v2.4.0.8
Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash $ 14,267 $ 34,469
Accounts receivable 30,428 39,177
Utilities Deposits 10,870 0
Prepaid expenses 5,126 535
Total current assets 60,691 74,181
Fixed assets    
Georgetown 14 property 6,430,441 6,372,161
Computers and equipment 0 82,928
Accumulated depreciation (637,070) (472,808)
Total fixed assets 5,793,371 5,982,281
Other assets:    
Total customer data Base after amortization 0 43,022
Total assets 5,854,062 6,099,484
Current liabilities:    
Accounts payable 70,974 53,071
Accrued expenses 7,628 11,141
Accrued interest 74,610 62,834
Preferred dividends payable 21,083 15,071
Short term notes payable 35,000 40,000
Notes payable - related party 426,248 359,414
Current portion of long term debt 309,586 264,189
Accrued Property tax 150,120 125,965
Total current liabilities 1,095,249 931,685
Long term liabilities    
Digital equipment note, less current portion 464,875 584,211
Mortgage payable, less current portion 4,435,527 4,651,891
Total long term liabilities 4,900,402 5,236,102
Total liabilities 5,995,651 6,167,787
Stockholders:    
Preferred stock, authorized 10,000,000 shares of $.001 par value Preferred A, issued and outstanding is 10,000 10 10
Preferred B, issued and outstanding is 300,600 300 300
Common stock, authorized 200,000,000 shares of $.001 par value, issued and outstanding shares of 131,784,426 and 112,743,016 shares, respectively 131,784 112,743
Additional paid-in capital 8,999,967 8,638,180
Accumulated deficit (9,273,650) (8,819,536)
Total Stockholders' equity (deficit) (141,589) (68,303)
Total liabilities and stockholders' deficit $ 5,854,062 $ 6,099,484