theglobe.com (TGLO) 10-Q 12 Aug 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 01, 2014
Document Information [Line Items]	'	'
Entity Registrant Name	'THEGLOBE COM INC	'
Entity Central Index Key	'0001066684	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'TGLO	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	441,484,838
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current Assets:	'	'
Cash and cash equivalents	$946	$904
Prepaid expenses	3,720	2,758
Total current assets	4,666	3,662
Current Liabilities:	'	'
Accounts payable to related party	319,320	329,820
Accrued compensation due to related parties	130,769	130,769
Accrued expenses and other current liabilities	103,217	110,117
Accrued interest due to related party	298,028	273,234
Notes payable due to related party	500,000	500,000
Net liabilities of discontinued operations	105,935	135,935
Total current liabilities	1,457,269	1,479,875
Stockholders' Deficit:	'	'
Common stock, $0.001 par value; 500,000,000 shares authorized; 441,484,838 issued and outstanding at June 30, 2014 and December 31, 2013	441,485	441,485
Additional paid-in capital	294,301,845	294,301,845
Accumulated deficit	-296,195,933	-296,219,543
Total stockholders' deficit	-1,452,603	-1,476,213
Total liabilities and stockholders’ deficit	$4,666	$3,662

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Jun. 30, 2014	Dec. 31, 2013
Common stock,par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	441,484,838	441,484,838
Common Stock, Shares, Outstanding	441,484,838	441,484,838

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net Revenue	$0	$0	$0	$0
Operating Expenses:	'	'	'	'
General and administrative	18,543	30,379	43,821	56,251
Related party transactions	60,000	60,000	120,000	120,000
Total Operating Expenses	78,543	90,379	163,821	176,251
Operating Loss from Continuing Operations	-78,543	-90,379	-163,821	-176,251
Other Income (Expense), net:	'	'	'	'
Related party interest expense	-12,465	-12,465	-24,794	-24,794
Related party other income	106,250	100,000	212,500	200,000
Nonoperating Income (Expense),Total	93,785	87,535	187,706	175,206
Income (loss) from Continuing Operations Before Income Tax	15,242	-2,844	23,885	-1,045
Income Tax Provision	0	0	0	0
Income (loss) from Continuing Operations	15,242	-2,844	23,885	-1,045
Discontinued Operations, net of tax:	-150	-150	-275	-275
Net Income (loss)	$15,092	($2,994)	$23,610	($1,320)
Income (loss) Per Share - Basic and Diluted:	'	'	'	'
Continuing Operations (in dollars per share)	$0	$0	$0	$0
Discontinued Operations (in dollars per share)	$0	$0	$0	$0
Weighted Average Common Shares Outstanding (in shares)	441,484,838	441,484,838	441,484,838	441,484,838

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash Flows from Operating Activities:	'	'
Net income (loss)	$23,610	($1,320)
Add back: loss from discontinued operations	275	275
Net income (loss) from continuing operations	23,885	-1,045
Changes in operating assets and liabilities	'	'
Prepaid and other current assets	-962	67
Accounts payable to related parties	-10,500	17,000
Accrued expenses and other current liabilities	-6,900	-10,702
Accrued interest due to related party	24,794	24,795
Net cash flows from operating activities of continuing operations	30,317	30,115
Net cash flows from operating activities of discontinued operations	-30,275	-30,274
Net cash flows from operating activities	42	-159
Net Decrease in Cash and Cash Equivalents	42	-159
Cash and Cash Equivalents, at beginning of period	904	928
Cash and Cash Equivalents, at end of period	$946	$769

ORGANIZATION_AND_SUMMARY_OF_SI

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	'
	(1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	DESCRIPTION OF THEGLOBE.COM
	theglobe.com, inc. (the “Company” or “theglobe”) was incorporated on May 1, 1995 (inception) and commenced operations on that date.  Originally, theglobe.com was an online community with registered members and users in the United States and abroad.  However, due to the deterioration of the online advertising market, the Company was forced to restructure and ceased the operations of its online community on August 15, 2001.  The Company then sold most of its remaining online and offline properties.  The Company continued to operate its Computer Games print magazine and the associated CGOnline website, as well as the e-commerce games distribution business of Chips & Bits, until their shutdown in March 2007.  On June 1, 2002, Chairman Michael S. Egan and Director Edward A. Cespedes became Chief Executive Officer and President of the Company, respectively.  On November 14, 2002, the Company entered into the Voice over Internet Protocol (“VoIP”) business by acquiring certain VoIP assets.
	On May 9, 2005, the Company exercised an option to acquire all of the outstanding capital stock of Tralliance Corporation (“Tralliance”), an entity which had been designated as the registry for the “.travel” top-level domain through an agreement with the Internet Corporation for Assigned Names and Numbers (“ICANN”).
	As more fully discussed in Note 3, “Discontinued Operations,” in March 2007, management and the Board of Directors of the Company made the decision to discontinue the operating, research and development activities of its VoIP telephony services business and terminate all of the remaining employees of that business.
	On September 29, 2008, the Company sold its Tralliance business and issued 229,000,000 shares of its Common Stock to a company controlled by Michael S. Egan, the Company’s Chairman and Chief Executive Officer.  As a result of the sale of its Tralliance business, the Company became a shell company (as defined in Rule 12b-2 of the Securities and Exchange Act of 1934) with no material operations or assets.  However, certain matters, as more fully discussed in Note 2, “Liquidity and Going Concern Considerations,” raise substantial doubt about the Company’s ability to continue as a going concern.
	PRINCIPLES OF CONSOLIDATION
	The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries from their respective dates of acquisition. All significant intercompany balances and transactions have been eliminated in consolidation.
	UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION
	The unaudited interim condensed consolidated financial statements of the Company as of June 30, 2014 and for the three and six months ended June 30, 2014 and 2013 included herein have been prepared in accordance with the instructions for Form 10-Q under the Securities Exchange Act of 1934, as amended, and Article 10 of Regulation S-X under the Securities Act of 1933, as amended. Certain information and note disclosures normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations relating to interim condensed consolidated financial statements.
	In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position of the Company at June 30, 2014 and the results of its operations and its cash flows for the three and six months ended June 30, 2014 and 2013. The results of operations and cash flows for such periods are not necessarily indicative of results expected for the full year or for any future period.
	USE OF ESTIMATES
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. These estimates and assumptions relate primarily to valuations of accounts payable and accrued expenses. Our estimates, judgments and assumptions are continually evaluated based upon available information and experience. Because of estimates inherent in the financial reporting process, actual results could differ from those estimates.  See Note 2, “Liquidity and Going Concern Considerations” for a discussion of the Company’s derecognition of certain accounts payable and accrued expenses.
	NET INCOME PER SHARE
	The Company reports basic and diluted net income per common share in accordance with FASB ASC Topic 260, "Earnings Per Share."  Basic earnings per share is computed using the weighted average number of common shares outstanding during the period. Common equivalent shares consist of the incremental common shares issuable upon the exercise of stock options and warrants (using the treasury stock method). Common equivalent shares are excluded from the calculation if their effect is anti-dilutive.
	Due to the anti-dilutive effect of potentially dilutive securities or common stock equivalents that could be issued, such securities were excluded from the diluted net loss per common share calculation for all periods presented. Such potentially dilutive securities and common stock equivalents consisted of the following for the periods ended June 30:
		2014		2013
	Options to purchase common stock		4,000,000		4,000,000
	RECENT ACCOUNTING PRONOUNCEMENTS
	Management has determined that all recently issued accounting pronouncements will not have a material impact on the Company’s financial statements or do not apply to the Company’s operations.
	RECLASSIFICATIONS
	Certain amounts in the prior year financial statements have been reclassified to conform to the current year presentation.

LIQUIDITY_AND_GOING_CONCERN_CO

LIQUIDITY AND GOING CONCERN CONSIDERATIONS	6 Months Ended
	Jun. 30, 2014
Liquidity and Going Concern Disclosure [Abstract]	'
Liquidity and Going Concern Disclosure [Text Block]	'
	(2) LIQUIDITY AND GOING CONCERN CONSIDERATIONS
	The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Accordingly, the consolidated financial statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. However, for the reasons described below, Company management does not believe that cash on hand and cash flow generated internally by the Company will be adequate to fund its limited overhead and other cash requirements beyond a short period of time. These reasons raise significant doubt about the Company’s ability to continue as a going concern.
	Since 2008, the Company was able to continue operating as a going concern due principally to funding of $500,000 received during 2008 under a Revolving Loan Agreement with an entity controlled by Michael S. Egan, its Chairman and Chief Executive Officer and total proceeds of approximately $2,069,000 received during 2009 to 2014 under an Earn-out Agreement with an entity also controlled by Mr. Egan, as well as the forbearance of its creditors.
	At June 30, 2014, the Company had a net working capital deficit of approximately $1,453,000.  Such working capital deficit included (i) a total of approximately $798,000 in principal and accrued interest owed under the aforementioned Revolving Loan Agreement; (ii) a total of approximately $319,000 in management service fees owed under a Master Services Agreement to an entity controlled by Mr. Egan; (iii) a total of approximately $131,000 of accrued officer compensation due primarily to Mr. Egan, and (iv) an aggregate of approximately $209,000 in other unsecured accounts payable and accrued expenses owed to non-related parties (of which approximately $106,000 relates to liabilities of our VoIP telephony service discontinued business). During the fourth quarter of 2013, the Company derecognized approximately $296,000 of old liabilities of its former Tralliance business, including approximately $170,000 of disputed accounts payable owed to 2 former vendors and accrued expenses totaling approximately $126,000, based upon the belief that the statute of limitations applicable to enforcement of such liabilities had lapsed. As more fully described in Note 3, “Discontinued Operations,” the Company also derecognized approximately $1,354,000 of old liabilities of its former VoIP telephony service business, including approximately $1,000,000 of disputed liabilities, during the fourth quarter of 2012 based upon our belief that the statute of limitations applicable to enforcement of such liabilities has lapsed. Additionally, the Company also wrote off approximately $85,000 of estimated contingent liabilities during the fourth quarter of 2012. Based upon the lapsing of the statute of limitations, the Company expects to derecognize approximately $84,000 of unsecured accrued expense liabilities during 2014. There can be no assurance that the holders of derecognized account payables will agree with our application of statutes of limitation to time bar claims related to such payables nor seek to assert a basis to toll or suspend the running of the otherwise applicable statutes of limitation.
	As discussed previously, on September 29, 2008, the Company (i) sold the business and substantially all of the assets of its Tralliance Corporation subsidiary to Tralliance Registry Management, and (ii) issued 229,000,000 shares of its Common Stock (the “Shares”) to Registry Management (the “Purchase Transaction”). Tralliance Registry Management and Registry Management are entities controlled by Michael S. Egan. The closing of the Purchase Transaction resulted in the cancellation of all of the Company’s remaining Convertible Debt, related accrued interest and rent and accounts payable owed to entities controlled by Mr. Egan as of the date of closing (totaling approximately $6,400,000). However, the Company continues to be obligated to repay its principal borrowings totaling $500,000, plus accrued interest at the rate of 10% per annum (approximately $298,000 as of June 30, 2014), due to an entity controlled by Mr. Egan under the aforementioned Revolving Loan Agreement. All unpaid borrowings under the Revolving Loan Agreement, as amended on May 7, 2009, including accrued interest, are due and payable by the Company in one lump sum on the earlier of (i) five business days following demand for payment, which demand can be made at anytime, or (ii) the occurrence of an event of default as defined in the Revolving Loan Agreement. The Company currently has no ability to repay this loan should a demand for payment be made by the note holder.  All borrowings under the Revolving Loan Agreement are secured by a pledge of all of the assets of the Company and its subsidiaries. Immediately after giving effect to the closing of the Purchase Transaction and the issuance of the Shares thereunder, Mr. Egan beneficially owned approximately 76% of the Company’s Common Stock and continues to beneficially own such amount at June 30, 2014.
	As additional consideration under the Purchase Transaction, Tralliance Registry Management is obligated to pay an earn-out to theglobe equal to 10% (subject to certain minimums) of Tralliance Registry Management’s net revenue (as defined) derived from “.travel” names registered by Tralliance Registry Management from September 29, 2008 through May 5, 2015 (the “Earn-out”). The minimum Earn-out payable by Tralliance Registry Management to theglobe was $300,000 in the first year of the Earn-Out, increasing by $25,000 in each subsequent year (pro-rated for the final year of the Earn-out). Due to various factors related to the collectability of Earn-out payments from Tralliance Registry Management, including the current weak financial condition of Tralliance Registry Management, and the fact that such Earn-out payments are payable to theglobe over an extended period of time (originally approximately 6 ½ years), there can be no assurance that theglobe will be able to collect the minimum Earn-out payments over the remaining life of the Earn-out.
	In connection with the closing of the Purchase Transaction, the Company also entered into a Master Services Agreement with an entity controlled by Mr. Egan whereby for a fee of $20,000 per month ($240,000 per annum) such entity will provide personnel and services to the Company so as to enable it to continue its existence as a public company without the necessity of any full-time employees of its own. Additionally, commensurate with the closing of the Purchase Transaction, Termination Agreements with each of its current executive officers, which terminated their previous and then existing employment agreements, were executed. Notwithstanding the termination of these employment agreements, each of our current executive officers and directors remain as executive officers and directors of the Company.
	Immediately following the closing of the Purchase Transaction, theglobe became a shell company with no material operations or assets, and no source of income other than under the Earn-out. As a shell company, theglobe’s operating expenses have consisted primarily of and are expected to continue to consist primarily of expenses incurred under the aforementioned Master Services Agreement and other customary public company expenses, including legal, audit and other miscellaneous public company costs.
	MANAGEMENT’S PLANS
	On a short term liquidity basis, the Company must be successful in collecting the quarterly Earn-out payments contractually due from Tralliance Registry Management on a timely basis and must receive the continued indulgence of substantially all of its creditors, primarily including the continued forbearance of Mr. Egan and related entities in making demand for payment for amounts outstanding under the Revolving Loan Agreement and the Master Services Agreement, in order to continue as a going concern.
	It is the Company’s preference to avoid filing for protection under the U.S. Bankruptcy Code. However, based upon the Company’s current financial condition as discussed above and recognizing that the Earn-out Agreement with Tralliance Registry Management terminates on May 5, 2015, management believes that additional debt or equity capital will need to be raised in order for theglobe to continue to operate as a going concern on a long-term basis. Any such capital would likely come from Mr. Egan, as the Company currently has no access to credit facilities and has traditionally relied on borrowings from related parties to meet short-term liquidity needs. Any such capital would likely result in very substantial dilution in the number of outstanding shares of the Company’s Common Stock. Given theglobe’s current financial condition, it has no intent to seek to acquire or start any new businesses at the present time.

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	'
	(3)  DISCONTINUED OPERATIONS
	In March 2007, management and the Board of Directors of the Company decided to discontinue the operating, research and development activities of its VoIP telephony services business and terminate all of the remaining employees of the business.   The Company’s decision to discontinue the operations of its VoIP telephony services business was based primarily on the historical losses sustained by this business, management’s expectations of continued losses for the foreseeable future and estimates of the amount of capital required to successfully monetize this business. All elements of its VoIP telephony services business shutdown plan were completed by the Company in 2007 except for the resolution of certain disputed vendor accounts payables, totaling approximately $1,000,000, and the payment of remaining non-disputed accounts payable. The disputed accounts payables related primarily to telecommunications network service fees charged by various former telecommunication vendors during the period from 2004 to 2007. These charges were disputed by the Company primarily due to such items as incorrect quantities, rates, in-service dates, regulatory fees/charges, late fees and contract termination charges.
	During the fourth quarter of 2012, the Company re-evaluated all remaining liabilities of its VoIP telephony services business in light of the passage of time and applicable state statute of limitation laws. Based upon this re-evaluation, the Company derecognized accounts payable liabilities related to six (6) former telecommunication vendors totaling approximately $1,354,000, including the disputed liabilities of approximately $1,000,000 discussed earlier, from its balance sheet at December 31, 2012. At June 30, 2014 and December 31, 2013, “Liabilities of Discontinued Operations” consists of a non-disputed accounts payable to one former VoIP telephony services business vendor that the Company intends to fully pay in the future on a monthly installment basis.

STOCK_OPTION_PLANS

STOCK OPTION PLANS	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	(4) STOCK OPTION PLANS
	We have several stock option plans under which nonqualified stock options may be granted to officers, directors, other employees, consultants and advisors of the Company. In general, options granted under the Company’s stock option plans expire after a ten-year period and generally vest no later than three years from the date of grant. Incentive options granted to stockholders who own greater than 10% of the total combined voting power of all classes of stock of the Company must be issued at 110% of the fair market value of the stock on the date the options are granted. As of June 30, 2014, there were approximately 5,570,141 shares available for grant under the Company’s stock option plans.
	There were no stock option grants or exercises during each of the six months ended June 30, 2014 and 2013.
	Stock option activity during the six months ended June 30, 2014 was as follows:
		Total Options		Weighted
				Average Exercise
				Price
	Outstanding at December 31, 2013		4,000,000	$	0.12
	Granted		—
	Exercised		—
	Expired		—		—
	Outstanding at June 30, 2014		4,000,000	$	0.12
	Options exercisable at June 30, 2014		4,000,000	$	0.12
	Each of the weighted-average remaining contractual terms of stock options outstanding and stock options exercisable at June 30, 2014 were 0.8 years. The aggregate intrinsic value of both options outstanding and stock options exercisable at June 30, 2014 was $0.
	Stock compensation cost is recognized on a straight-line basis over the vesting period. At June 30, 2014, there was no unrecognized compensation expense related to unvested stock options.
	The Company estimates the fair value of each stock option at the grant date by using the Black Scholes option-pricing model using the following assumptions: no dividend yield; a risk free interest rate based on the U.S. Treasury yield in effect at the time of grant; an expected option life based on historical and expected exercise behavior; and expected volatility based on the historical volatility of the Company’s stock price over a time period that is consistent with the expected life of the option.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	(5)   RELATED PARTY TRANSACTIONS
	On June 6, 2008, the Company entered into a Revolving Loan Agreement with Dancing Bear Investments, Inc. (“Dancing Bear”), pursuant to which Dancing Bear may loan up to $500,000 to the Company on a revolving basis (the “Credit Line”).   Dancing Bear is an entity controlled by Michael S. Egan, the Company’s Chairman and Chief Executive Officer.  During 2008 the Company made borrowings totaling the full amount of the $500,000 Credit Line.  At June 30, 2014, outstanding principal and accrued interest under the Credit Line totaled $500,000 and $298,000, respectively.  During both the six months ended June 30, 2014 and 2013, interest expense related to the Credit Line of approximately $25,000 was recorded.  All borrowings under the Credit Line, including accrued interest on borrowed funds at the rate of 10% per annum, were initially due and payable in one lump sum on the first anniversary of the Credit Line, or June 6, 2009, or sooner upon the occurrence of an event of default under the loan documentation.  On May 7, 2009, such repayment terms were amended so as to require the Company to repay any or all amounts due under the Credit Line in one lump sum on the earlier of (i) five business days following any demand for payment that is made on or after June 6, 2009, or (ii) the occurrence of an event of default as defined in the Revolving Credit Agreement.
	During the six months ended June 30, 2014 and 2013, the Company received minimum Earn-out installment payments totaling $212,500 and $200,000, respectively, from Tralliance Registry Management Company LLC (“Tralliance Registry Management”) under an Earn-out Agreement entered into on September 29, 2008 by and between Tralliance Registry Management and the Company.  Tralliance Registry Management is an entity controlled by Michael S. Egan, and each of our two remaining executive officers and Board members, Edward A. Cespedes, our President, and Robin S. Lebowitz, our Vice President of Finance, who own a minority interest in The Registry Management Company, LLC, the parent company of Tralliance Registry Management.
	During the six months ended June 30, 2014 and 2013, the Company paid management services fees totaling $130,500 and $103,000, respectively, to Dancing Bear under a Master Services Agreement entered into on September 29, 2008 by and between Dancing Bear and the Company.   At June 30, 2014, a total of approximately $319,000 in management service fees remains unpaid and is accrued on the Company’s condensed consolidated balance sheet.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	(6)   SUBSEQUENT EVENTS
	The Company’s management evaluated subsequent events through the time of the filing of this report on Form 10-Q. The Company’s management is not aware of any significant events that occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on its consolidated financial statements.

ORGANIZATION_AND_SUMMARY_OF_SI1

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Business Description Policy [Policy Text Block]	'
	DESCRIPTION OF THEGLOBE.COM
	theglobe.com, inc. (the “Company” or “theglobe”) was incorporated on May 1, 1995 (inception) and commenced operations on that date.  Originally, theglobe.com was an online community with registered members and users in the United States and abroad.  However, due to the deterioration of the online advertising market, the Company was forced to restructure and ceased the operations of its online community on August 15, 2001.  The Company then sold most of its remaining online and offline properties.  The Company continued to operate its Computer Games print magazine and the associated CGOnline website, as well as the e-commerce games distribution business of Chips & Bits, until their shutdown in March 2007.  On June 1, 2002, Chairman Michael S. Egan and Director Edward A. Cespedes became Chief Executive Officer and President of the Company, respectively.  On November 14, 2002, the Company entered into the Voice over Internet Protocol (“VoIP”) business by acquiring certain VoIP assets.
	On May 9, 2005, the Company exercised an option to acquire all of the outstanding capital stock of Tralliance Corporation (“Tralliance”), an entity which had been designated as the registry for the “.travel” top-level domain through an agreement with the Internet Corporation for Assigned Names and Numbers (“ICANN”).
	As more fully discussed in Note 3, “Discontinued Operations,” in March 2007, management and the Board of Directors of the Company made the decision to discontinue the operating, research and development activities of its VoIP telephony services business and terminate all of the remaining employees of that business.
	On September 29, 2008, the Company sold its Tralliance business and issued 229,000,000 shares of its Common Stock to a company controlled by Michael S. Egan, the Company’s Chairman and Chief Executive Officer.  As a result of the sale of its Tralliance business, the Company became a shell company (as defined in Rule 12b-2 of the Securities and Exchange Act of 1934) with no material operations or assets.  However, certain matters, as more fully discussed in Note 2, “Liquidity and Going Concern Considerations,” raise substantial doubt about the Company’s ability to continue as a going concern.
Consolidation, Policy [Policy Text Block]	'
	PRINCIPLES OF CONSOLIDATION
	The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries from their respective dates of acquisition. All significant intercompany balances and transactions have been eliminated in consolidation.
Interim Condensed Consolidated Financial Information Policy [Policy Text Block]	'
	UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION
	The unaudited interim condensed consolidated financial statements of the Company as of June 30, 2014 and for the three and six months ended June 30, 2014 and 2013 included herein have been prepared in accordance with the instructions for Form 10-Q under the Securities Exchange Act of 1934, as amended, and Article 10 of Regulation S-X under the Securities Act of 1933, as amended. Certain information and note disclosures normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations relating to interim condensed consolidated financial statements.
	In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position of the Company at June 30, 2014 and the results of its operations and its cash flows for the three and six months ended June 30, 2014 and 2013. The results of operations and cash flows for such periods are not necessarily indicative of results expected for the full year or for any future period.
Use of Estimates, Policy [Policy Text Block]	'
	USE OF ESTIMATES
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. These estimates and assumptions relate primarily to valuations of accounts payable and accrued expenses. Our estimates, judgments and assumptions are continually evaluated based upon available information and experience. Because of estimates inherent in the financial reporting process, actual results could differ from those estimates.  See Note 2, “Liquidity and Going Concern Considerations” for a discussion of the Company’s derecognition of certain accounts payable and accrued expenses.
Earnings Per Share, Policy [Policy Text Block]	'
	NET INCOME PER SHARE
	The Company reports basic and diluted net income per common share in accordance with FASB ASC Topic 260, "Earnings Per Share."  Basic earnings per share is computed using the weighted average number of common shares outstanding during the period. Common equivalent shares consist of the incremental common shares issuable upon the exercise of stock options and warrants (using the treasury stock method). Common equivalent shares are excluded from the calculation if their effect is anti-dilutive.
	Due to the anti-dilutive effect of potentially dilutive securities or common stock equivalents that could be issued, such securities were excluded from the diluted net loss per common share calculation for all periods presented. Such potentially dilutive securities and common stock equivalents consisted of the following for the periods ended June 30:
		2014		2013
	Options to purchase common stock		4,000,000		4,000,000
New Accounting Pronouncements, Policy [Policy Text Block]	'
	RECENT ACCOUNTING PRONOUNCEMENTS
	Management has determined that all recently issued accounting pronouncements will not have a material impact on the Company’s financial statements or do not apply to the Company’s operations.
Reclassifications Policy [Policy Text Block]	'
	RECLASSIFICATIONS
	Certain amounts in the prior year financial statements have been reclassified to conform to the current year presentation.

ORGANIZATION_AND_SUMMARY_OF_SI2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	Due to the anti-dilutive effect of potentially dilutive securities or common stock equivalents that could be issued, such securities were excluded from the diluted net loss per common share calculation for all periods presented. Such potentially dilutive securities and common stock equivalents consisted of the following for the periods ended June 30:
		2014		2013
	Options to purchase common stock		4,000,000		4,000,000

STOCK_OPTION_PLANS_Tables

STOCK OPTION PLANS (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
	Stock option activity during the six months ended June 30, 2014 was as follows:
		Total Options		Weighted
				Average Exercise
				Price
	Outstanding at December 31, 2013		4,000,000	$	0.12
	Granted		—
	Exercised		—
	Expired		—		—
	Outstanding at June 30, 2014		4,000,000	$	0.12
	Options exercisable at June 30, 2014		4,000,000	$	0.12

ORGANIZATION_AND_SUMMARY_OF_SI3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Options to purchase common stock	4,000,000	4,000,000

ORGANIZATION_AND_SUMMARY_OF_SI4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Sep. 29, 2008
Significant Accounting Policies [Line Items]	'	'	'
Entity Incorporation, Date of Incorporation	1-May-95	'	'
Common Stock, Shares Issued	441,484,838	441,484,838	229,000,000

LIQUIDITY_AND_GOING_CONCERN_CO1

LIQUIDITY AND GOING CONCERN CONSIDERATIONS (Details Textual) (USD $)	1 Months Ended	3 Months Ended		6 Months Ended	12 Months Ended
	Sep. 30, 2008	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2014	Dec. 31, 2008	Sep. 29, 2008
Liquidity And Going Concern Considerations [Line Items]	'	'	'	'	'	'
Cumulative Amount Received under Earn Out Agreement Since Inception	'	'	'	'	$500,000	'
Working Capital Deficit, Net	'	'	'	1,453,000	'	'
Total Management Service Fees	'	'	'	319,000	'	'
Accrued Officers Compensation	'	'	'	131,000	'	'
Unsecured Accounts Payable and Accrued Expenses	'	'	'	209,000	'	'
Liabilities Of Disposal Group, Including Discontinued Operation, Derecognized	'	'	'	106,000	'	'
Disputed Liabilities Of Disposal Group Accounts Payable	'	170,000	1,000,000	'	'	'
Contingent Liabilities Written Off	'	'	85,000	'	'	'
Accounts Payable Derecognised	'	296,000	'	'	'	'
Unsecured Debt, Disputed	'	'	'	84,000	'	'
Common Stock, Shares Issued	'	441,484,838	'	441,484,838	'	229,000,000
Cancellation Of Convertible Debt	6,400,000	'	'	'	'	'
Line Of Credit Facility Accrued Interest	'	'	'	298,000	'	'
Common Stock Ownership Percentage	'	'	'	76.00%	'	'
Earn-Out Payable By Subsidiary Percentage	10.00%	'	'	'	'	'
Minimum Earn-Out Payable By Subsidiary	'	'	'	300,000	'	'
Increase In Earn-Out Payable By Subsidiary	'	'	'	25,000	'	'
Management Service Fees Payable, Per Month	'	'	'	20,000	'	'
Management Service Fees Payable, Per Annum	'	'	'	240,000	'	'
Earn Out Agreement Period	'	'	'	'6 years 6 months	'	'
Accrued Liabilities, Fair Value Disclosure	'	126,000	'	'	'	'
Voip Telephony Service [Member]	'	'	'	'	'	'
Liquidity And Going Concern Considerations [Line Items]	'	'	'	'	'	'
Liabilities Of Disposal Group, Including Discontinued Operation, Derecognized	'	'	1,354,000	'	'	'
Revolving Loan Agreement One [Member]	'	'	'	'	'	'
Liquidity And Going Concern Considerations [Line Items]	'	'	'	'	'	'
Revolving Credit Facility, Principal and Accrued Interest	'	'	'	798,000	'	'
Revolving Credit Facility, Principal Repayment	500,000	'	'	'	'	'
Line of Credit Facility, Interest Rate During Period	10.00%	'	'	'	'	'
Line Of Credit Facility Accrued Interest	'	'	'	298,000	'	'
Earn Out Agreement [Member]	'	'	'	'	'	'
Liquidity And Going Concern Considerations [Line Items]	'	'	'	'	'	'
Cumulative Amount Received under Earn Out Agreement Since Inception	'	'	'	$2,069,000	'	'

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Details Textual) (VoIP Telephony Service [Member], USD $)	Dec. 31, 2012	Mar. 31, 2007
VoIP Telephony Service [Member]	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Disposal Group, Including Discontinued Operation, Accrued Liabilities	$1,354,000	'
Liabilities of Disposal Group, Disputed	'	$1,000,000

STOCK_OPTION_PLANS_Details

STOCK OPTION PLANS (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Share Based Compensation Stock Options Activity [Line Items]	'
Outstanding - Total Options	4,000,000
Granted - Total Options	0
Exercised - Total Options	0
Expired - Total Options	0
Outstanding - Total Options	4,000,000
Options exercisable - Total Options	4,000,000
Outstanding-Weighted Average Exercise Price (in dollars per share)	$0.12
Expired-Weighted Average Exercise Price (in dollars per share)	$0
Outstanding-Weighted Average Exercise Price (in dollars per share)	$0.12
Options exercisable-Weighted Average Exercise Price (in dollars per share)	$0.12

STOCK_OPTION_PLANS_Details_Tex

STOCK OPTION PLANS (Details Textual) (USD $)	6 Months Ended
	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	5,570,141
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	'9 months 18 days
Incentive Options Granted To Stockholders, Description	'Incentive options granted to stockholders who own greater than 10% of the total combined voting power of all classes of stock of the Company must be issued at 110% of the fair market value of the stock on the date the options are granted.

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Textual) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2008	Dec. 31, 2013	Jun. 06, 2008
Related Party Transaction [Line Items]	'	'	'	'	'	'	'
Long-term Line of Credit	$500,000	'	$500,000	'	'	'	$500,000
Interest Expense, Related Party	12,465	12,465	24,794	24,794	'	'	'
Line Of Credit Facility Accrued Interest	298,000	'	298,000	'	'	'	'
Line Of Credit Facility Initiation Date	'	'	29-Sep-08	'	'	'	'
Accounts Payable, Related Parties, Current	319,320	'	319,320	'	'	329,820	'
Equity Method Investment, Ownership Percentage	10.00%	'	10.00%	'	'	'	'
Interest Income From Related Parties	106,250	100,000	212,500	200,000	'	'	'
Line of Credit Facility, Maximum Amount Outstanding During Period	'	'	'	'	500,000	'	'
Service Management Costs	'	'	130,500	103,000	'	'	'
Line of Credit [Member]	'	'	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'	'	'
Interest Expense, Related Party	'	'	$25,000	$25,000	'	'	'