v2.4.0.8
Consolidated Balance Sheets (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current Assets    
Total Checking/Savings $ 19,814 $ 14,267
Accounts Receivable 27,554 30,428
Prepaid Expenses 1,390 5,126
Total Current Assets 48,758 49,821
Fixed Assets    
Georgetown Property 6,431,386 6,430,441
Accumulated Depreciation (826,826) (637,070)
Total Fixed Assets 5,604,560 5,793,371
Other Assets    
Utility Deposit 10,870 10,870
Total Other Assets 10,870 10,870
TOTAL ASSETS 5,664,188 5,854,062
Current Liabilities    
Accounts Payable 64,550 70,974
Current Portion of Long Term Debt 326,970 309,586
Property Tax Accrual 251,176 150,120
Accrued Expenses 7,539 7,628
Preferred Dividends Payable 25,613 21,083
Note Payable Related Parties 600,051 426,248
Note Payable 30,000 35,000
Accrued Interest 121,216 74,610
Total Current Liabilities 1,427,115 1,095,249
Long Term Liabilities    
Digital equipment note, less current portion 366,917 464,875
Mortgage payable, less current portion 4,321,366 4,435,527
Total Long Term Liabilities 4,688,283 4,900,402
Total Liabilities 6,115,398 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 137,912,706 and 131,784,426 shares, respectively 137,913 131,784
Additional Paid-in-Capital 9,114,539 8,999,967
Accumulated deficit (9,703,972) (9,273,650)
Total Stockholders' equity (deficit) (451,210) (141,589)
TOTAL LIABILITIES & EQUITY $ 5,664,188 $ 5,854,062