Annual report pursuant to section 13 and 15(d)

DISCONTINUED OPERATIONS (Tables)

v2.4.0.8
DISCONTINUED OPERATIONS (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Schedule of Assets And Liabilities
   

December 31,

2013

   

December 31,

2012

 
Assets:            
Deposits in real estate under contract   $ -     $ 82,145  
      -       -  
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 year ended December 31, 2013

   

 

For the year ended December 31, 2012

 
Revenues – real estate   $ 1,270,916     $ 724,090  
Cost of sales – real estate     (1,064,320     (576,126)  
Gross profit     206,596       147,964  
Operating and other non-operating expenses     (111,352 )     (1,558,635)  
Gain on sale of assets of discontinued operations     168,216       -  
                 
Income (loss) from discontinued operations   $ 263,460     $ (1,410,671 )