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- Non controlling interest
6 Months Ended
Jun. 30, 2013
- Non controlling interest [Abstract]  
- Non controlling interest

Note 4 - Non controlling interest

 

Non-controlling interest represents the minority stockholders' proportionate share of the equity of All-American Golf Center ("AAGC') which is a 51% owned subsidiary of the Company. At June 30, 2013, we owned 51% of AAGC's capital stock, representing voting control and a majority interest. Our controlling ownership interest requires that AAGC's operations be included in the Condensed Consolidated Financial Statements contained herein. The 49% equity interest that is not owned by us is shown as “Non-controlling interest in consolidated subsidiary” in the Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets.  As of June 30, 2013, St. Andrews Golf Shop, our minority interest partner and a related party held a $423,224 interest in the net asset value of our subsidiary AAGC and a $74,841 interest in the net income from operations of AAGC.