Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
A summary of the estimated fair value of assets acquired and liabilities assumed in the acquisition follows: Consideration Paid: | | | | | 740,000 shares of common stock | | $ | 3,611,126 | | Five year warrants to purchase 740,000 shares of common stock | | | 1,710,077 | | Total Consideration paid | | | 5,321,203 | | | | | | | Current assets, excluding cash | | $ | 274,211 | | Cash | | | 53,684 | | Property and equipment | | | 2,948,102 | | Goodwill | | | 1,653,016 | | Trade name/trademark | | | 1,784,443 | | Deposits and other assets | | | 98,035 | | Total assets acquired | | | 6,811,491 | | Liabilities assumed | | | (1,490,288) | | Net assets acquired | | $ | 5,321,203 | |
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Business Acquisition, Pro Forma Information [Table Text Block] |
The unaudited pro forma information does not purport to be indicative of the results that would have been obtained if the acquisitions had actually occurred at the beginning of the year prior to acquisition, nor of the results that may be reported in the future. | | Three months ended | | Nine months ended | | | | September 30, | | September 30, | | | | 2013 | | 2012 | | 2013 | | 2012 | | | | | | | | | | | | | | | | Net revenues | | $ | 2,350,690 | | $ | 2,378,324 | | $ | 7,135,266 | | $ | 6,406,789 | | Loss from continuing operations | | | (1,780,355) | | | (873,222) | | | (3,791,551) | | | (2,695,967) | | Loss from discontinued operations | | | (4,403) | | | (18,913) | | | (19,513) | | | (124,872) | | Loss attributable to non-controlling interest | | | (31,355) | | | (53,509) | | | (84,114) | | | (185,711) | | Net loss | | $ | (1,816,113) | | $ | (945,644) | | $ | (3,895,178) | | $ | (3,006,550) | | Net loss per share, basic and diluted | | $ | (0.49) | | $ | (0.26) | | $ | (1.05) | | $ | (1.40) | | Weighted average shares outstanding, basic and diluted | | | 3,704,526 | | | 3,698,896 | | | 3,701,804 | | | 2,153,148 |
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