v2.4.0.8
Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current Assets    
Total Checking/Savings $ 38,913 $ 14,267
Accounts Receivable 33,912 30,428
Prepaid Expenses 2,492 5,126
Total Current Assets 75,317 49,821
Fixed Assets    
Georgetown Property 6,431,386 6,430,441
Accumulated Depreciation (763,574) (637,070)
Total Fixed Assets 5,667,812 5,793,371
Other Assets    
Utility Deposit 10,870 10,870
Total Other Assets 10,870 10,870
TOTAL ASSETS 5,753,999 5,854,062
Current Liabilities    
Accounts Payable 63,950 70,974
Prepaid Rental Income FCET 12,265 0
Current Portion of Long Term Debt 309,586 309,586
Property Tax Accrual 196,292 150,120
Accrued Epenses 7,927 7,628
Preferred Dividends Payable 24,097 21,083
Note Payable Related Parties 530,932 426,248
Note Payable 30,000 35,000
Accrued Interest 108,910 74,610
Total Current Liabilities 1,283,959 1,095,249
Long Term Liabilities    
Digital equipment note, less current portion 415,354 464,875
Mortgage payable, less current portion 4,361,537 4,435,527
Total Long Term Liabilities 4,776,891 4,900,402
Total Liabilities 6,060,850 5,995,651
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 136,316,196 and 131,784,426 shares, respectively 136,316 131,784
Additional Paid-in-Capital 9,094,206 8,999,967
Accumulated deficit (9,537,683) (9,273,650)
Total Stockholders' equity (deficit) (306,851) (141,589)
TOTAL LIABILITIES AND EQUITY $ 5,753,999 $ 5,854,062