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Non Controlling Interest
9 Months Ended
Sep. 30, 2016
Noncontrolling Interest [Abstract]  
Non Controlling Interest

Note 5 – 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 September 30, 2015, we owned 51% of AAGC’s capital stock, representing voting control and a majority interest. Our controlling ownership interest required 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. 

  

Pursuant to the Transfer Agreement, at the closing on October 18, 2016, we transferred our 51% interest in AAGC, which constituted substantially all of our assets, to the Boretas.