Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v3.6.0.2
Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current Assets    
Cash $ 348,414 $ 160,859
Accounts receivable 755,136 467,348
Prepaid expense 48,025 38,225
Due from third party 324,100 77,500
Due from related party 29,886 104,494
Notes receivables - Current 120,920 100,767
Other current assets 600 212
Total Current Assets 1,627,081 949,405
Long Term Assets    
Notes receivables - long term 569,447 587,592
Property, Furniture and Equipment (net of accumulated depreciation) 164,963 84,140
Building Improvements (net of accumulated depreciation) 3,299,355 2,025,108
Land and improvements 179,196 71,488
Total Long Term Assets 4,212,961 2,768,328
Total Assets 5,840,042 3,717,733
Current Liabilities    
Account payable and accrued expenses 1,541,014 1,136,343
Account payable - related party 773,438 680,320
Bank Line of Credit 898,257
Due to related parties 40,244 125,902
Deferred revenue 226,950 226,950
Other payable 225,000 230,000
Total Current Liabilities 3,704,903 2,399,517
Notes Payables 3,650,000 3,250,000
Total Liabilities 7,354,903 5,649,517
Stockholders (Deficit)    
Common Stock (Par value $0.001 authorized 100,000,000 shares, 64,074,683 and 32,120,446 common shares issued and outstanding as of June 30, 2016 and December 31, 2015 respectively) 64,075 32,120
Common stock subscribed but not yet issued (0 and 32,354,236 common shares as of June 30, 2016 and December 31, 2015, respectively) 32,354
Subscription receivable (25,000) (25,000)
Common Stock Warrants 1,165,563 1,165,563
Additional Paid in Capital 7,304,945 7,005,164
Accumulated Deficit (10,342,460) (10,196,094)
Noncontrolling interest 318,017 54,109
Total stockholders deficit 1,514,861 (1,931,783)
Total Liabilities and Stockholders Deficit $ 5,840,042 $ 3,717,733