Quarterly report pursuant to sections 13 or 15(d)

Discontinued operations

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Discontinued operations
 3 Months Ended
Mar. 31, 2014
Discontinued operations [Abstract]  
Discontinued operations

Note 13 - Discontinued operations:

Management decided to cease operations for the following entities: One Atlantic City (2012), STKout Midtown (2013), BBCLV (2013), Heraea (2013) and Tenjune (2014).

 

Summarized operating results related to these entities are included in discontinued operations in the accompanying consolidated statements of operations and comprehensive loss for the three months ended March 31, 2014 and 2013:

 

    Three months ended March 31,  
    2014     2013  
Revenue   $ 102,330     $ 1,257,477  
Costs and expenses     1,027,504       3,150,157  
                 
Net loss from discontinued operations   $ (925,174 )   $ (1,892,680 )