations and sustain our operations. Our ability to execute our business plan is dependent upon our generating cash flow and obtaining additional debt or equity capital sufficient to fund operations. If we are able to obtain additional debt or equity capital (of which there can be no assurance), we hope to acquire additional management, as well as increase the marketing of our products and continue the development of our real estate holdings.

Our business strategy may not be successful in addressing these issues and there can be no assurance that we will be able to obtain any additional capital. If we cannot execute our business plan on a timely basis (including acquiring additional capital), our stockholders may lose their entire investment in us, because we may have to delay vendor payments and/or initiate cost reductions, which would have a material adverse effect on our business, financial condition and results of operations, and ultimately we could be forced to discontinue our operations, liquidate and/or seek reorganization under the U.S. bankruptcy code.

Consolidated Results of Operations

Three months ended June 30, 2016 compared to three months ended June 30, 2015

Overview

We reported net losses of approximately $3.3 million and $2.8 million for the three months ended June 30, 2016 and 2015, respectively. The increase in net loss is primarily due to approximately $0.9 million expense resulting from the issuance of stock for no consideration to our existing stockholders, in order to effectively reduce the price of shares previously purchased for $2.50 per share, to $2.00 per share. This increase in expense was partially offset by a $0.3 million increase in gross profit, as well as a $0.2 million decrease in operating expenses.

Revenues

Revenues were approximately $339,000 and $269,000 during the three months ended June 30, 2016 and 2015, respectively, representing an increase of $70,000 or 26%. The decrease in revenues of approximately $195,000 from the impact of the decline in the value of the Argentine peso vis-à-vis the U.S. dollar in the second quarter of 2016 compared to the same quarter in 2015 was offset by a $108,000 increase in broker-dealer revenues, a $121,000 increase in hotel revenues and $40,000 increase in agricultural sales and other revenues during the quarter.

Gross loss

We generated a gross loss of approximately $65,000 for the three months ended June 30, 2016 as compared to $367,000 for the three months ended June 30, 2015, representing an increase of $302,000 or 82%. Cost of sales, which consists of raw materials, direct labor and indirect labor associated with our business activities, decreased by approximately $232,000 from $637,000 for the three months ended June 30, 2015 to $405,000 for the three months ended June 30, 2016. The decrease in cost of sales results principally from the impact of the decline in the value of the Argentine peso vis-à-vis the U.S. dollar in the second quarter of 2016 compared to the same quarter in 2015. The decrease in gross loss results from the aforementioned increase in broker-dealer and hotel revenues, for which costs of sales are relatively fixed.

Selling and marketing expenses

Selling and marketing expenses were approximately $37,000 and $82,000 for the three months ended June 30, 2016 and 2015, respectively, representing a decrease of $45,000 or 55%, primarily due to a decrease in marketing costs resulting from the renegotiation of pricing with certain marketing providers and consultants.

General and administrative expenses

General and administrative expenses were approximately $2.1 million for the three months ended June 30, 2016, as compared to $2.2 million for the three months ended June 30, 2015, representing a decrease of $100,000 or 4%. General and administrative expense significant variations included a $610,000 increase in stock based compensation resulting from the vesting of restricted stock and warrants issued to consultants in connection with the Company’s entry into agreements for financial advisory and investor relations services, which was offset by (1) a $231,000 decrease from the impact of the fluctuations in exchange rate of the Argentine peso to the United States dollar; (2) decreases in commissions and stock based compensation to registered representatives of approximately $150,000, due to reduced capital raise (3) decreases of approximately $290,000 in administrative salary costs resulting from staff reductions.

Depreciation and amortization expense

Depreciation and amortization expense was approximately $6,000 and $65,000 during the three months ended June 30, 2016 and 2015, respectively, representing a decrease of $59,000 or 91%. It should be noted that an additional $28,000 and $43,000 of depreciation and amortization expense was capitalized to inventory during the three months ended June 30, 2016 and 2015, respectively. The decrease in depreciation charges is attributable to (a) a $23,000 true up in accumulated depreciation during the quarter, and (b) $51,000 to the decline of in value of the Argentine peso vis-à-vis the U.S. dollar as most of our property and equipment is located in Argentina.

Interest expense, net

Interest expense was approximately $64,000 and $107,000 during the three months ended June 30, 2016 and 2015, respectively, representing a decrease of $43,000 or 40% related to the reduction (exchange or repayment) of debt during 2015.

Common stock price modification

We recognized common stock price modification expense of approximately $942,000 during the three months ended June 30, 2016, related to the issuance of 470,771 shares of our common stock for no consideration, to investors who had previously purchased shares at a price of $2.50 per share, in order to effectively reduce their per share price to $2.00 per share.

Warrant modification expense

Warrant modification expense of approximately of $69,000 during the three months ended June 30, 2016 is related to the modification of the warrants (the “CAP Warrants”) previously issued to registered representatives of our subsidiary DPEC Capital, Inc. (“CAP”) who acted as the Company’s placement agent. On June 1, 2016, the Company modified CAP Warrants granted between December 2015 and May 2016, such that the exercise price was adjusted from $2.50 per share to $2.00 per share, and the aggregate number of shares available to be purchased in connection with the warrants was increased from 198,807 to 245,883 shares.

Six months ended June 30, 2016 compared to six months ended June 30, 2015

Overview

We reported net losses of approximately $5.3 million and $4.9 million for the six months ended June 30, 2016 and 2015, respectively, reflecting a decrease of $0.4 million or 8%. The increase in net loss is primarily due to approximately $0.9 million expense resulting from the issuance of stock for no consideration to our existing stockholders, in order to effectively reduce the price of shares previously purchased for $2.50 per share, to $2.00 per share. This increase in expense was partially offset by a $0.3 million increase in gross profit, as well as a $0.2 million decrease in operating expenses.

Revenues

Revenues were approximately $782,000 and $841,000 during the six months ended June 30, 2016 and 2015, respectively. Decreases of $448,000 resulting from the decline in the value of the Argentine peso vis-à-vis the U.S. dollar were partially and a decrease of $30,000 in wine sales were partially offset by a $227,000 increase in hotel and agricultural revenues, an increase of $174,000 increase in broker-dealer revenues and $20,000 in maintenance fees.

Gross profit (loss)

We generated a gross profit of approximately $43,000 for the six months ended June 30, 2016 and a gross loss of $279,000 for the six months ended June 30, 2015, representing an improvement of $322,000. Cost of sales, which consists of raw materials, direct labor and indirect labor associated with our business activities, decreased to approximately $739,000 for the six months ended June 30, 2016, from $1,121,000 for the six months ended June 30, 2015. The decrease in cost of sales results principally from the impact of the decline in the value of the Argentine peso vis-à-vis the U.S. dollar in the first six months of 2016 compared to the comparable period in 2015. The decrease in gross loss results from the $174,000 increase in broker-dealer revenues, and the $148,000 increase in hotel revenues, for which costs of sales are relatively fixed.

Selling and marketing expenses

Selling and marketing expenses were approximately $83,000 and $137,000, for the six months ended June 30, 2016 and 2015, respectively, a decrease of $54,000 or 39%. The decrease is primarily attributable to a decrease in marketing costs resulting from the renegotiation of pricing with certain marketing providers and consultants.

General and administrative expenses

General and administrative expenses were approximately $4.1 million and $4.2 million for the six months ended June 30, 2016 and 2015, respectively, representing a decrease of $100,000 or 2%. General and administrative expense significant variations included a $610,000 increase in stock based compensation resulting from the vesting of restricted stock and warrants issued to consultants and $231,000 increase in consulting expenses in connection with the Company’s entry into a agreements for financial advisory and investor relations services, as well as an increase in severance costs during the period of $275,000. These increases were offset by (a) $486,000 decrease resulting from the impact of the decline in the value of the Argentine peso vis-à-vis the U.S. dollar for the six months ended June 30, 2016 as compared to the same period in 2015; (b) $430,000 decrease in administrative compensation expense, primarily due to staff reductions during the period, and (c) $230,000 decrease in commission and stock based compensation to registered representatives, due to reduced capital raising activity during 2016.

Depreciation and amortization expense

Depreciation and amortization expense was approximately $52,000 and $132,000 during the six months ended June 30, 2016 and 2015, respectively, representing a decrease of $80,000 or 60%. It should be noted that an additional $51,000 and $90,000 of depreciation and amortization expense was capitalized to inventory during the six months ended June 30, 2016 and 2015, respectively. The decrease in depreciation expense results primarily from the impact of the decline in the value of the Argentine peso vis-à-vis the U.S. dollar for the six months ended June 30, 2016 as compared to the same period in 2015, as most of our property and equipment is located in Argentina.

Interest expense, net

Interest expense was approximately $91,000 and $154,000 during the six months ended June 30, 2016 and 2015, respectively, representing a decrease of $63,000 or 41%, related to the reduction (exchange or repayment) of debt during 2015.

Common stock price modification

We recognized common stock price modification expense of approximately $942,000 during the six months ended June 30, 2016, related to the issuance of 470,771 shares of our common stock for no consideration, to investors who had previously purchased shares at a price of $2.50 per share, in order to effectively reduce their per share price to $2.00 per share.

Warrant modification expense

Warrant modification expense of approximately of $69,000 during the six months ended June 30, 2016 is related to the modification of the warrants (the “CAP Warrants”) previously issued to registered representatives of our subsidiary DPEC Capital, Inc. (“CAP”) who acted as the Company’s placement agent. On June 1, 2016, the Company modified CAP Warrants granted between December 2015 and May 2016, such that the exercise price was adjusted from $2.50 per share to $2.00 per share, and the aggregate number of shares available to be purchased in connection with the warrants was increased from 198,807 to 245,883 shares.

Liquidity and Capital Resources

We measure our liquidity a variety of ways, including the following:

	June 30, 2016			December 31, 2015
Cash	$	584,218		$	110,645
Working Capital Deficiency	$	(308,825	)	$	(1,477,183	)

Based upon our working capital situation as of June 30, 2016, we require additional equity and/or debt financing in order to sustain operations. These conditions raise substantial doubt about our ability to continue as a going concern.

We have relied primarily on debt and equity private placement offerings to third party independent, accredited investors to sustain operations. These offerings were conducted by our wholly-owned subsidiary DPEC Capital, Inc. Additionally, from time to time, we secured individual, direct loans from our CEO and other shareholders.

During the six months ended June 30, 2016, we issued common stock to accredited investors in a private placement transaction for gross proceeds of $4,230,500.

The proceeds from these financing activities were used to fund our existing operating deficits, legal and accounting expenses associated with being a public company, capital expenditures associated with our real estate development projects, enhanced marketing efforts to increase revenues and the general working capital needs of the business.

Availability of Additional Funds

As a result of the above developments, we have been able to sustain operations. However, we will need to raise additional capital in order to meet our future liquidity needs for operating expenses, additional capital expenditures for the winery expansion and to further invest in our real estate development. If we are unable to obtain adequate funds on reasonable terms, we may be required to significantly curtail or discontinue operations.

Sources and Uses of Cash for the Six Months Ended June 30, 2016 and 2015

Net Cash Used in Operating Activities

Net cash used in operating activities for the six months ended June 30, 2016 and 2015 amounted to approximately $3,590,000 and $4,352,000, respectively. During the six months ended June 30, 2016, the net cash used in operating activities was primarily attributable to the net loss of approximately $5,291,000 adjusted for approximately $2,161,000 of net non-cash expenses, and approximately $460,000 of cash used by changes in the levels of operating assets and liabilities. During the six months ended June 30, 2015, the net cash used in operating activities was primarily attributable to the net loss of approximately $4,882,000 adjusted for approximately $987,000 of non-cash expenses, and approximately $458,000 of cash used in by changes in the levels of operating assets and liabilities.

Net Cash Used in Investing Activities

Net cash used in investing activities for the six months ended June 30, 2016 and 2015 amounted to approximately $208,000 and $144,000, respectively, and was primarily related to the purchase of property and equipment.

Net Cash Provided by Financing Activities

Net cash provided by financing activities for the six months ended June 30, 2016 and 2015 amounted to approximately $4,206,000 and $5,348,000, respectively. For the six months ended June 30, 2016, the net cash provided by financing activities resulted primarily from the offering of equity securities for proceeds of approximately $4,231,000 and proceeds from loans payable of approximately $35,000, partially offset by the repayments of debt of $60,000. For the six months ended June 30, 2015, the net cash provided by financing activities resulted primarily from the offering of equity securities for proceeds of approximately $5,498,000, partially offset by the repayment of debt of $150,000.

Going Concern and Management’s Liquidity Plans

The accompanying condensed consolidated financial statements have been prepared assuming that we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. As discussed in Note 2 to the accompanying condensed consolidated financial statements, we have not achieved a sufficient level of revenues to support our business and development activities and have suffered substantial recurring losses from operations since our inception, which conditions raise substantial doubt that we will be able to continue operations as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if we were unable to continue as a going concern.

Based on current cash on hand and subsequent activity as described herein, our cash-on-hand only allows us to operate our business operations through November 2016. While we are exploring opportunities with third parties and related parties to provide some or all of the capital we need over the short and long terms, we have not entered into any external agreement to provide us with the necessary capital. Historically, the Company has been successful in raising funds to support our capital needs. If we are unable to obtain additional financing on a timely basis, we may have to delay vendor payments and/or initiate cost reductions, which would have a material adverse effect on our business, financial condition and results of operations, and ultimately we could be forced to discontinue our operations, liquidate and/or seek reorganization under the U.S. bankruptcy code. As a result, our auditors have issued a going concern opinion in conjunction with their audit of our December 31, 2015 and 2014 consolidated financial statements.

Off-Balance Sheet Arrangements

None.

Contractual Obligations

As a smaller reporting company, we are not required to provide the information requested by paragraph (a)(5) of this Item.

Critical Accounting Policies and Estimates

There are no material changes from the critical accounting policies set forth in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” set forth in our Annual Report on Form 10-K filed with the SEC on March 30, 2016, as amended on March 31, 2016. Please refer to that document for disclosures regarding the critical accounting policies related to our business.

New Accounting Pronouncements

We have implemented all new accounting standards that are in effect and may impact our condensed consolidated financial statements and we do not believe that there are any other new accounting standards that have been issued that might have a material impact on our financial position or results of operations, except as disclosed below.

In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. We are currently evaluating the impact of the adoption of ASU 2016-09 on our consolidated financial statements or disclosures.

In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. The amendments in this update clarify the following two aspects to Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The entity first identifies the promised goods or services in the contract and reduce the cost and complexity. An entity evaluates whether promised goods and services are distinct. Topic 606 includes implementation guidance on determining whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time). We are currently evaluating the impact of the adoption of ASU 2016-10 on our consolidated financial statements or disclosures.

In May 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients” (“Update 2016-12”), amending Update 2014-09. The amendments do not change the core principles of Update 2014-09, but clarify matters related to assessment of a collectability criterion, presentation of sales and other taxes collected from customers, non-cash consideration, contract modifications at transition and completed contracts at transition. The requirements for these standards relating to Topic 606 will be effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. We are currently evaluating the impact of the updated requirements on our consolidated financial statements.

Item 3. Quantitative and Qualitative Disclosure About Market Risk

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

Item 4: Controls and Procedures

Disclosure Controls and Procedures

Our management carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer (who is our Principal Executive Officer) and our Chief Financial Officer (who is our Principal Financial Officer and Principal Accounting Officer), of the effectiveness of the design of our disclosure controls and procedures (as defined by Exchange Act Rules 13a-15(e) or 15d-15(e)) as of June 30, 2016, pursuant to Exchange Act Rule 13a-15(b). Based upon that evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures were effective as of June 30, 2016.

Changes in Internal Control over Financial Reporting

During the six months ended June 30, 2016, there were no changes in our internal controls over financial reporting, or in other factors that could significantly affect these controls, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Inherent Limitations of Controls

Management does not expect that our disclosure controls and procedures or our internal control over financial reporting will prevent or detect all error and all fraud. Controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of a simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions, or deterioration in the degree of compliance with the policies or procedures. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

From time to time AWLD and its subsidiaries and affiliates are subject to litigation and arbitration claims incidental to its business. Such claims may not be covered by its insurance coverage, and even if they are, if claims against AWLD and its subsidiaries are successful, they may exceed the limits of applicable insurance coverage. Additionally, as participants in the heavily-regulated securities industry, CAP and its associated persons have been named as respondents in certain regulatory proceedings.

Certain Regulatory Matters and Customer Arbitrations

Customer Arbitrations and Complaints

There are no pending customer arbitrations or complaints pertaining to DPEC Capital or any of its associated persons.

Item 1A. Risk Factors

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item. However, our current risk factors are set forth in our Annual Report on Form 10-K for the year ended December 31, 2015, filed with the SEC on March 30, 2016, as amended on March 31, 2016.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Issuances of Shares, Options and Warrants

Other than previously reported, there have been no unregistered sales of equity securities during the six month period ended June 30, 2016.

There were no stock options granted during the six months ended June 30, 2016.

On July 19, 2016, the Company granted options to purchase a total of 400,000 shares of common stock at an exercise price of $2.20 to two members of the Company’s Board of Directors pursuant to the 2016 Stock Option Plan.

Between July 22, 2016 and August 11, 2016, the Company issued 125,250 shares of its common stock at a price of $2.00 per share to accredited investors in a private placement transaction for gross proceeds of $250,500. Commissions in the form of cash of $25,050 and 12,525 warrants to purchase common stock at $2.00 per share were paid to DPEC Capital, Inc., the Company’s registered broker dealer subsidiary in connection with these share issuances. DPEC Capital, Inc., in turn, awarded such warrants to its registered representatives. The investors and registered representatives all had sufficient knowledge and experience in financial, investment and business matters to be capable of evaluating the merits and risks of investment in the Company and able to bear the risk of loss. For this sale of securities, the Company relied on the exemption from registration available under Section 4(a)(2) and Rule 506(b) of Regulation D promulgated under the Securities Act with respect to transactions by an issuer not involving any public offering. No general solicitation was used in this offering. A Form D was filed on October 8, 2015.

Application for Quotation on OTC Bulletin Board

On January 20, 2016 FINRA cleared the Company’s request to submit quotations on the OTC Bulletin Board and in OTC Link. In addition, the Company submitted its application for quotation on the OTCQB marketplace which was approved on March 7, 2016. As of August 15, 2016, there have been no sales of the Company’s common stock in the over-the-counter market.

Item 3. Defaults upon Senior Securities

None.

Item 4. Mine and Safety Disclosure

Not applicable.

Item 5. Other Information

Effective June 1, 2016, the Company entered into an exclusive import and distribution agreement with Port Washington Imports, LLC (d/b/a Seaview Imports) for the importation, distribution, and marketing of the Company’s wine in the United States. The agreement terminates on December 31, 2020, and is renewable for an indefinite number of successive three year terms. The agreement may be terminated by either party for cause, as provided in the agreement.

Item 6. Exhibits

The following is a complete list of exhibits filed as part of this Form 10-Q. Exhibit numbers correspond to the numbers in the Exhibit Table of Item 601 of Regulation S-K.

Exhibit		Description

3.1		Amended and Restated Certificate of Incorporation filed September 30, 2013⁽¹⁾
3.2		Amended and Restated Bylaws⁽¹⁾
3.3		Amended and Restated Certificate of Designation of the Series A Preferred filed September 30, 2013⁽¹⁾
10.1		Letter Agreement between Maxim Group, LLC and the Company, dated January 11, 2016⁽²⁾
10.2		Investor Relations Consulting Agreement between MZHCI, LLC and the Company, dated April 8, 2016⁽³⁾
31.1		Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act.*
31.2		Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act.*
32		Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S. C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act.**

101.INS		XBRL Instance Document*
101.SCH		XBRL Taxonomy Extension Schema Document*
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document*
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document*
101.LAB		XBRL Taxonomy Extension Label Linkbase Document*
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document*

	(1)	Incorporated by reference from the Company’s Registration of Securities Pursuant to Section 12(g) on Form 10 dated May 14, 2014.
	(2)	Incorporated by reference to the Company’s Annual Report on Form 10-K dated March 30, 2016, as amended on March 31, 2016.
	(3)	Incorporate by reference to the Company’s Form 10Q filed on May 16, 2016.
	*	Filed herewith.
	**	Furnished and not filed herewith.

SIGNATURES

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 15, 2016	ALGODON WINES & LUXURY DEVELOPMENT GROUP, INC.

	By:	/s/ Scott L. Mathis
		Scott L. Mathis
		Chief Executive Officer

	By:	/s/ Maria Echevarria
		Maria Echevarria
		Chief Financial Officer and Chief Operating Officer

EX-31.1 2 ex31-1.htm

Exhibit 31.1

CERTIFICATION PURSUANT TO RULE 13a-14(a) OF THE
SECURITIES EXCHANGE ACT OF 1934

I, Scott L. Mathis, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Algodon Wines & Luxury Development Group, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.		The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

August 15, 2016	By:	/s/ Scott L. Mathis
	Name:	Scott L. Mathis
	Title:	Chief Executive Officer
		(Principal Executive Officer)

EX-31.2 3 ex31-2.htm

Exhibit 31.2

CERTIFICATION PURSUANT TO RULE 13a-14(a) OF THE
SECURITIES EXCHANGE ACT OF 1934

I, Maria Echevarria, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Algodon Wines & Luxury Development Group, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.		The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

August 15, 2016	By:	/s/ Maria Echevarria
	Name:	Maria I. Echevarria
	Title:	Chief Financial Officer
		(Principal Financial and Accounting Officer)

EX-32 4 ex32.htm

Exhibit 32

CERTIFICATION PURSUANT TO

18 U.S.C. §1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Algodon Wines & Luxury Development Group, Inc. (the “Company’s Quarterly Report”) on Form 10-Q for the period ended June 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Scott L. Mathis, as Chief Executive Officer and principal executive officer and Maria I. Echevarria, as Chief Financial Officer and principal financial officer of the Company hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, to the best of the undersigned’s knowledge and belief, that:

	1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

	2.	Information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods expressed in the Report.

/s/ Scott L. Mathis
Scott L. Mathis
Chief Executive Officer and Principal Executive Officer

Dated: August 15, 2016

/s/ Maria I. Echevarria
Maria I. Echevarria
Chief Financial Officer and Principal Financial Officer

Dated: August 15, 2016

This certification accompanies this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

EX-101.INS 5 awld-20160630.xml XBRL INSTANCE FILE 0001559998 2016-01-01 2016-06-30 0001559998 2015-06-30 0001559998 2016-08-15 0001559998 2015-12-31 0001559998 2014-12-31 0001559998 us-gaap:EmployeeStockOptionMember 2015-01-01 2015-06-30 0001559998 us-gaap:WarrantMember 2015-01-01 2015-06-30 0001559998 us-gaap:ConvertibleDebtSecuritiesMember 2015-01-01 2015-06-30 0001559998 us-gaap:EmployeeStockOptionMember 2016-01-01 2016-06-30 0001559998 us-gaap:WarrantMember 2016-01-01 2016-06-30 0001559998 us-gaap:ConvertibleDebtSecuritiesMember 2016-01-01 2016-06-30 0001559998 us-gaap:FairValueInputsLevel1Member us-gaap:WarrantMember 2015-12-31 0001559998 us-gaap:FairValueInputsLevel2Member us-gaap:WarrantMember 2015-12-31 0001559998 us-gaap:FairValueInputsLevel3Member us-gaap:WarrantMember 2015-12-31 0001559998 us-gaap:FairValueInputsLevel1Member us-gaap:WarrantMember 2016-06-30 0001559998 us-gaap:FairValueInputsLevel2Member us-gaap:WarrantMember 2016-06-30 0001559998 us-gaap:FairValueInputsLevel3Member us-gaap:WarrantMember 2016-06-30 0001559998 AWLD:ConvertibleNotesOneTewentyPercentMember 2015-12-31 0001559998 AWLD:ConvertibleNotes8PercentMember 2015-12-31 0001559998 AWLD:ConvertibleNotes125PercentMember 2016-06-30 0001559998 AWLD:ConvertibleNotes8PercentMember 2016-06-30 0001559998 us-gaap:CommonStockMember 2015-12-31 0001559998 us-gaap:WarrantMember 2015-12-31 0001559998 us-gaap:TreasuryStockMember 2015-12-31 0001559998 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0001559998 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-12-31 0001559998 us-gaap:RetainedEarningsMember 2015-12-31 0001559998 AWLD:RangeOfExercisePrice200Member us-gaap:CommonStockMember 2016-06-30 0001559998 AWLD:RangeOfExercisePrice230Member us-gaap:PreferredStockMember 2016-06-30 0001559998 AWLD:RangeOfExercisePrice250Member AWLD:CommonStockOneMember 2016-06-30 0001559998 AWLD:RangeOfExercisePrice200Member us-gaap:CommonStockMember 2016-01-01 2016-06-30 0001559998 AWLD:RangeOfExercisePrice230Member us-gaap:PreferredStockMember 2016-01-01 2016-06-30 0001559998 AWLD:RangeOfExercisePrice250Member AWLD:CommonStockOneMember 2016-01-01 2016-06-30 0001559998 AWLD:ExercisePriceRange220Member 2016-06-30 0001559998 AWLD:ExercisePriceRange248Member 2016-06-30 0001559998 AWLD:ExercisePriceRange330Member 2016-06-30 0001559998 AWLD:ExercisePriceRange350Member 2016-06-30 0001559998 AWLD:ExercisePriceRangeTwoPointTwoTwentyMember 2016-01-01 2016-06-30 0001559998 AWLD:ExercisePriceRangeTwoPointFourEightMember 2016-01-01 2016-06-30 0001559998 AWLD:ExercisePriceRangeThreePointThreeZeroMember 2016-01-01 2016-06-30 0001559998 AWLD:ExercisePriceRangeThreePointThreeFiveMember 2016-01-01 2016-06-30 0001559998 AWLD:ExercisePriceRangeThreePointEightFiveMember 2016-01-01 2016-06-30 0001559998 AWLD:ConvertibleNotesTwelvePointFivePercentMember 2016-01-01 2016-01-02 0001559998 2016-06-30 0001559998 2015-01-01 2015-06-30 0001559998 us-gaap:CommonStockMember 2016-01-01 2016-06-30 0001559998 us-gaap:CommonStockMember 2016-06-30 0001559998 us-gaap:TreasuryStockMember 2016-01-01 2016-06-30 0001559998 us-gaap:TreasuryStockMember 2016-06-30 0001559998 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-06-30 0001559998 us-gaap:AdditionalPaidInCapitalMember 2016-06-30 0001559998 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-01-01 2016-06-30 0001559998 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-06-30 0001559998 us-gaap:RetainedEarningsMember 2016-01-01 2016-06-30 0001559998 us-gaap:RetainedEarningsMember 2016-06-30 0001559998 AWLD:ArgentinaMember 2016-01-01 2016-06-30 0001559998 AWLD:AccountingPurposesMember 2016-01-01 2016-06-30 0001559998 us-gaap:RestrictedStockMember 2016-01-01 2016-06-30 0001559998 us-gaap:RestrictedStockMember 2015-01-01 2015-06-30 0001559998 us-gaap:WarrantMember 2016-06-30 0001559998 AWLD:ConvertibleNotesTwelvePointFivePercentMember 2016-01-02 0001559998 AWLD:ConvertibleNotes8PercentMember 2016-01-01 2016-06-30 0001559998 AWLD:ConvertibleNotes8PercentMember 2015-01-01 2015-06-30 0001559998 2015-01-01 2015-12-31 0001559998 AWLD:MaximGroupLlcMember us-gaap:RestrictedStockMember 2016-01-10 2016-01-11 0001559998 AWLD:MaximGroupLlcMember us-gaap:RestrictedStockMember 2016-01-01 2016-06-30 0001559998 us-gaap:EmployeeStockOptionMember 2015-06-30 0001559998 us-gaap:EmployeeStockOptionMember 2015-12-31 0001559998 us-gaap:EmployeeStockOptionMember 2016-06-30 0001559998 AWLD:ExercisePriceRangeThreePointEightFiveMember 2016-06-30 0001559998 us-gaap:SubsequentEventMember 2016-06-30 0001559998 us-gaap:SubsequentEventMember 2015-12-31 0001559998 us-gaap:SubsequentEventMember 2016-08-12 0001559998 2016-04-01 2016-06-30 0001559998 2015-04-01 2015-06-30 0001559998 AWLD:ConvertibleNotes8PercentMember 2016-03-22 0001559998 us-gaap:WarrantMember 2016-04-01 2016-06-30 0001559998 us-gaap:WarrantMember 2015-04-01 2015-06-30 0001559998 2016-03-06 0001559998 2016-03-05 2016-03-06 0001559998 AWLD:ConvertibleNotes8PercentMember 2016-04-01 2016-06-30 0001559998 AWLD:ConvertibleNotes8PercentMember 2015-04-01 2015-06-30 0001559998 AWLD:ExpenseSharingAgreementMember 2016-06-30 0001559998 AWLD:ExpenseSharingAgreementMember 2015-12-31 0001559998 AWLD:InvestorRelationsConsultingAgreementMember AWLD:MZHCILLCMember 2016-04-07 2016-04-08 0001559998 AWLD:InvestorRelationsConsultingAgreementMember AWLD:MZHCILLCMember 2016-04-08 0001559998 AWLD:InvestorRelationsConsultingAgreementMember AWLD:MZHCILLCMember us-gaap:MaximumMember 2016-04-07 2016-04-08 0001559998 AWLD:InvestorRelationsConsultingAgreementMember AWLD:MZHCILLCMember 2016-04-17 2016-04-18 0001559998 AWLD:InvestorRelationsConsultingAgreementMember AWLD:MZHCILLCMember AWLD:OctoberEighteenTwoThousandAndSixteenMember 2016-01-01 2016-06-30 0001559998 AWLD:ImporterAgreementMember AWLD:ImporterMember 2016-05-29 2016-06-01 0001559998 AWLD:InvestorsMember 2016-05-29 2016-06-01 0001559998 AWLD:InvestorsMember 2016-06-01 0001559998 AWLD:InvestorsMember 2016-04-01 2016-06-30 0001559998 AWLD:InvestorsMember 2016-01-01 2016-06-30 0001559998 AWLD:MaximGroupLlcMember us-gaap:RestrictedStockMember 2016-04-01 2016-06-30 0001559998 AWLD:InvestorRelationsConsultingAgreementMember AWLD:MZHCILLCMember 2016-01-01 2016-06-30 0001559998 AWLD:InvestorRelationsConsultingAgreementMember AWLD:MZHCILLCMember 2016-04-01 2016-06-30 0001559998 AWLD:CAPWarrantsMember 2016-01-01 2016-06-30 0001559998 AWLD:CAPWarrantsMember 2016-04-01 2016-06-30 0001559998 AWLD:CAPWarrantsMember 2016-05-31 0001559998 AWLD:CAPWarrantsMember 2016-06-30 0001559998 AWLD:CAPWarrantsMember 2015-12-01 2016-05-31 0001559998 AWLD:CAPWarrantsMember 2015-04-01 2015-06-30 0001559998 AWLD:CAPWarrantsMember 2015-01-01 2015-06-30 0001559998 AWLD:CAPWarrantsMember 2015-06-30 0001559998 AWLD:CAPWarrantsMember us-gaap:MinimumMember 2016-05-31 0001559998 AWLD:CAPWarrantsMember us-gaap:MinimumMember 2015-12-01 2016-05-31 0001559998 AWLD:CAPWarrantsMember us-gaap:MaximumMember 2016-05-31 0001559998 AWLD:CAPWarrantsMember us-gaap:MaximumMember 2015-12-01 2016-05-31 0001559998 us-gaap:EmployeeStockOptionMember AWLD:EmployeesOfficersDirectorsAndConsultantsMember AWLD:TwothousandAndEightPlanMember 2015-06-14 2015-06-15 0001559998 AWLD:EmployeeStockOptionOneMember 2015-06-14 2015-06-15 0001559998 AWLD:EmployeeStockOptionTwoMember 2015-06-14 2015-06-15 0001559998 AWLD:EmployeeStockOptionOneMember 2015-06-15 0001559998 AWLD:EmployeeStockOptionTwoMember 2015-06-15 0001559998 us-gaap:EmployeeStockOptionMember AWLD:ConsultantsMember 2015-06-15 0001559998 us-gaap:EmployeeStockOptionMember 2016-04-01 2016-06-30 0001559998 us-gaap:EmployeeStockOptionMember 2015-04-01 2015-06-30 0001559998 us-gaap:EmployeeStockOptionMember AWLD:NonEmployeeMarkToMarketAdjustmentsMember 2015-06-30 0001559998 us-gaap:SubsequentEventMember AWLD:TwoThousandAndSixteenStocKOptionPlanMember 2016-07-11 0001559998 us-gaap:SubsequentEventMember AWLD:TwoThousandAndSixteenStocKOptionPlanMember 2016-07-18 2016-07-19 0001559998 us-gaap:SubsequentEventMember 2016-07-22 0001559998 us-gaap:SubsequentEventMember 2016-07-21 2016-07-22 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure 10-Q false 2016-06-30 Q2 Algodon Wines & Luxury Development Group, Inc. --12-31 Smaller Reporting Company 41602543

127202

87248

7657495

7729064

585095

278122

1384317

1443502

34701

4530327

3978488

4098134

4180442

2112605

2199007

-5290934

-4881933

-5290934

-3294669

-2820805

-535465

-17413

-129742

54846

-5826399

-4899346

-3424411

-2765959

4230500

5498484

875000

941530

250500

75433

12.9441 14.9690 14.3128 8.8166 0.614 1.00

10626715

8956311

1274313

277155

8820686

1689362

10507779

116667

45055

265069

250000

180582

92271

826851

858276

104159

117401

72676

66377

32078

67139

127202

87248

-47489

25119

17584

255497

249555

116385

188134

97428

120679

1400498

1143219

287500 50000 237500 212500 212500 255497 34613 220884 237047 237047

0.125

0.08

0.10

68391 84937 29195 39010

42506

65735

25890

30799

1608200

1713200

350000

470765

125250

2.50

2.00

1382186

640818

973544

75000

1689362

2.10 2.00 2.30 2.50 2.20

P3Y15D

P4Y3M18D

P2Y1M6D

P4Y9M18D

0.05 0.1111

1519613

1409900

1251384

158516

216613

43750

2.32

P2Y4M24D

P1Y9M18D

41477293

41481704

4230500

17132

4213368

14.9690

12.9441

14.8466

451426

277436

563888

272221

58197

157525

73420

117005

154397

127449

218690

15 to 1 1.01 1.00 0.85 0.85

2016-05-06

37700

640818 973544 1614362

75000

399119

332645

2268926

2034232

232789

208274

333911

494429

227796

177755

189612

339849

1184268

1134325

602800

575923

2654025

3337018

4454969

3952284

360015

291230

61284

399119

332645

4131208

3645843

4488

10132

287500 212500

1869808

1701587

7657495

7729064

3127168

388793

-14070

69933147

-9591274

-57589428

3750576

414817

-14070

76356930

-10126739

-62880362

14070

-57589428

-62880362

-9591274

-10126739

69933147

76356930

388793

414817

0.01

11000000

902670

0.01

80000000

38874922

38879333

4411

40096907

36707740

41055670

37416040

-0.13

-0.08

-1101062

-153536

-1073840

-107291

90984

153536

63762

107291

-4189872

-4728397

-2220829

-2713514

4233085

4448964

2155365

2346177

52073

131668

6086

64935

82878

136854

36674

82235

43213

-279433

-65464

-367337

739247

1120671

404520

636612

782460

841238

339056

269275

38879333

4411

41481704

4411

37700 75433 377 75056

493158

605823

493158

563888 563888

-535465

0.125

52073

131668

-42604

46109

1500 4833

172820

149174

63353

-124937

127321

287211

-317128

-819000

233882

173877

-13056

498904

1700757

530260

-3590177

-4351673

-207586

-143857

1729705

110645

442725

584218

473573

1286980

66263

434026

4205073

5348484

25000

50000

51994

121384

16601

76750 73401

42506

65735

-7535

0.965

P3Y P3Y

5000

-47489

-117443

-47489

-133759

-23391

-133759

-33058 -66171

50000

25433

2.00

9180

16163

21373

8295

9919

182227

238748

30700

307176

1614362 2.00 2.18 P2Y11M16D

8939436

8820686

6116281

2.70

2.69

2.88

2.20

2.48

3.30

3.50

3.85

2166890

4847375

10000

25000

8820686

1771421

541723

3775637

2500

25000

6116281

1771421

P1Y9M18D

P3Y10M24D

P2Y4M24D

P3Y10M24D

P2Y

P0Y

7500 6500

100000

2016

7. ACCRUED EXPENSES   Accrued expenses are comprised of the following:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; text-align: justify; line-height: 115%">Accrued compensation and payroll taxes</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 20%; text-align: right; line-height: 115%">1,143,219</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 20%; text-align: right; line-height: 115%">1,400,498</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Accrued taxes payable</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">120,679</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">97,428</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Accrued interest</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">249,555</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">255,497</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Other accrued expenses</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">188,134</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">116,385</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%">Accrued expenses, current</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,701,587</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,869,808</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%">Accrued payroll tax obligations, non-current</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">332,645</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">399,119</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 20pt; text-align: justify; line-height: 115%">Total accrued expenses</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2,034,232</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2,268,926</td> <td style="line-height: 115%"> </td></tr> </table>

9. DEBT OBLIGATIONS   On January 1, 2016, principal and interest of $50,000 and $25,433, respectively, related to the 12.5% Notes were exchanged for 37,700 shares of the Companys common stock at $2.00 per share, in connection with a one-time offer that was not pursuant to the original terms of the note. An additional $9,180 of accrued interest related to the 12.5% Notes was derecognized during the period.   For the three and six months ended June 30, 2016, the Company repaid $0 and $25,000, respectively, of principal related to the 8% Notes.   The Company accrued interest expense of $8,295 and $16,163 during the three and six months ended June 30, 2016 and $9,919 and $21,373 during the three and six months ended June 30, 2015, respectively, in connection with its convertible notes.   The Companys debt obligations consist of the following:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> December 31, 2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Principal</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Interest [1]</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Total</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Principal  </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Interest [1]</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Total</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 36%; text-align: justify; line-height: 115%">8% Convertible Notes</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 6%; text-align: right; line-height: 115%">212,500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">237,047</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 6%; text-align: right; line-height: 115%">449,547</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 8%; text-align: right; line-height: 115%">237,500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">220,884</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 6%; text-align: right; line-height: 115%">458,384</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">12.5% Convertible Notes</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">50,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">34,613</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">84,613</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%">Total</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">212,500</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">237,047</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">449,547</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">287,500</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">255,497</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">542,997</td> <td style="line-height: 115%"> </td></tr> </table>   [1] Accrued interest is included as a component of accrued expenses on the condensed consolidated balance sheets.

The following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify; line-height: 115%">Options</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 18%; text-align: right; line-height: 115%">8,820,686</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 18%; text-align: right; line-height: 115%">8,956,311</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Warrants</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,689,362</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,274,313</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Convertible instruments</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">277,155</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Restricted shares of common stock</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">116,667</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Total potentially dilutive shares</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">10,626,715</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">10,507,779</td> <td> </td></tr> </table>

Investments Related Parties at Fair Value   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">As of June 30, 2016</td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Level 1</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Level 2</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Level 3</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Total</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Warrants- Affiliates</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">87,248</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">87,248</td> <td style="line-height: 115%"> </td></tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> </table>   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">As of December 31, 2015</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Level 1</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Level 2  </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Level 3</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Total</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; line-height: 115%">Warrants- Affiliates</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">-</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">-</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">127,202</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">127,202</td> <td style="width: 1%; line-height: 115%"> </td></tr> </table>

A reconciliation of Level 3 assets is as follows:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Warrants</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; text-align: justify; line-height: 115%">Balance - December 31, 2015</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 25%; text-align: right; line-height: 115%">127,202</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%">Received</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">25,119</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%">Allocated to employees as compensation</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(17,584</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%">Unrealized loss</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(47,489</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Balance - June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">87,248</td> <td style="line-height: 115%"> </td></tr> </table>

<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%">Accumulated unrealized (losses) gains related to investments at fair value</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="width: 16%; border-bottom: black 2.25pt double; text-align: right; line-height: 115%">(66,171</td> <td style="width: 1%; line-height: 115%">)</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="width: 16%; border-bottom: black 2.25pt double; text-align: right; line-height: 115%">(33,058</td> <td style="width: 1%; line-height: 115%">)</td></tr> </table>

Accrued expenses are comprised of the following:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; text-align: justify; line-height: 115%">Accrued compensation and payroll taxes</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 20%; text-align: right; line-height: 115%">1,143,219</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 20%; text-align: right; line-height: 115%">1,400,498</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Accrued taxes payable</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">120,679</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">97,428</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Accrued interest</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">249,555</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">255,497</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Other accrued expenses</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">188,134</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">116,385</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%">Accrued expenses, current</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,701,587</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,869,808</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%">Accrued payroll tax obligations, non-current</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">332,645</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">399,119</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 20pt; text-align: justify; line-height: 115%">Total accrued expenses</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2,034,232</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2,268,926</td> <td style="line-height: 115%"> </td></tr> </table>

The Companys debt obligations consist of the following:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> December 31, 2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Principal</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Interest [1]</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Total</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Principal  </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Interest [1]</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Total</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 36%; text-align: justify; line-height: 115%">8% Convertible Notes</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 6%; text-align: right; line-height: 115%">212,500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">237,047</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 6%; text-align: right; line-height: 115%">449,547</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 8%; text-align: right; line-height: 115%">237,500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">220,884</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 6%; text-align: right; line-height: 115%">458,384</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">12.5% Convertible Notes</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">50,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">34,613</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">84,613</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%">Total</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">212,500</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">237,047</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">449,547</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">287,500</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">255,497</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">542,997</td> <td style="line-height: 115%"> </td></tr> </table>   [1] Accrued interest is included as a component of accrued expenses on the condensed consolidated balance sheets.

A summary of warrant activity during the six months ended June 30, 2016 is presented below:    <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Number of Warrants</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Weighted Average Exercise Price</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Weighted Average Remaining Life in Years</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Intrinsic Value</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 40%; line-height: 115%">Outstanding, December 31, 2015</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">1,382,186</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 12%; text-align: right; line-height: 115%">2.10</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%">Issued</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">307,176</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2.00</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%">Exercised </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%">Cancelled</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Outstanding, June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,689,362</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2.20</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">3.04</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Exercisable, June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,614,362</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2.18</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2.96</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> </table>

A summary of options activity during the six months ended June 30, 2016 is presented below:     <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Number of  Options</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Weighted Average Exercise Price</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Weighted Average Remaining Life In Years</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Intrinsic Value</td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="width: 29%; line-height: 115%">Outstanding, December 31, 2015</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 16%; text-align: right; line-height: 115%">8,939,436</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">2.70</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 15%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="padding-left: 10pt; line-height: 115%">Granted  </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%">Exercised </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="padding-left: 10pt; line-height: 115%">Expired</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(75,000</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3.85</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%">Forfeited </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(43,750</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">2.32</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="line-height: 115%">Outstanding, June 30, 2016  </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">8,820,686</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2.69</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2.4</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="line-height: 115%">Exercisable, June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">6,116,281</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2.88</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1.8</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> </table>

The following table presents information related to stock options at June 30, 2016:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Options Outstanding</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Options Exercisable</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Weighted</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Outstanding</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Average</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Exercisable</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center; line-height: 115%">Exercise</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Number of</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Remaining Life</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Number of</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Price</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Options  </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">In Years</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Options</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 21%; text-align: right; line-height: 115%">2.20</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 21%; text-align: right; line-height: 115%">2,166,890</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 21%; text-align: right; line-height: 115%">3.9</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 26%; text-align: right; line-height: 115%">541,723</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2.48</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">4,847,375</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2.4</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3,775,637</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3.30</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">10,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3.9</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,500</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3.50</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">25,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2.0</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">25,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3.85</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">1,771,421</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0.0</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">1,771,421</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">8,820,686</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1.8</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">6,116,281</td> <td style="line-height: 115%"> </td></tr> </table>

7980

3990

2.50

2.00

2.50

2.00

3500

-3500

350000

76750

307

76443

30700

207586

143857

34701

0.410 0.958 941530 941530 68548 68548 68548 68548 470771 941530 4708 936822

35128

100000

17584

3015

25000 0

89855

15986

67456

22399

14399

1587

The owners of more than 5% of that entity include (i) AWLD’s chairman, and (ii) a more than 5% owner of AWLD.

380472

383952

373000

376000

2.50

150000 75000 75000 185100 86722 47076 161944 214944 198807 245883 P5Y 2020-12-31 105000 2.00 2.00 2.00

100501

2211890 2201890 10000 400000

P5Y

2.20

3.30

P4Y

P2Y8M12D

0.04 0.05 0.03 0.05

0.00

0.46

0.47

0.46

0.47

P5Y

P6Y

P5Y

0.0116

0.0157

0.0112

0.0163

3.85

1224308

0.025 In applying the Black-Scholes option price model to value the warrants, the Company used the following weighted average assumptions:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">For the three months ended June 30,</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">For the six months ended June 30,</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 40%; text-align: justify; line-height: 115%">Risk free interest rate</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">1.12</td> <td style="width: 1%; line-height: 115%">%</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">1.63</td> <td style="width: 1%; line-height: 115%">%</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">1.16</td> <td style="width: 1%; line-height: 115%">%</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">1.57</td> <td style="width: 1%; line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Expected term (years)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">5.00</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">5.00</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">5.00</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">6.00</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Expected volatility</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">46</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">47</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">46</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">47</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Expected dividends</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0.0</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0.0</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0.0</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0.0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Forfeiture rate</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">5</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">4</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">5</td> <td style="line-height: 115%">%</td></tr> </table>

542997 84613 458384 449547 449547

1. ORGANIZATION   Through its wholly-owned subsidiaries, Algodon Wines & Luxury Development Group, Inc. (the Company, Algodon Partners, AWLD), a Delaware corporation that was incorporated on April 5, 1999, currently invests in, develops and operates international real estate projects. The Companys wholly-owned subsidiaries are InvestProperty Group, LLC, Algodon Global Properties, LLC, DPEC Capital, Inc. (CAP), and Algodon Europe, Ltd. AWLD also owns approximately 96.5% of Mercari Communications Group, Ltd. (Mercari), a public shell corporation that is current in its SEC reporting obligations and is a ready target for merger or sale. Mercari is a consolidated subsidiary of the Company and the noncontrolling interest is negligible.   Through its subsidiaries, the Company currently operates Algodon Mansion (TAR), a Buenos Aires-based luxury boutique hotel property and has redeveloped, expanded and repositioned a winery and golf resort property called Algodon Wine Estates (AWE) for subdivision of a portion of this property for residential development.

2. GOING CONCERN AND MANAGEMENTS LIQUIDITY PLANS   The accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company incurred losses of $3,294,669 and $5,290,934 during the three and six months ended June 30, 2016, respectively, and $2,820,805 and $4,881,933 during the three and six months ended June 30, 2015, respectively. The Company has an accumulated deficit of $62,880,362 at June 30, 2016. Cash used in operating activities was $3,590,177 and $4,351,673 for the six months ended June 30, 2016 and 2015, respectively. The aforementioned factors raise substantial doubt about the Companys ability to continue as a going concern.   The Company needs to raise additional capital in order to expand its business objectives. The Company funded its operations for the six months ended June 30, 2016 primarily through a private placement offering of common stock for proceeds of $4,230,500. The Company presently has only enough cash on hand to sustain its operations through November 2016. Historically, the Company has been successful in raising funds to support our capital needs. Management believes that it will be successful in obtaining additional financing; however, no assurance can be provided that the Company will be able to do so. There is no assurance that these funds will be sufficient to enable the Company to attain profitable operations or continue as a going concern. To the extent that the Company is unsuccessful, the Company may need to curtail its operations and implement a plan to extend payables and reduce overhead until sufficient additional capital is raised to support further operations. There can be no assurance that such a plan will be successful. Such a plan could have a material adverse effect on the Companys business, financial condition and results of operations, and ultimately the Company could be forced to discontinue its operations, liquidate and/or seek reorganization in bankruptcy. These condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES   Basis of Presentation    The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the unaudited condensed consolidated financial statements of the Company as of June 30, 2016, and for the three and six months ended June 30, 2016 and 2015. The results of operations for the three and six months ended June 30, 2016 are not necessarily indicative of the operating results for the full year. It is suggested that these unaudited condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Companys annual report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission (SEC) on March 30, 2016, as amended on March 31, 2016. The condensed consolidated balance sheet as of December 31, 2015 has been derived from the Company's audited consolidated financial statements.   Use of Estimates   To prepare financial statements in conformity with accounting principles generally accepted in the United States of America, the Company must make estimates and assumptions. These estimates and assumptions affect the reported amounts in the financial statements, and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The significant estimates and related assumptions made by the Company relate to the valuation of equity instruments, the useful lives of property and equipment and reserves associated with the realizability of certain assets.   Segment Information   The Financial Accounting Standards Board (FASB) has established standards for reporting information on operating segments of an enterprise in interim and annual financial statements. The Company operates in one segment which is the business of real estate development in Argentina. The Companys chief operating decision-maker reviews the Companys operating results on an aggregate basis and manages the Companys operations as a single operating segment. Certain activities of the Company such as the U.S. Broker Dealer Operations, are considered a service or support division to the Company, by providing capital raising efforts, substantially to support the AWLD real estate development activities, and are not considered a business for segment purposes.   Reclassifications     Certain prior year balances have been reclassified in order to conform to current year presentation. These reclassifications have no effect on previously reported results of operations or loss per share.    Foreign Currency Translation   The Companys functional and reporting currency is the United States dollar. The functional currencies of the Companys operating subsidiaries are their local currencies (United States dollar, Argentine peso and British pound). There has been a steady devaluation of the Argentine peso relative to the United States dollar in recent years. Assets and liabilities are translated into U.S. dollars at the balance sheet date (14.9690 and 12.9441 at June 30, 2016 and December 31, 2015, respectively) and revenue and expense accounts are translated at a weighted average exchange rate for the period or for the year then ended (14.3128 and 8.8166 for the six months ended June 30, 2016 and 2015, respectively). Resulting translation adjustments are made directly to accumulated other comprehensive income. The Company engages in foreign currency denominated transactions with customers and suppliers, as well as between subsidiaries with different functional currencies.   A highly inflationary economy is defined as an economy with a cumulative inflation rate of approximately 100 percent or more over a three-year period. If a countrys economy is classified as highly inflationary, the functional currency of the foreign entity operating in that country must be remeasured to the functional currency of the reporting entity. The official cumulative inflation rate for Argentina over the last three calendar years approximated 61.4%, although the International Monetary Fund has concerns regarding the accuracy of the official data.   Property and Equipment   Investments in property and equipment are recorded at cost. These assets are depreciated using the straight-line method over their estimated useful lives. Most of the Companys assets are located in Argentina and are subject to variation as a result of foreign currency translation.   The Company capitalizes internal vineyard improvement costs when developing new vineyards or replacing or improving existing vineyards. These costs consist primarily of the costs of the vines and expenditures related to labor and materials to prepare the land and construct vine trellises. Expenditures for repairs and maintenance are charged to operating expense as incurred. The cost of properties sold or otherwise disposed of and the related accumulated depreciation are eliminated from the accounts at the time of disposal and resulting gains and losses are included as a component of operating income. Real estate development consists of costs incurred to ready the land for sale, including primarily costs of infrastructure as well as master plan development and associated professional fees. Given that they are not currently in service, the assets are currently not being depreciated.    Stock-Based Compensation   The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors, the fair value of the award is measured on the grant date and for non-employees, the fair value of the award is generally re-measured on financial reporting dates and vesting dates until the service period is complete. The fair value amount of the shares expected to ultimately vest is then recognized over the period services are required to be provided in exchange for the award, usually the vesting period. The estimation of stock-based awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from original estimates, such amounts are recorded as a cumulative adjustment in the period estimates are revised. The Company considers many factors when estimating expected forfeitures, including types of awards, employee class, and historical experience.   Concentrations   The Company maintains cash with major financial institutions. Cash held in US bank institutions is currently insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 at each institution. No similar insurance or guarantee exists for cash held in Argentina bank accounts. There were aggregate uninsured cash balances of $265,069 and $45,055 at June 30, 2016 and December 31, 2015, respectively.   Comprehensive Income (Loss)   Comprehensive income (loss) is defined as the change in equity of a business during a period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. The guidance requires other comprehensive income (loss) to include foreign currency translation adjustments.   Revenue Recognition   The Company earns revenues from its real estate, hospitality, food & beverage, broker-dealer and other related services. Revenues from rooms, food and beverage, and other operating departments are recognized as earned at the time of sale or rendering of service. Cash received in advance of the sale or rendering of services is recorded as advance deposits or deferred revenue on the condensed consolidated balance sheets. Deferred revenues associated with real estate lot sale deposits are recognized as revenues (along with any outstanding balance) when the lot sale closes and the deed is provided to the purchaser. Other deferred revenues primarily consist of deposits accepted by the Company in connection with agreements to sell barrels of wine. These wine barrel deposits are recognized as revenues (along with any outstanding balance) when the barrel of wine is shipped to the purchaser. Sales taxes and value added (VAT) taxes collected from customers and remitted to governmental authorities are presented on a net basis within revenues in the condensed consolidated statements of operations.    Net Loss per Common Share   Basic loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding, plus the impact of common shares, if dilutive, resulting from the exercise of outstanding stock options and warrants and the conversion of convertible instruments.   The following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify; line-height: 115%">Options</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 18%; text-align: right; line-height: 115%">8,820,686</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 18%; text-align: right; line-height: 115%">8,956,311</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Warrants</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,689,362</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,274,313</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Convertible instruments</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">277,155</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Restricted shares of common stock</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">116,667</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Total potentially dilutive shares</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">10,626,715</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">10,507,779</td> <td style="line-height: 115%"> </td></tr> </table>   New Accounting Pronouncements   In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The Company is currently evaluating the impact of the adoption of ASU 2016-09 on its consolidated financial statements or disclosures.   In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. The amendments in this update clarify the following two aspects to Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The entity first identifies the promised goods or services in the contract and reduce the cost and complexity. An entity evaluates whether promised goods and services are distinct. Topic 606 includes implementation guidance on determining whether an entitys promise to grant a license provides a customer with either a right to use the entitys intellectual property (which is satisfied at a point in time) or a right to access the entitys intellectual property (which is satisfied over time). The Company is currently evaluating the impact of the adoption of ASU 2016-10 on its consolidated financial statements or disclosures.    In May 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients (Update 2016-12), amending Update 2014-09. The amendments do not change the core principles of Update 2014-09, but clarify matters related to assessment of a collectability criterion, presentation of sales and other taxes collected from customers, non-cash consideration, contract modifications at transition and completed contracts at transition. The requirements for these standards relating to Topic 606 will be effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. The Company is currently evaluating the impact of the updated requirements on its consolidated financial statements.   The Company has implemented all new accounting standards that are in effect and may impact its condensed consolidated financial statements and does not believe that there are any other new accounting standards that have been issued that might have a material impact on its financial position or results of operations.

4. INVENTORY   Inventory at June 30, 2016 and December 31, 2015 is comprised of the following:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 50%; text-align: justify; line-height: 115%">Vineyard in process</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 18%; text-align: right; line-height: 115%">92,271</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 26%; text-align: right; line-height: 115%">180,582</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Wine in process</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">858,276</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">826,851</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Finished wine</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">117,401</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">104,159</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Other</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">66,377</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">72,676</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,134,325</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,184,268</td> <td style="line-height: 115%"> </td></tr> </table>

5. NET CAPITAL REQUIREMENTS     The Companys subsidiary, CAP, as a registered broker-dealer, is subject to the SECs Uniform Net Capital Rule 15c3-1 that requires the maintenance of minimum net capital. This requires that CAP maintain minimum net capital of $5,000 and requires that the ratio of aggregate indebtedness, as defined, to net capital, shall not exceed 15 to 1.   As of June 30, 2016 and December 31, 2015, CAPs net capital exceeded the requirement by $67,139 and $32,078, respectively.   The Company had a percentage of aggregate indebtedness to net capital of approximately 41.0 % and 95.8% as of June 30, 2016 and December 31, 2015, respectively.   Advances, dividend payments and other equity withdrawals are restricted by the regulations of the SEC, and other regulatory agencies are subject to certain notification and other provisions of the net capital rules of the SEC. The Company qualifies under the exemptive provisions of Rule 15c3-3 as the Company does not carry security accounts for customers or perform custodial functions related to customer securities.

6. INVESTMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS   Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Company often utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or developed by the Company. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:   Level 1 - Valued based on quoted prices at the measurement date for identical assets or liabilities trading in active markets. Financial instruments in this category generally include actively traded equity securities.   Level 2 - Valued based on (a) quoted prices for similar assets or liabilities in active markets; (b) quoted prices for identical or similar assets or liabilities in markets that are not active; (c) inputs other than quoted prices that are observable for the asset or liability; or (d) from market corroborated inputs. Financial instruments in this category include certain corporate equities that are not actively traded or are otherwise restricted.   Level 3 - Valued based on valuation techniques in which one or more significant inputs is not readily observable. Included in this category are certain corporate debt instruments, certain private equity investments, and certain commitments and guarantees.     The Companys financial assets and liabilities measured at fair value on a recurring basis were as follows:   Investments Related Parties at Fair Value   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">As of June 30, 2016</td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Level 1</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Level 2</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Level 3</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Total</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Warrants- Affiliates</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">87,248</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">87,248</td> <td style="line-height: 115%"> </td></tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> </table>   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">As of December 31, 2015</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Level 1</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Level 2  </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Level 3</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Total</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; line-height: 115%">Warrants- Affiliates</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">-</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">-</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">127,202</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">127,202</td> <td style="width: 1%; line-height: 115%"> </td></tr> </table>   A reconciliation of Level 3 assets is as follows:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Warrants</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%; text-align: justify; line-height: 115%">Balance - December 31, 2015</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 25%; text-align: right; line-height: 115%">127,202</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%">Received</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">25,119</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%">Allocated to employees as compensation</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(17,584</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%">Unrealized loss</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(47,489</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Balance - June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">87,248</td> <td style="line-height: 115%"> </td></tr> </table>      <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Accumulated unrealized (losses) gains related to investments at fair value</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">(66,171</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">(33,058</td> <td style="line-height: 115%">)</td></tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> </table>    It is the Companys policy to distribute part or all of the warrants CAP earns through serving as placement agent on various private placement offerings for a related but independent entity under common management, to registered representatives or other employees who provided investment banking services. The Company recorded $3,015 and $17,584 of compensation expense (fair value) related to these distributed warrants for the three and six months ended June 30, 2016, respectively. There was no compensation recorded related to distributed warrants for the three and six months ended June 30, 2015. Warrants retained by the Companys broker-dealer subsidiary are marked to market at each reporting date using the Black-Scholes option pricing model. Unrealized losses on affiliate warrants of $23,391 and $47,489 recorded during the three and six months ended June 30, 2016 and $117,443 and $133,759 for the three and six months ended June 30, 2015, respectively, are included in revenues on the accompanying condensed consolidated statements of operations.    The fair value of the warrants was determined based on the Black-Scholes option pricing model, which requires the input of highly subjective assumptions, including the expected share price volatility. Given that such shares were not publicly-traded, the Company developed an expected volatility figure based on a review of the historical volatilities, over a period of time, of similarly positioned public companies within the industry.   The Companys short term financial instruments include cash, accounts receivable, advances and loans to registered representatives, accounts payable, accrued expenses, deferred revenue, other liabilities, loans payable and debt obligations. The carrying value of these instruments approximate fair value, as they bear terms and conditions comparable to market, for obligations with similar terms and maturities.

8. LOANS PAYABLE   On March 6, 2016 the Company entered into a short-term loan payable in exchange for proceeds of $34,701 which was used to pay certain payroll and payroll tax obligations. The loan matured on May 6, 2016 and bore interest of 10% over term of the loan.   All principal and interest due under the loan payable was repaid in full on May 6, 2016.

10. RELATED PARTY TRANSACTIONS   Assets   Accounts receivable related parties, net of $494,429 and $333,911 at June 30, 2016 and December 31, 2015, respectively, represents the net realizable value of advances made to related, but independent, entities under common management, of which $238,748 and $182,227, respectively, represents amounts owed to the Company in connection with expense sharing agreements as described below.   Investments   See Note 6 Investments and Fair Value of Financial Instruments, for information related to investments in related parties.   Revenues   For the three and six months ended June 30, 2016, the Company recorded $15,986 and $89,855 of private equity and venture capital fees arising from private placement transactions on behalf of a related, but independent, entity under common management. Of these amounts, $14,399 and $67,456, respectively, represent cash fees and $1,587 and $22,399, respectively, represent fees in the form of warrants for the three months ended June 30, 2016, which were recorded at fair value as of the grant date using the Black-Scholes option pricing model. The Company did not record any related party revenues during the three and six months ended June 30, 2015.   Expense Sharing   On April 1, 2010, the Company entered into an agreement with a related entity of which AWLDs CEO is Chairman and Chief Executive Officer, and AWLDs CFO is an executive officer, to share expenses such as office space, support staff and other operating expenses. General and administrative expenses were reduced by $29,195 and $68,391 during the three and six months ended June 30, 2016 and $39,010 and $84,937 during the three and six months ended June 30, 2015, respectively. The entity owed $227,796 and $177,755 to the Company under the expense sharing agreement as of June 30, 2016 and December 31, 2015, respectively, which is included in accounts receivable related parties, net on the accompanying condensed consolidated balance sheets.   In addition, the Company has an expense sharing agreement with a related, but independent entity to share expenses such as office space and other clerical services. The owners of more than 5% of that entity include (i) AWLDs chairman, and (ii) a more than 5% owner of AWLD. General and administrative expenses were reduced by $3,990 and $7,980 during the three and six months ended June 30, 2016, respectively and $3,990 and $7,980 during the three and six months ended June 30, 2015, respectively. The entity owed $383,952 and $380,472 to the Company under the expense sharing agreement as of June 30, 2016 and December 31, 2015, respectively, of which $373,000 and $376,000, respectively, is deemed unrecoverable and written off.

11. BENEFIT CONTRIBUTION PLAN   The Company sponsors a 401(k) profit-sharing plan (401(k) Plan) that covers substantially all of its employees in the United States. The 401(k) Plan provides for a discretionary annual contribution, which is allocated in proportion to compensation. In addition, each participant may elect to contribute to the 401(k) Plan by way of a salary deduction.   A participant is always fully vested in their account, including the Companys contribution. For the three and six months ended June 30, 2016, the Company recorded a charge associated with its contribution of $25,890 and $42,506 and for the three and six months ended June 30, 2015, the Company recorded a charge associated with its contribution of $30,799 and $65,735, respectively. This charge has been included as a component of general and administrative expenses in the accompanying condensed consolidated statements of operations. The Company issues shares of its common stock to settle prior years obligations based on the fair market value of its common stock on the date the shares are issued. During the six months ended June 30, 2016 the Company issued 30,700 shares of common stock at $2.50 per share in connection with its 401(k) obligation for the year ended December 31, 2015.

12. STOCKHOLDERS EQUITY   Common Stock   During the six months ended June 30, 2016, the Company issued 1,608,200 shares of common stock at $2.50 per share and 105,000 shares of common stock at $2.00 per share for aggregate cash proceeds of $4,230,500.   On June 1, 2016, the Company issued an additional 470,765 common shares for no consideration, to investors who had purchased shares between December 2015 and May 2016 at a price of $2.50 per share, in order to effectively reduce the per share price to $2.00 per share. The Company recorded a charge of $941,530 related to the issuance of these shares during the three and six months ended June 30, 2016, which is recorded as common stock price modification expense in the accompanying condensed consolidated statements of operations.   Restricted Stock Awards   On January 11, 2016, the Company issued 350,000 shares of restricted stock with a grant date value of $875,000 to Maxim Group, LLC (Maxim), in connection with the entering into an agreement with Maxim for general financial advisory and investment banking services. The shares vested 11.11% in connection with the execution of the agreement, and vest 11.11% monthly thereafter. The shares are marked to market when they vest, and unvested shares are marked to market at each reporting period, with the current fair value expensed over the vesting period. During the three and six months ended June 30, 2016, the Company recognized $272,221 and $563,888 of stock based compensation expense related to the vesting of this award, which is included in general and administrative expenses in the accompanying condensed consolidated statements of operations.   Application for Quotation on OTC Bulletin Board   On January 20, 2016 FINRA cleared the Companys request to submit quotations on the OTC Bulletin Board and in OTC Link. In addition, the Company submitted its application for quotation on the OTCQB marketplace which was approved on March 7, 2016. As of August __, 2016, there have been no sales of the Companys common stock in the over-the-counter market.   Accumulated Other Comprehensive Loss   For three and six months ended June 30, 2016, the Company recorded $129,742 and $535,465, respectively, of foreign currency translation adjustments as accumulated other comprehensive loss, and for the three and six months ended June 30, 2015, the Company recorded $54,846 and $(17,413), respectively, of foreign currency translation adjustments as accumulated other comprehensive loss.    Warrants     Pursuant to the Companys Investor Relations Consulting Agreement (see Note 13 Commitments and Contingencies Commitments), the Company granted five-year warrants for the purchase of 75,000 shares of the Companys common stock to MZCHI on April 18, 2016 and will grant five-year warrants for the purchase of an additional 75,000 shares of the Companys common stock on October 18, 2016 (collectively, the IR Warrants). The warrants have an exercise price of $2.50 per share, and vest three months from the date of grant. As of the effective date of the agreement, the IR Warrants had an aggregate value of $100,501, and the unvested warrants are subject to mark to market adjustments at each reporting and vest date, and which is amortized through the vesting period for each respective grant. During the three and six months ended June 30, 2016, the Company recorded $58,197 of stock-based compensation related to the amortization of the IR Warrants, which is recorded within general and administrative expense in the condensed consolidated statements of operations.   During the three and six months ended June 30, 2016, in connection with the sale of its equity securities, the Company issued five-year warrants (the CAP Warrants) to its subsidiary CAP, who acted as placement agent, to purchase 86,722 and 185,100 shares of its common stock, with a weighted average grant date value of $1.00 and $1.01 per share, respectively. Warrants granted between January 1, 2016 and May 31, 2016 were granted with an exercise price of $2.50 per share and warrants granted during June of 2016 had an exercise price of $2.00 per share. On June 1, 2016, the exercise price of warrants granted from December 2015 through May 2016 was reduced to $2.00 per share and the quantity of shares available to be issued pursuant to the warrants was increased, in the aggregate, by 47,076 shares (See Modification of Warrants, below). During the three and six months ended June 30, 2015, in connection with the sale of its equity securities, the Company issued five-year warrants to its subsidiary CAP, who acted as placement agent, to purchase 161,944 and 214,944 shares, respectively, of its common stock with an exercise price of $2.00 per share, which had a weighted average grant date value per share of $0.85 and $0.85, respectively. CAP, in turn, awarded such warrants to its registered representatives and recorded $73,420 and $157,525, of stock-based compensation expense for three and six months ended June 30, 2016, and $117,005 and $154,397, of stock-based compensation expense for the three and six months ended June 30, 2015, respectively, within general and administrative expense in the condensed consolidated statements of operations.   In applying the Black-Scholes option price model to value the warrants, the Company used the following weighted average assumptions:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">For the three months ended June 30,</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">For the six months ended June 30,</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 40%; text-align: justify; line-height: 115%">Risk free interest rate</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">1.12</td> <td style="width: 1%; line-height: 115%">%</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">1.63</td> <td style="width: 1%; line-height: 115%">%</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">1.16</td> <td style="width: 1%; line-height: 115%">%</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">1.57</td> <td style="width: 1%; line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Expected term (years)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">5.00</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">5.00</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">5.00</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">6.00</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Expected volatility</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">46</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">47</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">46</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">47</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Expected dividends</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0.0</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0.0</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0.0</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0.0</td> <td style="line-height: 115%">%</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Forfeiture rate</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">5</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">4</td> <td style="line-height: 115%">%</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">5</td> <td style="line-height: 115%">%</td></tr> </table>     A summary of warrant activity during the six months ended June 30, 2016 is presented below:    <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Number of Warrants</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Weighted Average Exercise Price</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Weighted Average Remaining Life in Years</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Intrinsic Value</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 40%; line-height: 115%">Outstanding, December 31, 2015</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%">1,382,186</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 12%; text-align: right; line-height: 115%">2.10</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%">Issued</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">307,176</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2.00</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%">Exercised </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%">Cancelled</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Outstanding, June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,689,362</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2.20</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">3.04</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Exercisable, June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,614,362</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2.18</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2.96</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> </table>      A summary of outstanding and exercisable warrants as of June 30, 2016 is presented below:    <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td colspan="8" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Warrants Outstanding</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="7" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Warrants Exercisable</td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Exercise Price</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Exercisable Info</td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Outstanding Number of Warrants</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Weighted Average Remaining Life In Years</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Exercisable Number of| Warrants</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">2.00</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 22%; line-height: 115%">Common Stock</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 18%; text-align: right; line-height: 115%">640,818</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 17%; text-align: right; line-height: 115%">4.3</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 17%; text-align: right; line-height: 115%">640,818</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">2.50</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">Common Stock</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">75,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">4.8</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">2.30</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">Preferred Stock</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">973,544</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2.1</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">973,544</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="padding-left: 10pt; line-height: 115%">Total</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,689,362</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,614,362</td> <td style="line-height: 115%"> </td></tr> </table>     Modification of Warrants   On June 1, 2016, in connection with the issuance of common stock for the purpose of modifying the investor price per share (see Common Stock, above), the Company modified CAP Warrants granted between December 2015 and May 2016, such that the exercise price was adjusted from $2.50 per share to $2.00 per share, and the aggregate number of shares available to be purchased in connection with the warrants was increased from 198,807 to 245,883 shares. The Company recorded warrant modification expense of $68,548 related to the modification of the CAP Warrants.   Stock Options    The Company has computed the fair value of options granted using the Black-Scholes option pricing model. There is currently no public trading market for the shares of AWLD common stock underlying the Companys 2008 Equity Incentive Plan (the 2008 Plan). Accordingly, the fair value of the AWLD common stock was estimated by management based on observations of the cash sales prices of AWLD equity securities. Forfeitures are estimated at the time of valuation and reduce expense ratably over the vesting period. This estimate will be adjusted periodically based on the extent to which actual forfeitures differ, or are expected to differ, from the previous estimate, when it is material. The expected term of options granted to consultants represents the contractual term, whereas the expected term of options granted to employees and directors was estimated based upon the simplified method for plain-vanilla options. Given that the Companys shares are not publicly traded, the Company developed an expected volatility figure based on a review of the historical volatilities, over a period of time, of similarly positioned public companies within its industry. The risk-free interest rate was determined from the implied yields from U.S. Treasury zero-coupon bonds with a remaining term consistent with the expected term of the options. The Company estimated forfeitures related to options at an annual rate of 5% for options outstanding at June 30, 2016.   On June 15, 2015, the Company granted five-year options to purchase an aggregate of 2,211,890 shares of common stock to employees, officers, directors and consultants of the Company, pursuant to the 2008 Plan. Options to purchase an aggregate of 2,201,890 shares had an exercise price of $2.20 per share and an option to purchase 10,000 shares of common stock had an exercise price of $3.30 per share. The options vest over a four year period with one-fourth vesting on June 8, 2016 and the remainder vesting quarterly thereafter and had an aggregate grant date value of $1,409,900, of which, options granted to employees, officers and directors had an aggregate grant date fair value of $1,251,384, which will be recognized ratably over the vesting period, while options granted to consultants had an aggregate grant date value of $158,516, which will be re-measured on financial reporting dates and vesting dates until the service period is complete.   There were no stock options granted during the three and six months ended June 30. 2016.    During the three and six months ended June 30, 2016 the Company recorded stock-based compensation expense of $127,449 and $277,436 respectively and during the three and six months ended June 30, 2015, the Company recorded stock-based compensation expense of $218,690 and $451,426, respectively, related to stock option grants, which is reflected as general and administrative expenses in the condensed consolidated statements of operations. As of June 30, 2016, there was $1,519,613 of unrecognized stock-based compensation expense related to stock option grants that will be amortized over a weighted average period of 2.7 years, of which $216,613 of unrecognized expense is subject to non-employee mark-to-market adjustments.    A summary of options activity during the six months ended June 30, 2016 is presented below:     <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Number of  Options</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Weighted Average Exercise Price</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Weighted Average Remaining Life In Years</td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td style="vertical-align: bottom; text-align: center; line-height: 115%"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Intrinsic Value</td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="width: 29%; line-height: 115%">Outstanding, December 31, 2015</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 16%; text-align: right; line-height: 115%">8,939,436</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">2.70</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 15%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 12%; text-align: right; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="padding-left: 10pt; line-height: 115%">Granted  </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%">Exercised </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="padding-left: 10pt; line-height: 115%">Expired</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(75,000</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3.85</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%">Forfeited </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(43,750</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">2.32</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="line-height: 115%">Outstanding, June 30, 2016  </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">8,820,686</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2.69</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2.4</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="background-color: white"> <td style="line-height: 115%">Exercisable, June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">6,116,281</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">2.88</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1.8</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> </table>    The following table presents information related to stock options at June 30, 2016:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Options Outstanding</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Options Exercisable</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Weighted</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Outstanding</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Average</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Exercisable</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: center; line-height: 115%">Exercise</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Number of</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Remaining Life</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">Number of</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Price</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Options  </td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">In Years</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"> Options</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 21%; text-align: right; line-height: 115%">2.20</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 21%; text-align: right; line-height: 115%">2,166,890</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 21%; text-align: right; line-height: 115%">3.9</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 26%; text-align: right; line-height: 115%">541,723</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2.48</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">4,847,375</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2.4</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3,775,637</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3.30</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">10,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3.9</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,500</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3.50</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">25,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2.0</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">25,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3.85</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">1,771,421</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">0.0</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">1,771,421</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">8,820,686</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1.8</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">6,116,281</td> <td style="line-height: 115%"> </td></tr> </table>

13. COMMITMENTS AND CONTINGENCIES   Legal Matters   The Company is involved in litigation and arbitrations from time to time in the ordinary course of business. The Company does not believe that the outcome of any such pending or threatened litigation will have a material adverse effect on its financial condition or results of operations. However, as is inherent in legal proceedings, there is a risk that an unpredictable decision adverse to the company could be reached. The Company records legal costs associated with loss contingencies as incurred. Settlements are accrued when, and if, they become probable and estimable.   Consulting Agreements   On or about January 11, 2016, the Company entered into an agreement with Maxim Group LLC (Maxim) to provide general financial advisory and investment banking services to the Company. Pursuant to the terms of this agreement, Maxim will receive a monthly cash fee of $7,500 for the duration of the agreement, which may be terminated by either party at any time after six months, or upon 30 days prior written notice to the other party. In connection with the agreement, the Company issued 350,000 shares of restricted common stock valued at $2.50 per share to Maxim (see Note 12 Stockholders Equity), which vest 11.1% upon execution of the agreement, and 11.1% monthly thereafter. An additional 100,000 shares of restricted stock will be issued to Maxim upon the uplisting of the Companys common stock to a national exchange.   The Company entered into an Investor Relations Consulting Agreement effective April 8, 2016 (the IR Agreement) with MZHCI LLC (MZHCI) to provide consulting services with respect to financial markets and exchanges, competitors, business acquisitions and other related matters in exchange for consideration of $6,500 of cash per month plus five-year warrants for the purchase of up to 150,000 shares of the Companys common stock at an exercise price of $2.50 per share, of which warrants for the purchase of 75,000 share of common stock were granted on April 18, 2016 (see Note 12 Stockholders Equity Warrants) and warrants for the purchase of additional 75,000 shares of common stock are to be granted on October 18, 2016.   Importer Agreement   The Company entered into an agreement (the Importer Agreement) with an importer (the Importer) effective June 1, 2016, pursuant to which the Company has engaged the Importer as its sole and exclusive importer, distributor and marketing agent of wine in the United States at prices mutually agreed upon by the Company and the Importer.  The Importer Agreement terminates on December 31, 2020, and is renewable for an indefinite number of successive three year terms.  The Importer Agreement may be terminated by the Company or the Importer for cause, as defined in the Importer Agreement.

14. SUBSEQUENT EVENTS   Management has evaluated all subsequent events to determine if events or transactions occurring through the date the condensed consolidated financial statements were issued, require adjustment to or disclosure in the condensed consolidated financial statements.   Foreign Currency Exchange Rates   The Argentine peso to United States dollar exchange rate was 14.8466, 14.9690 and 12.9441 at August 11, 2016, June 30, 2016 and December 31, 2015, respectively.   Equity Compensation Plan   On July 11, 2016, the Board of Directors of Algodon Wines & Luxury Development Group, Inc. (the Company) adopted the 2016 Stock Option Plan (the 2016 Plan). Under the 2016 Plan, 1,224,308 shares of common stock of the Company are authorized for issuance, with an automatic annual increase on January 1 of each year equal to 2.5% of the total number of shares of common stock outstanding on such date, on a fully diluted basis.   On July 19, 2016, options for the purchase of an aggregate 400,000 shares of the Companys common stock were granted to two members of the Companys Board of Directors, under the 2016 Plan.   Equity Transactions   During the period from July 22, 2016 through the filing date of this report, the Company sold 125,250 shares of its common stock at a price of $2.00 per share for cash proceeds of $250,500.

Basis of Presentation    The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the unaudited condensed consolidated financial statements of the Company as of June 30, 2016, and for the three and six months ended June 30, 2016 and 2015. The results of operations for the three and six months ended June 30, 2016 are not necessarily indicative of the operating results for the full year. It is suggested that these unaudited condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Companys annual report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission (SEC) on March 30, 2016, as amended on March 31, 2016. The condensed consolidated balance sheet as of December 31, 2015 has been derived from the Company's audited consolidated financial statements.

Use of Estimates   To prepare financial statements in conformity with accounting principles generally accepted in the United States of America, the Company must make estimates and assumptions. These estimates and assumptions affect the reported amounts in the financial statements, and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The significant estimates and related assumptions made by the Company relate to the valuation of equity instruments, the useful lives of property and equipment and reserves associated with the realizability of certain assets.

Segment Information   The Financial Accounting Standards Board (FASB) has established standards for reporting information on operating segments of an enterprise in interim and annual financial statements. The Company operates in one segment which is the business of real estate development in Argentina. The Companys chief operating decision-maker reviews the Companys operating results on an aggregate basis and manages the Companys operations as a single operating segment. Certain activities of the Company such as the U.S. Broker Dealer Operations, are considered a service or support division to the Company, by providing capital raising efforts, substantially to support the AWLD real estate development activities, and are not considered a business for segment purposes.

Reclassifications     Certain prior year balances have been reclassified in order to conform to current year presentation. These reclassifications have no effect on previously reported results of operations or loss per share.

Foreign Currency Translation   The Companys functional and reporting currency is the United States dollar. The functional currencies of the Companys operating subsidiaries are their local currencies (United States dollar, Argentine peso and British pound). There has been a steady devaluation of the Argentine peso relative to the United States dollar in recent years. Assets and liabilities are translated into U.S. dollars at the balance sheet date (14.9690 and 12.9441 at June 30, 2016 and December 31, 2015, respectively) and revenue and expense accounts are translated at a weighted average exchange rate for the period or for the year then ended (14.3128 and 8.8166 for the six months ended June 30, 2016 and 2015, respectively). Resulting translation adjustments are made directly to accumulated other comprehensive income. The Company engages in foreign currency denominated transactions with customers and suppliers, as well as between subsidiaries with different functional currencies.   A highly inflationary economy is defined as an economy with a cumulative inflation rate of approximately 100 percent or more over a three-year period. If a countrys economy is classified as highly inflationary, the functional currency of the foreign entity operating in that country must be remeasured to the functional currency of the reporting entity. The official cumulative inflation rate for Argentina over the last three calendar years approximated 61.4%, although the International Monetary Fund has concerns regarding the accuracy of the official data.

Property and Equipment   Investments in property and equipment are recorded at cost. These assets are depreciated using the straight-line method over their estimated useful lives. Most of the Companys assets are located in Argentina and are subject to variation as a result of foreign currency translation.   The Company capitalizes internal vineyard improvement costs when developing new vineyards or replacing or improving existing vineyards. These costs consist primarily of the costs of the vines and expenditures related to labor and materials to prepare the land and construct vine trellises. Expenditures for repairs and maintenance are charged to operating expense as incurred. The cost of properties sold or otherwise disposed of and the related accumulated depreciation are eliminated from the accounts at the time of disposal and resulting gains and losses are included as a component of operating income. Real estate development consists of costs incurred to ready the land for sale, including primarily costs of infrastructure as well as master plan development and associated professional fees. Given that they are not currently in service, the assets are currently not being depreciated.

Stock-Based Compensation   The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors, the fair value of the award is measured on the grant date and for non-employees, the fair value of the award is generally re-measured on financial reporting dates and vesting dates until the service period is complete. The fair value amount of the shares expected to ultimately vest is then recognized over the period services are required to be provided in exchange for the award, usually the vesting period. The estimation of stock-based awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from original estimates, such amounts are recorded as a cumulative adjustment in the period estimates are revised. The Company considers many factors when estimating expected forfeitures, including types of awards, employee class, and historical experience.

Concentrations   The Company maintains cash with major financial institutions. Cash held in US bank institutions is currently insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 at each institution. No similar insurance or guarantee exists for cash held in Argentina bank accounts. There were aggregate uninsured cash balances of $265,069 and $45,055 at June 30, 2016 and December 31, 2015, respectively.

Comprehensive Income (Loss)   Comprehensive income (loss) is defined as the change in equity of a business during a period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. The guidance requires other comprehensive income (loss) to include foreign currency translation adjustments.

Revenue Recognition   The Company earns revenues from its real estate, hospitality, food & beverage, broker-dealer and other related services. Revenues from rooms, food and beverage, and other operating departments are recognized as earned at the time of sale or rendering of service. Cash received in advance of the sale or rendering of services is recorded as advance deposits or deferred revenue on the condensed consolidated balance sheets. Deferred revenues associated with real estate lot sale deposits are recognized as revenues (along with any outstanding balance) when the lot sale closes and the deed is provided to the purchaser. Other deferred revenues primarily consist of deposits accepted by the Company in connection with agreements to sell barrels of wine. These wine barrel deposits are recognized as revenues (along with any outstanding balance) when the barrel of wine is shipped to the purchaser. Sales taxes and value added (VAT) taxes collected from customers and remitted to governmental authorities are presented on a net basis within revenues in the condensed consolidated statements of operations.

Net Loss per Common Share   Basic loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding, plus the impact of common shares, if dilutive, resulting from the exercise of outstanding stock options and warrants and the conversion of convertible instruments.   The following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; text-align: justify; line-height: 115%">Options</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 18%; text-align: right; line-height: 115%">8,820,686</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 18%; text-align: right; line-height: 115%">8,956,311</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Warrants</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,689,362</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,274,313</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Convertible instruments</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">277,155</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Restricted shares of common stock</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">116,667</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Total potentially dilutive shares</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">10,626,715</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">10,507,779</td> <td style="line-height: 115%"> </td></tr> </table>

New Accounting Pronouncements   In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The amendments are effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The Company is currently evaluating the impact of the adoption of ASU 2016-09 on its consolidated financial statements or disclosures.   In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. The amendments in this update clarify the following two aspects to Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The entity first identifies the promised goods or services in the contract and reduce the cost and complexity. An entity evaluates whether promised goods and services are distinct. Topic 606 includes implementation guidance on determining whether an entitys promise to grant a license provides a customer with either a right to use the entitys intellectual property (which is satisfied at a point in time) or a right to access the entitys intellectual property (which is satisfied over time). The Company is currently evaluating the impact of the adoption of ASU 2016-10 on its consolidated financial statements or disclosures.    In May 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients (Update 2016-12), amending Update 2014-09. The amendments do not change the core principles of Update 2014-09, but clarify matters related to assessment of a collectability criterion, presentation of sales and other taxes collected from customers, non-cash consideration, contract modifications at transition and completed contracts at transition. The requirements for these standards relating to Topic 606 will be effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. The Company is currently evaluating the impact of the updated requirements on its consolidated financial statements.   The Company has implemented all new accounting standards that are in effect and may impact its condensed consolidated financial statements and does not believe that there are any other new accounting standards that have been issued that might have a material impact on its financial position or results of operations.

Inventory at June 30, 2016 and December 31, 2015 is comprised of the following:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 50%; text-align: justify; line-height: 115%">Vineyard in process</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 18%; text-align: right; line-height: 115%">92,271</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 26%; text-align: right; line-height: 115%">180,582</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Wine in process</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">858,276</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">826,851</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Finished wine</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">117,401</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">104,159</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Other</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">66,377</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">72,676</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,134,325</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,184,268</td> <td style="line-height: 115%"> </td></tr> </table>

0001559998 AWLD Accrued interest is included as a component of accrued expenses on the consolidated balance sheets.

EX-101.SCH 6 awld-20160630.xsd XBRL SCHEMA FILE 00000001 - Document - Document And Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Consolidated Statements of Comprehensive Loss (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000007 - Statement - Condensed Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000008 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Organization link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Going Concern and Management's Liquidity Plans link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Inventory link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Net Capital Requirements link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Investments and Fair Value of Financial Instruments link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Accrued Expenses link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Loans Payable link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Debt Obligations link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Benefit Contribution Plan link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Inventory (Tables) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Investments and Fair Value of Financial Instruments (Tables) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Accrued Expenses (Tables) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Debt Obligations (Tables) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Stockholders' Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Organization (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Going Concern and Management's Liquidity Plans (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Inventory - Schedule of Inventory (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Net Capital Requirements (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Investments and Fair Value of Financial Instruments (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Investments and Fair Value of Financial Instruments - Investments in and Advances to Affiliates (Details) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Investments and Fair Value of Financial Instruments - Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Investments and Fair Value of Financial Instruments - Available-for-sale Securities (Details) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Accrued Expenses - Schedule of Accrued Expenses (Details) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Loans Payable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000042 - Disclosure - Debt Obligations (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000043 - Disclosure - Debt Obligations - Schedule of Convertible Debt (Details) link:presentationLink link:calculationLink link:definitionLink 00000044 - Disclosure - Related Party Transactions (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000045 - Disclosure - Benefit Contribution Plan (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000046 - Disclosure - Stockholders' Equity (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000047 - Disclosure - Stockholders' Equity - Schedule of Fair Value Assumption of Warrants (Details) link:presentationLink link:calculationLink link:definitionLink 00000048 - Disclosure - Stockholders' Equity - Schedule of Stockholders' Equity Note, Warrants or Rights (Details) link:presentationLink link:calculationLink link:definitionLink 00000049 - Disclosure - Stockholders' Equity - Schedule of Share-based Compensation, Equity Instruments Other than Options, by Exercise Price Range (Details) link:presentationLink link:calculationLink link:definitionLink 00000050 - Disclosure - Stockholders' Equity - Schedule of Share-based Compensation, Stock Options, Activity (Details) link:presentationLink link:calculationLink link:definitionLink 00000051 - Disclosure - Stockholders' Equity - Schedule of Share-based Compensation, Shares Outstanding under Stock Option Plans, by Exercise Price Range (Details) link:presentationLink link:calculationLink link:definitionLink 00000052 - Disclosure - Commitments and Contingencies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000053 - Disclosure - Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 awld-20160630_cal.xml XBRL CALCULATION FILE EX-101.DEF 8 awld-20160630_def.xml XBRL DEFINITION FILE EX-101.LAB 9 awld-20160630_lab.xml XBRL LABEL FILE Option [Member] Option Indexed to Issuer's Equity [Axis] Warrant [Member] Equity Components [Axis] Convertible Instruments [Member] Defined Benefit Plan, Asset Categories [Axis] Fair Value, Inputs, Level 1 [Member] Fair Value, Hierarchy [Axis] Investment [Axis] Fair Value, Inputs, Level 2 [Member] Fair Value, Inputs, Level 3 [Member] 12.5% Convertible Notes [Member] Long-term Debt, Type [Axis] 8% Convertible Notes [Member] 12.5% Convertible Notes [Member] Common Stock [Member] Treasury Stock [Member] Additional Paid-in Capital [Member] Accumulated Other Comprehensive Loss [Member] Accumulated Deficit [Member] Range of Exercise Price 2.00 [Member] Exercise Price Range [Axis] Class of Stock [Axis] Range of Exercise Price 2.30 [Member] Preferred Stock [Member] Range of Exercise Price 2.50 [Member] Common Stock One [Member] Exercise Price Range 2.20 [Member] Exercise Price Range 2.48 [Member] Exercise Price Range 3.30 [Member] Exercise Price Range 3.50 [Member] Exercise Price Range 2.20 [Member] Exercise Price Range 2.48 [Member] Exercise Price Range 3.30 [Member] Exercise Price Range 3.50 [Member] Exercise Price Range 3.85 [Member] Convertible Notes 12.5 Percent [Member] Argentina [Member] Geographical [Axis] Accounting Purposes [Member] Restricted Stock [Member] Maxim Group LLC [Member] Legal Entity [Axis] Subsequent Event [Member] Subsequent Event Type [Axis] Expense Sharing Agreement [Member] Type of Arrangement and Non-arrangement Transactions [Axis] Investor Relations Consulting Agreement [Member] MZHCI LLC [Member] Related Party [Axis] Maximum [Member] Range [Axis] October 18, 2016 [Member] Report Date [Axis] Importer Agreement [Member] Importer [Member] Investors [Member] CAP Warrants [Member] Minimum [Member] Employees, Officers, Directors and Consultants [Member] Title of Individual [Axis] 2008 Equity Incentive Plan [Member] Plan Name [Axis] Option One [Member] Option Two [Member] Consultants [Member] Non-Employee Mark-To-Market Adjustments [Member] 2016 Stock Option Plan [Member] Document And Entity Information [Abstract] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Trading Symbol Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] Assets Current Assets Cash Accounts receivables, net Accounts receivables - related parties, net Advances and loans to registered representatives, net Inventory Prepaid expenses and other current assets, net Total Current Assets Property and equipment, net Prepaid foreign taxes, net Investment - related parties Deposits Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts payable Accrued expenses Deferred revenue Convertible and non-convertible debt obligations Other liabilities Total Current Liabilities Accrued expenses, non-current portion Total Liabilities Commitments and Contingencies Stockholders' Equity Series A convertible preferred stock, par value $0.01 per share; 11,000,000 shares authorized; 902,670 shares available for issuance; 0 shares issued and outstanding at June 30, 2016 and December 31, 2015 Common stock, par value $0.01 per share; 80,000,000 shares authorized; 41,481,704 and 38,879,333 shares issued and 41,477,293 and 38,874,922 shares outstanding as of June 30, 2016 and December 31, 2015 Additional paid-in capital Accumulated other comprehensive loss Accumulated deficit Treasury stock, at cost, 4,411 shares at June 30, 2016 and December 31, 2015 Total Stockholders' Equity Total Liabilities and Stockholders' Equity Preferred stock,, par value Preferred stock, shares authorized Convertible preferred stock, shares reserved for future issuance Preferred stock, shares issued Preferred stock, shares outstanding Common stock, , par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Treasury stock, shares Income Statement [Abstract] Sales Cost of sales Gross (loss) profit Operating Expenses Selling and marketing General and administrative Depreciation and amortization Total operating expenses Loss from Operations Other Expenses Interest expense, net Common stock price modification Warrant modification expense Total other expenses Net Loss Net Loss Per Share: Basic and Diluted Weighted Average Number of Common Shares Outstanding: Basic and Diluted Statement of Comprehensive Income [Abstract] Net Loss Other Comprehensive Loss Foreign currency translation adjustments Total Comprehensive Loss Statement [Table] Statement [Line Items] Balance beginning Balance beginning, shares Restricted stock issued Restricted stock issued, shares Common stock issued for cash Common stock issued for cash, shares Common stock issued for price modification Common stock issued for price modification, shares Exchange of 12.5% notes for common stock Exchange of 12.5% notes for common stock, shares Stock-based compensation: Common stock issued under 401(k) profit sharing plan Stock-based compensation: Common stock issued under 401(k) profit sharing plan, shares Options and warrants Restricted stock Net loss Other comprehensive loss Balance ending Balance ending, shares Statement of Stockholders' Equity [Abstract] Convertible notes, stated interest rate Statement of Cash Flows [Abstract] Cash Flows from Operating Activities Adjustments to reconcile net loss to net cash used in operating activities: Stock-based compensation: 401(k) expense Stock-based compensation: Options and warrants Stock-based compensation: Vesting of restricted stock Common stock price modification expense Net realized and unrealized investment losses Depreciation and amortization Provision for uncollectible assets Prepaid compensation amortization Other non-cash income, net Decrease (increase) in assets: Accounts receivable Inventory Prepaid expenses and other current assets Increase (decrease) in liabilities: Accounts payable and accrued expenses Deferred revenue Other liabilities Total Adjustments Net Cash Used in Operating Activities Cash Used in Investing Activities EX-101.PRE 10 awld-20160630_pre.xml XBRL PRESENTATION FILE XML 11 R1.htm IDEA: XBRL DOCUMENT

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2016	Aug. 15, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	Algodon Wines & Luxury Development Group, Inc.
Entity Central Index Key	0001559998
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		41,602,543
Trading Symbol	AWLD
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2016

XML 12 R2.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Cash	$ 584,218	$ 110,645
Accounts receivables, net	208,274	232,789
Accounts receivables - related parties, net	494,429	333,911
Advances and loans to registered representatives, net	339,849	189,612
Inventory	1,134,325	1,184,268
Prepaid expenses and other current assets, net	575,923	602,800
Total Current Assets	3,337,018	2,654,025
Property and equipment, net	3,952,284	4,454,969
Prepaid foreign taxes, net	291,230	360,015
Investment - related parties	87,248	127,202
Deposits	61,284	61,284
Total Assets	7,729,064	7,657,495
Current Liabilities
Accounts payable	278,122	585,095
Accrued expenses	1,701,587	1,869,808
Deferred revenue	1,443,502	1,384,317
Convertible and non-convertible debt obligations	212,500	287,500
Other liabilities	10,132	4,488
Total Current Liabilities	3,645,843	4,131,208
Accrued expenses, non-current portion	332,645	399,119
Total Liabilities	3,978,488	4,530,327
Commitments and Contingencies
Stockholders' Equity
Series A convertible preferred stock, par value $0.01 per share; 11,000,000 shares authorized; 902,670 shares available for issuance; 0 shares issued and outstanding at June 30, 2016 and December 31, 2015
Common stock, par value $0.01 per share; 80,000,000 shares authorized; 41,481,704 and 38,879,333 shares issued and 41,477,293 and 38,874,922 shares outstanding as of June 30, 2016 and December 31, 2015	414,817	388,793
Additional paid-in capital	76,356,930	69,933,147
Accumulated other comprehensive loss	(10,126,739)	(9,591,274)
Accumulated deficit	(62,880,362)	(57,589,428)
Treasury stock, at cost, 4,411 shares at June 30, 2016 and December 31, 2015	(14,070)	(14,070)
Total Stockholders' Equity	3,750,576	3,127,168
Total Liabilities and Stockholders' Equity	$ 7,729,064	$ 7,657,495

XML 13 R3.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock,, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	11,000,000	11,000,000
Convertible preferred stock, shares reserved for future issuance	902,670	902,670
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, , par value	$ 0.01	$ 0.01
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	41,481,704	41,477,293
Common stock, shares outstanding	38,879,333	38,874,922
Treasury stock, shares	4,411	4,411

XML 14 R4.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Sales	$ 339,056	$ 269,275	$ 782,460	$ 841,238
Cost of sales	(404,520)	(636,612)	(739,247)	(1,120,671)
Gross (loss) profit	(65,464)	(367,337)	43,213	(279,433)
Operating Expenses
Selling and marketing	36,674	82,235	82,878	136,854
General and administrative	2,112,605	2,199,007	4,098,134	4,180,442
Depreciation and amortization	6,086	64,935	52,073	131,668
Total operating expenses	2,155,365	2,346,177	4,233,085	4,448,964
Loss from Operations	(2,220,829)	(2,713,514)	(4,189,872)	(4,728,397)
Other Expenses
Interest expense, net	63,762	107,291	90,984	153,536
Common stock price modification	941,530		941,530
Warrant modification expense	68,548		68,548
Total other expenses	1,073,840	107,291	1,101,062	153,536
Net Loss	$ (3,294,669)	$ (2,820,805)	$ (5,290,934)	$ (4,881,933)
Net Loss Per Share:
Basic and Diluted	$ (0.08)	$ (0.08)	$ (0.13)	$ (0.13)
Weighted Average Number of Common Shares Outstanding:
Basic and Diluted	41,055,670	37,416,040	40,096,907	36,707,740

XML 15 R5.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net Loss	$ (3,294,669)	$ (2,820,805)	$ (5,290,934)	$ (4,881,933)
Other Comprehensive Loss
Foreign currency translation adjustments	(129,742)	54,846	(535,465)	(17,413)
Total Comprehensive Loss	$ (3,424,411)	$ (2,765,959)	$ (5,826,399)	$ (4,899,346)

XML 16 R6.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - 6 months ended Jun. 30, 2016 - USD ($)	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]	Total
Balance beginning at Dec. 31, 2015	$ 388,793	$ (14,070)	$ 69,933,147	$ (9,591,274)	$ (57,589,428)	$ 3,127,168
Balance beginning, shares at Dec. 31, 2015	38,879,333	4,411
Restricted stock issued	$ 3,500		(3,500)
Restricted stock issued, shares	350,000
Common stock issued for cash	$ 17,132		4,213,368			$ 4,230,500
Common stock issued for cash, shares	1,713,200					1,608,200
Common stock issued for price modification	$ 4,708		936,822			$ 941,530
Common stock issued for price modification, shares	470,771
Exchange of 12.5% notes for common stock	$ 377		75,056			75,433
Exchange of 12.5% notes for common stock, shares	37,700
Stock-based compensation: Common stock issued under 401(k) profit sharing plan	$ 307		76,443			76,750
Stock-based compensation: Common stock issued under 401(k) profit sharing plan, shares	30,700
Options and warrants			493,158			493,158
Restricted stock			563,888			563,888
Warrant modification expense			68,548			68,548
Net loss					(5,290,934)	(5,290,934)
Other comprehensive loss				(535,465)		(535,465)
Balance ending at Jun. 30, 2016	$ 414,817	$ (14,070)	$ 76,356,930	$ (10,126,739)	$ (62,880,362)	$ 3,750,576
Balance ending, shares at Jun. 30, 2016	41,481,704	4,411

XML 17 R7.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statement of Changes in Stockholders' Equity (Parenthetical)	6 Months Ended
	Jun. 30, 2016
Statement of Stockholders' Equity [Abstract]
Convertible notes, stated interest rate	12.50%

XML 18 R8.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash Flows from Operating Activities
Net loss	$ (5,290,934)	$ (4,881,933)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation: 401(k) expense	42,506	65,735
Stock-based compensation: Options and warrants	493,158	605,823
Stock-based compensation: Vesting of restricted stock	563,888
Common stock price modification expense	941,530
Warrant modification expense	68,548
Net realized and unrealized investment losses	47,489	133,759
Depreciation and amortization	52,073	131,668
Provision for uncollectible assets	(42,604)	46,109
Prepaid compensation amortization	1,500	4,833
Other non-cash income, net	(7,535)
Decrease (increase) in assets:
Accounts receivable	(172,820)	(149,174)
Inventory	(63,353)	124,937
Prepaid expenses and other current assets	(127,321)	(287,211)
Increase (decrease) in liabilities:
Accounts payable and accrued expenses	(317,128)	(819,000)
Deferred revenue	233,882	173,877
Other liabilities	(13,056)	498,904
Total Adjustments	1,700,757	530,260
Net Cash Used in Operating Activities	(3,590,177)	(4,351,673)
Cash Used in Investing Activities
Purchase of property and equipment	(207,586)	(143,857)
Net Cash Used in Investing Activities	(207,586)	(143,857)
Cash Provided by Financing Activities
Proceeds from loans payable	34,701
Repayments of loans payable	(35,128)	(100,000)
Repayments of convertible debt obligations	(25,000)	(50,000)
Proceeds from common stock offering	4,230,500	5,498,484
Net Cash Provided by Financing Activities	4,205,073	5,348,484
Effect of Exchange Rate Changes on Cash	66,263	434,026
Net Increase in Cash	473,573	1,286,980
Cash - Beginning of Period	110,645	442,725
Cash - End of Period	584,218	1,729,705
Supplemental Disclosures of Cash Flow Information:
Interest paid	51,994	121,384
Income taxes paid	63	16,601
Non-Cash Investing and Financing Activity
Accrued stock based compensation converted to equity	76,750	73,401
Debt and interest converted to equity	$ 75,433

XML 19 R9.htm IDEA: XBRL DOCUMENT

Organization

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization

1. ORGANIZATION

XML 20 R10.htm IDEA: XBRL DOCUMENT

Going Concern and Management's Liquidity Plans

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern and Management's Liquidity Plans

2. GOING CONCERN AND MANAGEMENT’S LIQUIDITY PLANS

XML 21 R11.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Use of Estimates

Segment Information

Reclassifications

Foreign Currency Translation

Property and Equipment

Stock-Based Compensation

Concentrations

Comprehensive Income (Loss)

Revenue Recognition

Net Loss per Common Share

The following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

	2016		2015
Options		8,820,686		8,956,311
Warrants		1,689,362		1,274,313
Convertible instruments		-		277,155
Restricted shares of common stock		116,667		-
Total potentially dilutive shares		10,626,715		10,507,779

New Accounting Pronouncements

XML 22 R12.htm IDEA: XBRL DOCUMENT

Inventory

6 Months Ended

Jun. 30, 2016

Inventory Disclosure [Abstract]

Inventory

4. INVENTORY

Inventory at June 30, 2016 and December 31, 2015 is comprised of the following:

	June 30, 2016		December 31, 2015
Vineyard in process	$	92,271	$	180,582
Wine in process		858,276		826,851
Finished wine		117,401		104,159
Other		66,377		72,676
	$	1,134,325	$	1,184,268

XML 23 R13.htm IDEA: XBRL DOCUMENT

Net Capital Requirements

6 Months Ended

Jun. 30, 2016

Regulatory Capital Requirements [Abstract]

Net Capital Requirements

5. NET CAPITAL REQUIREMENTS

As of June 30, 2016 and December 31, 2015, CAP’s net capital exceeded the requirement by $67,139 and $32,078, respectively.

The Company had a percentage of aggregate indebtedness to net capital of approximately 41.0 % and 95.8% as of June 30, 2016 and December 31, 2015, respectively.

XML 24 R14.htm IDEA: XBRL DOCUMENT

Investments and Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Investments and Fair Value of Financial Instruments

6. INVESTMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows:

Investments – Related Parties at Fair Value

As of June 30, 2016	Level 1		Level 2		Level 3		Total
Warrants- Affiliates	$	-	$	-	$	87,248	$	87,248

As of December 31, 2015			Level 1				Level 2				Level 3				Total
Warrants- Affiliates		$	-			$	-			$	127,202			$	127,202

A reconciliation of Level 3 assets is as follows:

	Warrants

Balance - December 31, 2015	$	127,202
Received		25,119
Allocated to employees as compensation		(17,584	)
Unrealized loss		(47,489	)
Balance - June 30, 2016	$	87,248

	June 30, 2016			December 31, 2015
Accumulated unrealized (losses) gains related to investments at fair value	$	(66,171	)	$	(33,058	)

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

XML 25 R15.htm IDEA: XBRL DOCUMENT

Accrued Expenses

6 Months Ended

Jun. 30, 2016

Accrued Liabilities [Abstract]

Accrued Expenses

7. ACCRUED EXPENSES

Accrued expenses are comprised of the following:

	June 30, 2016		December 31, 2015

Accrued compensation and payroll taxes	$	1,143,219	$	1,400,498
Accrued taxes payable		120,679		97,428
Accrued interest		249,555		255,497
Other accrued expenses		188,134		116,385
Accrued expenses, current		1,701,587		1,869,808
Accrued payroll tax obligations, non-current		332,645		399,119
Total accrued expenses	$	2,034,232	$	2,268,926

XML 26 R16.htm IDEA: XBRL DOCUMENT

Loans Payable

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Loans Payable

8. LOANS PAYABLE

All principal and interest due under the loan payable was repaid in full on May 6, 2016.

XML 27 R17.htm IDEA: XBRL DOCUMENT

Debt Obligations

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Debt Obligations

9. DEBT OBLIGATIONS

For the three and six months ended June 30, 2016, the Company repaid $0 and $25,000, respectively, of principal related to the 8% Notes.

The Company’s debt obligations consist of the following:

	June 30, 2016						December 31, 2015
	Principal		Interest [1]		Total		Principal		Interest [1]		Total

8% Convertible Notes	$	212,500	$	237,047	$	449,547	$	237,500	$	220,884	$	458,384
12.5% Convertible Notes		-		-		-		50,000		34,613		84,613
Total	$	212,500	$	237,047	$	449,547	$	287,500	$	255,497	$	542,997

^[1]Accrued interest is included as a component of accrued expenses on the condensed consolidated balance sheets.

XML 28 R18.htm IDEA: XBRL DOCUMENT

Related Party Transactions

6 Months Ended

Jun. 30, 2016

Related Party Transactions

10. RELATED PARTY TRANSACTIONS

Assets

Investments

See Note 6 – Investments and Fair Value of Financial Instruments, for information related to investments in related parties.

Revenues

Expense Sharing

XML 29 R19.htm IDEA: XBRL DOCUMENT

Benefit Contribution Plan

6 Months Ended

Jun. 30, 2016

Compensation and Retirement Disclosure [Abstract]

Benefit Contribution Plan

11. BENEFIT CONTRIBUTION PLAN

XML 30 R20.htm IDEA: XBRL DOCUMENT

Stockholders' Equity

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Stockholders' Equity

12. STOCKHOLDERS’ EQUITY

Common Stock

Restricted Stock Awards

Application for Quotation on OTC Bulletin Board

Accumulated Other Comprehensive Loss

Warrants

In applying the Black-Scholes option price model to value the warrants, the Company used the following weighted average assumptions:

	For the three months ended June 30,					For the six months ended June 30,
		2016		2015			2016		2015
Risk free interest rate		1.12	%	1.63	%		1.16	%	1.57	%
Expected term (years)		5.00		5.00			5.00		6.00
Expected volatility		46	%	47	%		46	%	47	%
Expected dividends		0.0	%	0.0	%		0.0	%	0.0	%
Forfeiture rate		3	%	5	%		4	%	5	%

A summary of warrant activity during the six months ended June 30, 2016 is presented below:

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Life in Years		Intrinsic Value

Outstanding, December 31, 2015		1,382,186	$	2.10
Issued		307,176		2.00
Exercised		-		-
Cancelled		-		-
Outstanding, June 30, 2016		1,689,362	$	2.20		3.04	$	-

Exercisable, June 30, 2016		1,614,362	$	2.18		2.96	$	-

A summary of outstanding and exercisable warrants as of June 30, 2016 is presented below:

Warrants Outstanding					Warrants Exercisable
Exercise Price		Exercisable Info	Outstanding Number of Warrants		Weighted Average Remaining Life In Years		Exercisable Number of\| Warrants
$	2.00	Common Stock		640,818		4.3		640,818
$	2.50	Common Stock		75,000		4.8		-
$	2.30	Preferred Stock		973,544		2.1		973,544
		Total		1,689,362				1,614,362

Modification of Warrants

Stock Options

There were no stock options granted during the three and six months ended June 30. 2016.

A summary of options activity during the six months ended June 30, 2016 is presented below:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Life In Years		Intrinsic Value
Outstanding, December 31, 2015		8,939,436		$	2.70
Granted		-			-
Exercised		-			-
Expired		(75,000	)		3.85
Forfeited		(43,750	)		2.32
Outstanding, June 30, 2016		8,820,686		$	2.69		2.4	$	-

Exercisable, June 30, 2016		6,116,281		$	2.88		1.8	$	-

The following table presents information related to stock options at June 30, 2016:

Options Outstanding				Options Exercisable
				Weighted
		Outstanding		Average		Exercisable
Exercise		Number of		Remaining Life		Number of
	Price		Options		In Years		Options
$	2.20		2,166,890		3.9		541,723
	2.48		4,847,375		2.4		3,775,637
	3.30		10,000		3.9		2,500
	3.50		25,000		2.0		25,000
	3.85		1,771,421		0.0		1,771,421
			8,820,686		1.8		6,116,281

XML 31 R21.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

13. COMMITMENTS AND CONTINGENCIES

Legal Matters

Consulting Agreements

Importer Agreement

XML 32 R22.htm IDEA: XBRL DOCUMENT

Subsequent Events

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

Subsequent Events

14. SUBSEQUENT EVENTS

Foreign Currency Exchange Rates

The Argentine peso to United States dollar exchange rate was 14.8466, 14.9690 and 12.9441 at August 11, 2016, June 30, 2016 and December 31, 2015, respectively.

Equity Compensation Plan

On July 19, 2016, options for the purchase of an aggregate 400,000 shares of the Company’s common stock were granted to two members of the Company’s Board of Directors, under the 2016 Plan.

Equity Transactions

During the period from July 22, 2016 through the filing date of this report, the Company sold 125,250 shares of its common stock at a price of $2.00 per share for cash proceeds of $250,500.

XML 33 R23.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

Use of Estimates

Use of Estimates

Segment Information

Segment Information

Reclassifications

Reclassifications

Foreign Currency Translation

Foreign Currency Translation

Property and Equipment

Property and Equipment

Stock-Based Compensation

Stock-Based Compensation

Concentrations

Concentrations

Comprehensive Income (Loss)

Comprehensive Income (Loss)

Revenue Recognition

Revenue Recognition

Net Loss per Common Share

Net Loss per Common Share

The following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

	2016		2015
Options		8,820,686		8,956,311
Warrants		1,689,362		1,274,313
Convertible instruments		-		277,155
Restricted shares of common stock		116,667		-
Total potentially dilutive shares		10,626,715		10,507,779

New Accounting Pronouncements

New Accounting Pronouncements

XML 34 R24.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

	2016		2015
Options		8,820,686		8,956,311
Warrants		1,689,362		1,274,313
Convertible instruments		-		277,155
Restricted shares of common stock		116,667		-
Total potentially dilutive shares		10,626,715		10,507,779

XML 35 R25.htm IDEA: XBRL DOCUMENT

Inventory (Tables)

6 Months Ended

Jun. 30, 2016

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventory at June 30, 2016 and December 31, 2015 is comprised of the following:

	June 30, 2016		December 31, 2015
Vineyard in process	$	92,271	$	180,582
Wine in process		858,276		826,851
Finished wine		117,401		104,159
Other		66,377		72,676
	$	1,134,325	$	1,184,268

XML 36 R26.htm IDEA: XBRL DOCUMENT

Investments and Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Investments in and Advances to Affiliates

Investments – Related Parties at Fair Value

As of June 30, 2016	Level 1		Level 2		Level 3		Total
Warrants- Affiliates	$	-	$	-	$	87,248	$	87,248

As of December 31, 2015			Level 1				Level 2				Level 3				Total
Warrants- Affiliates		$	-			$	-			$	127,202			$	127,202

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

A reconciliation of Level 3 assets is as follows:

	Warrants

Balance - December 31, 2015	$	127,202
Received		25,119
Allocated to employees as compensation		(17,584	)
Unrealized loss		(47,489	)
Balance - June 30, 2016	$	87,248

Available-for-sale Securities

		June 30, 2016				December 31, 2015
Accumulated unrealized (losses) gains related to investments at fair value		$	(66,171	)		$	(33,058	)

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

XML 37 R27.htm IDEA: XBRL DOCUMENT

Accrued Expenses (Tables)

6 Months Ended

Jun. 30, 2016

Accrued Liabilities [Abstract]

Schedule of Accrued Expenses

Accrued expenses are comprised of the following:

	June 30, 2016		December 31, 2015

Accrued compensation and payroll taxes	$	1,143,219	$	1,400,498
Accrued taxes payable		120,679		97,428
Accrued interest		249,555		255,497
Other accrued expenses		188,134		116,385
Accrued expenses, current		1,701,587		1,869,808
Accrued payroll tax obligations, non-current		332,645		399,119
Total accrued expenses	$	2,034,232	$	2,268,926

XML 38 R28.htm IDEA: XBRL DOCUMENT

Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Schedule of Convertible Debt

The Company’s debt obligations consist of the following:

	June 30, 2016						December 31, 2015
	Principal		Interest [1]		Total		Principal		Interest [1]		Total

8% Convertible Notes	$	212,500	$	237,047	$	449,547	$	237,500	$	220,884	$	458,384
12.5% Convertible Notes		-		-		-		50,000		34,613		84,613
Total	$	212,500	$	237,047	$	449,547	$	287,500	$	255,497	$	542,997

^[1]Accrued interest is included as a component of accrued expenses on the condensed consolidated balance sheets.

XML 39 R29.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Schedule of Fair Value Assumption of Warrants

In applying the Black-Scholes option price model to value the warrants, the Company used the following weighted average assumptions:

	For the three months ended June 30,					For the six months ended June 30,
		2016		2015			2016		2015
Risk free interest rate		1.12	%	1.63	%		1.16	%	1.57	%
Expected term (years)		5.00		5.00			5.00		6.00
Expected volatility		46	%	47	%		46	%	47	%
Expected dividends		0.0	%	0.0	%		0.0	%	0.0	%
Forfeiture rate		3	%	5	%		4	%	5	%

Schedule of Stockholders' Equity Note, Warrants or Rights

A summary of warrant activity during the six months ended June 30, 2016 is presented below:

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Life in Years		Intrinsic Value

Outstanding, December 31, 2015		1,382,186	$	2.10
Issued		307,176		2.00
Exercised		-		-
Cancelled		-		-
Outstanding, June 30, 2016		1,689,362	$	2.20		3.04	$	-

Exercisable, June 30, 2016		1,614,362	$	2.18		2.96	$	-

Schedule of Share-based Compensation, Equity Instruments Other than Options, by Exercise Price Range

A summary of outstanding and exercisable warrants as of June 30, 2016 is presented below:

Warrants Outstanding					Warrants Exercisable
Exercise Price		Exercisable Info	Outstanding Number of Warrants		Weighted Average Remaining Life In Years		Exercisable Number of\| Warrants
$	2.00	Common Stock		640,818		4.3		640,818
$	2.50	Common Stock		75,000		4.8		-
$	2.30	Preferred Stock		973,544		2.1		973,544
		Total		1,689,362				1,614,362

Schedule of Share-based Compensation, Stock Options, Activity

A summary of options activity during the six months ended June 30, 2016 is presented below:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Life In Years		Intrinsic Value
Outstanding, December 31, 2015		8,939,436		$	2.70
Granted		-			-
Exercised		-			-
Expired		(75,000	)		3.85
Forfeited		(43,750	)		2.32
Outstanding, June 30, 2016		8,820,686		$	2.69		2.4	$	-

Exercisable, June 30, 2016		6,116,281		$	2.88		1.8	$	-

Schedule of Share-based Compensation, Shares Outstanding under Stock Option Plans, by Exercise Price Range

The following table presents information related to stock options at June 30, 2016:

Options Outstanding				Options Exercisable
				Weighted
		Outstanding		Average		Exercisable
Exercise		Number of		Remaining Life		Number of
	Price		Options		In Years		Options
$	2.20		2,166,890		3.9		541,723
	2.48		4,847,375		2.4		3,775,637
	3.30		10,000		3.9		2,500
	3.50		25,000		2.0		25,000
	3.85		1,771,421		0.0		1,771,421
			8,820,686		1.8		6,116,281

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details

XML 40 R30.htm IDEA: XBRL DOCUMENT

Organization (Details Narrative)	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Noncontrolling interest, ownership percentage by parent	96.50%

XML 41 R31.htm IDEA: XBRL DOCUMENT

Going Concern and Management's Liquidity Plans (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net Loss	$ 3,294,669	$ 2,820,805	$ 5,290,934	$ 4,881,933
Accumulated deficit	$ 62,880,362		62,880,362		$ 57,589,428
Net cash used in operating activities			3,590,177	4,351,673
Proceeds from issuance of common stock			$ 4,230,500	$ 5,498,484

XML 42 R32.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies (Details Narrative)	6 Months Ended
	Jun. 30, 2016 USD ($)	Jun. 30, 2015	Dec. 31, 2015 USD ($)
Property, Plant and Equipment [Line Items]
Foreign currency exchange rate, translation, assets and liabilities	14.9690		12.9441
Foreign currency exchange rate, revenues and expenses	14.3128	8.8166
Cash, FDIC insured amount	$ 250,000
Cash, uninsured amount	$ 265,069		$ 45,055
Accounting Purposes [Member]
Property, Plant and Equipment [Line Items]
Cumulative Inflationary Rate	100.00%
Inflation period	3 years
Argentina [Member]
Property, Plant and Equipment [Line Items]
Cumulative Inflationary Rate	61.40%
Inflation period	3 years

XML 43 R33.htm IDEA: XBRL DOCUMENT

Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	10,626,715	10,507,779
Convertible Instruments [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount		277,155
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	116,667
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	1,689,362	1,274,313
Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	8,820,686	8,956,311

XML 44 R34.htm IDEA: XBRL DOCUMENT

Inventory - Schedule of Inventory (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Vineyard in Process	$ 92,271	$ 180,582
Wine in Process	858,276	826,851
Finished Wine	117,401	104,159
Other	66,377	72,676
Total	$ 1,134,325	$ 1,184,268

XML 45 R35.htm IDEA: XBRL DOCUMENT

Net Capital Requirements (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
Net Capital Requirements (Details Narrative) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Regulatory Capital Requirements [Abstract]
Minimum net capital required for broker-dealer subsidiary	$ 5,000
Ratio of aggregate indebtedness to net capital	15 to 1
Excess net capital	$ 67,139		$ 32,078
Percentage of aggregate indebtedness to net capital		41.00%	95.80%

XML 46 R36.htm IDEA: XBRL DOCUMENT

Investments and Fair Value of Financial Instruments (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Investments in and Advances to Affiliates [Line Items]
Unrealized losses on affiliate warrants			$ 47,489	$ 133,759
Warrant [Member]
Investments in and Advances to Affiliates [Line Items]
Allocated share-based compensation expense	$ 3,015		17,584
Unrealized losses on affiliate warrants	$ 23,391	$ 133,759	$ 47,489	$ 117,443

- Definition

This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments.

+ References + Details

XML 47 R37.htm IDEA: XBRL DOCUMENT

Investments and Fair Value of Financial Instruments - Investments in and Advances to Affiliates (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Investments in and Advances to Affiliates [Line Items]
Warrants - Affiliates	$ 87,248	$ 127,202
Fair Value, Inputs, Level 1 [Member] \| Warrant [Member]
Investments in and Advances to Affiliates [Line Items]
Warrants - Affiliates
Fair Value, Inputs, Level 2 [Member] \| Warrant [Member]
Investments in and Advances to Affiliates [Line Items]
Warrants - Affiliates
Fair Value, Inputs, Level 3 [Member] \| Warrant [Member]
Investments in and Advances to Affiliates [Line Items]
Warrants - Affiliates	$ 87,248	$ 127,202

XML 48 R38.htm IDEA: XBRL DOCUMENT

Investments and Fair Value of Financial Instruments - Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - Warrant [Member]	6 Months Ended
	Jun. 30, 2016 USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance beginning	$ 127,202
Received	25,119
Allocated to employees as compensation	(17,584)
Unrealized loss	(47,489)
Balance ending	$ 87,248

XML 49 R39.htm IDEA: XBRL DOCUMENT

Investments and Fair Value of Financial Instruments - Available-for-sale Securities (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Accumulated unrealized (losses) gains related to investments at fair value	$ (66,171)	$ (33,058)

XML 50 R40.htm IDEA: XBRL DOCUMENT

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Accrued Liabilities [Abstract]
Accrued compensation and payroll taxes	$ 1,143,219	$ 1,400,498
Accrued taxes payable	120,679	97,428
Accrued interest	249,555	255,497
Other accrued expenses	188,134	116,385
Accrued expenses, current	1,701,587	1,869,808
Accrued payroll tax obligations, non-current	332,645	399,119
Total accrued expenses	$ 2,034,232	$ 2,268,926

XML 51 R41.htm IDEA: XBRL DOCUMENT

Loans Payable (Details Narrative)	Mar. 06, 2016 USD ($)
Debt Disclosure [Abstract]
Notes payable, current	$ 34,701
Debt instrument interest rate	10.00%
Debt maturity date	May 06, 2016

XML 52 R42.htm IDEA: XBRL DOCUMENT

Debt Obligations (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended
Debt Obligations (Details Narrative) - USD ($)	Jan. 02, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Mar. 22, 2016	Mar. 06, 2016
Convertible Debt Obligations [Line Items]
Debt instrument interest rate							10.00%
Convertible Notes 12.5 Percent [Member]
Convertible Debt Obligations [Line Items]
Debt principal	$ 50,000
Debt interest	$ 25,433
Debt instrument interest rate	12.50%
Debt conversion converted instrument shares issued	37,700
Debt conversion converted instrument shares issued per shares	$ 2.00
Debt instrument accrued interest	$ 9,180
8% Convertible Notes [Member]
Convertible Debt Obligations [Line Items]
Debt instrument interest rate						8.00%
Debt instrument accrued interest		$ 8,295	$ 9,919	$ 16,163	$ 21,373
Repayments of notes payable, principal amount		$ 0		$ 25,000

XML 53 R43.htm IDEA: XBRL DOCUMENT

Debt Obligations - Schedule of Convertible Debt (Details) - USD ($)

Jun. 30, 2016

Dec. 31, 2015

Convertible Debt Obligations [Line Items]

Principal

$ 212,500

$ 287,500

Interest

^[1]

237,047

255,497

Total

449,547

542,997

8% Convertible Notes [Member]

Convertible Debt Obligations [Line Items]

Principal

212,500

237,500

Interest

^[1]

237,047

220,884

Total

449,547

458,384

12.5% Convertible Notes [Member]

Convertible Debt Obligations [Line Items]

Principal

Interest

^[1]

Total

12.5% Convertible Notes [Member]

Convertible Debt Obligations [Line Items]

Principal

50,000

Interest

^[1]

34,613

Total

$ 84,613

[1]	Accrued interest is included as a component of accrued expenses on the consolidated balance sheets.

XML 54 R44.htm IDEA: XBRL DOCUMENT

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Accounts receivable related parties	$ 494,429		$ 494,429		$ 333,911
Due from related parties	238,748		238,748		182,227
Private equity and venture capital fees	15,986		89,855
Cash fees	14,399		67,456
General and administrative expense, reduced	29,195	$ 39,010	68,391	$ 84,937
General and administrative expense	3,990	$ 3,990	$ 7,980	$ 7,980
Related party transaction description of transaction			The owners of more than 5% of that entity include (i) AWLD’s chairman, and (ii) a more than 5% owner of AWLD.
Allowance for doubtful accounts receivable, write-offs	383,952		$ 383,952		380,472
Expense Sharing Agreement [Member]
Related Party Transaction [Line Items]
Accounts receivable related parties	227,796		227,796		177,755
Allowance for doubtful accounts receivable, write-offs	373,000		373,000		$ 376,000
Warrant [Member]
Related Party Transaction [Line Items]
Cash fees	$ 1,587		$ 22,399

XML 55 R45.htm IDEA: XBRL DOCUMENT

Benefit Contribution Plan (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
Benefit Contribution Plan (Details Narrative) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Defined contribution plan cost recognized	$ 25,890	$ 30,799	$ 42,506	$ 65,735
Common stock shares issued			30,700
Share price	$ 2.50		$ 2.50

XML 56 R46.htm IDEA: XBRL DOCUMENT

Stockholders' Equity (Details Narrative) - USD ($)						3 Months Ended		6 Months Ended
Stockholders' Equity (Details Narrative) - USD ($)	Jun. 01, 2016	Apr. 18, 2016	Apr. 08, 2016	Jan. 11, 2016	Jun. 15, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	May 31, 2016	Jun. 30, 2015
Stock issued during period, shares, new issues								1,608,200
Shares issued, price per share						$ 2.50		$ 2.50
Proceeds from issuance of common stock								$ 4,230,500		$ 5,498,484
Number of common stock shares reduced during the period								105,000
Reduction of price per share						$ 2.00		$ 2.00
Share based compensation arrangement by share based payment award fair value assumptions forfeiture rate								5.00%
Other comprehensive loss, foreign currency transaction and translation adjustment, net of tax, portion attributable to parent						$ (129,742)	$ 54,846	$ (535,465)		(17,413)
Warrant modification expense						68,548		68,548
Option [Member]
Allocated Share-based Compensation Expense						127,449	218,690	$ 277,436		451,426
Grant date fair value							1,519,613			1,519,613
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition								2 years 8 months 12 days
Option [Member] \| Employees, Officers, Directors and Consultants [Member] \| 2008 Equity Incentive Plan [Member]
Option to purchase of common stock					$ 2,211,890
Option term					5 years
Option vested term					4 years
Option [Member] \| Non-Employee Mark-To-Market Adjustments [Member]
Grant date fair value							216,613			216,613
Option One [Member]
Option to purchase of common stock					$ 2,201,890
Option exercise price per share					$ 2.20
Grant date fair value					$ 1,409,900
Option Two [Member]
Option to purchase of common stock					$ 10,000
Option exercise price per share					$ 3.30
Grant date fair value					$ 1,251,384
Maxim Group LLC [Member] \| Restricted Stock [Member]
Stock issued during period, shares, new issues				350,000
Proceeds from issuance of common stock				$ 875,000
Share based compensation arrangement by share based payment award fair value assumptions forfeiture rate				11.11%
Allocated Share-based Compensation Expense						272,221		$ 563,888
Investors [Member]
Stock issued during period, shares, new issues	470,765
Shares issued, price per share	$ 2.50
Proceeds from issuance of common stock						941,530		941,530
Reduction of price per share	$ 2.00
MZHCI LLC [Member] \| Investor Relations Consulting Agreement [Member]
Allocated Share-based Compensation Expense						58,197		$ 58,197
Warrants term			5 years
Warrants issued to purchase of common stock shares		75,000
Warrants exercise price			$ 2.50
Warrants value		$ 100,501
MZHCI LLC [Member] \| Investor Relations Consulting Agreement [Member] \| Maximum [Member]
Warrants issued to purchase of common stock shares			150,000
MZHCI LLC [Member] \| Investor Relations Consulting Agreement [Member] \| October 18, 2016 [Member]
Warrants issued to purchase of common stock shares								75,000
CAP Warrants [Member]
Reduction of price per share									$ 2.00
Allocated Share-based Compensation Expense						$ 73,420	$ 117,005	$ 157,525		$ 154,397
Warrants issued to purchase of common stock shares						86,722	161,944	185,100	47,076	214,944
Warrants exercise price						$ 2.00	$ 2.00	$ 2.00	$ 2.50	$ 2.00
Common stock exercise price per share						$ 1.00	$ 0.85	$ 1.01		$ 0.85
Warrant modification expense									$ 68,548
CAP Warrants [Member] \| Minimum [Member]
Warrants issued to purchase of common stock shares									198,807
Warrants exercise price									$ 2.50
CAP Warrants [Member] \| Maximum [Member]
Warrants issued to purchase of common stock shares									245,883
Warrants exercise price									$ 2.00
Consultants [Member] \| Option [Member]
Grant date fair value					$ 158,516

XML 57 R47.htm IDEA: XBRL DOCUMENT

Stockholders' Equity - Schedule of Fair Value Assumption of Warrants (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Equity [Abstract]
Risk free interest rate	1.12%	1.63%	1.16%	1.57%
Expected term (years)	5 years	5 years	5 years	6 years
Expected volatility	46.00%	47.00%	46.00%	47.00%
Expected dividends	0.00%	0.00%	0.00%	0.00%
Forfeiture rate	3.00%	5.00%	4.00%	5.00%

XML 58 R48.htm IDEA: XBRL DOCUMENT

Stockholders' Equity - Schedule of Stockholders' Equity Note, Warrants or Rights (Details) - Warrant [Member]	6 Months Ended
	Jun. 30, 2016 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Warrants, Outstanding, Beginning \| shares	1,382,186
Number of Warrants, Issued \| shares	307,176
Number of Warrants, Exercised \| shares
Number of Warrants, Cancelled \| shares
Number of Warrants, Outstanding, Ending \| shares	1,689,362
Number of Warrants, Exercisable \| shares	1,614,362
Weighted Average Exercise Price, Outstanding, Beginning \| $ / shares	$ 2.10
Weighted Average Exercise Price, Issued \| $ / shares	2.00
Weighted Average Exercise Price, Exercised \| $ / shares
Weighted Average Exercise Price, Cancelled \| $ / shares
Weighted Average Exercise Price, Outstanding, Ending \| $ / shares	2.20
Weighted Average Exercise Price, Exercisable \| $ / shares	$ 2.18
Weighted Average Remaining Life In Years, Outstanding	3 years 15 days
Weighted Average Remaining Life In Years, Exercisable	2 years 11 months 16 days
Intrinsic Value, Outstanding, Ending \| $
Intrinsic Value, Exercisable, Ending \| $

XML 59 R49.htm IDEA: XBRL DOCUMENT

Stockholders' Equity - Schedule of Share-based Compensation, Equity Instruments Other than Options, by Exercise Price Range (Details) - $ / shares	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants Outstanding, Exercise Price	$ 2.20	$ 2.10
Warrants Outstanding, Number of Warrants	1,689,362	1,382,186
Warrants Exercisable, Weighted Average Remaining Life In Years	3 years 15 days
Warrants Exercisable, Number of Warrants	1,614,362
Range of Exercise Price 2.00 [Member] \| Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants Outstanding, Exercise Price	$ 2.00
Warrants Outstanding, Number of Warrants	640,818
Warrants Exercisable, Weighted Average Remaining Life In Years	4 years 3 months 18 days
Warrants Exercisable, Number of Warrants	640,818
Range of Exercise Price 2.50 [Member] \| Common Stock One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants Outstanding, Exercise Price	$ 2.50
Warrants Outstanding, Number of Warrants	75,000
Warrants Exercisable, Weighted Average Remaining Life In Years	4 years 9 months 18 days
Warrants Exercisable, Number of Warrants
Range of Exercise Price 2.30 [Member] \| Preferred Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants Outstanding, Exercise Price	$ 2.30
Warrants Outstanding, Number of Warrants	973,544
Warrants Exercisable, Weighted Average Remaining Life In Years	2 years 1 month 6 days
Warrants Exercisable, Number of Warrants	973,544

XML 60 R50.htm IDEA: XBRL DOCUMENT

Stockholders' Equity - Schedule of Share-based Compensation, Stock Options, Activity (Details) - Option [Member]	6 Months Ended
	Jun. 30, 2016 USD ($) $ / shares shares
Number of Options, Outstanding, Begining \| shares	8,939,436
Number of Options, Granted \| shares
Number of Options, Exercised \| shares
Number of Options, Expired \| shares	(75,000)
Number of Options, Forfeited \| shares	(43,750)
Number of Options, Outstanding, Ending \| shares	8,820,686
Number of Options, Exercisable, Ending \| shares	6,116,281
Weighted Average Exercise Price, Outstanding, Begining \| $ / shares	$ 2.70
Weighted Average Exercise Price, Granted \| $ / shares
Weighted Average Exercise Price, Exercised \| $ / shares
Weighted Average Exercise Price, Expired \| $ / shares	3.85
Weighted Average Exercise Price, Forfeited \| $ / shares	2.32
Weighted Average Exercise Price, Outstanding, Ending \| $ / shares	2.69
Weighted Average Exercise Price, Exercisable, Ending \| $ / shares	$ 2.88
Weighted Average Remaining Life In Years, Outstanding	2 years 4 months 24 days
Weighted Average Remaining Life In Years, Exercisable	1 year 9 months 18 days
Intrinsic Value, Outstanding \| $
Intrinsic Value, Exercisable \| $

XML 61 R51.htm IDEA: XBRL DOCUMENT

Stockholders' Equity - Schedule of Share-based Compensation, Shares Outstanding under Stock Option Plans, by Exercise Price Range (Details)	6 Months Ended
	Jun. 30, 2016 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Outstanding Number of Options	8,820,686
Options Exercisable, Weighted Exercise Average Remaining Life In Years	1 year 9 months 18 days
Options Exercisable, Exercisable Number of Options	6,116,281
Exercise Price Range 2.20 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Weighted Exercise Average Price \| $ / shares	$ 2.20
Options Outstanding, Outstanding Number of Options	2,166,890
Options Exercisable, Exercisable Number of Options	541,723
Exercise Price Range 2.48 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Weighted Exercise Average Price \| $ / shares	$ 2.48
Options Outstanding, Outstanding Number of Options	4,847,375
Options Exercisable, Exercisable Number of Options	3,775,637
Exercise Price Range 3.30 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Weighted Exercise Average Price \| $ / shares	$ 3.30
Options Outstanding, Outstanding Number of Options	10,000
Options Exercisable, Exercisable Number of Options	2,500
Exercise Price Range 3.50 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Weighted Exercise Average Price \| $ / shares	$ 3.50
Options Outstanding, Outstanding Number of Options	25,000
Options Exercisable, Exercisable Number of Options	25,000
Exercise Price Range 3.85 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Weighted Exercise Average Price \| $ / shares	$ 3.85
Options Outstanding, Outstanding Number of Options	1,771,421
Options Exercisable, Weighted Exercise Average Remaining Life In Years	0 years
Options Exercisable, Exercisable Number of Options	1,771,421
Exercise Price Range 2.20 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Exercisable, Weighted Exercise Average Remaining Life In Years	3 years 10 months 24 days
Exercise Price Range 2.48 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Exercisable, Weighted Exercise Average Remaining Life In Years	2 years 4 months 24 days
Exercise Price Range 3.30 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Exercisable, Weighted Exercise Average Remaining Life In Years	3 years 10 months 24 days
Exercise Price Range 3.50 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Exercisable, Weighted Exercise Average Remaining Life In Years	2 years

XML 62 R52.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Details Narrative) - USD ($)					6 Months Ended
	Jun. 01, 2016	Apr. 18, 2016	Apr. 08, 2016	Jan. 11, 2016	Jun. 30, 2016
Commitments And Contingencies [Line Items]
Stock issued during period, shares, new issues					1,608,200
Shares issued, price per share					$ 2.50
Share based compensation arrangement by share based payment award fair value assumptions forfeiture rate					5.00%
Investor Relations Consulting Agreement [Member] \| MZHCI LLC [Member]
Commitments And Contingencies [Line Items]
Consulting fee			$ 6,500
Warrants term			5 years
Warrants issued to purchase of common stock shares		75,000
Warrants exercise price			$ 2.50
Investor Relations Consulting Agreement [Member] \| MZHCI LLC [Member] \| October 18, 2016 [Member]
Commitments And Contingencies [Line Items]
Warrants issued to purchase of common stock shares					75,000
Investor Relations Consulting Agreement [Member] \| MZHCI LLC [Member] \| Maximum [Member]
Commitments And Contingencies [Line Items]
Warrants issued to purchase of common stock shares			150,000
Importer Agreement [Member] \| Importer [Member]
Commitments And Contingencies [Line Items]
Importer agreement termination date	Dec. 31, 2020
Maxim Group LLC [Member] \| Restricted Stock [Member]
Commitments And Contingencies [Line Items]
Consulting fee				$ 7,500
Stock issued during period, shares, new issues				350,000
Share based compensation arrangement by share based payment award fair value assumptions forfeiture rate				11.11%
Additional number of shares issued				100,000

XML 63 R53.htm IDEA: XBRL DOCUMENT

Subsequent Events (Details Narrative)			6 Months Ended
Subsequent Events (Details Narrative)	Jul. 22, 2016 USD ($) $ / shares shares	Jul. 19, 2016 USD ($)	Jun. 30, 2016 USD ($) $ / shares shares	Jun. 30, 2015 USD ($)	Aug. 12, 2016	Jul. 11, 2016 shares	Dec. 31, 2015
Subsequent Event [Line Items]
Number of common stock shares issued during the period \| shares			1,608,200
Shares issued price per share \| $ / shares			$ 2.50
Proceeds from issuance of common stock \| $			$ 4,230,500	$ 5,498,484
Subsequent Event [Member]
Subsequent Event [Line Items]
Foreign currency exchange rate, translation			14.9690		14.8466		12.9441
Number of common stock shares issued during the period \| shares	125,250
Shares issued price per share \| $ / shares	$ 2.00
Proceeds from issuance of common stock \| $	$ 250,500
Subsequent Event [Member] \| 2016 Stock Option Plan [Member]
Subsequent Event [Line Items]
Number of common stock shares authorized for issuance \| shares						1,224,308
Percentage of common stock shares outstanding on fully diluted basis						2.50%
Option to purchase of common stock \| $		$ 400,000

EXCEL 64 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 66 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 68 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 122 259 1 true 54 0 false 4 false false R1.htm 00000001 - Document - Document And Entity Information Sheet http://algodongroup.com/role/DocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Consolidated Balance Sheets Sheet http://algodongroup.com/role/BalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://algodongroup.com/role/BalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) Sheet http://algodongroup.com/role/StatementsOfOperations Condensed Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Condensed Consolidated Statements of Comprehensive Loss (Unaudited) Sheet http://algodongroup.com/role/StatementsOfComprehensiveLoss Condensed Consolidated Statements of Comprehensive Loss (Unaudited) Statements 5 false false R6.htm 00000006 - Statement - Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) Sheet http://algodongroup.com/role/StatementOfChangesInStockholdersEquity Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) Statements 6 false false R7.htm 00000007 - Statement - Condensed Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) Sheet http://algodongroup.com/role/StatementOfChangesInStockholdersEquityParenthetical Condensed Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) Statements 7 false false R8.htm 00000008 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://algodongroup.com/role/StatementsOfCashFlows Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 8 false false R9.htm 00000009 - Disclosure - Organization Sheet http://algodongroup.com/role/Organization Organization Notes 9 false false R10.htm 00000010 - Disclosure - Going Concern and Management's Liquidity Plans Sheet http://algodongroup.com/role/GoingConcernAndManagementsLiquidityPlans Going Concern and Management's Liquidity Plans Notes 10 false false R11.htm 00000011 - Disclosure - Summary of Significant Accounting Policies Sheet http://algodongroup.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 11 false false R12.htm 00000012 - Disclosure - Inventory Sheet http://algodongroup.com/role/Inventory Inventory Notes 12 false false R13.htm 00000013 - Disclosure - Net Capital Requirements Sheet http://algodongroup.com/role/NetCapitalRequirements Net Capital Requirements Notes 13 false false R14.htm 00000014 - Disclosure - Investments and Fair Value of Financial Instruments Sheet http://algodongroup.com/role/InvestmentsAndFairValueOfFinancialInstruments Investments and Fair Value of Financial Instruments Notes 14 false false R15.htm 00000015 - Disclosure - Accrued Expenses Sheet http://algodongroup.com/role/AccruedExpenses Accrued Expenses Notes 15 false false R16.htm 00000016 - Disclosure - Loans Payable Sheet http://algodongroup.com/role/LoansPayable Loans Payable Notes 16 false false R17.htm 00000017 - Disclosure - Debt Obligations Sheet http://algodongroup.com/role/DebtObligations Debt Obligations Notes 17 false false R18.htm 00000018 - Disclosure - Related Party Transactions Sheet http://algodongroup.com/role/RelatedPartyTransactions Related Party Transactions Notes 18 false false R19.htm 00000019 - Disclosure - Benefit Contribution Plan Sheet http://algodongroup.com/role/BenefitContributionPlan Benefit Contribution Plan Notes 19 false false R20.htm 00000020 - Disclosure - Stockholders' Equity Sheet http://algodongroup.com/role/StockholdersEquity Stockholders' Equity Notes 20 false false R21.htm 00000021 - Disclosure - Commitments and Contingencies Sheet http://algodongroup.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 21 false false R22.htm 00000022 - Disclosure - Subsequent Events Sheet http://algodongroup.com/role/SubsequentEvents Subsequent Events Notes 22 false false R23.htm 00000023 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://algodongroup.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://algodongroup.com/role/SummaryOfSignificantAccountingPolicies 23 false false R24.htm 00000024 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://algodongroup.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://algodongroup.com/role/SummaryOfSignificantAccountingPolicies 24 false false R25.htm 00000025 - Disclosure - Inventory (Tables) Sheet http://algodongroup.com/role/InventoryTables Inventory (Tables) Tables http://algodongroup.com/role/Inventory 25 false false R26.htm 00000026 - Disclosure - Investments and Fair Value of Financial Instruments (Tables) Sheet http://algodongroup.com/role/InvestmentsAndFairValueOfFinancialInstrumentsTables Investments and Fair Value of Financial Instruments (Tables) Tables http://algodongroup.com/role/InvestmentsAndFairValueOfFinancialInstruments 26 false false R27.htm 00000027 - Disclosure - Accrued Expenses (Tables) Sheet http://algodongroup.com/role/AccruedExpensesTables Accrued Expenses (Tables) Tables http://algodongroup.com/role/AccruedExpenses 27 false false R28.htm 00000028 - Disclosure - Debt Obligations (Tables) Sheet http://algodongroup.com/role/DebtObligationsTables Debt Obligations (Tables) Tables http://algodongroup.com/role/DebtObligations 28 false false R29.htm 00000029 - Disclosure - Stockholders' Equity (Tables) Sheet http://algodongroup.com/role/StockholdersEquityTables Stockholders' Equity (Tables) Tables http://algodongroup.com/role/StockholdersEquity 29 false false R30.htm 00000030 - Disclosure - Organization (Details Narrative) Sheet http://algodongroup.com/role/OrganizationDetailsNarrative Organization (Details Narrative) Details http://algodongroup.com/role/Organization 30 false false R31.htm 00000031 - Disclosure - Going Concern and Management's Liquidity Plans (Details Narrative) Sheet http://algodongroup.com/role/GoingConcernAndManagementsLiquidityPlansDetailsNarrative Going Concern and Management's Liquidity Plans (Details Narrative) Details http://algodongroup.com/role/GoingConcernAndManagementsLiquidityPlans 31 false false R32.htm 00000032 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) Sheet http://algodongroup.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative Summary of Significant Accounting Policies (Details Narrative) Details http://algodongroup.com/role/SummaryOfSignificantAccountingPoliciesTables 32 false false R33.htm 00000033 - Disclosure - Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) Sheet http://algodongroup.com/role/SummaryOfSignificantAccountingPolicies-ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareDetails Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) Details 33 false false R34.htm 00000034 - Disclosure - Inventory - Schedule of Inventory (Details) Sheet http://algodongroup.com/role/Inventory-ScheduleOfInventoryDetails Inventory - Schedule of Inventory (Details) Details 34 false false R35.htm 00000035 - Disclosure - Net Capital Requirements (Details Narrative) Sheet http://algodongroup.com/role/NetCapitalRequirementsDetailsNarrative Net Capital Requirements (Details Narrative) Details http://algodongroup.com/role/NetCapitalRequirements 35 false false R36.htm 00000036 - Disclosure - Investments and Fair Value of Financial Instruments (Details Narrative) Sheet http://algodongroup.com/role/InvestmentsAndFairValueOfFinancialInstrumentsDetailsNarrative Investments and Fair Value of Financial Instruments (Details Narrative) Details http://algodongroup.com/role/InvestmentsAndFairValueOfFinancialInstrumentsTables 36 false false R37.htm 00000037 - Disclosure - Investments and Fair Value of Financial Instruments - Investments in and Advances to Affiliates (Details) Sheet http://algodongroup.com/role/InvestmentsAndFairValueOfFinancialInstruments-InvestmentsInAndAdvancesToAffiliatesDetails Investments and Fair Value of Financial Instruments - Investments in and Advances to Affiliates (Details) Details 37 false false R38.htm 00000038 - Disclosure - Investments and Fair Value of Financial Instruments - Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) Sheet http://algodongroup.com/role/InvestmentsAndFairValueOfFinancialInstruments-FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationDetails Investments and Fair Value of Financial Instruments - Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) Details 38 false false R39.htm 00000039 - Disclosure - Investments and Fair Value of Financial Instruments - Available-for-sale Securities (Details) Sheet http://algodongroup.com/role/InvestmentsAndFairValueOfFinancialInstruments-Available-for-saleSecuritiesDetails Investments and Fair Value of Financial Instruments - Available-for-sale Securities (Details) Details 39 false false R40.htm 00000040 - Disclosure - Accrued Expenses - Schedule of Accrued Expenses (Details) Sheet http://algodongroup.com/role/AccruedExpenses-ScheduleOfAccruedExpensesDetails Accrued Expenses - Schedule of Accrued Expenses (Details) Details 40 false false R41.htm 00000041 - Disclosure - Loans Payable (Details Narrative) Sheet http://algodongroup.com/role/LoansPayableDetailsNarrative Loans Payable (Details Narrative) Details http://algodongroup.com/role/LoansPayable 41 false false R42.htm 00000042 - Disclosure - Debt Obligations (Details Narrative) Sheet http://algodongroup.com/role/DebtObligationsDetailsNarrative Debt Obligations (Details Narrative) Details http://algodongroup.com/role/DebtObligationsTables 42 false false R43.htm 00000043 - Disclosure - Debt Obligations - Schedule of Convertible Debt (Details) Sheet http://algodongroup.com/role/DebtObligations-ScheduleOfConvertibleDebtDetails Debt Obligations - Schedule of Convertible Debt (Details) Details 43 false false R44.htm 00000044 - Disclosure - Related Party Transactions (Details Narrative) Sheet http://algodongroup.com/role/RelatedPartyTransactionsDetailsNarrative Related Party Transactions (Details Narrative) Details http://algodongroup.com/role/RelatedPartyTransactions 44 false false R45.htm 00000045 - Disclosure - Benefit Contribution Plan (Details Narrative) Sheet http://algodongroup.com/role/BenefitContributionPlanDetailsNarrative Benefit Contribution Plan (Details Narrative) Details http://algodongroup.com/role/BenefitContributionPlan 45 false false R46.htm 00000046 - Disclosure - Stockholders' Equity (Details Narrative) Sheet http://algodongroup.com/role/StockholdersEquityDetailsNarrative Stockholders' Equity (Details Narrative) Details http://algodongroup.com/role/StockholdersEquityTables 46 false false R47.htm 00000047 - Disclosure - Stockholders' Equity - Schedule of Fair Value Assumption of Warrants (Details) Sheet http://algodongroup.com/role/StockholdersEquity-ScheduleOfFairValueAssumptionOfWarrantsDetails Stockholders' Equity - Schedule of Fair Value Assumption of Warrants (Details) Details 47 false false R48.htm 00000048 - Disclosure - Stockholders' Equity - Schedule of Stockholders' Equity Note, Warrants or Rights (Details) Sheet http://algodongroup.com/role/StockholdersEquity-ScheduleOfStockholdersEquityNoteWarrantsOrRightsDetails Stockholders' Equity - Schedule of Stockholders' Equity Note, Warrants or Rights (Details) Details 48 false false R49.htm 00000049 - Disclosure - Stockholders' Equity - Schedule of Share-based Compensation, Equity Instruments Other than Options, by Exercise Price Range (Details) Sheet http://algodongroup.com/role/StockholdersEquity-ScheduleOfShare-basedCompensationEquityInstrumentsOtherThanOptionsByExercisePriceRangeDetails Stockholders' Equity - Schedule of Share-based Compensation, Equity Instruments Other than Options, by Exercise Price Range (Details) Details 49 false false R50.htm 00000050 - Disclosure - Stockholders' Equity - Schedule of Share-based Compensation, Stock Options, Activity (Details) Sheet http://algodongroup.com/role/StockholdersEquity-ScheduleOfShare-basedCompensationStockOptionsActivityDetails Stockholders' Equity - Schedule of Share-based Compensation, Stock Options, Activity (Details) Details 50 false false R51.htm 00000051 - Disclosure - Stockholders' Equity - Schedule of Share-based Compensation, Shares Outstanding under Stock Option Plans, by Exercise Price Range (Details) Sheet http://algodongroup.com/role/StockholdersEquity-ScheduleOfShare-basedCompensationSharesOutstandingUnderStockOptionPlansByExercisePriceRangeDetails Stockholders' Equity - Schedule of Share-based Compensation, Shares Outstanding under Stock Option Plans, by Exercise Price Range (Details) Details 51 false false R52.htm 00000052 - Disclosure - Commitments and Contingencies (Details Narrative) Sheet http://algodongroup.com/role/CommitmentsAndContingenciesDetailsNarrative Commitments and Contingencies (Details Narrative) Details http://algodongroup.com/role/CommitmentsAndContingencies 52 false false R53.htm 00000053 - Disclosure - Subsequent Events (Details Narrative) Sheet http://algodongroup.com/role/SubsequentEventsDetailsNarrative Subsequent Events (Details Narrative) Details http://algodongroup.com/role/SubsequentEvents 53 false false All Reports Book All Reports awld-20160630.xml awld-20160630.xsd awld-20160630_cal.xml awld-20160630_def.xml awld-20160630_lab.xml awld-20160630_pre.xml true true ZIP 70 0001493152-16-012375-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-16-012375-xbrl.zip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�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