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SUBSEQUENT EVENTS
3 Months Ended
Dec. 31, 2011
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

(9) SUBSEQUENT EVENTS:

 

INVESTMENT IN LIMITED PARTNERSHIP:

Miami, Florida

On January 27, 2012, a limited partnership in which (i) we are the sole general partner; and (ii) we and a wholly owned subsidiary are currently the sole limited partners, acquired personal property assets and a leasehold interest of a non-affiliated restaurant operation located in Miami, Florida for $150,000. We advanced the purchase price to the limited partnership. We plan to raise funds to renovate this new restaurant location using our limited partnership ownership model. The amounts advanced to the limited partnership will be used as a credit to pay for equity investments in the limited partnership we may acquire (which equity interests shall be purchased at the same price and upon the same terms as other equity investors). If we do not acquire equity in the limited partnership for at least $150,000, any excess amounts advanced by us will be reimbursed to us by the limited partnership without interest.

 

Subsequent events have been evaluated through the date these condensed consolidated financial statements were issued. No events, other than the events discussed above, required disclosure.