Quarterly report pursuant to sections 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

v2.4.0.8
DISCONTINUED OPERATIONS (Tables)
6 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Schedule of Assets And Liabilities
   

June 30,

2013

   

December 31,

2012

 
Assets:            
Prepaid expenses – current portion   $ -     $ -  
Deposits in real estate under contract     -       82,145  
Deposit     -       -  
Real estate held for sale     -       1,035,570  
Assets of discontinued operations   $ -     $ 1,117,715  
                 
Liabilities:                
Accounts payables and accrued expenses   $ 30,664     $ 30,664  
Liabilities of discontinued operations   $ 30,664     $ 30,664  
Schedule of Discontinued Operations
    For the Three Months ended June 30, 2013     For the Three Months ended June 30, 2012     For the Six Months ended June 30, 2013     For the Six Months ended June 30, 2012  
Revenues – real estate   $ 283,966     $ -     $ 1,270,916     $ -  
Cost of sales- real estate     (243,837 )     -       (1,061,320     -  
Gross profit     40,129       -       209,596       -  
Operating and other non-operating expenses     (30,656 )     (1,302,620 )     (91,343 )     (1,329,925
                                 
Income (loss) from discontinued operations   $ 9,473     $ (1,302,620 )   $ 118,253     $ (1,329,925 )