XML 39 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related party transactions (Details Text) (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2009
Dec. 31, 2011
Amounts allocated to these related parties by the Company approximated $41,741 and $54,666 for the six months ended June 30, 2012 and 2011, respectively $ 41,741 $ 54,666    
The net amount due to Stores 1,347,324     1,370,830
Related Party Transaction     Pursuant to this agreement, we agreed to transfer a 49% interest in our wholly owned subsidiary, AAGC as a partial principal payment in the amount of $600,000 on the Company’s outstanding loan due to St. Andrews Golf Shop, Ltd. In March 2009, the Company engaged the services of an independent third party business valuation firm, Houlihan Valuation Advisors, to determine the fair value of the business and the corresponding minority interest.  
Related Party Accrued Interest Payable 4,764,361     4,550,848
Base Monthly Rent from SAGS The Company subleases space in the clubhouse to SAGS. Base rent includes $13,104 per month through July 2012 with a 5% increase for each of two 5-year options to extend in July 2012 and July 2017. The Company subleases space in the clubhouse to SAGS. Base rent includes $13,104 per month through July 2012 with a 5% increase for each of two 5-year options to extend in July 2012 and July 2017.      
Lease Income from SAGS 78,624 78,624    
President
       
Defered Salary to Related Party 85,000      
President’s Brother
       
Defered Salary to Related Party $ 53,125