Quarterly report pursuant to Section 13 or 15(d)

SEGMENTS OF BUSINESS

 v2.3.0.11
SEGMENTS OF BUSINESS
 6 Months Ended
Jun. 30, 2011
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 9: 
SEGMENTS OF BUSINESS

The Company is organized into three segments as of June 30, 2011, two of which are active.

Management and consulting services ("Management")
The Company provides management and consulting services for small companies which are generally seeking to become publicly traded.  The Company also provides management and investment services for Investors LLC and Investors II.

Insurance and specialized financial services ("Insurance")
We have formed AFS to provide unique financial services to the restaurant, real estate development, investment advisor/asset management and philanthropic organizations.  AFS's business operation has not been activated and is expected to initially include captive insurance, CHIRA and trust services.

Operation of restaurants (South Africa) ("Restaurants")
CHL owns 50% of C&S which holds the franchise for the Republic of South Africa with HOA.  The Company is funding its 50% capital requirement for the cost of each restaurant with limited partnerships in which it retains a 20% interest and the LPs are allocated an 80% interest in revenues until the LPs receive a 20% return on their investment ("Payout").  After Payout, the Company's share of revenue reverts to 80% and the LPs to 20% of the 50% interest.  As of June 30, 2011, two restaurants opened in 2010 and a third opened at Cape Town in June of 2011.
 
 
Financial information regarding the Company's segments is as follows for the three months ended June 30, 2011 and 2010.

Three months ended June 30, 2011

   
Management
    
Insurance
    
Restaurants
    
Total
  
                         
Revenues
   $ 32,830     $ -     $ -     $ 32,830  
                                 
Interest expense
   $ 3,927     $ -     $ -     $ 3,927  
                                 
Depreciation and amortization
   $ 2,512     $ -     $ -     $ 2,512  
                                 
Profit (loss)
   $ (233,375 )   $ -     $ 6,461     $ (226,914 )
Investments and other
                             361  
                              (226,553 )
Non-controlling interest
                             566  
                            $ (225,987 )
                                 
Assets
   $ 271,025     $ -     $ 92,536     $ 363,561  
Investments
                             1,192,220  
                            $ 1,555,781  
                                 
Liabilities
   $ 638,374     $ -     $ -     $ 638,374  
                                 
Expenditures for non-current assets
   $ -     $ -     $ -     $ -  

Three months ended June 30, 2010

   
Management
    
Insurance
    
Restaurants
    
Total
  
                         
Revenues
   $ 42,921     $ -     $ -     $ 42,921  
                                 
Interest expense
   $ 62,672     $ -     $ -     $ 62,672  
                                 
Depreciation and amortization
   $ 2,774     $ -     $ -     $ 2,774  
                                 
Profit (loss)
   $ (249,603 )   $ -     $ 9,456     $ (240,147 )
Investments and other
                             125,780  
                              (114,367 )
Non-controlling interest
                             242  
                            $ (114,125 )
                                 
Assets
   $ 105,050     $ -     $ 54,419     $ 159,469  
Investments
                             1,486,141  
                            $ 1,645,610  
                                 
Liabilities
   $ 1,008,624     $ -     $ 25,000     $ 1,033,624  
                                 
Expenditures for non-current assets
   $ -     $ -     $ -     $ -  
 
 
Financial information regarding the Company's segments is as follows for the six months ended June 30, 2011 and 2010.

Six months ended June 30, 2011

   
Management
    
Insurance
    
Restaurants
    
Total
  
                         
Revenues
   $ 474,143     $ -     $ -     $ 474,143  
                                 
Interest expense
   $ 22,686     $ -     $ -     $ 22,686  
                                 
Depreciation and amortization
   $ 5,061     $ -     $ -     $ 5,061  
                                 
Profit (loss)
   $ (37,828 )   $ -     $ 11,564     $ (26,264 )
Investments and other
                             25,007  
                              (1,257 )
Non-controlling interest
                             977  
                            $ (280 )
                                 
Assets
   $ 271,025     $ -     $ 92,536     $ 363,561  
Investments
                             1,192,220  
                            $ 1,555,781  
                                 
Liabilities
   $ 638,374     $ -     $ -     $ 638,374  
                                 
Expenditures for non-current assets
   $ -     $ -     $ -     $ -  

Six months ended June 30, 2010

   
Management
    
Insurance
    
Restaurants
    
Total
  
                         
Revenues
   $ 71,254     $ -     $ -     $ 71,254  
                                 
Interest expense
   $ 76,974     $ -     $ -     $ 76,974  
                                 
Depreciation and amortization
   $ 5,508     $ -     $ -     $ 5,508  
                                 
Profit (loss)
   $ (499,793 )   $ -     $ 21,253     $ (478,540 )
Investments and other
                             133,622  
                              (344,918 )
Non-controlling interest
                             (123 )
                            $ (345,041 )
                                 
Assets
   $ 105,050     $ -     $ 54,419     $ 159,469  
Investments
                             1,486,141  
                            $ 1,645,610  
                                 
Liabilities
   $ 1,008,624     $ -     $ 25,000     $ 1,033,624  
                                 
Expenditures for non-current assets
   $ 3,628     $ -     $ -     $ 3,628