XML 44 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Net loss $ (1,196,351) $ (1,103,886)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 27,229 24,715
Amortization of discounts on notes and fees 1,670 1,973
Stock Based compensation 0 98,667
Changes in assets and liabilities:    
Other receivables 1,289 (9,174)
Discontinued operations assets (81,575) 19,298
Prepaid expenses 98,782 112,549
Other assets (5,680) 0
Increase in:    
Accounts payable and accrued liabilities 135,407 75,608
Discontinued operations liabilities 689,301 577,909
Other liabilities 5,685 1,030
Total adjustments 872,108 902,575
Net cash used in operating activities (324,243) (201,311)
Cash Flows from Investing Activities:    
Payments received on notes receivable 5,966 8,948
Payments disbursed for capital improvements (2,879) (3,931)
Net cash provided by investing activities 3,087 5,017
Cash Flows from Financing Activities:    
Proceeds of Line of credit 200,000 0
Proceeds of mortgage financing 0 459,620
Principal payments on mortgage debt (11,605) 0
Net cash provided by financing activities 188,395 459,620
Net increase (decrease) in Cash and Cash Equivalents (132,761) 263,326
Cash and Cash Equivalents, Beginning of period 852,674 961,240
Cash and Cash Equivalents, End of period 719,913 1,224,566
Supplemental cash flow information:    
Interest paid in cash $ 12,233 $ 0