XML 39 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net loss $ (542,015) $ (574,334)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 12,398 12,308
Amortization of discounts on notes and fees 750 1,973
Stock Based compensation 0 74,000
Changes in assets and liabilities:    
Other receivables (22,703) (8,460)
Discontinued operations assets (84,616) 58,498
Prepaid expenses, deposits in escrow and deferred charges 40,121 39,562
Other assets (3) 0
Increase in:    
Accounts payable and accrued liabilities 58,602 61,054
Discontinued operations liabilities 350,678 198,411
Other liabilities 18,633 539
Total adjustments 373,860 437,885
Net cash used in operating activities (168,155) (136,449)
Cash Flows from Investing Activities:    
Payments received on notes receivable 947 0
Payments disbursed for capital improvements (2,880) 0
Net cash used in investing activities (1,933) 0
Cash Flows from Financing Activities:    
Proceeds of Line of Credit 100,000 0
Principal payments on mortgage debt (6,882) 0
Net cash provided by financing activities 93,118 0
Net decrease in Cash and Cash Equivalents (76,970) (136,449)
Cash and Cash Equivalents, Beginning of Period 852,674 961,240
Cash and Cash Equivalents, End of Period 775,704 824,791
Supplemental cash flow information:    
Interest paid in cash $ 5,466 $ 0