XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Statements of Operations (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Income Statement [Abstract]    
Revenues $ 680,712us-gaap_Revenues $ 612,018us-gaap_Revenues
Operating expenses    
Depreciation 20,994us-gaap_DepreciationAndAmortization 21,308us-gaap_DepreciationAndAmortization
General and administrative 298,201us-gaap_GeneralAndAdministrativeExpense 263,482us-gaap_GeneralAndAdministrativeExpense
Management fees 48,368us-gaap_SponsorFees 45,320us-gaap_SponsorFees
Professional fees 84,011us-gaap_ProfessionalFees 60,101us-gaap_ProfessionalFees
Rent 88,755us-gaap_LeaseAndRentalExpense 177,381us-gaap_LeaseAndRentalExpense
Salaries and wages 444,471us-gaap_SalariesWagesAndOfficersCompensation 903,943us-gaap_SalariesWagesAndOfficersCompensation
Total operating expenses 984,800us-gaap_CostsAndExpenses 1,471,535us-gaap_CostsAndExpenses
Operating loss (304,088)us-gaap_OperatingIncomeLoss (859,517)us-gaap_OperatingIncomeLoss
Other expense    
Interest expense (51,541)us-gaap_InterestExpense (63,935)us-gaap_InterestExpense
Net loss from continuing operations (355,629)us-gaap_IncomeLossFromContinuingOperations (968,799)us-gaap_IncomeLossFromContinuingOperations
Loss from discontinued operations, net of tax    (45,347)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Net loss applicable to common shareholders (355,629)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic (968,799)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Accumulated other comprehensive loss    
Foreign currency translation adjustment 315,178us-gaap_ForeignCurrencyTransactionGainLossUnrealized 194,174us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Total comprehensive loss $ (40,450)us-gaap_ComprehensiveIncomeNetOfTax $ (774,625)us-gaap_ComprehensiveIncomeNetOfTax
Basic and diluted loss per common share- continuing operations $ (0.01)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (0.02)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Basic and diluted loss per common share- discontinued operations    $ 0.00us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
Basic and diluted loss per common share $ (0.01)us-gaap_EarningsPerShareBasicAndDiluted $ (0.02)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average outstanding 46,388,120us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 45,939,346us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted