Latitude 360 10-Q/A 2 Mar 15 2014 Q3 Quarterly report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 19, 2014
Document And Entity Information
Entity Registrant Name	LATITUDE 360, INC.
Entity Central Index Key	1376755
Document Type	10-Q
Document Period End Date	30-Sep-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
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		127,078,783
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2014

Unadited_Condensed_Consolidate

Unadited Condensed Consolidated Balance Sheet (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash	$84,861	$10,199
Accounts receivable	82,084	0
Other receivables	2,045,196	0
Inventories	220,540	500
Total current assets	2,432,681	10,699
Property and equipment, net	46,268,467	10,127
Idle Property nd equipment - net	2,013,696	0
Other assets	586,951	0
Total long-term assets	48,869,114	10,127
Total assets	51,301,795	20,826
Current liabilities:
Accounts payable	4,910,916	3,609
Accounts payable - construction related	7,878,634	0
Accrued expenses	5,417,124	459
Deferred rent	19,700	0
Interest payable	2,923,089	0
Obligations under capital leases	0	61,648
Due to related parties	177,798	6,041
Short-term notes payable	22,143,491	0
Total current liabilities	43,470,752	71,757
Deferred rent	243,360	0
Obligations under capital leases	22,984,756	0
Dividends payable	42,003	0
Total long-term liabilities	23,270,119	0
Total liabilties	66,740,871	71,757
Stockholders' deficit:
Series A Preferred Stock	0	0
Common Stock, par value $.001 authorized 500,000,000 shares. Issued 127,247,775 shares at September 30, 2014 and 5,721,900 shares at December 31, 2013	102,976	5,722
Additional paid-in capital	116,689,287	275,082
Accumulated deficit	-132,231,339	-331,735
Total stockholders' equity	-15,439,076	-50,931
Total liabilities and stockholders' equity	$51,301,795	$20,826

Unadited_Condensed_Consolidate1

Unadited Condensed Consolidated Balance Sheet (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Common stock par value	$0.00	$0.00
Common stock authorized	500,000,000	500,000,000
Common stock issued	127,247,775	5,721,900

Unaudited_Condensed_Statements

Unaudited Condensed Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]
Net Sales	$3,734,159	$35,832	$5,171,484	$101,695
Cost and Expenses:
Cost of Sales	819,403	17,202	1,146,098	48,543
Compensation expense	1,857,249	0	2,564,296	0
Occupancy and relates costs	964,079	0	711,143	0
Professional fees	806,920	0	1,101,087	0
Depreciation and Amortization	1,073,147	1,160	2,143,699	3,480
Selling, general and administrative expenses	2,377,235	25,386	4,080,368	70,672
Total operating expenses	7,898,033	43,748	11,746,690	122,695
Loss from operations	-4,163,874	-7,916	-6,575,206	-21,000
Other (expenses)
Interest expense	467,759	0	940,530	0
Loss on modification of indebtedness	4,906,470	0	4,906,470	0
Loss on disposition of assets	0		2,141	0
Net loss from continued operations	-9,538,103	-7,916	-12,424,347	-21,000
Loss from Discontinued Operations	-2,321	0	-72,031	0
Net loss	($9,535,782)	($7,916)	($12,352,317)	($21,000)
Basic and diluted loss per share - continuing operations	($0.10)	($0.00)	($0.10)	($0.00)
Basic and diluted loss per share - discontinued operations	$0	$0	($0.00)	$0
Total basic and diluted loss per share	($0.10)	($0.00)	($0.10)	($0.00)
Weighted Average Shares outstanding	97,726,702	5,721,900	125,491,477	5,721,900

Unaudited_Condensed_Consolidat

Unaudited Condensed Consolidated Statements of Cash Flow (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Statement of Cash Flows [Abstract]
Net Loss	($12,352,317)	($21,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Operating activities of discontinued operations	72,031	0
Net loss from operations	-12,280,286	-21,000
Depreciation and amortization expense	2,143,699	3,480
Loss on modification of debt	4,906,470	0
Gain on disposition of assets	-2,141	0
Changes in operating assets and liabilities
(Increase) decrease in accounts Receivable	-2,127,280	0
(Increase) decrease in inventories	-218,540	787
(Increase) decrease in other assets	-586,951	1,150
Increase in accounts Payable	12,789,550	2,446
Increase in accrued Expenses	5,456,261	818
Increase in interest Payable	2,923,089	0
Increase in obligations under capital leases	22,984,756	0
(Decrease) increase in deferred rent	263,060	0
Net cash (used in) provided by operating activities	36,251,687	-12,319
Cash flows from investing activities
Cost of Merger	-8,011,147	0
Purchase of Property and equipment	-50,415,914	0
Net cash (used in) investing activities	-58,427,061	0
Cash flows from financing activities -
Restricted cash reclassification	0	0
Proceeds from construction loans	0	0
Proceeds from issuance of convertible and other debt	22,143,491	0
Principal reduction in convertible and other debt	0	-14,656
Principal reduction in obligations under capital leases	0	0
Proceeds from related party advances	0	18,853
Repayments on related party advances	110,424	0
Net cash provided by (used in) financing activities	22,253,915	4,197
Net (decrease) increase in cash	78,541	-8,122
Beginning balance - cash	6,320	22,160
Ending balance - cash	84,861	14,038
Suplplemental Information
Interest expense paid	16,964	0
Income taxes paid	$0	$0

1_DESCRIPTION_OF_BUSINESS

1. DESCRIPTION OF BUSINESS	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	Nature of Business
	Kingdom Koncrete, Inc. (the “Company”) operates a ‘carry and go’ concrete business. The Company is located in Rockwall, Texas and was incorporated on August 22, 2006 under the laws of the State of Nevada.
	On August 22, 2006, Kingdom Koncrete, Inc. ("Koncrete Nevada"), a private holding company established under the laws of Nevada, was formed in order to acquire 100% of the outstanding common stock of Kingdom Texas.  On June 30, 2006, Koncrete Nevada issued 5,000,000 shares of common stock in exchange for a 100% equity interest in Kingdom Texas.  As a result of the share exchange, Kingdom Texas became the wholly owned subsidiary of Koncrete Nevada.  As a result, the shareholders of Kingdom Texas owned a majority of the voting stock of Koncrete Nevada.  The transaction was regarded as a reverse merger whereby Kingdom Texas was considered to be the accounting acquirer as its shareholders retained control of Koncrete Nevada after the exchange, although Koncrete Nevada is the legal parent company.  The share exchange was treated as a recapitalization of Koncrete Nevada.  As such, Kingdom Texas (and its historical financial statements) is the continuing entity for financial reporting purposes. The financial statements have been prepared as if Koncrete Nevada had always been the reporting company and, on the share exchange date, changed its name and reorganized its capital stock.
	On May 30, 2014 the Company completed its acquisition of Latitude 360, Inc., a Florida corporation (“L360”), 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. Pursuant to the Merger Agreement, on May 30, 2014, Merger Sub merged with and into L360, and L360 became a wholly-owned subsidiary of the Company (the “Merger”).
	At the effective date of the Merger, the Company issued an aggregate of 114,070,828 shares of the Company’s common stock (the “Merger Shares”) to the shareholders of L360 as consideration for the 68,278,434 common shares of L360. The Merger Shares represent approximately 98.9% of the total number of outstanding shares of the Company’s common stock.
	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	9 Months Ended
	Sep. 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 since its inception, and has an accumulated deficit of $132,231,339 at September 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 the issuance of debt and/or equity instruments and the increase in operating cash flows from revenues generated as part of various new venues that are expected to begin operations in 2015.
	Subsequent to the balance sheet date and through November 19, 2014, the Company received cash funding of approximately $363,000 through the issuance of short term notes. As of November 19, 2014, the Company has approximately $16 million in notes payable which are due periodically through calendar year 2014 and 2015.
	The accompanying 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 September 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.
	The accompanying consolidated financial statements have been prepared assuming that the company will continue as a going concern and it does not include any adjustments that might result from the outcome of this uncertainty.

3_SUMMARY_OF_SIGNIFICANT_ACCOU

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Presentation, Reorganization, and Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of Latitude 360 and its wholly owned subsidiaries including:
	Latitude 30 Group LLC (“Lat 30”) - formed in Florida on January 2, 2009,
	Latitude 39 Group LLC (“Lat 39”) - formed in Florida on December 14, 2010
	Latitude 40 Group LLC (“Lat 40”) - formed in Florida on February 2, 2011
	Latitude 42 Group LLC (“Lat 42”) - formed in Florida on December 30, 2011
	All significant intercompany accounts and transactions have been eliminated.
	Business Segment
	The Company operates two business segment which are comprised of the Company’s concrete business and its restaurant and entertainment business.
	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. At September 30, 2014 the Company had no cash equivalents.
	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. Finished goods as of September 30, 2014 totaled $220,540.
	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 during the nine months ended September 30, 2014 and 2013.
	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.
	Issuances Involving Non-cash Consideration
	All issuances of the Company’s stock for non-cash consideration have been assigned a dollar amount equaling the market value of the shares issued on the date the shares were issued for such services and property. The non-cash consideration paid pertains to additional consideration issued in the issuance of convertible debt, payment on accrued interest, employee compensation and consulting services.
	Stock Based Compensation
	The Company accounts for stock-based compensation under ASC Topic 505-50, formerly Statement of Financial Accounting Standards (“SFAS”) No. 123R, "Share-Based Payment” and SFAS No. 148, "Accounting for Stock-Based Compensation - Transition and Disclosure - An amendment to SFAS No. 123.” These standards define a fair-value-based method of accounting for stock-based compensation. In accordance with SFAS Nos. 123R and 148, the cost of stock-based compensation is measured at the grant date based on the value of the award and is recognized over the vesting period. The value of the stock-based award is determined using Black-Scholes option-pricing model, whereby compensation cost is the excess of the fair value of the award as determined by the pricing model at the grant date or other measurement date over the amount that must be paid to acquire the stock. The resulting amount is charged to expense on the straight-line basis over the period in which the Company expects to receive the benefit, which is generally the vesting period
	Loss per Share of Common Stock
	The Company reports earnings (loss) per share in accordance with Accounting Standards Codification “ASC” Topic 260-10, "Earnings per Share." Basic earnings (loss) per share is computed by dividing income (loss) available to common shareholders by the weighted average number of common shares available. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. Diluted earnings (loss) per share has not been presented since the effect of the assumed conversion of debt to purchase common shares would have an anti-dilutive effect. Potential common shares as of September 30, 2014 that have been excluded from the computation of diluted net loss per share consist of $12,309,678 of convertible debt convertible into 8,732,753 of common shares, 4,860,734 common stock options and 33,122,422 common stock warrants.
	Advertising Costs
	Advertising costs are expensed as incurred. Sponsorship costs are capitalized and amortized to expense over the sponsorship periods. Advertising costs as of September 30, 2014 and 2013 were approximately $130,000 and $2,000, respectively.
	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.
	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 September 30, 2014, the Company did not have cash in excess of FDIC limits.

4_PROPERTY_AND_EQUIPMENT

4. PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]
4. PROPERTY AND EQUIPMENT	Property and equipment consisted of the following
					Estimated Useful Lives
		September 30,
		2014
	Audio/visual	$	6,092,592			10
	Computers & software		1,087,087			3
	Equipment		1,414,661			10-May
	Vehicles		115,850			5
	Furniture		1,167,734			10
	Gaming equipment		5,736,702			5
	Leasehold improvements		19,514,494			20
	Property held under capital lease		20,588,190			20-May
			55,717,310
	Less: accumulated depreciation and amortization		(9,448,843	)
	Sub Total		46,268,467
	Idle Equipment		2,013,696
	Property and  equipment, net	$	48,282,163
	Depreciation and amortization expense for the three months ended September 30, 2014 and 2013 was $1,073,147 and $1,160, respectively. Depreciation and amortization expense for the nine months ended September 30, 2014 and 2013 was $2,143,699 and $3,480, respectively.

5_NOTES_AND_LOANS_PAYABLES

5. NOTES AND LOANS PAYABLES	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]
5. NOTES AND LOANS PAYABLES	The balance of convertible notes at September 30, 2014:
		September 30,
		2014
	Principal balance	$	12,743,028
	Accrued interest		2,923,089
			15,666,117
	Less discounts		(1,048,643	)
			14,617,474
	Other Debt
	Notes issued to private investors at interest rates ranging from 10% to 12%.		1,574,620
	Short term advances provided by private, non-institutional third parties with no specific interest or repayment terms.  These notes are used for short term working capital needs and are intended to be repaid within one year. The Company is delinquent on certain payments due on these obligations.		485,359
	Short term advances provided by officer and directors with no specific interest or repayment terms.  These notes are used for short term working capital needs and are intended to be repaid within one year. The Company is delinquent on certain payments due on these obligations.		1,813,806
	Secured note used for equipment acquisition and accrues interests at 9% per annum. The Company is delinquent on payments due on these obligations		541,748
	Secured note used for equipment acquisition and accrues interests at 10.5% per annum. The Company is delinquent on certain payments due on these obligations		3,693,577
	Secured note used for construction and accrues interests at 18% per annum. The Company is delinquent on certain payments due on these obligations		2,339,995
	Secured note used for vehicle acquisition and accrues interests at 18% per annum. Renegotiated and paid off in 2014		96,944
	Total	$	25,163,523
	Accrued interest		(2,923,089	)
	Total Short Term Notes Payables	$	22,240,434
	Of the $12,743,028 convertible debt due, $3.830.000 was due to related parties.

6_OBLIGATIONS_UNDER_CAPITAL_LE

6. OBLIGATIONS UNDER CAPITAL LEASES	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]
6. OBLIGATIONS UNDER CAPITAL LEASES	In February 2012, the Company purchased two buildings that housed venues in Jacksonville, Florida and Indianapolis, Indiana, for a total cost of $9,200,035. Simultaneous with the purchases, the Company entered into a sales/leaseback of the two buildings with an unrelated third party. Under the terms of the agreement relating to the sales/leaseback, the Company received a total of $21,000,000, of which $9,200,035 was used to fund the purchase of the two buildings; $811,398 was used to pay commission, legal fees, and other costs associated with the transaction; $7,250,000 was placed in reserve to fund the construction of the two venues; $1,525,716 was used to pay vendors; and $2,212,851 was received in cash and used as working capital.
	The Company accounted for lease of these two properties as capital leases. The initial terms of each lease is 20 years, with options to extend the lease for four successive terms of five years each.  In addition the Company leases copiers and other office equipment that are accounted for as capital leases. The assets and liabilities under capital leases are recorded at the lower of the present value of the minimum lease payments or the fair value of the asset. The assets are depreciated over the lower of their related lease terms or their estimated productive lives. Depreciation of assets under capital leases is included in depreciation expense for 2014 and 2013.
	Following is a summary of property held under capital leases:
		September 30,
		2014
	Buildings	$	18,937,348
	Equipment		81,218
			19,018,566
	Less accumulated depreciation		(1,670,258	)
		$	17,348,308
	Depreciation on assets under capital leases charged to expense in 2014 and 2013 was $715,825 and $0, respectively.
	Minimum future lease payments under the capital lease at September 30, 2014 for each of the next five years and in the aggregate are as follows:
		2014		$	4,498,014
		2015			2,309,051
		2016			2,306,583
		2017			2,488,653
		2018			2,525,250
		Thereafter			37,145,734
		Total			51,273,285
		Less accrued interest			(28,288,529	)
		Present value of net minimum		$	22,984,756

7_RELATED_PARTY_TRANSACTIONS

7. RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]
7. RELATED PARTY TRANSACTIONS	In 2014, Management through various entities controlled by them advanced the Company a total of $6,333,200 of which $4,045,000 was received in consideration for the issuance of convertible notes. The notes are convertible into the Company’s common stock at various conversion prices and are assessed interest at an annual rate of 12% with maturity dates of less than one year. During 2014, Convertible notes totaling $505,000 was converted into 565,311 shares of the Company’s common stock. The balance of the related party convertible debt is included in short term notes payable on the balance sheet and as discussed in Note 5 above. The remaining $2,288,200 received is non-interest bearing and due on demand of which $758,000 was repaid during 2014.
	As of September 30, 2014 the Company owes $1,600,000 to a director as compensation. The amount is included in the accrued expenses in the balance sheet.

8_SEGMENT_REPORTING

8. SEGMENT REPORTING	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements
8. SEGMENT REPORTING	The Company’s operations are classified into two reportable segments including its concrete operations and its restaurant and entertainment operations
	For the three months ended September 30, 2014
			Revenues		Segment		Depreciation
					Operating		and amortization
					losses
	Concrete segment	$	111,549	$	8,661	$	3,480
	Restaurant and Entertainment segment	$	3,734,159	$	4,163,874	$	1,073,147
	Total	$	3,845,708	$	4,172,535	$	1,076,627

9_COMMITMENTS_AND_CONTINGENCIE

9. COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
9. COMMITMENTS AND CONTINGENCIES	Operating leases
	The Company leases 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.
	Minimum future lease payments under the operating lease obligations at September 30, 2014 for each of the next five years and in the aggregate are as follows:
	2015	$    990,750
	2016	528,778
	2017	808,692
	2018	808,692
	2019	808,692
	Thereafter	1,213,038
	Total	$5,158,642
	Rent expense for the three and nine months ended September 30, 2014 and 2013 was $368,260, and $924,805, respectively.
	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 five civil actions pending against the Company’s subsidiary in which, in each case, the plaintiff(s) seek damages in excess of $500,000. The aggregate amount sought in these cases exceeds $5 million. With respect to most of these actions, the parties are either engaged in settlement discussions or have already executed a settlement agreement. If the parties do not succeed in settling this matter, then the Company is intent on defending the action.
	On December 12, 2012, The Estate of Jerome H. Dinner commenced an action entitled Larry Grossing, Personal Representative of the Estate of Jerome H. Dinner 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. The Security Exchange Commission (SEC) brought suit against the parties responsible for the conversion of escrow funds. The company expects a restitution check in the amount of approximately $155,000 in the next 90 days from the SEC to offset this claim.
	On October 10, 2014 a complaint was filed by Craig Phillips, a former employee seeking $150,000 in severance and 2,412,574 shares of stock.  The company denies that any sums are due to Mr. Phillips as a result of his voluntary termination of his employment. The company intends to vigorously defend this action.  On November 6, 2014 the company filed a counterclaim against Mr. Phillips arising from his employment with the company indicating that there are no outstanding paychecks from the company and there are no claims from the Department of Labor.
	On October 17, 2014 the company received a demand for arbitration from Summit Trading Ltd arising from a consulting agreement between the company and Summit Trading Ltd.  Summit is seeking 3,344,988 shares of common stock of the company.  The company denies that any sum is due to Summit and will vigorously defend 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 position. The Company will continue to vigorously defend any such litigation.
	Major concentrations
	During the nine months ended September 30, 2014, one supplier represented approximately 15% of the Company’s purchases.

10_SUBSEQUENT_EVENTS

10. SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]
10. SUBSEQUENT EVENTS	On July 21, 2014, the Company announced its fourth location will be part of the Crossgates Mall located in Albany, New York. The Company expects to commence operations in mid-2015.
	On July 24, 2014, the Company entered into a lease with Duke Realty on its fifth venue located at The Shops at West End in St. Louis Park, MO. The landlord has agreed to finance the venue’s build out. The 43,000 square-foot venue is expected to commence operating in third quarter 2015.

3_SUMMARY_OF_SIGNIFICANT_ACCOU1

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2014
Summary Of Significant Accounting Policies Policies
Basis of Presentation, Reorganization, and Principles of Consolidation	The accompanying consolidated financial statements include the accounts of Latitude 360 and its wholly owned subsidiaries including:
	Latitude 30 Group LLC (“Lat 30”) - formed in Florida on January 2, 2009,
	Latitude 39 Group LLC (“Lat 39”) - formed in Florida on December 14, 2010
	Latitude 40 Group LLC (“Lat 40”) - formed in Florida on February 2, 2011
	Latitude 42 Group LLC (“Lat 42”) - formed in Florida on December 30, 2011
	All significant intercompany accounts and transactions have been eliminated.
Business Segment	The Company operates two business segment which are comprised of the Company’s concrete business and its restaurant and entertainment business.
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. At September 30, 2014 the Company had no cash equivalents.
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. Finished goods as of September 30, 2014 totaled $220,540.
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 during the nine months ended September 30, 2014 and 2013.
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.
Issuances Involving Non-cash Consideration	All issuances of the Company’s stock for non-cash consideration have been assigned a dollar amount equaling the market value of the shares issued on the date the shares were issued for such services and property. The non-cash consideration paid pertains to additional consideration issued in the issuance of convertible debt, payment on accrued interest, employee compensation and consulting services.
Stock Based Compensation	The Company accounts for stock-based compensation under ASC Topic 505-50, formerly Statement of Financial Accounting Standards (“SFAS”) No. 123R, "Share-Based Payment” and SFAS No. 148, "Accounting for Stock-Based Compensation - Transition and Disclosure - An amendment to SFAS No. 123.” These standards define a fair-value-based method of accounting for stock-based compensation. In accordance with SFAS Nos. 123R and 148, the cost of stock-based compensation is measured at the grant date based on the value of the award and is recognized over the vesting period. The value of the stock-based award is determined using Black-Scholes option-pricing model, whereby compensation cost is the excess of the fair value of the award as determined by the pricing model at the grant date or other measurement date over the amount that must be paid to acquire the stock. The resulting amount is charged to expense on the straight-line basis over the period in which the Company expects to receive the benefit, which is generally the vesting period.
Loss per Share of Common Stock	The Company reports earnings (loss) per share in accordance with Accounting Standards Codification “ASC” Topic 260-10, "Earnings per Share." Basic earnings (loss) per share is computed by dividing income (loss) available to common shareholders by the weighted average number of common shares available. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. Diluted earnings (loss) per share has not been presented since the effect of the assumed conversion of debt to purchase common shares would have an anti-dilutive effect. Potential common shares as of September 30, 2014 that have been excluded from the computation of diluted net loss per share consist of $12,309,678 of convertible debt convertible into 8,732,753 of common shares, 4,860,734 common stock options and 33,122,422 common stock warrants.
Advertising Costs	Advertising costs are expensed as incurred. Sponsorship costs are capitalized and amortized to expense over the sponsorship periods. Advertising costs as of September 30, 2014 and 2013 were approximately $130,000 and $2,000, respectively.
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.
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 September 30, 2014, the Company did not have cash in excess of FDIC limits.

4_PROPERTY_AND_EQUIPMENT_Table

4. PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2014
Property And Equipment Tables
Schedule of property and equipment					Estimated Useful Lives
		September 30,
		2014
	Audio/visual	$	6,092,592			10
	Computers & software		1,087,087			3
	Equipment		1,414,661			10-May
	Vehicles		115,850			5
	Furniture		1,167,734			10
	Gaming equipment		5,736,702			5
	Leasehold improvements		19,514,494			20
	Property held under capital lease		20,588,190			20-May
			55,717,310
	Less: accumulated depreciation and amortization		(9,448,843	)
	Sub Total		46,268,467
	Idle Equipment		2,013,696
	Property and  equipment, net	$	48,282,163

5_NOTES_AND_LOANS_PAYABLES_Tab

5. NOTES AND LOANS PAYABLES (Tables)	9 Months Ended
	Sep. 30, 2014
Notes And Loans Payables Tables
Summary of convertible notes		September 30,
		2014
	Principal balance	$	12,743,028
	Accrued interest		2,923,089
			15,666,117
	Less discounts		(1,048,643	)
			14,617,474
Summary of other debt	Notes issued to private investors at interest rates ranging from 10% to 12%.		1,574,620
	Short term advances provided by private, non-institutional third parties with no specific interest or repayment terms.  These notes are used for short term working capital needs and are intended to be repaid within one year. The Company is delinquent on certain payments due on these obligations.		485,359
	Short term advances provided by officer and directors with no specific interest or repayment terms.  These notes are used for short term working capital needs and are intended to be repaid within one year. The Company is delinquent on certain payments due on these obligations.		1,813,806
	Secured note used for equipment acquisition and accrues interests at 9% per annum. The Company is delinquent on payments due on these obligations		541,748
	Secured note used for equipment acquisition and accrues interests at 10.5% per annum. The Company is delinquent on certain payments due on these obligations		3,693,577
	Secured note used for construction and accrues interests at 18% per annum. The Company is delinquent on certain payments due on these obligations		2,339,995
	Secured note used for vehicle acquisition and accrues interests at 18% per annum. Renegotiated and paid off in 2014		96,944
	Total	$	25,163,523
	Accrued interest		(2,923,089	)
	Total Short Term Notes Payables	$	22,240,434

6_OBLIGATIONS_UNDER_CAPITAL_LE1

6. OBLIGATIONS UNDER CAPITAL LEASES (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]
Property held under capital leases		September 30,
		2014
	Buildings	$	18,937,348
	Equipment		81,218
			19,018,566
	Less accumulated depreciation		(1,670,258	)
		$	17,348,308
Minimum future lease payments		2014		$	4,498,014
		2015			2,309,051
		2016			2,306,583
		2017			2,488,653
		2018			2,525,250
		Thereafter			37,145,734
		Total			51,273,285
		Less accrued interest			(28,288,529	)
		Present value of net minimum		$	22,984,756

8_SEGMENT_REPORTING_Tables

8. SEGMENT REPORTING (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting Tables
Schedule of segments			Revenues		Segment		Depreciation
					Operating		and amortization
					losses
	Concrete segment	$	111,549	$	8,661	$	3,480
	Restaurant and Entertainment segment	$	3,734,159	$	4,163,874	$	1,073,147
	Total	$	3,845,708	$	4,172,535	$	1,076,627

10_COMMITMENTS_AND_CONTINGENCI

10. COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2014
Commitments And Contingencies Tables
Schedule of commitments and contingencies	2015	$    990,750
	2016	528,778
	2017	808,692
	2018	808,692
	2019	808,692
	Thereafter	1,213,038
	Total	$5,158,642

4_PROPERTY_AND_EQUIPMENT_Detai

4. PROPERTY AND EQUIPMENT (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Property And Equipment Details
Audio/Visual	$6,092,592
Computers & Software	1,087,087
Equipment	1,414,661
Vehicles	115,850
Furniture	1,167,734
Gaming Equipment	5,736,702
Leasehold improvements	19,514,494
Property held under capital lease	20,588,190
Property and equipment, gross	55,717,310
Less accumulated depreciation	-9,448,843
Property and Equipment, net	46,268,467	10,127
Idle Equipment	2,013,696	0
Total property and equipment, net	$48,282,163

5_NOTES_AND_LOANS_PAYABLES_Det

5. NOTES AND LOANS PAYABLES (Details) (USD $)	Sep. 30, 2014
Notes And Loans Payables Tables
Principal balance	$12,743,028
Accrued interest	2,923,089
Debt, Gross	15,666,117
Less discounts	-1,048,643
Debt, net	$14,617,474

6_OBLIGATIONS_UNDER_CAPITAL_LE2

6. OBLIGATIONS UNDER CAPITAL LEASES (Details) (USD $)	Sep. 30, 2014
Debt Disclosure [Abstract]
Buildings	$18,937,348
Equipment	81,218
Property held under capital leases, gross	19,018,566
Less accumulated depreciation	-1,670,258
Property held under capital leases, net	$17,348,308

6_OBLIGATIONS_UNDER_CAPITAL_LE3

6. OBLIGATIONS UNDER CAPITAL LEASES (Details 1) (USD $)	Sep. 30, 2014
Debt Disclosure [Abstract]
2014	$4,498,014
2015	2,309,051
2016	2,306,583
2017	2,488,653
2018	2,525,250
Thereafter	37,145,734
Total	51,273,285
Less accrued interest	-28,288,529
Present value of net minimum	$22,984,756

8_SEGMENT_REPORTING_Details

8. SEGMENT REPORTING (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Revenues	$3,845,708
Segment operating losses	4,172,535
Depreciation and amortization	1,076,627
Concrete segment
Revenues	111,549
Segment operating losses	8,661
Depreciation and amortization	3,480
Restaurant and Entertainment segment
Revenues	3,734,159
Segment operating losses	4,163,874
Depreciation and amortization	$1,073,147

9_COMMITMENTS_AND_CONTINGENCIE1

9. COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Sep. 30, 2014
Commitments And Contingencies Details
2015	$990,750
2016	528,778
2017	808,692
2018	808,692
2019	808,692
Thereafter	1,213,038
Total	$5,158,642