General form of registration statement for all companies including face-amount certificate companies

INTANGIBLE ASSETS, NET

v2.4.0.6
INTANGIBLE ASSETS, NET
 12 Months Ended
Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]
6. INTANGIBLE ASSETS, NET

 

Intangible assets, net at December 31, 2011 consists of franchise fees for the Company’s South African restaurants of $475,376, less amortization of $5,212. The Company is amortizing these costs from the opening of each restaurant for the 20 year term of the franchise agreement with HOA.