Capstone Financial 10-K 2 May 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 24, 2016	Jun. 30, 2015
Document And Entity Information
Entity Registrant Name	CAPSTONE FINANCIAL GROUP, INC.
Entity Central Index Key	1,558,432
Document Type	10-K
Document Period End Date	Dec. 31, 2015
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?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 17,009,495
Entity Common Stock, Shares Outstanding		94,364,148
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

STATEMENT OF FINANCIAL CONDITIO

STATEMENT OF FINANCIAL CONDITION - USD ($)	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Financial instruments, at fair value	$ 13,161,718	$ 28,838,301
Cash	$ 136,849	12,685
Note receivable		603,952
Prepaid expense	$ 4,152	86,209
Furniture and equipment, net	12,645	6,500
Deposit	63,930	65,000
Total assets	13,379,294	29,612,647
LIABILITIES
Accrued expenses	267,735	48,547
Accrued interest payable - related party	135	4,431
Short term advances payable - related party	96,695	94,306
Note payable - related party	$ 68,416	1,203,552
Deferred Revenue		116,662
Put and call option liability	$ 619,122	$ 9,973,684
Income taxes payable	2,400
Deferred tax liability	4,552,107	$ 6,742,723
Total liabilities	$ 5,606,610	$ 18,183,905
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.001 par value, 2,000,000,000 shares authorized; 94,364,148 and 94,564,648 issued and outstanding as of December 31, 2015 and 2014, respectively	$ 94,565	$ 94,565
Treasury stock (500 shares of common stock at $2.03 per share, and 200,000 shares of common stock at $1.09 per share), at December 31, 2015	(219,426)
Additional paid in capital	1,176,633	$ 1,176,633
Retained earnings	6,720,912	10,157,544
Total stockholders' equity	7,772,684	11,428,742
Total liabilities and stockholders' equity	$ 13,379,294	$ 29,612,647

STATEMENT OF FINANCIAL CONDITI3

STATEMENT OF FINANCIAL CONDITION (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock par value	$ 0.001	$ 0.001
Preferred stock shares authorized	10,000,000	10,000,000
Preferred stock shares issued	0	0
Preferred stock shares outstanding	0	0
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	2,000,000,000	2,000,000,000
Common stock shares issued	94,564,648	93,025,000
Common stock shares outstanding	94,564,648	93,025,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenues
Services income	$ 116,662	$ 83,338
Other income	10,800
Interest income	14,460	$ 36,585
Total revenue	141,922	119,923
Expenses
Personnel	427,106	243,107
Professional fees	1,188,762	360,241
General and administrative	$ 1,142,357	606,740
Forgiveness of receivable - related party		1,089,617
Interest expense - related party	$ 10,859	20,916
Total operating expenses	2,769,084	2,320,621
Realized and Unrealized (Loss) Gain on Financial Instruments
Realized (loss) gain on financial instruments, net	(5,417)	1,019,326
Unrealized (loss) gain on financial instruments, net	(2,993,872)	18,855,913
(Loss) gain on financial instruments, net	(2,999,289)	19,875,239
Net (loss) income before income taxes	(5,626,451)	17,674,541
(Benefit) provision for income taxes	(2,189,819)	6,743,523
Net income ( loss)	$ (3,436,632)	$ 10,931,018
Net income (loss) per share - basic and diluted	$ (0.04)	$ 0.12
Weighted average shares outstanding - basic and diluted	94,471,801	93,890,264

STATEMENTS OF STOCKHOLDERS' EQU

STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings (Deficit)	Total
Beginning Balance at Dec. 31, 2013	$ 93,025		$ 1,353,677	$ (773,474)	$ 673,228
Beginning Balance, Shares at Dec. 31, 2013	93,025,000
Shares issued for cash	$ 1,540		1,307,160		$ 1,308,700
Shares issued for cash, Shares	1,539,648
Treasury stock, at cost
Demeed Dividend			$ (1,484,204)		$ (1,484,204)
Net income				$ 10,931,018	10,931,018
Ending Balance at Dec. 31, 2014	$ 94,565		$ 1,176,633	$ 10,157,544	11,428,742
Ending Balance, Shares at Dec. 31, 2014	94,564,648
Treasury stock, at cost		$ (219,426)			(219,426)
Treasury stock, at cost, Shares	(200,500)
Demeed Dividend
Net income				$ (3,436,632)	(3,436,632)
Ending Balance at Dec. 31, 2015	$ 94,565	$ (219,426)	$ 1,176,633	$ 6,720,912	$ 7,772,684
Ending Balance, Shares at Dec. 31, 2015	94,364,148

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (3,436,632)	$ 10,931,018
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Sale (purchase) of investments, net	3,322,732	(8,704)
Net change in unrealized gain on investment securities	2,993,872	(18,855,913)
Net change in realized (gain) on investment securities, net	$ 5,417	(1,019,326)
Forgiveness of receivable - related party		1,089,617
Depreciation	$ 2,138	333
(Increase) decrease in assets:
Note receivable	$ 400,000	(600,000)
Accrued interest receivable - related party		(32,633)
Accrued interest receivable	$ (14,460)	(3,952)
Prepaid expense	82,057	76,282
Deposits	$ 1,070	35,000
Increase (decrease) in liabilities:
Accounts payable		(12,973)
Income taxes payable	$ 2,400	800
Accrued expenses	$ 219,189	45,524
Accrued payroll liabilities		(10,537)
Accrued interest payable - related party	$ (4,296)	22,122
Deferred revenue	(116,662)	116,662
Deferred tax liability	(2,190,616)	6,742,723
Net cash provided by (used in) operating activities	1,266,209	$ (464,631)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of furniture and equipment	(8,283)
Net cash used in investing activities	$ (8,283)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock, net of offering costs		$ 1,308,700
Short term advances payable - related party	$ 2,389	94,306
Net repayments on notes payable - related party	(1,135,136)	$ (925,690)
Purchase of treasury stock	(1,015)
Net cash (used in) provided by financing activities	(1,133,762)	$ 477,316
Increase (decrease) in cash	124,164	$ 12,685
CASH AT BEGINNING OF PERIOD	12,685
CASH AT END OF PERIOD	136,849	$ 12,685
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Noncash purchase of treasury stock in satisfaction of note receivable	$ 218,411
Assets acquired in acquisition		$ (152,429)
Liabilities assumed in acquisition		1,636,633
Deemed dividend		(1,484,204)
Interest Paid	$ 10,761	$ 43,534

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Organization The business focus of Capstone Financial Group, Inc. (the "Company") is to invest in stock of other companies. The Company seeks to discover, unlock and grow value in privately-held or illiquid companies, including through the exercise of influence at a company in support of operational improvements and strategic initiatives. In some cases, the Company might be one of the largest shareholders of the other company. The Company seeks to work with the management and boards of the other companies. While the Company does not manage the day-to-day operations of these companies, the Company seeks to maintain a thorough understanding of operations and perform continual evaluations of performance and prospects on an ongoing basis. The Company may also seek to actively trade in its strategic investment positions and/or enter into private securities transactions with regard to those positions, to capitalize on price fluctuations and realize profits or minimize losses. The Company was incorporated on July 10, 2012 under the laws of the State of Nevada, as Creative App Solutions, Inc. On August 23, 2013, the Company amended its articles of incorporation and changed its name to Capstone Financial Group, Inc. Market, Credit and Liquidity Risk At December 31, 2015 and 2014 the majority of Company’s investments are focused in one entity, Twinlab Consolidated Holdings, Inc. Management believes that it will be able to liquidate a sufficient portion of its investment and/or raise additional capital to fund its obligations as and when they become due. However, no assurance can be given that market conditions in the future will continue to allow the Company to sell its investments in sufficient quantities to fund its obligations or to raise additional capital to do so. Market risk is the potential loss the Company may incur as a result of changes in the market or fair value of a particular financial instrument. Risks arise in options and warrant contracts from changes in the market or fair value of their underlying financial instruments. Credit risk is the potential loss the Company may incur as a result of the failure of a counterparty or an issuer to make payments according to the terms of a contract. Credit risk can arise from investment activities in financially distressed issuers. To manage this risk, the Company may seek to diversify its investment portfolio with respect to specific credits, sectors and asset classes. The Company is also subject to market concentration risk since a significant portion of its investment portfolio has similar characteristics, and is therefore affected similarly by changes in economic conditions.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Investments of the Company trade in thin markets and throughout the year, depending upon market conditions, may be considered inactive. As a result, the market values can be more volatile and difficult to determine relative to other securities. In addition, if the Company is required to liquidate all or a portion of its portfolio quickly, it may realize significantly less than the value at which it previously recorded its investments. Basis of Presentation The accompanying financial statements have been prepared using the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and the accounting and financial reporting conventions of the investment company industry. Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash Equivalents The Company considers any investments in short-term money market funds with original maturities of three months or less to be cash equivalents. Investments Investments primarily comprise strategic, non-controlling equity ownership interests in privately held businesses or public companies with very illiquid trading markets. These strategic investments are accounted for at fair value as determined by internal valuation guidelines and/or outside appraisals as there are no readily ascertainable fair market value prices in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946-10 and FASB ASC 820-10. Because the Company follows the financial accounting and reporting conventions of the investment company industry, it reports investments at estimated fair value. FASB ASC 820-10-65-4 provides additional guidance for estimating fair value in accordance with FASB ASC 820-10 when the volume and level of market activity for the asset or liability have significantly decreased. FASB ASC 820-10-65-4 also includes guidance on identifying circumstances that indicate a transaction is not orderly. It acknowledges that in these circumstances quoted prices may not be determinative of fair value. FASB ASC 820-10-65-4 emphasizes that even if there has been a significant decrease in the volume and level of market activity for the asset or liability and regardless of the valuation technique(s) used, the objective of a fair value measurement remains the same. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. Under FASB ASC 820-10-65-4, quoted prices for assets or liabilities in inactive markets may require adjustment due to uncertainty as to whether the underlying transactions are orderly. There is little information, if any, to evaluate if individual transactions are orderly in an inactive market. Accordingly, the Company is required to evaluate the facts and circumstances to determine whether the transaction is orderly based on the weight of the evidence. FASB ASC 820-10-65-4 does not designate a specific method for adjusting a transaction or quoted price. however, it does provide guidance for determining how much weight to give a transaction or quoted price. Price quotes derived from transactions that are not orderly are not considered to be determinative of fair value and should be given less weight, if any, when estimating fair value. In the absence of observable market data at December 31, 2015, the Company's fair value measurements included assumptions about future cash flow and appropriately risk-adjusted discount rates that it believes market participants would make in orderly market transactions. Fair Value Measurements and Valuation Methodologies GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels: • Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. • Level 2: Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; inputs to the valuation methodology include quoted prices for identical or similar assets or liabilities in markets that are not active; or inputs to the valuation methodology that are derived principally from or can be corroborated by observable market data by correlation or other means. • Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. The Company’s financial instruments are valued by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The valuation methodology for each investment type and discussion of key unobservable inputs is described below. The Company often invests in common stocks that are thinly traded where the closing trading price is not considered to be a fair indication of the value for which the Company can sell or buy the common stock. In such cases, as in the case of private-company limited liability company membership interests held by the Company, the common stock must be analyzed to determine what exit price the Company would receive when liquidating the position. These positions are classified as Level 3 securities. The significant unobservable inputs used in the fair value measurement of the Company’s Level 3 common stocks are recent open market and non open-market transactions with unrelated parties. Increases or decreases in any of those inputs in isolation would result in a lower or higher fair value measurement, respectively. The Company has warrants and call options to purchase common stock in illiquid public companies. Generally, there is no established market for these investments. The Company values these warrants and call options by using a model that takes into consideration the exercise or call price of the warrant or call option, the price of the underlying common stock and the expiration date of the warrant or call option. The significant unobservable inputs used in the fair value measurement of the Company’s warrants and call options includes the price of the underlying thinly traded common stock, duration and discount rate and volatility. Increases or decreases in the premium-to-parity would result in a higher or lower fair value measurement, respectively. Generally, when the Company invests in common stocks that are traded on the NASDAQ Markets or over-the-counter markets (such as the OTCBB, OTCQB or OTC Pink marketplaces), such common stocks are valued at the last traded price. If there is no trade on a measurement date, the Company will typically value the common stock at the closing bid price. However, in certain circumstances, the closing trading price is not considered to be a fair indication of the value for which the Company can sell the common stock. In such cases, the common stock must be analyzed to determine what exit price the Company would receive when liquidating the position. Investments in non-marketable common stocks at December 31, 2015 and December 31, 2014 were valued based, in part, on subsequent transactions with unrelated third parties and at December 31, 2015 were valued by the Company with the assistance of an independent valuation consultant. These positions are classified as Level 3 securities by the Company. From time to time, the Company has investments in private limited liability companies. Generally, there is no established market for these investments. The Company values these interests by means of both quantitative and qualitative measures, generally including the financial stability of the company, the economic rights of the interests and the economic prospects of the company. The significant unobservable input used in the fair value measurement of the Company’s limited liability company investments is the expected recovery of contributed capital. Increases or decreases in the expected recovery would result in a higher or lower fair value measurement, respectively. Derivative Financial Instruments Derivative financial instruments include call options and warrants at December 31, 2015 and December 31, 2014. Derivatives are accounted for at fair value with changes in fair value reported in operations. The significant unobservable inputs used in the fair value measurement of the Company’s derivative financial instruments include the underlying common stock, duration, volatility and discount rate, which are used in the option pricing model. Changes to any of those inputs in isolation would result in fluctuations in the fair value measurement. Investment Transaction, Related Income and Expenses Purchases and sales of investments are recorded on a trade-date basis. Realized gains and losses on investments are recognized on the first-in, first-out method. Dividend income on investments owned is recognized on the ex-dividend date, net of applicable withholding taxes. Treasury Stock Purchases The Company is authorized to repurchase shares of the Company’s common stock in private transactions from time to time. During 2015, the Company repurchased 200,500 shares at an aggregate cost of approximately $220,000, which included approximately $218,000 in satisfaction of an outstanding note receivable. Revenue Recognition The Company recognizes revenue for services when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the related service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of fees is probable. Earnings per Share The Company follows FASB ASC 260 for earnings per share. Basic earnings per common share calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation. As of December 31, 2015 and 2014, there were no dilutive common shares equivalents outstanding. Concentration Risks During the year ended December 31, 2015, the Company had $116,662 in revenue generated from one customer for consulting services and had interest income from one debtor of $14,460. During the year ended December 31, 2014, the Company had $83,338 in revenue generated from one customer for consulting services and had interest income from a related party of $36,585. Income Taxes The Company follows ASC Topic 740 for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change. Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. The Company applies a more-likely-than-not recognition threshold for all tax uncertainties. ASC Topic 740 allows the recognition of those tax benefits that have a greater than 50% likelihood of being sustained upon examination by the taxing authorities. As of December 31, 2015 the Company reviewed its tax positions and determined there were no outstanding or retroactive tax provisions with less than a 50% likelihood of being sustained upon examination by the taxing authorities. The Company is required to file Federal and New York and California state income tax returns. The Company’s tax return status will remain open until a tax return has been filed. Advertising costs Advertising costs are expensed as incurred. For the years ended December 31, 2015 and 2014, advertising costs of $53,051 and $62,816, respectively, were included in general and administrative expenses. Recent Accounting Pronouncements In May 2014, the FASB issued Accounting Standards update 2014-09, Revenue from Contracts with Customers In May 2015, the FASB issued amended guidance on the disclosures for investments in certain equities that calculate NAV per share (or its equivalent). The amendments remove the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the NAV per share practical expedient. The amendments also remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the NAV per share practical expedient. Rather, those disclosures are limited to investments for which the entity has elected to measure the fair value using that practical expedient. The guidance is effective for fiscal years beginning after December 15, 2015 and for interim periods within those years. In February 2016, the FASB issued Accounting Standards update 2016-02, Leases

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2015
Investments, All Other Investments [Abstract]
INVESTMENTS, AT FAIR VALUE	NOTE 3 – FAIR VALUE MEASUREMENTS The Company's financial instruments recorded at fair value have been categorized based upon a fair value hierarchy in accordance with accounting guidance. The following fair value hierarchy tables set forth the Company's recurring fair value measurements at December 31, 2015 and December 31, 2014. Assets and Liabilities Measured at Fair Value on a Recurring Basis December 31, 2015 Level 1 Level 2 Level 3 Total Assets Financial instruments, at fair value: Common Stocks $ — $ — $ 9,896,605 $ 9,896,605 Real Estate Company Investments — — 277,500 277,500 2014 Call Options — — 1,135,863 1,135,863 Series B Warrants — — 1,851,750 1,851,750 Total Financial instruments, at fair value — — 13,161,718 13,161,718 Total assets held at fair value $ — $ — $ 13,161,718 $ 13,161,718 Liabilities Financial instruments, at fair value: Third Party Call Options — — 619,122 619,122 Total liabilities held at fair value $ — $ — $ 619,122 $ 619,122 Assets and Liabilities Measured at Fair Value on a Recurring Basis December 31, 2014 Level 1 Level 2 Level 3 Total Assets Financial instruments, at fair value: Common Stocks $ — $ — $ 8,350,500 $ 8,350,500 2014 Call Options — — 6,312,801 6,312,801 Series A Warrants — — 9,947,368 9,947,368 Series B Warrants — — 4,227,632 4,227,632 Total Financial instruments owned, at fair value — — 28,838,301 28,838,301 Total assets held at fair value $ — $ — $ 28,838,301 $ 28,838,301 Liabilities Financial instruments, at fair value: Warrant put option — — 9,973,684 9,973,684 Total liabilities held at fair value $ — $ — $ 9,973,684 $ 9,973,684 This hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. For some products or in certain market conditions, observable inputs used in valuing certain financial assets and liabilities were unavailable. In situations where there is little, if any, market activity for an asset or liability at the measurement date, the fair value measurement objective remains to measure the financial asset at the price that would be received by the holder of the financial asset (or liability) in an orderly transaction that is not a forced liquidation or distressed sale at the measurement date. Details of the Company’s recurring fair value measurements are as follow: December 31, 2015 Cost Estimated Fair Value Unrealized Gain (Loss) ASSETS Common Stocks $ 1,004,992 $ 9,896,605 $ 8,891,613 Real Estate Company Investments 277,500 277,500 — 2014 Call Options 450 1,135,863 1,135,413 Series B Warrants — 1,851,750 1,851,750 $ 1,282,942 $ 13,161,718 $ 11,878,776 LIABILITIES Third-Party Call Options $ — $ (619,122 ) $ (619,122 ) December 31, 2014 Cost Estimated Fair Value Unrealized Gain (Loss) ASSETS Common Stocks $ 6,215 $ 8,350,500 $ 8,344,285 2014 Call Options 2,492 6,312,801 6,310,309 Series A Warrants — 9,947,368 9,947,368 Series B Warrants — 4,227,632 4,227,632 $ 8,707 $ 28,838,301 $ 28,829,594 LIABILITIES Warrant put options $ — $ (9,973,684 ) $ (9,973,684 ) For the year ended December 31, 2015, the Company recorded a net unrealized loss on financial instruments of $2,993,872 and a net realized loss on financial instruments of $5,417. For the year ended December 31, 2014, the Company recorded a net unrealized gain on financial instruments of $18,855,913 and a net realized gain on financial instruments of $1,019,326. During the first quarter of 2014, the Company purchased shares in a company traded on the OTC Markets for a total of $2,919. The Company currently categorizes these holdings as Level 3 assets. As of December 31, 2015, this investment is carried at $0 value under management’s valuation guidelines. In August 2014, the Company purchased 10,987,500 split-adjusted shares of common stock of Twinlab Consolidated Holdings, Inc. (“Twinlab”) in private transactions from 25 shareholders for total consideration of $3,296. In November 2014, the Company sold 436,681 of these shares. In August 2014, the Company purchased options to acquire 8,743,000 outstanding shares of Twinlab’s Common Stock (collectively, the “Call Options”) in a private transaction from 14 stockholders, for total consideration of $2,623. The Call Options exercise price is $0.0001 per share and the Call Options expire in August 2015. Such options are immediately exercisable and in February 2015, the Company exercised 7,244,500 of those options. In September 2014, Twinlab issued to the Company a Series A Warrant to purchase up to 52,631,579 shares of Twinlab’s Common Stock at an exercise price of $0.76 per share (the “Series A Warrant”) and a Series B Warrant to purchase up to 22,368,421 shares of Twinlab’s Common Stock at an exercise price of $0.76 per share (the “Series B Warrant”). Both the Series A Warrant and the Series B Warrant were exercisable from October 2014 through October 2017. Twinlab and the Company also entered into a Common Stock Put Agreement, dated as of September 30, 2014, as amended on December 15, 2014 (the “Put Agreement”). Pursuant to the Put Agreement, if the Company did not exercise the Series A Warrant by February 16, 2015 and thereafter at a rate of no less than 1,461,988 shares of Common Stock (“the Minimum Amount”) per month (the “Minimum Rate”) over the term of the Series A Warrant, Twinlab had the right (subject to certain conditions) to require the Company to exercise the Series A Warrant at the Minimum Rate for the duration of the Series A Warrant. In 2015, the Company sold an aggregate of 3,976,647 units of Twinlab securities to various unrelated third party accredited investors. Each unit consisted of one share of (unrestricted) Twinlab common stock and a detachable call option to purchase from the Company, for $1.00 per share, one (restricted) share of Twinlab common stock. The term of each such call option was three years from the respective unit sale date and the call option was valued at $0.156 per call option. In addition, in 2015, the Company sold an aggregate of 2,078,255 shares of Twinlab common stock (without any associated detachable call options) to various unrelated third party accredited investors, for $0.76 per share. Twinlab and the Company entered into a Compromise Agreement and Release and an Amendment No. 1 to Series B Warrant, each dated as of May 28, 2015, pursuant to which, among other things: (a) the Company surrendered the entire remaining-unexercised portion of the Series A Warrant (51,973,684 warrants) and 4,368,421 of the warrants under the Series B Warrant; (b) the Put Agreement was terminated; (c) the remaining 18,000,000 warrants under the Series B Warrant were deemed divided into four tranches, each with an associated date beyond which it would no longer be exercisable: one tranche for 2,000,000 warrant shares (no longer exercisable after November 30, 2015; such tranche of warrants expired mostly unexercised), one for 4,000,000 warrant shares (no longer exercisable after March 31, 2016; see Note 8), one for 6,000,000 warrant shares (no longer exercisable after July 31, 2016) and another for 6,000,000 warrant shares (no longer exercisable after November 30, 2016); and (d) the Company granted Twinlab three contingent call options, at $0.01 per share, to acquire Twinlab shares from the Company to the extent that upon effective expiration of the second, third and fourth tranches the Company had not exercised the warrants within such tranches (the “Contingent Call Options”). The three Contingent Call Options would be for a number of Twinlab shares equal to 25% of such unexercised warrants (i.e., a maximum of 1,000,000 shares if the Company exercised no warrants from the second tranche, a maximum of 1,500,000 shares if the Company exercised no warrants from the third tranche and a maximum of 1,500,000 shares if the Company exercised no warrants from the fourth tranche). In addition, Twinlab could not exercise a Contingent Call Option unless it had satisfied such option’s “Liquidity Condition,” namely that for each of the three or four months before the tranche’s effective expiration date Twinlab must have a financial position sufficient to show a 1.15x fixed charge coverage ratio for a certain trailing period, all as defined by Twinlab’s Credit and Security Agreement dated January 22, 2015. Twinlab also agreed in the Compromise Agreement and Release that, given that the Company has identified, and may in the future identify, to Twinlab on a confidential basis persons to whom the Company might sell the Company’s Twinlab shares, Twinlab shall not, without the Company’s prior written consent, privately place Twinlab equity securities to any persons theretofore or thereafter first introduced to Twinlab by the Company; provided that Twinlab may, without the Company’s consent, privately place Twinlab equity securities to such a person at any time after the earlier of (a) the date the entire Series B Warrant has expired and/or been exercised, or (b) the first anniversary of such particular introduction. On October 1, 2015, Twinlab and the Company entered into Amendment No. 1 to Agreement for Limited Waiver of Non-Circumvention Provision and to Compromise Agreement and Release, pursuant to which a prior agreement calling for contingent payments of cash and equity to the Company was amended to remove the Company’s right to any such contingent payments of cash and equity compensation, and in return the three Contingent Call Options were immediately cancelled. As of December 31, 2015, the Company owned less than 10% of Twinlab’s outstanding common stock. In July 2015, in exchange for $277,500, the Company acquired a 20% interest in privately-held Western New York real estate companies LC Strategic Realty, LLC and LC Strategic Holdings, LLC, as well as in all other business conducted or to be conducted by the firms’ majority holders to the extent such other business has a primary focus on (a) real estate (subject to the exclusion of certain specified projects), (b) media/entertainment/show business, or (c) endorsements/advertisements/personal appearances/use of likeness/monetization of celebrity. The following tables include a roll forward of the amounts for the year ended December 31, 2015 and for the year ended December 31, 2014 for financial instruments classified within Level 3. Level 3 Recurring Fair Value Measurements For the Twelve Months Ended December 31, 2015 Third-Party Real Estate Call Common Company 2014 Call Series A Series B Put Option Option Stock Investments Options Warrants Warrants Liability Liability Total Fair value, net, December 31, 2014 $ 8,350,500 $ — $ 6,312,801 $ 9,947,368 $ 4,227,632 $ (9,973,684 ) $ — $ 18,864,617 Total gains (losses) included in earnings: Unrealized losses (981,132 ) — (5,176,938 ) — (4,242,666 ) — — (10,400,736 ) Unrealized gains — — — — 2,366,784 — 2,855 2,369,639 Realized gains (losses) — — — (9,823,026 ) — 9,849,013 — 25,987 Exercises — — — (124,342 ) — 124,671 — 329 Purchases (1) 6,505,820 277,500 — — — — — 6,783,320 Sales (3,978,583 ) — — — (500,000 ) — (621,977 ) (5,100,560 ) Fair value, net, December 31, 2015 $ 9,896,605 $ 277,500 $ 1,135,863 $ — $ 1,851,750 $ — $ (619,122 ) $ 12,542,596 Unrealized gains (losses) still held, December 31, 2015 $ 8,891,613 $ — $ 1,135,413 $ — $ 1,851,750 $ — $ (619,122 ) 11,259,654 1 Purchases of 1,315,790 shares of Twinlab common stock were made at various dates in 2015 at $0.76 per share (upon warrant exercises) and purchases of 7,244,500 shares of Twinlab common stock were made at various dates in 2015 for nominal consideration (upon call option exercises). Level 3 Recurring Fair Value Measurements For the Twelve Months Ended December 31, 2014 Third-Party Real Estate Put Call Common Company 2014 Call Series A Series B Option Option Stock Investments Options Warrants Warrants Liability Liability Total Fair value, net, December 31, 2013 $ — $ — $ — $ — $ — $ — $ — $ — Total gains (losses) included in earnings: Unrealized losses — — — — — (9,973,684 ) — (9,973,684 ) Unrealized gains 7,327,142 — 6,310,178 9,947,368 4,227,632 — — 27,812,320 Realized gains 1,019,326 — — — — — — 1,019,326 Exercises — — — — — — — — Purchases (1) 6,215 — 2,623 — — — — 8,838 Sales (2,183 ) — — — — — — (2,183 ) Fair value, net, December 31, 2014 $ 8,350,500 $ — $ 6,312,801 $ 9,947,368 $ 4,227,632 $ (9,973,684 ) $ — $ 18,864,617 Unrealized gains (losses) still held, December 31, 2014 $ 8,344,285 $ — $ 6,310,309 $ 9,947,638 $ 4,227,632 $ (9,973,684 ) $ — $ 18,855,910 1 Purchases of Twinlab common stock were made at various dates at $0.76 per share. Quantitative information about the valuation techniques and unobservable inputs is required to be disclosed for certain recurring and nonrecurring fair value measurements. The following tables present quantitative information about the valuation techniques and unobservable inputs applied to Level 3 fair value measurements for financial instruments measured at fair value on a recurring and nonrecurring basis at December 31, 2015 and 2014. Quantitative Information about Level 3 Fair Value Measurements at December 31, 2015 Fair Valuation Unobservable Range Value Technique Inputs Assets Common Stock $ 9,896,605 Discounted cash flow Guideline company transactions method Guideline publicly-traded company method Growth rate Risk premium factors Revenue multiple EBITDA multiple 13.00%-15.20% (2.50%)-7.00% 1.10-2.10 9.30-13.80 2014 Call Options 1,135,863 Discounted cash flow Guideline company transactions method Guideline publicly-traded company method Growth rate Risk premium factors Revenue multiple EBITDA multiple 13.00%-15.20% (2.50%)-7.00% 1.10-2.10 9.30-13.80 Series B Warrants 1,851,750 Option pricing model Duration Risk-free interest rate Volatility 0.25-0.92 years 0.16 – 0.62% 50% Investment in Real Estate Companies 277,500 Cost Total assets held at fair value $ 13,161,718 Liabilities Call option liability $ 619,122 Option pricing model Duration Risk-free interest rate Volatility 2.23-2.40 years 1.12 – 1.16% 50% Total liabilities held at fair value $ 619,122 Quantitative Information about Level 3 Fair Value Measurements at December 31, 2014 Fair Valuation Unobservable Range Value Technique Inputs Assets Common Stock $ 8,350,500 Recent transactions Price per share $0.76 2014 Call Options 6,312,801 Recent transactions Price per share $0.76 Series A Warrants 9,947,368 Option pricing model Series B Warrants 4,227,632 Option pricing model Duration Risk-free interest rate Volatility 2 years 0.58% 44% Total assets held at fair value $ 28,838,301 Liabilities Put and call option liability $ 9,973,684 Option pricing model Duration Risk-free interest rate Volatility 1.2 years 0.58% 44% Total liabilities held at fair value $ 9,973,684

NOTE RECEIVABLE

NOTE RECEIVABLE	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
NOTE RECEIVABLE	NOTE 4 – NOTE RECEIVABLE On November 14, 2014 the Company loaned $600,000 to Twinlab’s chief executive officer/controlling shareholder under an unsecured note due December 29, 2015 bearing interest at 5%. On June 26, 2015 the balance of the receivable on the note of $618,411 was repaid in the form of $400,000 cash and the surrender of 200,000 Company common stock owned by the noteholder.

DEPOSIT

DEPOSIT	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
DEPOSIT	NOTE 5 – DEPOSITS In 2015, the Company made a deposit of $63,930 toward an anticipated purchase transaction which has not closed.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
RELATED PARTY TRANSACTIONS	NOTE 6 – RELATED PARTY TRANSACTIONS Deemed Dividend to Related Party; Forgiveness of Receivable - Related Party On October 28, 2014, the Company entered into a transaction in which it acquired directly from Darin Pastor (the former sole shareholder of Affluent) certain fixed assets and prepaid expenses of Affluent amounting to $152,429 and assumed certain promissory notes of Affluent (which had been dissolved in April 2014) in favor of Darin Pastor with an aggregate outstanding principal balance of $1,636,633. In the transaction, liabilities exceeded assets transferred and a deemed dividend of $1,484,204 was recorded in additional paid-in capital. As the transaction was between related parties, the assets and liabilities transferred were recorded at their historical cost basis. In connection with such transaction, the crossing revolving lines of credit between the Company and Affluent were cancelled; the Company forgave its $1,089,617 net receivable thereunder and recorded a $1,089,617 loss. Short-Term Advances from Related Party After October 28, 2014 the Company’s controlling stockholder Darin Pastor made advances and direct-payments to assist the Company in covering expenses. In addition, the amounts of these advances and direct-payments are reimbursable to him upon his demand at any time. At December 31, 2015 and 2014, the unrepaid balance of such advances and direct-payments was $96,695 and $94,306, respectively. Notes Payable to Related Party On October 28, 2014, the Company entered into a transaction in which the Company acquired from Darin Pastor certain assets which had been assets of Affluent and assumed certain liabilities which had been liabilities of Affluent, including liabilities under demand notes in favor of Darin Pastor. At December 31, 2015 and 2014, the outstanding obligation (inclusive of accrued interest) on such assumed notes was $68,416 and $1,203,552, respectively. The interest rate on the demand notes is 2% per annum.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 7 – INCOME TAXES The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. At December 31, 2015 and 2014, the Company had cumulative federal operating loss carryforwards of $2,504,525 and $1,905,580, respectively, which begin to expire in 2032. Utilization of the net operating loss carryforwards may be subject to a substantial annual limitation due to ownership change limitations provided by the Internal Revenue Code under section 382. The annual limitation may result in the expiration of net operating loss carryforwards before utilization. The Company recognizes deferred tax assets to the extent that the Company believes these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income and tax-planning. Components of net deferred taxes are as follows at December 31, 2015 and 2014: 2015 2014 Deferred tax assets: Net operating loss carryforward $ 1,766,444 $ 768,417 Net deferred tax assets $ 1,766,444 768,417 Deferred tax liabilities: Unrealized gains 6,318,548 7,511,140 Net deferred tax liabilities 6,318,548 7,511,140 Total deferred tax liability, net $ 4,552,105 $ 6,742,723 In assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment. A reconciliation between the statutory income tax rate and the effective income tax rate is as follows at December 31, 2015 and 2014: 2015 2014 Federal statutory rate 34.0 % 34.0 % State taxes, net of federal benefit 5.81 % 4.15 % Change in valuation allowance (0.09 )% 0 % Effective tax rate 39.72 % 38.15 % The components of income tax expense (benefit) for the years ended December 31, 2015 and 2014 are as follows: 2015 2014 Current tax expense (benefit) $ 800 $ 800 Deferred tax expense (benefit) (2,190,619 ) 6,742,723 Total income tax expense (benefit) $ (2,189,819 ) $ 6,743,523

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date the financial statements were available to be issued. Except as noted below, there are no events which require adjustments to, or disclosure in, the financial statements for the period ended December 31, 2015. In February 2016, the Company sold 1,713,159 Twinlab shares to unrelated third parties for $1,302,000. On March 31, 2016, a 4,000,000-warrants tranche of the Company’s Twinlab Series B Warrant expired unexercised.

SUMMARY OF SIGNIFICANT ACCOUN15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying financial statements have been prepared using the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and the accounting and financial reporting conventions of the investment company industry.
Use of estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and cash equivalents	Cash Equivalents The Company considers any investments in short-term money market funds with original maturities of three months or less to be cash equivalents.
Investments	Investments Investments primarily comprise strategic, non-controlling equity ownership interests in privately held businesses or public companies with very illiquid trading markets. These strategic investments are accounted for at fair value as determined by internal valuation guidelines and/or outside appraisals as there are no readily ascertainable fair market value prices in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946-10 and FASB ASC 820-10. Because the Company follows the financial accounting and reporting conventions of the investment company industry, it reports investments at estimated fair value. FASB ASC 820-10-65-4 provides additional guidance for estimating fair value in accordance with FASB ASC 820-10 when the volume and level of market activity for the asset or liability have significantly decreased. FASB ASC 820-10-65-4 also includes guidance on identifying circumstances that indicate a transaction is not orderly. It acknowledges that in these circumstances quoted prices may not be determinative of fair value. FASB ASC 820-10-65-4 emphasizes that even if there has been a significant decrease in the volume and level of market activity for the asset or liability and regardless of the valuation technique(s) used, the objective of a fair value measurement remains the same. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. Under FASB ASC 820-10-65-4, quoted prices for assets or liabilities in inactive markets may require adjustment due to uncertainty as to whether the underlying transactions are orderly. There is little information, if any, to evaluate if individual transactions are orderly in an inactive market. Accordingly, the Company is required to evaluate the facts and circumstances to determine whether the transaction is orderly based on the weight of the evidence. FASB ASC 820-10-65-4 does not designate a specific method for adjusting a transaction or quoted price. however, it does provide guidance for determining how much weight to give a transaction or quoted price. Price quotes derived from transactions that are not orderly are not considered to be determinative of fair value and should be given less weight, if any, when estimating fair value. In the absence of observable market data at December 31, 2015, the Company's fair value measurements included assumptions about future cash flow and appropriately risk-adjusted discount rates that it believes market participants would make in orderly market transactions.
Fair value of financial instruments	Fair Value Measurements and Valuation Methodologies GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels: • Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. • Level 2: Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; inputs to the valuation methodology include quoted prices for identical or similar assets or liabilities in markets that are not active; or inputs to the valuation methodology that are derived principally from or can be corroborated by observable market data by correlation or other means. • Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. The Company’s financial instruments are valued by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The valuation methodology for each investment type and discussion of key unobservable inputs is described below. The Company often invests in common stocks that are thinly traded where the closing trading price is not considered to be a fair indication of the value for which the Company can sell or buy the common stock. In such cases, as in the case of private-company limited liability company membership interests held by the Company, the common stock must be analyzed to determine what exit price the Company would receive when liquidating the position. These positions are classified as Level 3 securities. The significant unobservable inputs used in the fair value measurement of the Company’s Level 3 common stocks are recent open market and non open-market transactions with unrelated parties. Increases or decreases in any of those inputs in isolation would result in a lower or higher fair value measurement, respectively. The Company has warrants and call options to purchase common stock in illiquid public companies. Generally, there is no established market for these investments. The Company values these warrants and call options by using a model that takes into consideration the exercise or call price of the warrant or call option, the price of the underlying common stock and the expiration date of the warrant or call option. The significant unobservable inputs used in the fair value measurement of the Company’s warrants and call options includes the price of the underlying thinly traded common stock, duration and discount rate and volatility. Increases or decreases in the premium-to-parity would result in a higher or lower fair value measurement, respectively. Generally, when the Company invests in common stocks that are traded on the NASDAQ Markets or over-the-counter markets (such as the OTCBB, OTCQB or OTC Pink marketplaces), such common stocks are valued at the last traded price. If there is no trade on a measurement date, the Company will typically value the common stock at the closing bid price. However, in certain circumstances, the closing trading price is not considered to be a fair indication of the value for which the Company can sell the common stock. In such cases, the common stock must be analyzed to determine what exit price the Company would receive when liquidating the position. Investments in non-marketable common stocks at December 31, 2015 and December 31, 2014 were valued based, in part, on subsequent transactions with unrelated third parties and at December 31, 2015 were valued by the Company with the assistance of an independent valuation consultant. These positions are classified as Level 3 securities by the Company. From time to time, the Company has investments in private limited liability companies. Generally, there is no established market for these investments. The Company values these interests by means of both quantitative and qualitative measures, generally including the financial stability of the company, the economic rights of the interests and the economic prospects of the company. The significant unobservable input used in the fair value measurement of the Company’s limited liability company investments is the expected recovery of contributed capital. Increases or decreases in the expected recovery would result in a higher or lower fair value measurement, respectively.
Derivative financial instruments	Derivative Financial Instruments Derivative financial instruments include call options and warrants at December 31, 2015 and December 31, 2014. Derivatives are accounted for at fair value with changes in fair value reported in operations. The significant unobservable inputs used in the fair value measurement of the Company’s derivative financial instruments include the underlying common stock, duration, volatility and discount rate, which are used in the option pricing model. Changes to any of those inputs in isolation would result in fluctuations in the fair value measurement.
Investment Transaction, Related Income and Expenses	Investment Transaction, Related Income and Expenses Purchases and sales of investments are recorded on a trade-date basis. Realized gains and losses on investments are recognized on the first-in, first-out method. Dividend income on investments owned is recognized on the ex-dividend date, net of applicable withholding taxes.
Treasury Stock Purchases	Treasury Stock Purchases The Company is authorized to repurchase shares of the Company’s common stock in private transactions from time to time. During 2015, the Company repurchased 200,500 shares at an aggregate cost of approximately $220,000, which included approximately $218,000 in satisfaction of an outstanding note receivable.
Revenue recognition	Revenue Recognition The Company recognizes revenue for services when all of the following conditions are satisfied: (1) there is persuasive evidence of an arrangement; (2) the related service has been provided to the customer; (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of fees is probable.
Earnings per share	Earnings per Share The Company follows FASB ASC 260 for earnings per share. Basic earnings per common share calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation. As of December 31, 2015 and 2014, there were no dilutive common shares equivalents outstanding.
Concentration Risks	Concentration Risks During the year ended December 31, 2015, the Company had $116,662 in revenue generated from one customer for consulting services and had interest income from one debtor of $14,460. During the year ended December 31, 2014, the Company had $83,338 in revenue generated from one customer for consulting services and had interest income from a related party of $36,585.
Income taxes	Income Taxes The Company follows ASC Topic 740 for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change. Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. The Company applies a more-likely-than-not recognition threshold for all tax uncertainties. ASC Topic 740 allows the recognition of those tax benefits that have a greater than 50% likelihood of being sustained upon examination by the taxing authorities. As of December 31, 2015 the Company reviewed its tax positions and determined there were no outstanding or retroactive tax provisions with less than a 50% likelihood of being sustained upon examination by the taxing authorities. The Company is required to file Federal and New York and California state income tax returns. The Company’s tax return status will remain open until a tax return has been filed.
Advertising costs	Advertising costs Advertising costs are expensed as incurred. For the years ended December 31, 2015 and 2014, advertising costs of $53,051 and $62,816, respectively, were included in general and administrative expenses.
Recent pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued Accounting Standards update 2014-09, Revenue from Contracts with Customers In May 2015, the FASB issued amended guidance on the disclosures for investments in certain equities that calculate NAV per share (or its equivalent). The amendments remove the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the NAV per share practical expedient. The amendments also remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the NAV per share practical expedient. Rather, those disclosures are limited to investments for which the entity has elected to measure the fair value using that practical expedient. The guidance is effective for fiscal years beginning after December 15, 2015 and for interim periods within those years. In February 2016, the FASB issued Accounting Standards update 2016-02, Leases

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Measurements Tables
Schedule of Assets and Liabilities measured at Fair Value on a Recurring Basis	Assets and Liabilities Measured at Fair Value on a Recurring Basis December 31, 2015 Level 1 Level 2 Level 3 Total Assets Financial instruments, at fair value: Common Stocks $ — $ — $ 9,896,605 $ 9,896,605 Real Estate Company Investments — — 277,500 277,500 2014 Call Options — — 1,135,863 1,135,863 Series B Warrants — — 1,851,750 1,851,750 Total Financial instruments, at fair value — — 13,161,718 13,161,718 Total assets held at fair value $ — $ — $ 13,161,718 $ 13,161,718 Liabilities Financial instruments, at fair value: Third Party Call Options — — 619,122 619,122 Total liabilities held at fair value $ — $ — $ 619,122 $ 619,122 Assets and Liabilities Measured at Fair Value on a Recurring Basis December 31, 2014 Level 1 Level 2 Level 3 Total Assets Financial instruments, at fair value: Common Stocks $ — $ — $ 8,350,500 $ 8,350,500 2014 Call Options — — 6,312,801 6,312,801 Series A Warrants — — 9,947,368 9,947,368 Series B Warrants — — 4,227,632 4,227,632 Total Financial instruments owned, at fair value — — 28,838,301 28,838,301 Total assets held at fair value $ — $ — $ 28,838,301 $ 28,838,301 Liabilities Financial instruments, at fair value: Warrant put option — — 9,973,684 9,973,684 Total liabilities held at fair value $ — $ — $ 9,973,684 $ 9,973,684 Details of the Company’s recurring fair value measurements are as follow: December 31, 2015 Cost Estimated Fair Value Unrealized Gain (Loss) ASSETS Common Stocks $ 1,004,992 $ 9,896,605 $ 8,891,613 Real Estate Company Investments 277,500 277,500 — 2014 Call Options 450 1,135,863 1,135,413 Series B Warrants — 1,851,750 1,851,750 $ 1,282,942 $ 13,161,718 $ 11,878,776 LIABILITIES Third-Party Call Options $ — $ (619,122 ) $ (619,122 ) December 31, 2014 Cost Estimated Fair Value Unrealized Gain (Loss) ASSETS Common Stocks $ 6,215 $ 8,350,500 $ 8,344,285 2014 Call Options 2,492 6,312,801 6,310,309 Series A Warrants — 9,947,368 9,947,368 Series B Warrants — 4,227,632 4,227,632 $ 8,707 $ 28,838,301 $ 28,829,594 LIABILITIES Warrant put options $ — $ (9,973,684 ) $ (9,973,684 )

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes Tables
Components of net deferred tax assets	2015 2014 Deferred tax assets: Net operating loss carryforward $ 1,766,444 $ 768,417 Net deferred tax assets $ 1,766,444 $ 768,417 2015 2014 Deferred tax liabilities: Unrealized gains $ 6,318,548 $ 7,511,140 Net deferred tax liabilities 6,318,548 7,511,140 Total deferred taxes $ 4,552,105 $ 6,742,723
Reconciliation between the statutory rate and the effective tax	2015 2014 Federal statutory rate 34.0 % 34.0 % State taxes, net of federal benefit 5.83 % 4.15 % Change in valuation allowance (0.09 )% 0 % Effective tax rate 39.72 % 38.15 % The components of income tax expense (benefit) for the years ended December 31, 2015 and 2014 are as follows: 2015 2014 Current tax expense (benefit) $ 800 $ 800 Deferred tax expense (benefit) 6,742,723 6,742,723 Total income tax expense (benefit) $ 6,743,523 $ 6,743,523
Schedule of Income Tax (Benifits)	2015 2014 Current tax expense (benefit) $ 800 $ 800 Deferred tax expense (benefit) (2,190,619 ) 6,742,723 Total income tax expense (benefit) $ (2,189,819 ) $ 6,743,523

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Advertising costs	$ 53,051	$ 62,816
Customer [Member]
Consulting Services	$ 116,662	$ 83,338

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value	$ 12,542,596	$ 18,864,617
Common Stock | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value	9,896,605	$ 8,350,500
Real Estate Company Investments [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value	277,500
2014 Call Options [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value	1,135,863	$ 6,312,801
Warrant B [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value	1,851,750	$ 4,227,632
Call option liability [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value	$ (619,122)
Warrant A [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value		$ 9,947,368
Assets [Member]
Total Assets/Liabilities Held at Fair Value	$ 13,161,718	28,838,301
Assets [Member] | Fair Value, Inputs, Level 3 [Member]
Total Assets/Liabilities Held at Fair Value	13,161,718	28,838,301
Assets [Member] | Common Stock
Financial Investment owned at fair value	9,896,605	8,350,500
Assets [Member] | Common Stock | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value	9,896,605	8,350,500
Assets [Member] | Real Estate Company Investments [Member]
Financial Investment owned at fair value	277,500
Assets [Member] | Real Estate Company Investments [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value	277,500
Assets [Member] | 2014 Call Options [Member]
Financial Investment owned at fair value	1,135,863	6,312,801
Assets [Member] | 2014 Call Options [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value	1,135,863	6,312,801
Assets [Member] | Warrant B [Member]
Financial Investment owned at fair value	1,851,750	4,227,632
Assets [Member] | Warrant B [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value	1,851,750	4,227,632
Assets [Member] | Warrant A [Member]
Financial Investment owned at fair value		9,947,368
Assets [Member] | Warrant A [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value		9,947,368
Liabilities [Member]
Total Assets/Liabilities Held at Fair Value	619,122	9,973,684
Liabilities [Member] | Fair Value, Inputs, Level 3 [Member]
Total Assets/Liabilities Held at Fair Value	619,122	9,973,684
Liabilities [Member] | Call option liability [Member]
Financial Investment owned at fair value	619,122
Liabilities [Member] | Call option liability [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value	$ 619,122
Liabilities [Member] | Warrant put options [Member]
Financial Investment owned at fair value		9,973,684
Liabilities [Member] | Warrant put options [Member] | Fair Value, Inputs, Level 3 [Member]
Financial Investment owned at fair value		$ 9,973,684

FAIR VALUE MEASUREMENTS (Deta20

FAIR VALUE MEASUREMENTS (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Unrealized gain on investment securities, net	$ (2,993,872)	$ 18,855,913
Assets [Member]
Unrealized gain on investment securities, net	11,878,776	28,829,594
Assets [Member] | Cost [Member]
Unrealized gain on investment securities, net	1,282,942	8,707
Assets [Member] | Estimate of Fair Value [Member]
Unrealized gain on investment securities, net	13,161,718	28,838,301
Assets [Member] | Common Stock
Unrealized gain on investment securities, net	8,891,613	8,344,285
Assets [Member] | Common Stock | Cost [Member]
Unrealized gain on investment securities, net	1,004,992	6,215
Assets [Member] | Common Stock | Estimate of Fair Value [Member]
Unrealized gain on investment securities, net	$ 9,896,605	8,350,500
Assets [Member] | Real Estate Company Investments [Member]
Unrealized gain on investment securities, net
Assets [Member] | Real Estate Company Investments [Member] | Cost [Member]
Unrealized gain on investment securities, net	$ 277,500
Assets [Member] | Real Estate Company Investments [Member] | Estimate of Fair Value [Member]
Unrealized gain on investment securities, net	277,500
Assets [Member] | 2014 Call Options [Member]
Unrealized gain on investment securities, net	1,135,413	6,310,309
Assets [Member] | 2014 Call Options [Member] | Cost [Member]
Unrealized gain on investment securities, net	450	2,492
Assets [Member] | 2014 Call Options [Member] | Estimate of Fair Value [Member]
Unrealized gain on investment securities, net	1,135,863	6,312,801
Assets [Member] | Warrant B [Member]
Unrealized gain on investment securities, net	$ 1,851,750	$ 4,227,632
Assets [Member] | Warrant B [Member] | Cost [Member]
Unrealized gain on investment securities, net
Assets [Member] | Warrant B [Member] | Estimate of Fair Value [Member]
Unrealized gain on investment securities, net	$ 1,851,750	$ 4,227,632
Assets [Member] | Warrant A [Member]
Unrealized gain on investment securities, net		$ 9,947,368
Assets [Member] | Warrant A [Member] | Cost [Member]
Unrealized gain on investment securities, net
Assets [Member] | Warrant A [Member] | Estimate of Fair Value [Member]
Unrealized gain on investment securities, net		$ 9,947,368
Liabilities [Member]
Unrealized gain on investment securities, net	$ (619,122)	$ (9,973,684)
Liabilities [Member] | Cost [Member]
Unrealized gain on investment securities, net
Liabilities [Member] | Estimate of Fair Value [Member]
Unrealized gain on investment securities, net	$ (619,122)	$ (9,973,684)
Liabilities [Member] | Call option liability [Member]
Unrealized gain on investment securities, net	$ (619,122)
Liabilities [Member] | Call option liability [Member] | Cost [Member]
Unrealized gain on investment securities, net
Liabilities [Member] | Call option liability [Member] | Estimate of Fair Value [Member]
Unrealized gain on investment securities, net	$ (619,122)
Liabilities [Member] | Warrant put options [Member]
Unrealized gain on investment securities, net		$ (9,973,684)
Liabilities [Member] | Warrant put options [Member] | Cost [Member]
Unrealized gain on investment securities, net
Liabilities [Member] | Warrant put options [Member] | Estimate of Fair Value [Member]
Unrealized gain on investment securities, net		$ (9,973,684)

FAIR VALUE MEASUREMENTS (Deta21

FAIR VALUE MEASUREMENTS (Details 3) - USD ($)	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014
Realized gains (losses)	$ (5,417)		$ 1,019,326
Unrealized gains (losses) still held	(2,993,872)		$ 18,855,913
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, net	18,864,617
Unrealized gains (losses)	(8,031,097)		$ 17,838,636
Realized gains (losses)	25,987		$ 1,019,326
Exercises	329
Purchases	6,783,320	[1]	$ 8,838	[2]
Sales	(5,100,560)		(2,183)
Fair value , net	12,542,596		18,864,617
Unrealized gains (losses) still held	11,259,654		$ 18,855,910
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Common Stock [Member]
Fair value, net	8,350,500
Unrealized gains (losses)	$ (981,132)		$ 7,327,142
Realized gains (losses)			$ 1,019,326
Exercises
Purchases	$ 6,505,820	[1]	$ 6,215	[2]
Sales	(3,978,583)		(2,183)
Fair value , net	9,896,605		8,350,500
Unrealized gains (losses) still held	$ 8,891,613		$ 8,344,285
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate Company Investments [Member]
Fair value, net
Realized gains (losses)
Exercises
Purchases	$ 277,500	[1]		[2]
Sales
Fair value , net	$ 277,500
Unrealized gains (losses) still held
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | 2014 Call Options [Member]
Fair value, net	$ 6,312,801
Unrealized gains (losses)	$ (5,176,938)		$ 6,310,178
Realized gains (losses)
Exercises
Purchases		[1]	$ 2,623	[2]
Sales
Fair value , net	$ 1,135,863		$ 6,312,801
Unrealized gains (losses) still held	1,135,413		$ 6,310,309
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Warrant A [Member]
Fair value, net	9,947,368
Unrealized gains (losses)			$ 9,947,368
Realized gains (losses)	(9,823,026)
Exercises	$ (124,342)
Purchases		[1]		[2]
Sales
Fair value , net			$ 9,947,368
Unrealized gains (losses) still held			$ 9,947,638
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Warrant B [Member]
Fair value, net	$ 4,227,632
Unrealized gains (losses)	$ (1,875,882)
Realized gains (losses)
Exercises
Purchases		[1]		[2]
Sales	$ (500,000)
Fair value , net	1,851,750		$ 4,227,632
Unrealized gains (losses) still held	1,851,750		$ 4,227,632
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Put Option Liability [Member]
Fair value, net	(9,973,684)
Realized gains (losses)	9,849,013
Exercises	$ 124,671
Purchases		[1]		[2]
Sales
Fair value , net			$ (9,973,684)
Unrealized gains (losses) still held			$ (9,973,684)
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Call option liability [Member]
Fair value, net
Unrealized gains (losses)	$ 2,855
Realized gains (losses)
Exercises
Purchases		[1]		[2]
Sales	$ (621,977)
Fair value , net	(619,122)
Unrealized gains (losses) still held	$ (619,122)
[1]	Purchases of 1,315,790 shares of Twinlab common stock were made at various dates in 2015 at $0.76 per share (upon warrant exercises) and purchases of 7,244,500 shares of Twinlab common stock were made at various dates in 2015 for nominal consideration (upon call option exercises).
[2]	Purchases of Twinlab common stock were made at various dates at $0.76 per share.

DEPOSIT (Details Narrative)

DEPOSIT (Details Narrative) - USD ($)	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Deposit Details Narrative
Deposits made by Company	$ (63,930)	$ 63,930	$ (65,000)

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Net operating loss carryforward	$ 1,766,444	$ 768,417
Net deferred tax assets	1,766,444	768,417
Deferred tax liabilities:
Unrealized gains	6,318,548	7,511,140
Net deferred tax liabilities	6,318,548	7,511,140
Total deferred taxes	$ 4,552,105	$ 6,742,723

INCOME TAXES (Details 2)

INCOME TAXES (Details 2)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Taxes Details 2
Federal statutory rate	34.00%	34.00%
State taxes, net of federal benefit	5.83%	4.15%
Change in valuation allowance	(0.09%)	0.00%
Effective tax rate	39.72%	38.15%

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Taxes Details 3
Current tax expense (benefit)	$ 800	$ 800
Deferred tax expense (benefit)	(2,190,619)	6,742,723
Total income tax expense (benefit)	$ (2,189,819)	$ 6,743,523