Quarterly report pursuant to sections 13 or 15(d)

SUBSEQUENT EVENT - INITIAL BUSINESS TRANSACTIONAND PRIVATE PLACEMENT (Tables)

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SUBSEQUENT EVENT - INITIAL BUSINESS TRANSACTIONAND PRIVATE PLACEMENT (Tables)
 9 Months Ended
Sep. 30, 2013
SUBSEQUENT EVENT - INITIAL BUSINESS TRANSACTION AND PRIVATE PLACEMENT [Abstract]  
Pro Forma Summary Results of Operations Information
Pro Forma Summary Results of Operations Information:      
    Nine months     Year  
    Ended     ended  
    September 30, 2013     December 31, 2012  
Revenues   $ 34,722,000     $ 60,121,000  
Income from continuing operations   $ 1,864,000     $ 4,793,000  
Weighted average common shares,                
    basic and diluted     24,946,739       24,946,739  
Income from continuing operations                
    per share basic and diluted   $ 0.07     $ 0.19  

 
Pro Forma Summary Balance Sheet Information
Pro Forma Summary Balance Sheet Information:
    September 30, 2013  
    (unaudited)  
Assets:      
Current assets   $ 22,528,000  
Investment held in Trust     -  
Property and equipment, net     13,359,000  
Investments and other assets     4,502,000  
   total assets   $ 40,389,000  
         
Liabilities and Equity:        
Current liabilities   $ 12,105,000  
Deferred rent payable     5,699,000  
   total liabilities     17,804,000  
Common stock     2,000  
Additional paid in capital     27,165,000  
Deficit accumulated     (7,757,000 )
Non-controlling interest     3,175,000  
    total equity     22,585,000  
         
    total liabilities and equity   $ 40,389,000