Quarterly report pursuant to Section 13 or 15(d)

ACQUISITION OF MAJORITY OWNED HOOTERS RESTAURANTS (RESTATED NOTE 16) (Tables)

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ACQUISITION OF MAJORITY OWNED HOOTERS RESTAURANTS (RESTATED NOTE 16) (Tables)
 6 Months Ended
Jun. 30, 2012
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
A summary of the estimated fair value of assets acquired and liabilities assumed in the acquisition follows:

 

Current assets, excluding cash and cash equivalents   $ 138,801  
Property and equipment and intangible assets     1,985,799  
    Total assets excluding cash and cash equivalents   $ 2,124,600  
Liabilities assumed     953,917  
Non-controlling interest     645,436  
Prior investment of the Company     320,247  
    Purchase price (net assets acquired)   $ 205,000  
Cash paid   $ 205,000  

 
Business Acquisition Pro Forma Information Nonrecurring Adjustments [Policy Text Block]
However, pro forma results are not necessarily indicative of the results that would have occurred if the business combination had been in effect on the dates indicated, or which may result in the future.

 

    Three Months Ended     Six Months Ended  
    June 30, 2011     June 30, 2011  
             
Net revenues   $ 1,093,134     $ 2,492,182  
Net earnings (loss)   $ (163,757 )   $ 107,465  
Net earnings (loss) per share, basic and diluted   $ (0.13 )   $ 0.10