Latitude 360 10-Q/A 22 Aug 14 2014 Q2 Quarterly report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 19, 2014
Document And Entity Information	'	'
Entity Registrant Name	'LATITUDE 360, INC.	'
Entity Central Index Key	'0001376755	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	125,240,344
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

Unadited_Condensed_Consolidate

Unadited Condensed Consolidated Balance Sheet (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current assets:	'	'
Cash	$117,344	$10,199
Accounts receivable - Trade	237,622	0
Accounts receivable - Other	1,293,269	0
Inventory	286,524	500
Prepaid expenses	22,912	0
Total current assets	1,957,672	10,699
Property and equipment, net	47,495,101	10,127
Due from related parties	2,208,452	0
Other assets	825,618	0
Total assets	52,486,843	20,826
Current liabilities:	'	'
Accounts payable	2,137,818	3,609
Accounts payable - construction related	11,027,730	0
Accrued expenses	5,077,915	459
Interest payable	4,004,947	0
Short-term notes payable	2,935,246	0
Total current liabilities	25,183,656	4,068
Deferred rent	2,149,502	0
Long Term Accounts Payable - Shareholders	0	6,041
Notes payable, net	14,501,325	0
Capital leases	23,923,752	61,648
Total liabilties	65,758,235	71,757
Stockholders' deficit:	'	'
Preferred Stock, par value $.001 authorized 20,000,000 shares, zero shares issued at June 30, 2014 and December 31, 2013	0	0
Common Stock par value $.001 authorized 500,000,000 shares. Issued 123,485,879 shares at June 30, 2014 and 5,721,900 shares at December 31, 2013	489,095	5,722
Additional paid-in capital	78,917,027	275,082
Accumulated deficit	-92,677,515	-331,735
Total stockholders' deficit	-13,271,392	-50,931
Total liabilities and stockholders' equity-deficit	$52,486,843	$20,826

Unadited_Condensed_Consolidate1

Unadited Condensed Consolidated Balance Sheet (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock par value	$0.00	$0.00
Preferred stock authorized	20,000,000	20,000,000
Preferred stock issued	0	0
Common stock par value	$0.00	$0.00
Common stock authorized	500,000,000	500,000,000
Common stock issued	123,485,879	5,721,900

Unaudited_Condensed_Statements

Unaudited Condensed Statements of Operations (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]	'	'	'	'
Gross Sales	$1,575,901	$38,433	$1,604,726	$65,863
Discounts	-148,426	0	-148,426	0
Net Sales	1,427,475	38,433	1,456,300	65,863
Cost and Expenses:	'	'	'	'
Cost of Sales	321,494	18,453	335,004	31,341
Labor	866,607	0	881,837	0
Occupancy and relates costs	119,728	0	120,006	0
Other operating expenses	203,184	0	203,903	0
Total costs	1,511,013	18,453	1,540,749	31,341
Depreciation and Amortization	733,579	1,160	734,739	2,320
Selling, general and administrative expenses	1,557,270	25,480	1,559,355	45,286
Total costs and expenses	3,801,862	45,093	3,834,843	78,947
Loss from continued operations	-2,374,386	-6,660	-2,378,544	-13,084
Other Income (expense)	'	'	'	'
Interest expense	-682,376	0	-682,376	0
Total other income (expense)	-682,376	0	-682,376	0
Loss from Discontinued Operations	12,228	0	7,104	0
Net loss	($2,386,615)	($6,660)	($2,385,648)	($13,084)
Weighted Average Shares outstanding	47,410,910	52,721,900	25,828,716	5,721,900
Basic and diluted income (loss) per share outstanding	($0.05)	$0	($0.09)	$0

Unaudited_Condensed_Consolidat

Unaudited Condensed Consolidated Statements of Cash Flow (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Statement of Cash Flows [Abstract]	'	'
Net Loss	($2,385,648)	($13,084)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	734,739	2,320
Changes in operating assets and liabilities	'	'
Accounts Receivable	52,297	0
Inventory	-29,019	1,372
Prepaid assets	-375	0
Other assets	0	1,150
Accounts Payable	36,122	18,402
Accrued Expenses	-150,377	2,194
Interest Payable	-2,361,299	0
Due to/from related parties	97,487	0
Deferred rent	-221,051	0
Net cash (used in) provided by operating activities	-4,227,124	12,354
Cash flows from investing -	'	'
Costs related to merger transaction	-126,210	2,320
Purchase of Property and equipment	-1,412,661	0
Net cash (used in) investing activities	-1,538,871	2,320
Cash flows from financing activities -	'	'
Proceeds from Equity related transactions	1,830,123	-14,656
Proceeds from issuance of Notes payable	4,043,017	0
Net cash provided by (used in) financing activities	5,873,140	-2,302
Net increase (decrease) in cash	107,145	-2,302
Cash beginning of year	10,199	22,160
Cash end of year	117,344	19,858
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:	'	'
Interest paid	4,200	0
Income taxes paid	0	0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'
Latitiude share exchange	$154,735,504	$0

1_DESCRIPTION_OF_BUSINESS

1. DESCRIPTION OF BUSINESS	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
DESCRIPTION OF BUSINESS	'
	Nature of Business
	Latitude 360 (“L360” or the “Company”), previously known as Kingdom Koncrete, Inc., is an independent, full-service entertainment company whose predecessor entity was founded in 2009 to plan, develop, construct and operate state-of-the-art, 40,000 to 70,000 square foot premier entertainment the (“venue”) while targeting “A” location commercial properties at distressed prices. A L360 location fuses an exceptional food & beverage experience with multiple entertainment options in an upscale and contemporary designed venue. Entertainment options include a dine-in luxury movie screening room (Cinegrille), a dine-in live performance theater with a full-size stage (Latitude LIVE), luxury bowling lanes (bowling/full food service to lanes), a sports theater, a main bar with small stage/dance floor (Axis bar), the latest offering in hi-tech electronic video games, and an upscale Nuevo-American casual dining restaurant and sports bar. As of June 30, 2014, the Company had three operational entertainment venues, and two under construction and scheduled to open in the fourth quarter of 2014 and the first quarter of 2015. The Company also has a “Go and Carry” concrete business as a separate operating subsidiary.
	On May 30, 2014 the Company completed its acquisition of Latitude 360, Inc., a Florida corporation (“L360 Florida”), pursuant to the Agreement and Plan of Merger (as amended, the “Merger Agreement”) dated April 8, 2014, among the Company, Latitude Global Acquisition Corp., a Florida corporation and a wholly-owned subsidiary of the Company (the “Merger Sub”), and L360 Florida. Pursuant to the Merger Agreement, on May 30, 2014, Merger Sub merged with and into L360 Florida, and L360 Florida became a wholly-owned subsidiary of the Company (the “Merger”). Copies of the Merger Agreement, Amendment No. 1 to the Merger Agreement and Amendment No. 2 to the Merger Agreement were attached to the Current Reports on Form 8-K filed by the Company with the Securities and Exchange Commission on April 9, 2014, May 5, 2014 and May 20, 2014, respectively.
	Pursuant to the terms of the Merger Agreement, at the effective time of the Merger the Company issued (or reserved for issuance) an aggregate of 154,735,504 shares of the Company’s common stock (the “Merger Shares”) to the shareholders of L360 Florida immediately prior to the effective time as consideration for the acquisition. The Merger Shares represent approximately 98.9% of the total number of outstanding shares of the Company’s common stock. Except for certain convertible securities of L360 Florida which did not convert into shares of the Company’s common stock in connection with the Merger (the “L360 Non-Converting Securities”), each outstanding share of preferred stock of L360 Florida, each warrant to purchase L360 Florida common stock, and any other security of L360 Florida exchangeable for or convertible into shares of L360 Florida common stock (the “L360 Convertible Securities”) was exchanged or converted into shares of L360 Florida common stock immediately prior to the consummation of the Merger, such that the shares of L360 Florida common stock issued upon conversion, along with the shares of the Company’s common stock underlying the L360 Non-Converting Securities, represented the right to receive a portion of the Merger Shares. Each L360 Non-Converting Security outstanding at the effective time of the Merger was automatically converted into a like convertible security, or the right to receive a like convertible security, to acquire a portion of the Merger Shares, at an exercise price per share appropriately adjusted so that the aggregate exercise price is the same as it was prior to the effective time of the Merger. The company changed its name to Latitude 360 Inc. The financial statements reflect the consolidated operations of the Company and its subsidiaries.
	Unaudited Interim Financial Statements
	The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States and applicable Securities and Exchange Commission (“SEC”) regulations for interim financial information. These financial statements are unaudited and, in the opinion of management, include all adjustments (consisting of normal recurring accruals) necessary to present fairly the balance sheets, statements of operations and statements of cash flows for the periods presented in accordance with accounting principles generally accepted in the United States. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to SEC rules and regulations. It is presumed that users of this interim financial information have read or have access to the audited financial statements and footnote disclosure for the preceding fiscal year contained in the Company’s Annual Report on Form 10-K. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.

2_MANAGEMENTS_PLANS_REGARDING_

2. MANAGEMENT'S PLANS REGARDING FUTURE OPERATIONS AND LIQUIDITY	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
2. MANAGEMENT'S PLANS REGARDING FUTURE OPERATIONS AND LIQUIDITY	'
	The Company has incurred significant losses from operations during the years ended December 31, 2013 and 2012, and on a consolidated basis has an accumulated deficit of $92,677,515 at June 30, 2014. The Company’s ability to continue its operations and to pay its obligations when they become due is contingent upon obtaining additional financing and generating positive cash flows from its operations. Management’s plans include the procurement of additional funds through debt and equity instruments and the increase in operating cash flows from revenues generated as part of various new venues expected to begin operation in the fourth quarter of 2014 and further into 2015.
	Subsequent to the balance sheet date and through August 19, 2014, the Company received cash funding of $22,800 through the issuance of short term notes and $1,382,568 through the issuance of long term notes payable.
	The accompanying unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue its operating activities. As of June 30, 2014, the Company believes that the actions presently being taken to implement its strategic plans provide the opportunity for the Company to continue its operating activities. See Note 12 to the financial statements for a discussion regarding the Company’s activities through the date of the issuance of these financial statements and Note 14 for Subsequent Events.
	The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the company will continue as a going concern and it do not include any adjustments that might result from the outcome of this uncertainty.

3_SUMMARY_OF_SIGNIFICANT_ACCOU

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	Basis of Presentation, Reorganization, and Principles of Consolidation
	Latitude 30 Group, LLC (“Latitude 30”) is a Florida limited liability company (“LLC”) formed in 2009 as the Company’s first entertainment venue in Jacksonville, Florida. This venue opened in December 2010. Prior to the reorganization in August 2011, described below, Latitude 30 was owned by a group of private investors, the majority investor being Brownstone Group, LLC (“Brownstone”). During 2010, Latitude 36 Group, LLC (“Latitude 36”) was formed as a Florida limited liability company. During 2011, Latitude 39 Group, LLC (“Latitude 39”) and Latitude 40 Group, LLC (“Latitude 40”) were formed as Florida limited liability companies. Latitude 36, Latitude 39 and Latitude 40 were formed to construct and operate family entertainment venues in Nashville, Tennessee, Indianapolis, Indiana and Pittsburgh, Pennsylvania, respectively. These three entities were owned primarily by Brownstone, with a minority group of private investors, many of which who also invested in Latitude 30.
	L360 Florida was established in June 2010 as a Florida corporation to act as a holding company for the ownership interests in Latitude 30, Latitude 36, Latitude 39 and Latitude 40 (collectively, the “Venues”) and all future venues. The majority owner of L360 was Brownstone. On August 11, 2011, L360 Florida executed an effective reorganization of its debt and equity structure to facilitate the expected future growth of the Company. Prior to the reorganization, Latitude 30 was a separate LLC issuing debt and membership units to private investors. The majority of the Latitude 30 notes were issued with membership units in Latitude 30, Latitude 36, Latitude 39 or Latitude 40 attached as additional inducements. At the time of the reorganization, Latitude 39 and Latitude 40 were in development. Latitude 36 was established for a planned future venue but had no development or operational activity. Brownstone had a majority controlling interest in all entities prior to the reorganization. To execute the reorganization, each holder of outstanding debt of Latitude 30 was given the option to exchange their outstanding debt for (1) debt of L360 Florida on similar terms, (2) L360 Florida Series A Preferred Stock with a face value of $1,000, or (3) retain the debt with Latitude 30. All of the outstanding membership units in Latitude 30, Latitude 36, Latitude 39 and Latitude 40 were exchanged at a rate of 235 common shares in L360 Florida for each membership unit. Since these are entities under common control, these transactions were accounted for on a carryover basis using net book value at that time. As a result of the reorganization, L360 Florida owns 100% of the outstanding membership units in each of the subsidiaries as of December 31, 2013.
	During the years ended December 31, 2013 and 2012, Latitude 30, Latitude 36, Latitude 39, Latitude 40 and L360 Florida were entities under common control but were historically not presented together for financial reporting purposes. As a result of the reorganization, L360 Florida became the reporting entity and U.S. generally accepted accounting principles requires retrospective combination of the entities for all periods presented as if the combination had been in effect since inception of common control. Thus, these 100% owned subsidiaries are accounted for under the consolidation method of accounting since January 1, 2010. Under this method, the subsidiaries’ balance sheets and results of operations are reflected within L360 Florida's consolidated financial statements for the years ended December 31, 2013 and 2012 and the period ending June 30, 2014 or from the inception of these subsidiaries to the respective year end. The financial statements of the Company, L360 Florida and the Company’s “Go and Carry” concrete business are referred to as consolidated financial statements.
	All significant intercompany accounts and transactions have been eliminated.
	Business Segment
	The Company operates a business segment which is comprised of the operating activities of the Venues. It also has a “Go and Carry” concrete business segment that is included in the consolidated financial statements. The “Go and Carry” concrete business contributed approximately $66,000 and $43,000 in revenue for the six months ended June 30, 2014 and the three months ended June 30, 2014, respectively.
	The Company conducts business primarily through two reportable segments: L360 and its “Go and Carry” concrete business. The Company’s management relies on internal management reporting processes that provide segment revenue, segment operating income, and segment asset information in order to make financial decisions and allocate resources.
				30-Jun-14
	Revenues:
	L360		$	1,532,752
	Go and Carry			71,974
			$	1,604,726
	Loss from operations:
	L360		$	2,366,314
	Go and Carry			12,230
			$	2,378,544
	Use of Estimates
	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with an original term of three months or less to be cash equivalents.
	Accounts Receivables — trade
	Trade receivables include amounts due from credit card sales and from customers on group events held.
	Inventories
	Inventories primarily consist of food, beverages and game redemption items. Inventories are accounted for at lower of cost or market using the average cost method. Spoilage is expensed as incurred.
	Property and Equipment
	Property and equipment is recorded at cost and is depreciated over the assets' estimated useful lives using the straight-line method. Leasehold improvements are amortized using the straight-line method over the lesser of the estimated useful life of the asset or the term of the related lease. The estimated lives for equipment, furniture and fixtures, and computers range from three to ten years. The estimated life for leasehold improvements is twenty years. The cost of repairs and maintenance are expensed when incurred, while expenditures for major betterments and additions are capitalized. Gains and or losses are recognized on disposals or sales.
	Long-Lived Assets
	The Company reviews long-lived assets and certain identifiable intangibles subject to amortization for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. There was no impairment losses recognized in 2013 or 2012.
	Licenses
	Licenses primarily consist of costs associated with liquor licenses. The costs of obtaining non-transferable liquor licenses directly issued by local government agencies for nominal fees are expensed as incurred. The costs of purchasing transferable liquor licenses through open markets in jurisdictions with a limited number of authorized liquor licenses are capitalized as indefinite-lived assets and tested for impairment at least annually. Annual liquor license renewal fees are expensed over the renewal term under taxes and licenses in the consolidated statements of operations. The Company had approximately $52,000 in capitalized liquor licenses as of June 30, 2014 included in other assets in the accompanying consolidated balance sheets.
	Revenue Recognition
	Revenues from the operation of the facilities are recognized when sales occur. The revenue from electronic gift cards is deferred when purchased by the customer and revenue is recognized when the gift cards are redeemed. This amount was not significant as of and for the periods presented.
	Our “Go and Carry” concrete business recognizes revenue in accordance with ASC 605-10, “Revenue Recognition in Financial Statements”. Revenue will be recognized only when all of the following criteria have been met:
		•	Persuasive evidence of an arrangement exists;
		•	Ownership and all risks of loss have been transferred to buyer, which is generally upon shipment;
		•	The price is fixed and determinable; and
		•	Collectibility is reasonably assured.
	Presentation of Sales Taxes
	The Company collects sales tax from customers and remits the entire amount to the respective states. The Company's accounting policy is to exclude the tax collected and remitted from revenues and cost of sales.
	Advertising Costs
	Advertising costs are expensed as incurred. Sponsorship costs are capitalized and amortized to expense over the sponsorship periods. Advertising costs as of June 30, 2014 was approximately $63,000. The Company did incur any advertising expenses for its concrete business.
	Pre-opening Costs
	The Company follows Accounting Standard Codification (ASC) Topic 720-15, "Start-up Costs" (formerly Statement of Position ("SOP") No. 98-5, "Reporting on the Costs of Start-up Activities"), which provides guidance on the financial reporting of start-up costs and organization costs. In accordance with this ASC Topic, costs of pre-opening activities and organization costs are expensed as incurred.
	Comprehensive Income (Loss)
	Comprehensive income (loss) and its components are required to be classified by their nature in the financial statements, and display the accumulated balance of other comprehensive income separately from members’ capital and non-controlling interest in the accompanying balance sheets. There are no other components of comprehensive income (loss) other than the Company’s net loss for the periods presented.
	Operating Leases
	The Company accounts for rent expense for its operating leases on the straight-line basis in accordance with ASC Topic 840, "Leases" (formerly SFAS No. 13, "Accounting for Leases"). The Company leases land and buildings that have terms expiring between 10 and 20 years. The term of the leases do not include unexercised option periods. One premise has renewal clauses of up to 15 years, exercisable at the option of the Company. The Company does not have enough history to include renewal options in its deferred rent calculation.
	Most lease agreements contain one or more of the following: tenant improvement allowances, rent holidays, rent escalation clauses and/or contingent rent provisions. The Company includes scheduled rent escalation clauses for the purpose of recognizing straight-line rent. Certain of these leases require the payment of contingent rentals based on a percentage of gross revenues, as defined, and certain other rent escalation clauses are based on the Consumer Price Index.
	Variable Interest Entities
	In June 2009, the Financial Accounting Standards Board (“FASB”) issued guidance to revise the approach to determine when a variable interest entity (VIE) should be consolidated. The new consolidation model for VIEs considers whether an entity has the power to direct the activities that most significantly impact the VIE’s economic performance and shares in the significant risks and rewards of the entity. The guidance on VIEs requires companies to continually reassess VIEs to determine if consolidation is appropriate and requires additional disclosures. The Company adopted the provisions of this VIE guidance at the beginning of fiscal year 2010.
	During 2011, Latitude 40 entered into leases with unrelated third parties for use of the land and building to be used in the operation of those venues. The assets being leased by Latitude 39 and Latitude 40 individually represent the majority of the assets held in the respective legal entity created by the landlords as leasing entities. These leasing entities were created prior to December 31, 2003. Additionally, each of the leases contains fixed price purchase options during the first five years of the respective leases. Based on the fixed price purchase options, the approximate values of these assets are $12 million as of June 30, 2014.
	In accordance with the FASB guidance, the landlords’ legal entities are considered to be VIEs with Latitude 40 as their primary beneficiary. The landlord is a private entity that is not willing to provide the information necessary to consolidate the entity in these financial statements. The Company has no involvement with the landlord other than the lease agreement and has no obligation to the landlord other than the building and land lease related costs provided in the lease agreements. Consequently, the maximum exposure to these leasing entities as of June 30, 2014 consist of future rental payments of approximately $4 million for Latitude 40, which are included in the future minimum lease payments schedule in Note 11.
	Under ASC 810-10, Consolidation, a scope exception in the VIE model applies only to an entity that both was created before December 31, 2003 and where the primary beneficiary has exercised exhaustive efforts to obtain the information and has been unsuccessful. The Company has concluded that it meets these criteria and accordingly has not consolidated the legal entity that holds the assets which Latitude 39 and Latitude 40 lease.
	Total payments to the Latitude 39 and Latitude 40 landlords for the period ending June 30, 2014 were approximately $607,000.
	Concentrations of Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash.
	The Company maintains cash balances at several banks. Accounts at each institution are insured by the Federal Deposit Insurance Corporation ("FDIC"). Interest bearing accounts are insured up to $250,000 and non-interest bearing accounts have no limitation. From time to time, the Company may have cash in financial institutions in excess of federally insured limits. As of June 30, 2014 and June 30, 2013, the Company did not have cash in excess of FDIC limits.
	Income Taxes
	The Company accounts for income taxes in accordance with ASC 740-10 Income Taxes, which requires the use of the asset and liability method in accounting for income taxes.  Under ASC 740-10, deferred tax assets and liabilities are measured based on differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse.  The Company analyzes whether it is more likely than not that deferred tax assets will be realizable.  Based on this analysis, the Company establishes a valuation allowance for amounts that are not expected to be realized.
	The Company follows the guidance included in ASC 740-10 regarding uncertainty in income taxes. The guidance establishes a recognition threshold and measurement for income tax positions recognized in an enterprise’s financial statements in accordance with accounting for income taxes. ASC 740-10 also prescribes a two-step evaluation process for tax positions.  The first step is recognition and the second step is measurement.  For recognition, an enterprise judgmentally determines whether it is more-likely-than-not that a tax position will be sustained upon examination, including resolution of related appeals or litigation processes, based on the technical merits of the position.  If the tax position meets the more-likely-than-not recognition threshold, it is measured and recognized in the financial statements as the largest amount of tax benefit that is greater than 50% likely of being realized.  If a tax position does not meet the more-likely-than-not recognition threshold, the benefit of the position is not recognized in the financial statements.
	Fair Value of Financial Instruments
	The Company complies with ASC Topic 820-10 Fair Value Measurement and Disclosures (formerly SFAS No. 157, Fair Value Measurements), which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The standard provides a consistent definition of fair value which focuses on an exit price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The topic also prioritizes, within the measurement of fair value, the use of market-based information over entity specific information and establishes a three-level hierarchy for fair value measurements based on the nature of inputs used in the valuation of an asset or liability as of the measurement date.
The three-Ievel hierarchy for fair value measurements is defined as follows:
	•	Level 1 – inputs to the valuation methodology are quoted prices (adjusted) for identical assets or liabilities in active markets;
	•	Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly including inputs in markets that are not considered to be active;
	•	Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement.
The Company's financial instruments consist primarily of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and notes payable. The carrying amounts of such financial instruments approximate their respective estimated fair value due to short-term maturities and approximate market interest rates of these instruments. The estimated fair value is not necessarily indicative of the amounts the Company would realize in a current market exchange or from future earnings or cash flows.

4_PROPERTY_AND_EQUIPMENT

4. PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment [Abstract]	'
4. PROPERTY AND EQUIPMENT	'
	Property and equipment consisted of the following at June 30, 2014 and 2013:
			6/30/14			2013		Estimated useful Lives
	Audio/Visual	$	4,824,566		$	—		10
	Computers & Software		1,082,262			675		3
	Equipment		4,047,207			173,884		10-May
	Furniture		1,161,695			—		10
	Gaming Equipment		5,741,497			—		5
	Leasehold improvements		37,989,062			7,245		20
			54,846,289			181,804
	Less accumulated depreciation		(7,351,188	)		(171,677	)
	Property and Equipment, net	$	47,495,101		$	10,127

5_SHORT_TERM_NOTES_PAYABLE

5. SHORT TERM NOTES PAYABLE	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
5. SHORT TERM NOTES PAYABLE	'
	5. SHORT TERM NOTES PAYABLE
	As of June 30, 2014 the Company had notes payable totaling $14,501,325, consisting of payables to officers/directors of $3,800,000 and third parties of $10,701,325
	Short term notes outstanding totaled $2,935,246 at June 30, 2014. These notes consisted of $1,687,900 to officers/directors and third parties of $1,247,346.
	Interest accrued on notes payable at June 30, 2014 and 2013 was $4,004,947.

6_OBLIGATIONS_UNDER_CAPITAL_LE

6. OBLIGATIONS UNDER CAPITAL LEASES	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
6. OBLIGATIONS UNDER CAPITAL LEASES	'
	The Company entered into a sales lease back transaction on its facilities located in Jacksonville, Florida (Latitude 30) and Indianapolis, Indiana (Latitude 39). The Company accounts for these two properties as capital leases. The terms of the leases are 20 years each.
	Minimum future lease payments under the capital lease at June 30, 2014 for each of the next three years and in the aggregate are as follows:
		2014	$	1,102,500
		2015	$	2,205,000
		2016	$	2,205,000
		2017 and after	$	36,871,275

7_INCOME_TAXES

7. INCOME TAXES	6 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
7. INCOME TAXES	'
	Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to amounts expected to be realized.
	In assessing the realizability of deferred tax assets, management considered whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. We have evaluated the available evidence and the likelihood of realizing the benefit of our net deferred tax assets. Management considered the schedule reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in determining this assessment. From the Company’s evaluation, it has concluded that based on the weight of available evidence, the Company is more likely than not to not realize the benefit of the deferred tax assets. Accordingly, the Company established a full valuation allowance for the deferred tax assets that will not be realized.
	The Company is subject to examination in all jurisdictions in which it operates. The Company files returns from a federal and state perspective.
	The Company did not have any unrecognized tax benefits as a result of tax positions taken during the current periods. No interest or penalties have been recorded as a result of tax uncertainties. In the event the Company was to recognize interest and penalties related to uncertain tax positions, it would be recognized in the financial statements as income tax expense.

8_RELATED_PARTY_TRANSACTIONS

8. RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
8. RELATED PARTY TRANSACTIONS	'
	The Company paid to Brownstone management and development fees related to the development of the Latitude brand. Certain costs of the Company were paid by Brownstone companies. The Company also paid certain costs for these companies. Additionally, short term cash advances were made between the Company and these companies. The net amount of these transactions is a due to related parties of approximately $2,200,000 at June 30, 2014. All transactions outlined above have been recorded in due to related parties in the accompanying consolidated balance sheets.

9_PREOPENING_EXPENSES

9. PRE-OPENING EXPENSES	6 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
9. PRE-OPENING EXPENSES	'
	Prior to opening each venue, substantial costs are incurred to develop, construct and begin operations for each venue. These costs include non-capitalizable costs related to internal labor, rent, marketing, interest, travel and utilities.

10_COMMITMENTS_AND_CONTINGENCI

10. COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
10. COMMITMENTS AND CONTINGENCIES	'
	Operating leases
	The Company leases its venue land and buildings under operating leases that have terms expiring between 10 and 20 years. The term of the lease is considered its initial obligation period, which does not include unexercised option periods. Each lease has three or four available renewal clauses of five years each, exercisable at the option of the Company. Certain leases require the payment of contingent rentals based on percentage of gross revenue. Certain leases may also include rent escalation clauses based on a fixed rate or adjustable terms such as the Consumer Price Index.
	In February 2012, the Company entered into a sale/leaseback agreement related to its Latitude 30 and Latitude 39 venues. Under the terms of the agreement, a real estate investment trust (“REIT”) provided funding to allow the Company to exercise its purchase options under existing leases for these venues. For Latitude 30, the Company exercised its purchase option under the lease, acquired the building and land, and immediately sold the building, land and leasehold improvements to the REIT. For Latitude 39, the Company exercised the purchase option and assigned the purchase right to the REIT. The REIT immediately purchased the building and land. Simultaneous to this transaction, the Company transferred all of the leasehold improvements purchased through this date to the REIT. In conjunction with these transactions, the Company entered into a master lease with the REIT for both properties for 20 years with the option to extend for four consecutive five year terms at the Company’s option. The master lease also provided tenant improvements from the REIT totaling $950,000 for Latitude 30 for the construction of a new parking garage and $6,300,000 for Latitude 39 for the completion of the build-out of that property.
	Rent expense for the month ended June 30, 2014 was approximately $130,000 and for the concrete business for the three months ended and the six months was approximately $4,600 and $8,000, respectively.
	Minimum future lease payments under operating leases at June 30, 2014 for the next three years and in the aggregate are as follows:
		2014	$	417,576
		2015		713,076
		2016		620,550
		2017 and after		3,515,550
			$	5,266,752
	Escrowed Funds
	During 2010, the Company entered into a loan agreement with a trust (the "Loan Agreement") to assist the Company in executing a construction loan with a financial institution. Under the terms of the Loan Agreement, the trust deposited $775,000 into an escrow account with release of the funds contingent on the execution of a construction loan and the proceeds of the construction loan received by the Company. These escrowed funds were improperly released without the permission of the Company and the Company never received proceeds from the proposed construction loan or any other direct or indirect benefit from the escrowed funds. It was later determined that the improper release of the escrow funds were part of a larger scheme under investigation by the Securities and Exchange Commission ("SEC"). On November 30, 2011, the SEC filed a complaint for securities fraud against multiple parties including the counterparties to this transaction. In an effort to assist the trust in recovering the escrow deposit, the Company, as a party to the escrow agreement, has also filed suit against the counterparties involved in the transaction. Should the Company prevail in the suit, the proceeds would be used to reimburse the trust for the escrow deposit.
	There has been no claim filed by the trust against the Company for recovery of these funds. The Company, in consultation with legal counsel, does not believe that it has an obligation to repay these funds to the trust and accordingly has not recorded any liability as of June 30, 2014 .
	Litigation
	In the ordinary course of conducting its business, the Company is exposed to litigation risks from time to time that can have significant adverse effects upon our financial and operating condition, which in turn could have a material adverse effect on our ability to continue as a going concern.
	At any given time there may be numerous civil actions initiated against the Company and/or its subsidiaries. Currently there are four civil actions pending against the Company’s subsidiary in which, in each case, the plaintiff(s) seek damages in excess of $250,000. The aggregate amount sought in these cases exceeds $3 million. With respect to most of these actions, the parties are either engaged in settlement discussions or have already executed a settlement agreement. One of the actions seeks $1.4 million in damages. If the parties do not succeed in settling this matter, then the Company is intent on defending the action. Nevertheless, if one or more of the pending lawsuits, or any lawsuits in the future, are adjudicated in a manner adverse to the Company and/or its subsidiary’s interests, or if a settlement of any lawsuit requires the Company to pay a significant amount, the result could have an adverse impact on the Company’s overall financial statements. The Company will continue to vigorously defend any such litigation.
	Additionally, on December 12, 2012, The Estate of Jerome H. Denner commenced an action entitled Larry Grossinger, Personal Representative of the Estate of Jerome H. Denner v. The Brownstone Group, LLC and Latitude 30 Group, LLC, case no. 2012-CA-013255, Duval County Circuit Court, Florida. The lawsuit alleges that the Brownstone Group, LLC and Latitude 30 Group, LLC, on June 25, 2010, executed a promissory note in the principal amount of $879,807.54 and that the note was not paid on the maturity date of December 31, 2010. The suit seeks money damages in the amount of $879,807.54 plus interest and attorneys’ fees. Latitude 30 Group, LLC intends to vigorously defend the action on the ground that most of plaintiff’s funds were provided by plaintiff’s attorney in fact to an escrow agent who converted the monies and failed to make restitution to the plaintiff. Latitude 30 Group, LLC has repaid the plaintiff all of the funds the escrow agent disbursed to Latitude 30 Group, LLC, and Latitude 30 Group, LLC asserts that it is not liable to repay the other funds that were converted by the escrow agent in the approximate amount of $775,000. There can be no assurance given that Latitude 30 Group, LLC will prevail in this litigation and in the event that Brownstone Group, LLC and Latitude 30 Group, LLC are found liable in such litigation it would have a material adverse effect on the financial condition of the Company. In addition, there can be no assurance that if such event should occur, that Latitude 30 Group, LLC will be able to look to Brownstone Group, LLC to contribute a pro rata amount to the payment of any judgment.
	Major concentrations
	During the six months ended June 30, 2014, one supplier represented approximately 16% of the Company’s purchases.

11_STOCKHOLDERS_EQUITY

11. STOCKHOLDER'S EQUITY	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
11. STOCKHOLDER'S EQUITY	'
	On May 30, 2014 the Company completed its acquisition of Latitude 360, Inc., a Florida corporation (“L360 Florida”), pursuant to the Agreement and Plan of Merger (as amended, the “Merger Agreement”) dated April 8, 2014, among the Company, Latitude Global Acquisition Corp., a Florida corporation and a wholly-owned subsidiary of the Company (the “Merger Sub”), and L360 Florida. Pursuant to the Merger Agreement, on May 30, 2014, Merger Sub merged with and into L360 Florida, and L360 Florida became a wholly-owned subsidiary of the Company (the “Merger”). Copies of the Merger Agreement, Amendment No. 1 to the Merger Agreement and Amendment No. 2 to the Merger Agreement were attached to the Current Reports on Form 8-K filed by the Company with the Securities and Exchange Commission on April 9, 2014, May 5, 2014 and May 20, 2014, respectively
	Pursuant to the terms of the Merger Agreement, at the effective time of the Merger the Company issued an aggregate of 154,735,504 shares of the Company’s common stock (the “Merger Shares”) to the shareholders of L360 immediately prior to the effective time as consideration for the acquisition. The Merger Shares represent approximately 98.9% of the total number of outstanding shares of the Company’s common stock. Except for certain convertible securities of L360 which did not convert into shares of the Company’s common stock in connection with the Merger (the “L360 Non-Converting Securities”), each outstanding share of preferred stock of L360, each warrant to purchase L360 common stock, and any other security of L360 exchangeable for or convertible into shares of L360 common stock (the “L360 Convertible Securities”) was exchanged or converted into shares of L360 common stock immediately prior to the consummation of the Merger, such that the shares of L360 common stock issued upon conversion, along with the shares of the Company’s common stock underlying the L360 Non-Converting Securities, represented the right to receive a portion of the Merger Shares. Each L360 Non-Converting Security outstanding at the effective time of the Merger was automatically converted into a like convertible security, or the right to receive a like convertible security, to acquire a portion of the Merger Shares, at an exercise price per share appropriately adjusted so that the aggregate exercise price is the same as it was prior to the effective time of the Merger.
	In addition, approximately $61,000 of debt of Kingdom Koncrete as a result of the merger. On June 24, 2014, the debt was converted by the holders and converted into 3,457,538 shares of common stock.
	Net loss per share
	Basic net loss per share is based on the weighted average number of common shares outstanding. Diluted net loss per share is based on the weighted average number of common shares and common share equivalents outstanding. Common share equivalents included in the computation represent shares issuable upon assumed exercise of outstanding stock options and warrants except when the effect of their inclusion would be anti-dilutive. As of June 30, 2014 and 2013, there were potentially dilutive securities consisting of options exercisable to purchase 7,782,900 shares of common stock and warrants exercisable to purchase 33,074,640 shares of our common stock. As the inclusion of these outstanding stock options and warrants would be anti-dilutive, they were excluded from the computation of loss per share. Accordingly, basic net loss per share and diluted net loss per share are identical for each of the periods presented in the accompanying statements of operations.

12_DISCONTINUED_OPERATION

12. DISCONTINUED OPERATION	6 Months Ended
	Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
12. DISCONTINUED OPERATION	'
	On February 22, 2012, Latitude 42 Group, LLC signed a lease for a planned 30,000 square foot venue in Warrenville, Illinois.  The build out was partially executed and a portion of the operational equipment was purchased. During the second half of 2013, L360 was approached by another operator in the same industry and to assume the obligations and takeover this location.
	In November 2013, the measurement date, management decided that it was in the Company’s best interest to sell the lease and transfer some of the equipment to the Albany, NY venue, a top 13 U.S. mall, which it felt was a more strategic location for the L360 concept. The lease termination agreement was executed on February 7, 2014 and the equipment purchased for an approximate of $2 million was transferred to the new location in April 2014.
	The Company has determined the accounting treatment for Latitude 42 is a discontinued operation and the associated expenses are separately disclosed under Discontinued Operations.

13_SUBSEQUENT_EVENTS

13. SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
13. SUBSEQUENT EVENTS	'
	Management has evaluated subsequent events through August 19, 2014, which is the date when these financial statements are available to be issued. The following significant events took place subsequent to June 30, 2014.
	On July 21, 2014, the Company announced its fourth location will be part of the Crossgates Mall, the Capital Region’s premier shopping, dining and entertainment destination. The Company expects the grand opening of its new venue will be scheduled for October 17, 2014.
	On July 24, 2014, the Company announced that it entered into a lease whereby its construction build-out costs will be funded by Duke Realty (NYSE: DRE), the owner and manager of The Shops at West End in St. Louis Park, MN. Latitude 360’s new 43,000 square-foot venue is scheduled to open during the first quarter of 2015.

3_SUMMARY_OF_SIGNIFICANT_ACCOU1

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2014
Summary Of Significant Accounting Policies Policies	'
Basis of Presentation, Reorganization, and Principles of Consolidation	'
	Latitude 30 Group, LLC (“Latitude 30”) is a Florida limited liability company (“LLC”) formed in 2009 as the Company’s first entertainment venue in Jacksonville, Florida. This venue opened in December 2010. Prior to the reorganization in August 2011, described below, Latitude 30 was owned by a group of private investors, the majority investor being Brownstone Group, LLC (“Brownstone”). During 2010, Latitude 36 Group, LLC (“Latitude 36”) was formed as a Florida limited liability company. During 2011, Latitude 39 Group, LLC (“Latitude 39”) and Latitude 40 Group, LLC (“Latitude 40”) were formed as Florida limited liability companies. Latitude 36, Latitude 39 and Latitude 40 were formed to construct and operate family entertainment venues in Nashville, Tennessee, Indianapolis, Indiana and Pittsburgh, Pennsylvania, respectively. These three entities were owned primarily by Brownstone, with a minority group of private investors, many of which who also invested in Latitude 30.
	L360 Florida was established in June 2010 as a Florida corporation to act as a holding company for the ownership interests in Latitude 30, Latitude 36, Latitude 39 and Latitude 40 (collectively, the “Venues”) and all future venues. The majority owner of L360 was Brownstone. On August 11, 2011, L360 Florida executed an effective reorganization of its debt and equity structure to facilitate the expected future growth of the Company. Prior to the reorganization, Latitude 30 was a separate LLC issuing debt and membership units to private investors. The majority of the Latitude 30 notes were issued with membership units in Latitude 30, Latitude 36, Latitude 39 or Latitude 40 attached as additional inducements. At the time of the reorganization, Latitude 39 and Latitude 40 were in development. Latitude 36 was established for a planned future venue but had no development or operational activity. Brownstone had a majority controlling interest in all entities prior to the reorganization. To execute the reorganization, each holder of outstanding debt of Latitude 30 was given the option to exchange their outstanding debt for (1) debt of L360 Florida on similar terms, (2) L360 Florida Series A Preferred Stock with a face value of $1,000, or (3) retain the debt with Latitude 30. All of the outstanding membership units in Latitude 30, Latitude 36, Latitude 39 and Latitude 40 were exchanged at a rate of 235 common shares in L360 Florida for each membership unit. Since these are entities under common control, these transactions were accounted for on a carryover basis using net book value at that time. As a result of the reorganization, L360 Florida owns 100% of the outstanding membership units in each of the subsidiaries as of December 31, 2013.
	During the years ended December 31, 2013 and 2012, Latitude 30, Latitude 36, Latitude 39, Latitude 40 and L360 Florida were entities under common control but were historically not presented together for financial reporting purposes. As a result of the reorganization, L360 Florida became the reporting entity and U.S. generally accepted accounting principles requires retrospective combination of the entities for all periods presented as if the combination had been in effect since inception of common control. Thus, these 100% owned subsidiaries are accounted for under the consolidation method of accounting since January 1, 2010. Under this method, the subsidiaries’ balance sheets and results of operations are reflected within L360 Florida's consolidated financial statements for the years ended December 31, 2013 and 2012 and the period ending June 30, 2014 or from the inception of these subsidiaries to the respective year end. The financial statements of the Company, L360 Florida and the Company’s “Go and Carry” concrete business are referred to as consolidated financial statements.
	All significant intercompany accounts and transactions have been eliminated.
Business Segment	'
	The Company operates a business segment which is comprised of the operating activities of the Venues. It also has a “Go and Carry” concrete business segment that is included in the consolidated financial statements. The “Go and Carry” concrete business contributed approximately $66,000 and $43,000 in revenue for the six months ended June 30, 2014 and the three months ended June 30, 2014, respectively.
	The Company conducts business primarily through two reportable segments: L360 and its “Go and Carry” concrete business. The Company’s management relies on internal management reporting processes that provide segment revenue, segment operating income, and segment asset information in order to make financial decisions and allocate resources.
				30-Jun-14
	Revenues:
	L360		$	1,532,752
	Go and Carry			71,974
			$	1,604,726
	Loss from operations:
	L360		$	2,366,314
	Go and Carry			12,230
			$	2,378,544
Use of Estimates	'
	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimates.
Cash and Cash Equivalents	'
	The Company considers all highly liquid investments with an original term of three months or less to be cash equivalents.
Accounts Receivables - trade	'
	Trade receivables include amounts due from credit card sales and from customers on group events held.
Inventories	'
	Inventories primarily consist of food, beverages and game redemption items. Inventories are accounted for at lower of cost or market using the average cost method. Spoilage is expensed as incurred.
Property and Equipment	'
	Property and equipment is recorded at cost and is depreciated over the assets' estimated useful lives using the straight-line method. Leasehold improvements are amortized using the straight-line method over the lesser of the estimated useful life of the asset or the term of the related lease. The estimated lives for equipment, furniture and fixtures, and computers range from three to ten years. The estimated life for leasehold improvements is twenty years. The cost of repairs and maintenance are expensed when incurred, while expenditures for major betterments and additions are capitalized. Gains and or losses are recognized on disposals or sales.
Long-Lived Assets	'
	The Company reviews long-lived assets and certain identifiable intangibles subject to amortization for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. There was no impairment losses recognized in 2013 or 2012.
Licenses	'
	Licenses primarily consist of costs associated with liquor licenses. The costs of obtaining non-transferable liquor licenses directly issued by local government agencies for nominal fees are expensed as incurred. The costs of purchasing transferable liquor licenses through open markets in jurisdictions with a limited number of authorized liquor licenses are capitalized as indefinite-lived assets and tested for impairment at least annually. Annual liquor license renewal fees are expensed over the renewal term under taxes and licenses in the consolidated statements of operations. The Company had approximately $____,000 in capitalized liquor licenses as of June 30, 2014 and $________,000 as of June 30, 2013 included in other assets in the accompanying consolidated balance sheets.
Revenue Recognition	'
	Revenues from the operation of the facilities are recognized when sales occur. The revenue from electronic gift cards is deferred when purchased by the customer and revenue is recognized when the gift cards are redeemed. This amount was not significant as of and for the periods presented.
	Our “Go and Carry” concrete business recognizes revenue in accordance with ASC 605-10, “Revenue Recognition in Financial Statements”. Revenue will be recognized only when all of the following criteria have been met:
		•	Persuasive evidence of an arrangement exists;
		•	Ownership and all risks of loss have been transferred to buyer, which is generally upon shipment;
		•	The price is fixed and determinable; and
		•	Collectibility is reasonably assured.
Presentation of Sales Taxes	'
	The Company collects sales tax from customers and remits the entire amount to the respective states. The Company's accounting policy is to exclude the tax collected and remitted from revenues and cost of sales.
Advertising Costs	'
	Advertising Costs
	Advertising costs are expensed as incurred. Sponsorship costs are capitalized and amortized to expense over the sponsorship periods. Advertising costs as of June 30, 2014 was approximately $63,000. The Company did incur any advertising expenses for its concrete business.
Pre-opening Costs	'
	The Company follows Accounting Standard Codification (ASC) Topic 720-15, "Start-up Costs" (formerly Statement of Position ("SOP") No. 98-5, "Reporting on the Costs of Start-up Activities"), which provides guidance on the financial reporting of start-up costs and organization costs. In accordance with this ASC Topic, costs of pre-opening activities and organization costs are expensed as incurred.
Comprehensive Income (Loss)	'
	Comprehensive income (loss) and its components are required to be classified by their nature in the financial statements, and display the accumulated balance of other comprehensive income separately from members’ capital and non-controlling interest in the accompanying balance sheets. There are no other components of comprehensive income (loss) other than the Company’s net loss for the periods presented.
Operating Leases	'
	The Company accounts for rent expense for its operating leases on the straight-line basis in accordance with ASC Topic 840, "Leases" (formerly SFAS No. 13, "Accounting for Leases"). The Company leases land and buildings that have terms expiring between 10 and 20 years. The term of the leases do not include unexercised option periods. One premise has renewal clauses of up to 15 years, exercisable at the option of the Company. The Company does not have enough history to include renewal options in its deferred rent calculation.
	Most lease agreements contain one or more of the following: tenant improvement allowances, rent holidays, rent escalation clauses and/or contingent rent provisions. The Company includes scheduled rent escalation clauses for the purpose of recognizing straight-line rent. Certain of these leases require the payment of contingent rentals based on a percentage of gross revenues, as defined, and certain other rent escalation clauses are based on the Consumer Price Index.
Variable Interest Entities	'
	Variable Interest Entities
	In June 2009, the Financial Accounting Standards Board (“FASB”) issued guidance to revise the approach to determine when a variable interest entity (VIE) should be consolidated. The new consolidation model for VIEs considers whether an entity has the power to direct the activities that most significantly impact the VIE’s economic performance and shares in the significant risks and rewards of the entity. The guidance on VIEs requires companies to continually reassess VIEs to determine if consolidation is appropriate and requires additional disclosures. The Company adopted the provisions of this VIE guidance at the beginning of fiscal year 2010.
	During 2011, Latitude 40 entered into leases with unrelated third parties for use of the land and building to be used in the operation of those venues. The assets being leased by Latitude 39 and Latitude 40 individually represent the majority of the assets held in the respective legal entity created by the landlords as leasing entities. These leasing entities were created prior to December 31, 2003. Additionally, each of the leases contains fixed price purchase options during the first five years of the respective leases. Based on the fixed price purchase options, the approximate values of these assets are $12 million as of June 30, 2014.
	In accordance with the FASB guidance, the landlords’ legal entities are considered to be VIEs with Latitude 40 as their primary beneficiary. The landlord is a private entity that is not willing to provide the information necessary to consolidate the entity in these financial statements. The Company has no involvement with the landlord other than the lease agreement and has no obligation to the landlord other than the building and land lease related costs provided in the lease agreements. Consequently, the maximum exposure to these leasing entities as of June 30, 2014 consist of future rental payments of approximately $4 million for Latitude 40, which are included in the future minimum lease payments schedule in Note 11.
	Under ASC 810-10, Consolidation, a scope exception in the VIE model applies only to an entity that both was created before December 31, 2003 and where the primary beneficiary has exercised exhaustive efforts to obtain the information and has been unsuccessful. The Company has concluded that it meets these criteria and accordingly has not consolidated the legal entity that holds the assets which Latitude 39 and Latitude 40 lease.
	Total payments to the Latitude 39 and Latitude 40 landlords for the period ending June 30, 2014 were approximately $607,000.
Concentrations of Credit Risk	'
	Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash.
	The Company maintains cash balances at several banks. Accounts at each institution are insured by the Federal Deposit Insurance Corporation ("FDIC"). Interest bearing accounts are insured up to $250,000 and non-interest bearing accounts have no limitation. From time to time, the Company may have cash in financial institutions in excess of federally insured limits. As of June 30, 2014 and June 30, 2013, the Company did not have cash in excess of FDIC limits.
Income Taxes	'
	Income Taxes
	The Company accounts for income taxes in accordance with ASC 740-10 Income Taxes, which requires the use of the asset and liability method in accounting for income taxes.  Under ASC 740-10, deferred tax assets and liabilities are measured based on differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates and laws that are expected to be in effect when the differences are expected to reverse.  The Company analyzes whether it is more likely than not that deferred tax assets will be realizable.  Based on this analysis, the Company establishes a valuation allowance for amounts that are not expected to be realized.
	The Company follows the guidance included in ASC 740-10 regarding uncertainty in income taxes. The guidance establishes a recognition threshold and measurement for income tax positions recognized in an enterprise’s financial statements in accordance with accounting for income taxes. ASC 740-10 also prescribes a two-step evaluation process for tax positions.  The first step is recognition and the second step is measurement.  For recognition, an enterprise judgmentally determines whether it is more-likely-than-not that a tax position will be sustained upon examination, including resolution of related appeals or litigation processes, based on the technical merits of the position.  If the tax position meets the more-likely-than-not recognition threshold, it is measured and recognized in the financial statements as the largest amount of tax benefit that is greater than 50% likely of being realized.  If a tax position does not meet the more-likely-than-not recognition threshold, the benefit of the position is not recognized in the financial statements.
Fair Value of Financial Instruments	'
	The Company complies with ASC Topic 820-10 Fair Value Measurement and Disclosures (formerly SFAS No. 157, Fair Value Measurements), which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The standard provides a consistent definition of fair value which focuses on an exit price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The topic also prioritizes, within the measurement of fair value, the use of market-based information over entity specific information and establishes a three-level hierarchy for fair value measurements based on the nature of inputs used in the valuation of an asset or liability as of the measurement date.
	The three-Ievel hierarchy for fair value measurements is defined as follows:
		•	Level 1 – inputs to the valuation methodology are quoted prices (adjusted) for identical assets or liabilities in active markets;
		•	Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly including inputs in markets that are not considered to be active;
		•	Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement.
	The Company's financial instruments consist primarily of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and notes payable. The carrying amounts of such financial instruments approximate their respective estimated fair value due to short-term maturities and approximate market interest rates of these instruments. The estimated fair value is not necessarily indicative of the amounts the Company would realize in a current market exchange or from future earnings or cash flows.

3_SUMMARY_OF_SIGNIFICANT_ACCOU2

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2014
Summary Of Significant Accounting Policies Tables	'
Schedule of segments	'
			30-Jun-14
	Revenues:
	L360	$	1,532,752
	Go and Carry		71,974
		$	1,604,726
	Loss from operations:
	L360	$	2,366,314
	Go and Carry		12,230
		$	2,378,544

4_PROPERTY_AND_EQUIPMENT_Table

4. PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2014
Property And Equipment Tables	'
Schedule of property and equipment	'
	Property and equipment consisted of the following at June 30, 2014 and 2013:
			6/30/14			2013		Estimated useful Lives
	Audio/Visual	$	4,824,566		$	—		10
	Computers & Software		1,082,262			675		3
	Equipment		4,047,207			173,884		10-May
	Furniture		1,161,695			—		10
	Gaming Equipment		5,741,497			—		5
	Leasehold improvements		37,989,062			7,245		20
			54,846,289			181,804
	Less accumulated depreciation		(7,351,188	)		(171,677	)
	Property and Equipment, net	$	47,495,101		$	10,127

6_OBLIGATIONS_UNDER_CAPITAL_LE1

6. OBLIGATIONS UNDER CAPITAL LEASES (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Minimum future lease payments	'
		2014	$	1,102,500
		2015	$	2,205,000
		2016	$	2,205,000
		2017 and after	$	36,871,275

10_COMMITMENTS_AND_CONTINGENCI1

10. COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2014
Commitments And Contingencies Tables	'
Schedule of commitments and contingencies	'
		2014	$	417,576
		2015		713,076
		2016		620,550
		2017 and after		3,515,550
				5,266,752

3_SUMMARY_OF_SIGNIFICANT_ACCOU3

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (Business Segment, USD $)	6 Months Ended
	Jun. 30, 2014
Business Segment	'
Revenues:	'
L360	$1,532,752
Go and Carry	71,974
Revenues, Total	1,604,726
Loss from operations:	'
L360	2,366,314
Go and Carry	12,230
Loss from operations, Total	$2,378,544

4_PROPERTY_AND_EQUIPMENT_Detai

4. PROPERTY AND EQUIPMENT (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Property And Equipment Details	'	'
Audio/Visual	$4,824,566	$0
Computers & Software	1,082,262	675
Equipment	4,047,207	173,884
Furniture	1,161,695	0
Gaming Equipment	5,741,497	0
Leasehold improvements	37,989,062	7,245
Property and equipment, gross	54,846,289	181,804
Less accumulated depreciation	-7,351,188	-171,677
Property and Equipment, net	$47,495,101	$10,127

6_OBLIGATIONS_UNDER_CAPITAL_LE2

6. OBLIGATIONS UNDER CAPITAL LEASES (Details) (USD $)	Jun. 30, 2014
Debt Disclosure [Abstract]	'
2014	$1,102,500
2015	2,205,000
2016	2,205,000
2017 and after	$36,871,275

10_COMMITMENTS_AND_CONTINGENCI2

10. COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Jun. 30, 2014
Commitments And Contingencies Details	'
2014	$417,576
2015	713,076
2016	620,550
2017 and after	3,515,550
Total	$5,266,752