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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 426,124 $ 55,885
Total current assets 426,124 55,885
Land (Note 3) 5,233,204 5,476,097
Other receivable 154,622
Other assets 80 80
Total assets 5,814,030 5,532,062
Current liabilities:    
Convertible notes and line of credit payable (Note 5) 1,962,500 1,962,500
Debenture payable (Note 6) 50,000 50,000
Convertible debenture payable (Note 6) 1,800,000 1,800,000
Short term notes and interest bearing advance (Note 7) 65,504 80,504
Total current liabilities 18,676,733 17,526,938
Total liabilities 18,676,733 17,526,938
Commitments and contingencies (Notes 3 and 15)
Stockholders’ deficit:    
Preferred stock, $0.01 par value; shares authorized 5,000,000, outstanding 2,086,000 at December 31, 2023 and 2022 (aggregate liquidation preference of $2,519,080 at December 31, 2023 and 2022) 20,860 20,860
Common stock, $0.001 par value; shares authorized 50,000,000, issued: 39,052,472 at December 31, 2023 and 2022, outstanding: 36,297,576 at December 31, 2023 and 2022 39,052 39,052
Additional paid-in capital 36,663,780 36,122,078
Unearned ESOP shares (2,490,662) (2,609,264)
Accumulated deficit (46,862,802) (45,351,375)
Treasury stock, at cost, 1,084,431 and 1,004,886 shares at December 31, 2023 and 2022, respectively (232,931) (216,227)
Total stockholders’ deficit (12,862,703) (11,994,876)
Total liabilities and stockholders’ deficit 5,814,030 5,532,062
Related Party [Member]    
Current liabilities:    
Accounts payable and accrued expenses 8,315,187 7,462,182
Notes payable due 669,279 720,651
Others [Member]    
Current liabilities:    
Accounts payable and accrued expenses 5,272,524 4,918,538
Notes payable due $ 541,739 $ 532,563