Quarterly report pursuant to sections 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.8
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2014
Accounting Policies [Abstract]  
Schedule of Fair Value Assets

 

     

Investment measured at fair value on a recurring basis at March 31, 2014:

 

    Fair Value Measurements Using:  
   

Quoted Prices

in Active

Markets

(Level 1)

   

Significant

Other

Observable

Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

 
                   
Marketable securities – available for sale, net of discount for effect of restriction   $ -     $ -     $ 6,250  
                         

 

Schedule of Basic and Diluted Loss Per Share
    For the Three Months ended March 31, 2014     For the Three Months ended March 31, 2013  
             
Loss from continuing operations   $ (281,606 )   $ (714,316 )
Income  from discontinued operations   $ -     $ 108,780  
                 
Denominator:                
Denominator for basic and diluted loss per share                
(weighted-average shares)     5,489,593       3,503,565  
                 
Loss per common share, basic and diluted:                
Loss from continuing operations   $ (0.05   $ (0.20 )
Income from discontinued operations   $ -     $ 0.03