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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME/(LOSS) (UNAUDITED) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues    
Rental income $ 1,216,261 $ 1,261,257
Management fee income 524,966 514,324
Total revenues 1,741,227 1,775,581
Cost of revenues    
Rental cost 1,141,670 999,801
Management fee cost 534,129 582,908
Total cost 1,675,799 1,582,709
Gross profit 65,428 192,872
Operation expenses    
Selling expenses 17,445 17,041
General and administrative expenses 558,543 468,237
Depreciation and amortization 4,631 22,224
Total operation expenses 580,619 507,503
Loss from operations (515,191) (314,631)
Other income (expense)    
Disposal of parking lots income 57,854 197,258
Other income, net 33,656 33,734
Interest and finance costs (524,331) (542,648)
Total other income (expense) (432,820) (311,656)
Loss before provision for income taxes (948,011) (626,287)
Provision for income taxes      
Net Loss (948,011) (626,287)
Other comprehensive loss    
Foreign currency translation adjustment 75,611 (16,639)
Comprehensive loss $ (872,401) $ (642,926)
Loss per share    
Basic $ (0.07) $ (0.05)
Diluted $ (0.07) $ (0.05)
Weighted average number of shares outstanding    
Basic 11,759,966 11,759,966
Diluted 11,759,966 11,759,966