Quarterly report pursuant to sections 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

v2.4.0.6
DISCONTINUED OPERATIONS (Tables)
3 Months Ended
Mar. 31, 2013
Accounting Policies [Abstract]  
Schedule of Assets and Liabilities
   

March 31,

2013

   

December 31,

2012

 
Assets:            
Prepaid expenses – current portion   $ -     $ -  
Deposits in real estate under contract     53,395       82,145  
Deposit     -       -  
Real estate held for sale     230,088       1,035,570  
Assets of discontinued operations   $ 283,483     $ 1,117,715  
                 
Liabilities:                
Accounts payables and accrued expenses   $ 30,664     $ 30,664  
Liabilities of discontinued operations   $ 30,664     $ 30,664  
Schedule Discontinued Operations
    For the Three Months Ended March 31, 2013     For the Three Months Ended March 31, 2012  
Revenues – real estate   $ 986,951     $ -  
Cost of sales- real estate     (817,483)       -  
Gross profit     169,468       -  
Operating and other non-operating expenses     (60,688 )     (27,305 )
                 
Gain (loss) from discontinued operations   $ 108,780     $ (27,305