Post-effective amendment to a registration statement that is not immediately effective upon filing

SEGMENTS OF BUSINESS (Tables)

v2.4.0.6
SEGMENTS OF BUSINESS (Tables)
12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

Financial information regarding the Company's segments is as follows for 2012 and 2011.

 

Year ended December 31, 2012

 

    Management     Restaurants     Total  
                   
Revenues   $ 130,743     $ 6,752,323     $ 6,883,066  
                         
Interest expense   $ 421,587     $ 53,339     $ 474,926  
                         
Depreciation and amortization   $ 8,768     $ 374,686     $ 383,454  
                         
Net loss before non-controlling interest   $ (2,403,901 )   $ (990,632 )   $ (3,394,533 )
Non-controlling interest                     227,968  
Net loss                   $ (3,166,565 )
                         
Assets   $ 1,606,059     $ 4,990,372     $ 6,596,431  
Non-restaurant investments                     1,050,000  
Total Assets                   $ 7,646,431  
                         
Total Liabilities   $ 338,537     $ 1,779,341     $ 2,117,878  
                         
Expenditures for non-current assets   $ 2,898     $ 1,170,903     $ 1,173,801  

 

Year ended December 31, 2011

 

    Management     Restaurants     Total  
                   
Revenues   $ 496,402     $ 980,247     $ 1,476,649  
                         
Interest expense   $ 118,995     $ 64,472     $ 183,467  
                         
Depreciation and amortization   $ 8,013     $ 71,529     $ 79,542  
                         
Net loss before non-controlling interest   $ (1,035,763 )   $ (228,258 )   $ (1,264,021 )
Non-controlling interest                     101,307  
Net loss                   $ (1,162,714 )
                         
Assets   $ 950,966     $ 2,762,782     $ 3,713,748  
Non-restaurant investments                     1,084,951  
                    $ 4,798,699  
                         
Total Liabilities   $ 3,327,318     $ 985,613     $ 4,312,931  
                         
Expenditures for non-current assets   $ 2,808     $ 217,003     $ 219,811  
Schedule Of Revenue, Operating Loss, and Long Lived Assets By Geographic Area [Table Text Block]

The following are revenues, operating loss, and long-lived assets by geographic area as of and for the years ended December 31:

 

Revenue:   2012     2011  
United States   $ 130,743     $ 496,402  
South Africa     6,284,186       980,247  
Hungary     468,137       -  
    $ 6,883,066     $ 1,476,649  
                 
Operating loss:     2012       2011  
United States   $ (1,968,352 )   $ (693,552 )
South Africa     (539,178 )     (262,286 )
Hungary     (378,933 )     -  
    $ (2,886,463 )   $ (955,838 )
                 
Long-lived assets, end of year:     2012       2011  
United States   $ 1,626,903     $ 1,649,049  
South Africa     1,866,855       1,835,411  
Hungary     909,828       -  
Australia     1,066,915       672,175  
Brazil     145,555       101  
    $ 5,616,056     $ 4,156,736