XML 36 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheet (USD $)
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash $ 54,472 $ 18,794
Cash held in escrow 423,969 77,468
Other Receivables 69,712 25,456
Prepaid Expenses 11,621 19,774
Total Current Assets 559,774 141,492
PROPERTY AND EQUIPMENT, Net accumulated Depreciation 40,460   
OTHER ASSETS    
Definite Life Intangible Assets 233,766 231,615
Deferred Stock Offering Costs 67,000 67,000
Deposits 10,466 10,360
Total Other Assets 311,232 308,975
TOTAL ASSETS 911,466 450,467
CURRENT LIABILITIES:    
Notes Payable -Related Party, Current Portion 1,705,201 728,001
Accounts Payable 568,175 548,501
Accrued Expenses 824,192 858,135
Total Current Liabilities 3,097,568 2,134,637
LONG TERM LIABILITIES    
Notes Payable, Related Parties Less Current Portion      
Total Long Term Liabilities      
Total Liabilities 3,097,568 2,134,637
STOCKHOLDER'S DEFICIENCY:    
Preferred stock, $.0001 par value; 10,000,000 shares authorized; none issued and outstanding      
Common stock, par value 1.0 DKK, 200,000,000 shares authorized, 7,854,947 and 5,814,945 issued and outstanding at March 31, 2014 and December 31, 2013, respectively 785 581
Additional paid-in capital 17,788,129 17,867,565
Accumulated Deficit (19,947,180) (19,521,126)
Non-controlled interest in subsidiary      
Other Comprehensive Income, net (27,836) (31,190)
Total Stockholder's (Deficit) (2,347,609) (1,684,170)
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 911,466 $ 450,467