XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash      
Accounts receivable 1,666 961
Prepaid expenses and other current assets 12,362 3,671
Total current assets 14,028 4,632
Property and equipment, net of accumulated depreciation of $701,053 and $615,091, as of September 30, 2014 and December 31,2013, respectively 633,051 663,569
Total Assets 647,079 668,201
Current liabilities:    
Cash in excess of available funds 30,685 20,756
Accounts payable and accrued expenses 518,888 417,802
Current portion of deferred revenue 100,000 100,000
Current portion of notes payable - related parties 4,348,495 4,409,495
Current portion due to related parties 1,582,142 1,539,045
Current portion of capital lease obligation 36,545 35,564
Accrued interest payable - related party 5,721,341 5,400,781
Total current liabilities 12,338,096 11,923,443
Long-term liabilities:    
Long-term portion of capital lease obligation 72,141 96,327
Deferred revenue 100,000 25,000
Deferred rent liability 615,164 647,999
Total long-term liabilities 787,305 769,326
Commitments and Contingencies      
Stockholder's deficit:    
Common stock, $0.001 par value, 50,000,000 shares authorized, 4,624,123 and 4,624,123 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively 4,624 4,624
Prepaid equity-based compensation (6,043) (10,294)
Additional paid-in capital 14,408,270 14,408,270
Accumulated deficit (27,276,618) (26,744,979)
Total All-American SportPark, Inc. stockholders' deficit (12,869,767) (12,342,379)
Non-controlling interest in net assets of subsidiary 391,444 317,811
Total stockholders' deficit (12,478,322) (12,024,568)
Total Liabilities and Stockholders' Deficit 647,079 668,201
Preferred Stock, Series "B"
    
Stockholder's deficit:    
Preferred stock, Series "B", $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively