Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2012 | Oct. 25, 2013 | Jun. 28, 2013 | |
Document Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'SCORES HOLDING CO INC | ' | ' |
Entity Central Index Key | '0000831489 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Trading Symbol | 'SCRH | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 165,186,124 | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-12 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Document Fiscal Year Focus | '2012 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $2,517,435 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
ASSETS | ' | ' |
Cash | $59,139 | $8,930 |
Licensee receivable - including affiliates- net | 71,911 | 112,561 |
Prepaid expenses | 7,429 | 7,324 |
Settlement receivable | 131,862 | 125,444 |
Total Current Assets | 270,341 | 254,259 |
Settlement receivable | 162,389 | 294,251 |
Loan receivable | 31,535 | 30,000 |
TOTAL ASSETS | 464,265 | 578,510 |
LIABILITIES AND STOCKHOLDERS' DEFICIT | ' | ' |
Accounts payable and accrued expenses | 157,704 | 82,956 |
Related party payable | 221,615 | 284,366 |
Deferred revenue | 0 | 105,140 |
Settlement payable due to related party | 193,201 | 156,049 |
Total Current Liabilities | 572,520 | 628,511 |
Settlement payable due to related party | 195,661 | 354,540 |
Note Payable due to related party | 31,535 | 0 |
TOTAL LIABILITIES | 799,716 | 983,051 |
STOCKHOLDERS' DEFICIT: | ' | ' |
Preferred stock, $.0001 par value, 10,000,000 shares authorized, -0- issued and outsatanding | 0 | 0 |
Common stock, $.001 par value; 500,000,000 shares authorized, 165,186,124 issued and 165,186,124 outstanding, respectively | 165,186 | 165,186 |
Additional paid-in capital | 6,058,117 | 6,028,117 |
Accumulated deficit | -6,558,754 | -6,597,844 |
Total Stockholder's Deficit | -335,451 | -404,541 |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $464,265 | $578,510 |
CONSOLIDATED_BALANCE_SHEETS_PA
CONSOLIDATED BALANCE SHEETS [PARENTHETICAL] (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
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 (in dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 165,186,124 | 165,186,124 |
Common stock, shares outstanding | 165,186,124 | 165,186,124 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
REVENUES | ' | ' |
Royalty Revenue | $693,889 | $629,251 |
Total Revenue | 693,889 | 629,251 |
EXPENSES | ' | ' |
General and Administrative Expenses | 670,719 | 884,195 |
INCOME (LOSS) FROM OPERATIONS | 23,170 | -254,944 |
OTHER INCOME/(EXPENSE) | ' | ' |
Interest Income/(Expense), net | -4,080 | -1,429 |
Gain on Settlement | 0 | 440,000 |
Licensee Forfieture Income | 20,000 | 0 |
TOTAL OTHER INCOME | 15,920 | 438,571 |
INCOME BEFORE INCOME TAXES | 39,090 | 183,627 |
PROVISION FOR INCOME TAXES | 0 | 0 |
NET INCOME | $39,090 | $183,627 |
NET INCOME PER SHARE-Basic and Diluted (in dollars per share) | $0 | $0.00 |
WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING-Basic and Diluted (in shares) | 165,186,124 | 165,186,124 |
CONSOLIDATED_STATEMENT_OF_STOC
CONSOLIDATED STATEMENT OF STOCKHOLDER'S EQUITY (DEFICIT) (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit during Development Stage [Member] |
Balance at Dec. 31, 2010 | ($618,168) | $165,186 | $5,998,117 | ($6,781,471) |
Balance (in shares) at Dec. 31, 2010 | ' | 165,186,124 | ' | ' |
Capital Contribution | 30,000 | ' | 30,000 | ' |
Net Income | 183,627 | ' | ' | 183,627 |
Balance at Dec. 31, 2011 | -404,541 | 165,186 | 6,028,117 | -6,597,844 |
Balance (in shares) at Dec. 31, 2011 | ' | 165,186,124 | ' | ' |
Capital Contribution | 30,000 | ' | 30,000 | ' |
Net Income | 39,090 | ' | ' | 39,090 |
Balance at Dec. 31, 2012 | ($335,451) | $165,186 | $6,058,117 | ($6,558,754) |
Balance (in shares) at Dec. 31, 2012 | ' | 165,186,124 | ' | ' |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net Income | $39,090 | $183,627 |
Adjustments to reconcile net income to net cash provided by (used) in operating activities: | ' | ' |
Amortization | 0 | 88,725 |
Contributed services | 30,000 | 30,000 |
Changes in assets and liabilities: | ' | ' |
Licensee receivable | 40,650 | -24,830 |
Prepaid expenses | -105 | -982 |
Deferred revenue | -105,140 | 87,140 |
Accounts payable and accrued expenses | 74,748 | -419,397 |
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES | 79,243 | -55,717 |
CASH FLOW FROM FINANCING ACTIVITIES: | ' | ' |
Related party payables | -62,751 | -19,995 |
Settlement receivable | 125,444 | -419,695 |
Loan receivable | -1,535 | -30,000 |
Settlement payable | -121,727 | 510,589 |
Loan payable | 31,535 | 0 |
NET CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES | -29,034 | 40,899 |
NET INCREASE/(DECREASE) IN CASH | 50,209 | -14,818 |
Cash and cash equivalents - beginning of year | 8,930 | 23,748 |
Cash and cash equivalents - end of year | 59,139 | 8,930 |
Supplemental disclosures of cash flow information: | ' | ' |
Cash paid during the year for interest | 0 | 0 |
Cash paid for income taxes | $329 | $2,296 |
Organization
Organization | 12 Months Ended |
Dec. 31, 2012 | |
Accounting Policies [Abstract] | ' |
Organization [Text Block] | ' |
Note 1. Organization | |
Scores Holding Company, Inc. and subsidiaries (the “Company”) is a Utah corporation, formed in September 1981 and is located in New York, NY. Originally incorporated under the name Adonis Energy, Inc., the Company is a licensing company that exploits the “Scores” name and trademark for franchising and other licensing options. | |
The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States. The consolidated financial statements of the Company include the accounts of Scores Licensing Corp. | |
Summary_of_Significant_Account
Summary of Significant Accounting Principles | 12 Months Ended | |||||||
Dec. 31, 2012 | ||||||||
Accounting Policies [Abstract] | ' | |||||||
Summary Of Significant Accounting Principles [Text Block] | ' | |||||||
Note 2. Summary of Significant Accounting Principles | ||||||||
BASIS OF PRESENTATION - Going Concern | ||||||||
The Company has incurred cumulative losses totaling $(6,558,754) a working capital deficit of $(302,179) and a net income of $39,090 at December 31, 2012. Because of these conditions, the Company will require additional working capital to develop business operations. The Company intends to raise additional working capital through the continued licensing of the brand with its current and new operators. There are no assurances that the Company will be able to achieve the level of revenues adequate to generate sufficient cash flow from operations to support the Company’s working capital requirements. To the extent that funds generated from any future use of licensing, are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available, the Company may not increase its operations. | ||||||||
These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. | ||||||||
Principles of consolidation | ||||||||
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Inter-company items and transactions have been eliminated in consolidation. | ||||||||
Cash and cash equivalents | ||||||||
The Company considers all highly liquid temporary cash investments, with a maturity of three months or less when purchased, to be cash equivalents. There are times when cash may exceed $250,000, the FDIC insured limit. | ||||||||
Fair Value of Financial Instruments | ||||||||
The Company follows the provisions of ASC 820-10, Fair Value Measurements which defines fair values, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The Company's financial instruments include licensee receivable, accounts payable, accrued expenses and related party payable. The fair values of all financial instruments were not materially different from their carrying values. | ||||||||
Licensee receivable and reserves | ||||||||
Accounts deemed uncollectible are applied against the allowance for doubtful accounts. Allowance for doubtful accounts had a balance of $-0- and $14,000 for the December 31, 2012 and 2011 periods. In reviewing any delinquent royalty or note receivable, the Company considers many factors in estimating its reserve, including historical data, experience, customer types, credit worthiness, financial distress and economic trends. From time to time, the Company may adjust its assumptions for anticipated changes in any of above or other factors expected to affect collectability . | ||||||||
Stock Based Compensation | ||||||||
The Company accounts for the plans under the recognition and measurement provisions of Accounting Standards Codification (ASC) Topic 718Compensation – Stock Compensation. The standard requires entities to measure the cost of employee services received in exchange for stock options based on the grant-date fair value of the award, and to recognize the cost over the period the employee is required to provide services for the award. | ||||||||
There were no stock options or warrants issued during the years ended December 31, 2012 and 2011, hence the Company has recorded no compensation expense. If the Company were to issue equity rights for compensation, then the Company would recognize compensation expense under Topic 718 over the requisite service period using the Black-Scholes model for equity rights granted. | ||||||||
Revenue recognition | ||||||||
The Company records revenues from its license agreements on a straight line basis over the term of the license agreements. If a license agreement is terminated then the remaining unearned balance of the deferred revenues are recorded as earned if applicable. Revenue is recognized when earned, as products are completed and delivered or services are provided to customers. | ||||||||
Revenues earned under its royalty agreements are recorded as they are earned. | ||||||||
Income Taxes | ||||||||
The Company accounts for income taxes in accordance with ASC 740-10-25, “Accounting for Income Taxes”. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. | ||||||||
The Company has a net operating loss carryforward of approximately $6,200,000, which expire in the years 2018 through 2032. The related deferred tax asset of approximately $2,764,000 has been offset by a valuation allowance. The Company’s net operating loss carryforwards may have been limited, pursuant to the Internal Revenue Code Section 382, as to the utilization of such net operating loss carryforwards due to changes in ownership of the Company over the years. | ||||||||
2012 | 2011 | |||||||
Deferred tax assets: | ||||||||
Net operating loss carryforward | $ | 2,750,000 | $ | 2,780,000 | ||||
Temporary – legal accrual | 14,000 | - | ||||||
Less valuation allowance | -2,764,000 | -2,780,000 | ||||||
Net deferred tax asset | $ | - | $ | - | ||||
The reconciliation of the Company’s effective tax rate differs from the Federal income tax rate of 34% for the years ended December 31, 2012 and 2011, as a result of the following: | ||||||||
2012 | 2011 | |||||||
Tax (benefit) at statutory rate | $ | 13,000 | $ | 62,000 | ||||
State and local taxes | 3,000 | 19,000 | ||||||
Permanent differences | - | 36,000 | ||||||
Change in valuation allowance | -16,000 | 117,000 | ||||||
Tax due | $ | - | $ | - | ||||
Loss per Share | ||||||||
Under ASC 260-10-45, “Earnings Per Share”, basic income (loss) per common share is computed by dividing the income (loss) applicable to common stockholders by the weighted average number of common shares assumed to be outstanding during the period of computation. Diluted income (loss) per common share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Accordingly, the weighted average number of common shares outstanding for the years ended December 31, 2012 and 2011, respectively, is the same for purposes of computing both basic and diluted net income per share for such years. | ||||||||
Accounting Estimates and Assumptions | ||||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at 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. | ||||||||
Concentration of Credit Risk | ||||||||
The Company earned royalties and merchandise revenues from five licensees who are unrelated from management of the Company. During the December 31, 2012 period, revenues earned from royalties and merchandise sales from these unrelated licensees amounted to $693,889 and there was $71,911 due and outstanding as of December 31, 2012. The Company’s New York affiliate revenues increased 8% to $197,892 during the 2012 period from $182,870 during the 2011 period. The Company’s Baltimore club had revenues decrease 2% to $138,781 in the 2012 period from $142,214 in the 2011 period and Chicago revenues increased by 9% to $121,816 in the 2012 period from $112,168 in the 2011 period. In addition, revenues from the Company’s New Orleans nightclub remained the same at $120,000 in the 2012 and 2011 period. The Company’s Tampa Club had revenues increase 33% to $96,000 in the 2012 period from $72,000 in the 2011 period. The Company’s affiliate Swan Media Group, Inc., Scoreslive.com licensee website went live during 2011 and began accruing royalties in the second quarter of 2012. The Scoreslive.com licensee accounts for 1% and 0% of our total revenues for the 2012 and 2011 periods, respectively. | ||||||||
New Accounting Pronouncements | ||||||||
In July 2013, the FASB issued Accounting Standards Update “ASU” 2013-11 on “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists”. The amendments in this ASU are to improve the current U.S. GAAP because they are expected to reduce diversity in practice by providing guidance on the presentation of unrecognized tax benefits and will better reflect the manner in which an entity would settle at the reporting date any additional income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. Current U.S. GAAP does not include explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Early adoption is permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. | ||||||||
All other new accounting pronouncements issued but not yet effective or adopted have been deemed not to be relevant to us, hence are not expected to have any impact once adopted. | ||||||||
RelatedParty_Transactions
Related-Party Transactions | 12 Months Ended |
Dec. 31, 2012 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
Note 3. Related-Party Transactions | |
Transactions with Common ownership affiliates | |
On January 27, 2009, the Company entered into a licensing agreement with its affiliate through common ownership I.M. Operating LLC (“IMO”) for the use of the Scores brand name “Scores New York”. IMO is also owned by Robert M. Gans who is the Company’s majority shareholder. During the years since IMO paid for various administrative costs related to accounting, business development, insurance and legal services for the Company, which a portion thereof in the amount of $144,115 remains a payable to this related party. The Company also leases office space directly from Westside Realty of New York (WSR), the owner of the West 27th Street Building. The majority owner of WSR is Robert M. Gans. Since April 1, 2009, the monthly rent has been $2,500 per month including overhead costs. The Company owed WSR $77,500 and $47,500 in unpaid rents as of December 31, 2012 and 2011, respectively. | |
The total amounts due to the various related parties as of December 31, 2012 and 2011 was $221,615 and $284,366, respectively. | |
A capital contribution has been recorded for personnel services rendered the majority shareholder in the amount of $30,000for the year 2012 and 2011. | |
Intangible_Assets
Intangible Assets | 12 Months Ended |
Dec. 31, 2012 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' |
Intangible Assets [Text Block] | ' |
Note 4. Intangible Assets | |
Trademark | |
In connection with the acquisition of Scores Licensing Company (“SLC”) the Company acquired the trademark to the name "SCORES". This trademark had a gross recorded value at December 31, 2008 of $878,318 which had been increased for the purchase from SLC for $250,000. This trademark has been registered in the United States, Canada, Japan, Mexico and the European Community. The trademark has been completely amortized by straight line method over an estimated useful life of ten years. The Company's trademark having an infinite useful life by its definition is being amortized over ten years due to the difficult New York legal environment for which the related showcase adult club is operating. The Company recorded $0 in 2012 and $88,725 of amortization expense, in 2011. As of December 31, 2011 the cost of the trademark has been fully amortized. | |
The Company believes that the carrying amount of the “Scores” trademark exceeds its fair or net present value as of December 31, 2012 and 2011. | |
Licensees
Licensees | 12 Months Ended |
Dec. 31, 2012 | |
Licenses [Abstract] | ' |
Licenses Disclosure [Text Block] | ' |
Note 5. Licensees | |
The Company has seven license agreements which were obtained between 2003 and 2012; Stone Park Entertainment Group, Inc. known as “Scores Chicago”, Club 2000 Eastern Avenue Inc. known as “Scores Baltimore”, Silver Bourbon, Inc., I.M Operating LLC known as “IMO”, Tampa Food and Entertainment Inc, Norm A Properties, LLC and Swan Media Group, Inc. (formerly AYA International, Inc.). | |
“IMO’s” members are the Company’s majority shareholder, Robert M. Gans, and Secretary and Board of Director, Howard Rosenbluth hence making “IMO” a related party. The building occupied by IMO is owned by Westside Realty of New York Inc., of which the majority owner is Robert M. Gans. The club accounted for 29% and 29% of our royalty revenues during the year of 2012 and 2011, respectively. | |
SettlementNote_Receivables
Settlement/Note Receivables | 12 Months Ended |
Dec. 31, 2012 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ' |
Deferred Costs Capitalized Prepaid And Other Assets [Text Block] | ' |
Note 6. Settlement/Note Receivables | |
On September 26, 2011, the Company, Richard Goldring and Elliot Osher (Goldring and Osher were formerly two of the Company’s principal shareholders) (collectively the “Defendants”) and Sari Diaz et al. (the “Plaintiffs”) entered into a Court approved Joint Stipulation of Settlement and Release (the “Settlement Agreement”) relating to a purported class action and collective action on behalf of all tipped employees filed by Plaintiffs, pursuant to which Defendants agreed to make a settlement payment of $450,000 to resolve and settle awards to Plaintiffs and related Plaintiffs’ attorneys’ fees. Additionally, the Defendants agreed to pay the employer portion of payroll taxes on approximately $300,000 in distributions, approximately $15,600. | |
In a settlement payment agreement among the Company, Goldring and Osher, the Company agreed to advance all of the Defendants’ obligations under the Settlement Agreement and to pay $64,500 of Goldring’s and Osher’s legal fees to their designated attorney. In consideration for the Company’s payment of these obligations, Goldring and Osher agreed, jointly and severally, to pay the Company $440,000 plus interest at the rate of 5% per annum on the unpaid balance of such amount, in 40 equal monthly payments of $11,965 per month. To secure his obligations under this agreement, Goldring agreed to assign to the Company a portion of his interests in a promissory note dated September 14, 2009 in the principal amount of $2,400,000 made by a third party to Goldring (the “Note”) and to grant the Company a security interest in the Note, which will remain in effect until his obligations under this settlement payment agreement are paid in full. As of December 31, 2012, the settlement receivable is $294,251. | |
On December 29, 2011 the Company entered into a Promissory Note with Goldring for $30,000 plus interest at the rate of 5% per annum on the unpaid balance. To secure his obligations under this agreement, Goldring agreed to assign to the Company a portion of his interests in a promissory note dated September 14, 2009 in the principal amount of $2,400,000 made by a third party to Goldring (the “Note”) and to grant the Company a security interest in the Note, which will remain in effect until his obligations under this settlement payment agreement are paid in full. Three payments of $11,965 are due beginning March 2015. As of December 31, 2012, this promissory note balance is $31,535. | |
SettlementNote_Payable
Settlement/Note Payable | 12 Months Ended |
Dec. 31, 2012 | |
Account Payables And Accrued Liabilities [Abstract] | ' |
Notes Payable [Text Block] | ' |
Note 7. Settlement/Note Payable | |
As discussed in Note 6 regarding the settlement receivable it should be noted that Mr. Gans (the Company’s Chief Executive Officer and majority stockholder) advanced $560,151 to settle the Sari Diaz et. al. litigation and fund the $30,000 loan to Mr. Goldring. As of December 31, 2012, $420,397 is outstanding. | |
Accounts_Payable_and_Accrued_E
Accounts Payable and Accrued Expenses | 12 Months Ended |
Dec. 31, 2012 | |
Payables and Accruals [Abstract] | ' |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | ' |
Note 8. Accounts Payable and Accrued Expenses | |
Accounts payables and accrued expenses as of December 31, 2012 is comprised of $111,055 in settlement and legal fees, professional fees of $33,000 and miscellaneous accruals and payables of $13,649. Accounts payables and accrued expenses as of December 31, 2011 is comprised of miscellaneous accruals and payables of $82,956. | |
Stock_Option
Stock Option | 12 Months Ended | ||||||
Dec. 31, 2012 | |||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||
Note 9. Stock Option | |||||||
Stock option plan: The below options are unsubscribed and were granted to the Company’s former President, CEO, Director and Secretary in consideration with their employment with the Company. These options were granted by the Board for the optionee to purchase shares of the Company’s common stock. These stock options are not “incentive stock options” under Section 422 of the Internal Revenue Code of 1986. The granted options fully vested upon issuance on October 22, 2002 and expired on March 31, 2013. | |||||||
Stock option activity for the two years ended December 31, 2012 is summarized as follows: | |||||||
Weighted | |||||||
Average | |||||||
Shares | Exercise Price | ||||||
Outstanding at December 31, 2010 | 85,000 | $ | 2.8 | ||||
Granted | - | - | |||||
Exercised | - | - | |||||
Expired or cancelled | - | - | |||||
Outstanding at December 31, 2011 | 85,000 | 2.8 | |||||
Granted | - | - | |||||
Exercised | - | - | |||||
Expired or cancelled | - | - | |||||
Outstanding at December 31, 2012 | 85,000 | $ | 2.8 | ||||
Weighted-average exercise price of outstanding options $2.80. | |||||||
All such options are vested and exercisable | |||||||
The intrinsic value of a stock option/SSAR is the amount by which the market value of the underlying stock exceeds the exercise price of the options/SSAR. The intrinsic value of the options/SSAR as of December 31, 2012 and 2011 was $0 and $0 respectively. | |||||||
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2012 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
Note 10. Commitments and Contingencies | |
The Company records $2,500 a month as rent, overhead, and services as a contribution to Capital and the related expense account for services rendered by the management of the Company. These expenses for the year ended December 31, 2012 and 2011 were $30,000 and $30,000 respectively. | |
The Company currently leases office space from the Westside Realty of New York which is owned and operated by Robert Gans the Company’s majority shareholder, for $2,500 a month. | |
On June 14, 2011, Christina Maldonado, a former front door receptionist/coat checker at Scores New York, located in New York NY filed a civil lawsuit against the Company and IMO alleging violations of Title V11 of the Civil Rights Act, New York State Human Rights Law, New York Executive Law, New York City Human Rights Law and the New York City Administrative Code, based on allegations of sexual discrimination and sexual harassment. The lawsuit further alleges that both the Company and IMO were her employers. The lawsuit seeks unspecified damages for alleged loss of past and future earnings and emotional distress and humiliation. The Company disputes that that it was an employer of the plaintiff and categorically denies all allegations of sexual discrimination and sexual harassment. The Company responded to the complaint and later filed an amended complaint and asserted a cross claim against IMO. The Company is vigorously defending itself in this litigation and does not expect that the outcome will be material. | |
In mid-March 2010, the Company was named by Nichole Hughes in a complaint filed with the SCNY. Ms Hughes sued the Company for an unspecified amount of damages in connection with an alleged unauthorized use of her image in the Company’s advertising materials. On June 20, 2010, the Company filed a pre-answer motion to dismiss the complaint, which was denied on December 17, 2010. The Company then filed an answer and affirmative defenses and a third party complaint against IMO, owner and operator of the club where Ms. Hughes was employed. Plaintiff’s counsel was granted leave by the court to withdraw from representation in January 2013. Plaintiff failed to appoint new counsel or further participate in the case and the case was dismissed on May 20, 2013. | |
On December 11, 2007, Francis Vargas, a former cocktail waitress at Scores West located in New York, NY, filed a civil lawsuit against the Company and Go West in the SCNY, alleging violations of the New York State Human Rights Law, New York Executive Law, New York City Human Rights Law, and the New York City Administrative Code, based upon allegations of sexual discrimination and sexual harassment. The lawsuit further alleges that at all material times both the Company and Go West were employers of Ms. Vargas, the plaintiff. The law suit seeks unspecified compensatory damages for plaintiff’s alleged loss of past and future earnings and benefits, emotional distress, humiliation and loss of reputation. The Company disputes that it was an employer of the plaintiff and categorically denies all allegations of sexual discrimination and sexual harassment. The Company filed its verified answer in the Supreme Court of the State of New York on February 12, 2008 to contest and defend against these accusations. On April 18, 2008, co-defendant Go West filed for bankruptcy and the case was stayed. On July 23, 2009, the bankruptcy petition was dismissed and, as a result, the automatic stay was lifted. The Company subsequently filed an amended response asserting cross-claims for judgment against both Go West and the Company’s former affiliate, Entertainment Management Services, Inc. ("EMS"), an entity owned by two of the Company’s former directors and employees. After engaging in discovery and other pre-trial activities the two sides agreed to a confidential settlement on February 22, 2013 and the case has been dismissed. The settlement does not have a material outcome on the business of the Company. | |
In early March 2008, the Company received notice that DIF&B, owner of the Las Vegas club, would be canceling its sublicense with EMS effective on or before May 6, 2008. The Company was notified that DIF&B would be making final royalty payments to EMS totaling $60,000 at the rate of $10,000 per week starting the first week of March 2008. The Las Vegas club ceased operating and, as of December 31, 2008, EMS had received only one such $10,000 payment from DIF&B. EMS commenced an action against DIF&B and filed a complaint and affidavit of service with the SCNY, on July 23, 2008. DIF&B was required to file an answer by August 23, 2008, but did not do so. As a result, EMS filed an application for a default judgment and the SCNY appointed a referee to determine damages. The referee determined that damages in the amount of $216,000, with interest, should be paid to EMS and a default judgment totaling $230,557 was entered by the Clerk of the SCNY. The Company will attempt to collect on this judgment. The Company will be entitled to all monies so collected, pursuant to the Assignment Agreement with EMS and 333. | |
There are no other material legal proceedings pending to which the Company or any of its property is subject, nor to our knowledge are any such proceedings threatened. | |
SUBSEQUENT_EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2012 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
Note 11. SUBSEQUENT EVENTS | |
On June 14, 2013, Elizabeth Shiflett, a former cocktail waitress, filed a civil lawsuit against the Company in the S.D.N.Y. alleging violations of Title VII of the Civil Rights Act of 1964 (“Title VII”), as amended, the New York State Human Rights Law (“NYSHRL”) and the New York City Human Rights Law (“NYCHRL”) based upon allegations of sexual discrimination, creating a hostile work environment based upon plaintiff’s sex and race and unlawful retaliation against plaintiff. The lawsuit further alleges that at all material times the Company was the employer of the plaintiff. The lawsuit had been preceded by a Determination of the U.S. Equal Employment Opportunity Commission (the “EEOC”) on January 25, 2013 that there was reasonable cause to believe that the Company had violated Title VII as a result of the complained-of conduct. The lawsuit seeks a declaratory judgment that the practices complained of violated Title VII, the NYSHRL and the NYCHRL, an injunction enjoining the Company from engaging in future unlawful acts of discrimination, harassment and retaliation, unspecified compensatory damages for plaintiff’s alleged loss of past and future earnings, emotional distress, humiliation and loss of reputation, punitive damages as a result of the Company’s alleged disregard of plaintiff’s protected civil rights, and attorneys’ fees and costs. The Company disputes that it was an employer of the plaintiff and categorically denies all allegations of sexual discrimination, sexual and racial harassment and retaliation. The Company will vigorously defend itself in this litigation and does not expect that the outcome will be material. | |
On March 14, 2013 Miki Yamada, a former bartender at the Scores New York nightclub located at 536 West 28th Street, New York, NY filed charges against the Company and IMO with the EEOC claiming violations of Title VII based upon alleged sexual harassment, discrimination based on gender and unlawful retaliation. Ms. Yamada also delivered a draft civil complaint to the Company containing similar allegations. Although the Company disputed the issues of liability and damages asserted by Ms. Yamada, the Company and the other respondents settled these matters for a payment of $90,000to Ms. Yamada pursuant to a settlement and release agreement dated April 30, 2013. These matters were settled out of court. | |
Pursuant to an oral arrangement, in November 2013, the Company granted a license for the use of the “Scores Atlantic City” name to Star Light Events, LLC for its gentlemen’s club in Atlantic City, New Jersey. Royalties under this license are payable at the rate of $10,000 per month commencing in April 2014, and the license is for a term of five years. The Company is currently in the process of preparing a written license agreement with respect to its arrangement with Star Light Events, LLC. Robert M. Gans, the Company’s President, Chief Executive officer and a director, is the majority owner of Star Light Events, LLC. | |
Management evaluated subsequent events through the date of this filing and determined that no additional events have occurred that would require adjustment to or disclosure in the financial statements. | |
Summary_of_Significant_Account1
Summary of Significant Accounting Principles (Policies) | 12 Months Ended | |||||||
Dec. 31, 2012 | ||||||||
Accounting Policies [Abstract] | ' | |||||||
Going Concern [Policy Text Block] | ' | |||||||
BASIS OF PRESENTATION - Going Concern | ||||||||
The Company has incurred cumulative losses totaling $(6,558,754) a working capital deficit of $(302,179) and a net income of $39,090 at December 31, 2012. Because of these conditions, the Company will require additional working capital to develop business operations. The Company intends to raise additional working capital through the continued licensing of the brand with its current and new operators. There are no assurances that the Company will be able to achieve the level of revenues adequate to generate sufficient cash flow from operations to support the Company’s working capital requirements. To the extent that funds generated from any future use of licensing, are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available, the Company may not increase its operations. | ||||||||
These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. | ||||||||
Consolidation, Policy [Policy Text Block] | ' | |||||||
Principles of consolidation | ||||||||
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Inter-company items and transactions have been eliminated in consolidation. | ||||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | |||||||
Cash and cash equivalents | ||||||||
The Company considers all highly liquid temporary cash investments, with a maturity of three months or less when purchased, to be cash equivalents. There are times when cash may exceed $250,000, the FDIC insured limit. | ||||||||
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | |||||||
Fair Value of Financial Instruments | ||||||||
The Company follows the provisions of ASC 820-10, Fair Value Measurements which defines fair values, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The Company's financial instruments include licensee receivable, accounts payable, accrued expenses and related party payable. The fair values of all financial instruments were not materially different from their carrying values. | ||||||||
Licensee Receivable And Reserves [Policy Text Block] | ' | |||||||
Licensee receivable and reserves | ||||||||
Accounts deemed uncollectible are applied against the allowance for doubtful accounts. Allowance for doubtful accounts had a balance of $-0- and $14,000 for the December 31, 2012 and 2011 periods. In reviewing any delinquent royalty or note receivable, the Company considers many factors in estimating its reserve, including historical data, experience, customer types, credit worthiness, financial distress and economic trends. From time to time, the Company may adjust its assumptions for anticipated changes in any of above or other factors expected to affect collectability . | ||||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | |||||||
Stock Based Compensation | ||||||||
The Company accounts for the plans under the recognition and measurement provisions of Accounting Standards Codification (ASC) Topic 718Compensation – Stock Compensation. The standard requires entities to measure the cost of employee services received in exchange for stock options based on the grant-date fair value of the award, and to recognize the cost over the period the employee is required to provide services for the award. | ||||||||
There were no stock options or warrants issued during the years ended December 31, 2012 and 2011, hence the Company has recorded no compensation expense. If the Company were to issue equity rights for compensation, then the Company would recognize compensation expense under Topic 718 over the requisite service period using the Black-Scholes model for equity rights granted | ||||||||
Revenue Recognition, Policy [Policy Text Block] | ' | |||||||
Revenue recognition | ||||||||
The Company records revenues from its license agreements on a straight line basis over the term of the license agreements. If a license agreement is terminated then the remaining unearned balance of the deferred revenues are recorded as earned if applicable. Revenue is recognized when earned, as products are completed and delivered or services are provided to customers. | ||||||||
Revenues earned under its royalty agreements are recorded as they are earned. | ||||||||
Income Tax, Policy [Policy Text Block] | ' | |||||||
Income Taxes | ||||||||
The Company accounts for income taxes in accordance with ASC 740-10-25, “Accounting for Income Taxes”. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. | ||||||||
The Company has a net operating loss carryforward of approximately $6,200,000, which expire in the years 2018 through 2032. The related deferred tax asset of approximately $2,764,000 has been offset by a valuation allowance. The Company’s net operating loss carryforwards may have been limited, pursuant to the Internal Revenue Code Section 382, as to the utilization of such net operating loss carryforwards due to changes in ownership of the Company over the years. | ||||||||
2012 | 2011 | |||||||
Deferred tax assets: | ||||||||
Net operating loss carryforward | $ | 2,750,000 | $ | 2,780,000 | ||||
Temporary – legal accrual | 14,000 | - | ||||||
Less valuation allowance | -2,764,000 | -2,780,000 | ||||||
Net deferred tax asset | $ | - | $ | - | ||||
The reconciliation of the Company’s effective tax rate differs from the Federal income tax rate of 34% for the years ended December 31, 2012 and 2011, as a result of the following: | ||||||||
2012 | 2011 | |||||||
Tax (benefit) at statutory rate | $ | 13,000 | $ | 62,000 | ||||
State and local taxes | 3,000 | 19,000 | ||||||
Permanent differences | - | 36,000 | ||||||
Change in valuation allowance | -16,000 | 117,000 | ||||||
Tax due | $ | - | $ | - | ||||
Earnings Per Share, Policy [Policy Text Block] | ' | |||||||
Loss per Share | ||||||||
Under ASC 260-10-45, “Earnings Per Share”, basic income (loss) per common share is computed by dividing the income (loss) applicable to common stockholders by the weighted average number of common shares assumed to be outstanding during the period of computation. Diluted income (loss) per common share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Accordingly, the weighted average number of common shares outstanding for the years ended December 31, 2012 and 2011, respectively, is the same for purposes of computing both basic and diluted net income per share for such years. | ||||||||
Use of Estimates, Policy [Policy Text Block] | ' | |||||||
Accounting Estimates and Assumptions | ||||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at 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. | ||||||||
Concentration Risk, Credit Risk, Policy [Policy Text Block] | ' | |||||||
Concentration of Credit Risk | ||||||||
The Company earned royalties and merchandise revenues from five licensees who are unrelated from management of the Company. During the December 31, 2012 period, revenues earned from royalties and merchandise sales from these unrelated licensees amounted to $693,889 and there was $71,911 due and outstanding as of December 31, 2012. The Company’s New York affiliate revenues increased 8% to $197,892 during the 2012 period from $182,870 during the 2011 period. The Company’s Baltimore club had revenues decrease 2% to $138,781 in the 2012 period from $142,214 in the 2011 period and Chicago revenues increased by 9% to $121,816 in the 2012 period from $112,168 in the 2011 period. In addition, revenues from the Company’s New Orleans nightclub remained the same at $120,000 in the 2012 and 2011 period. The Company’s Tampa Club had revenues increase 33% to $96,000 in the 2012 period from $72,000 in the 2011 period. The Company’s affiliate Swan Media Group, Inc., Scoreslive.com licensee website went live during 2011 and began accruing royalties in the second quarter of 2012. The Scoreslive.com licensee accounts for 1% and 0% of our total revenues for the 2012 and 2011 periods, respectively. | ||||||||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | |||||||
New Accounting Pronouncements | ||||||||
In July 2013, the FASB issued Accounting Standards Update “ASU” 2013-11 on “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists”. The amendments in this ASU are to improve the current U.S. GAAP because they are expected to reduce diversity in practice by providing guidance on the presentation of unrecognized tax benefits and will better reflect the manner in which an entity would settle at the reporting date any additional income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. Current U.S. GAAP does not include explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Early adoption is permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. | ||||||||
All other new accounting pronouncements issued but not yet effective or adopted have been deemed not to be relevant to us, hence are not expected to have any impact once adopted. | ||||||||
Summary_of_Significant_Account2
Summary of Significant Accounting Principles (Tables) | 12 Months Ended | |||||||
Dec. 31, 2012 | ||||||||
Accounting Policies [Abstract] | ' | |||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | |||||||
2012 | 2011 | |||||||
Deferred tax assets: | ||||||||
Net operating loss carryforward | $ | 2,750,000 | $ | 2,780,000 | ||||
Temporary – legal accrual | 14,000 | - | ||||||
Less valuation allowance | -2,764,000 | -2,780,000 | ||||||
Net deferred tax asset | $ | - | $ | - | ||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | |||||||
The reconciliation of the Company’s effective tax rate differs from the Federal income tax rate of 34% for the years ended December 31, 2012 and 2011, as a result of the following: | ||||||||
2012 | 2011 | |||||||
Tax (benefit) at statutory rate | $ | 13,000 | $ | 62,000 | ||||
State and local taxes | 3,000 | 19,000 | ||||||
Permanent differences | - | 36,000 | ||||||
Change in valuation allowance | -16,000 | 117,000 | ||||||
Tax due | $ | - | $ | - | ||||
Stock_Option_Tables
Stock Option (Tables) | 12 Months Ended | ||||||
Dec. 31, 2012 | |||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | ' | ||||||
Stock option activity for the two years ended December 31, 2012 is summarized as follows: | |||||||
Weighted | |||||||
Average | |||||||
Shares | Exercise Price | ||||||
Outstanding at December 31, 2010 | 85,000 | $ | 2.8 | ||||
Granted | - | - | |||||
Exercised | - | - | |||||
Expired or cancelled | - | - | |||||
Outstanding at December 31, 2011 | 85,000 | 2.8 | |||||
Granted | - | - | |||||
Exercised | - | - | |||||
Expired or cancelled | - | - | |||||
Outstanding at December 31, 2012 | 85,000 | $ | 2.8 | ||||
Summary_of_Significant_Account3
Summary of Significant Accounting Principles (Details) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Deferred tax assets: | ' | ' |
Net operating loss carryforward | $2,750,000 | $2,780,000 |
Temporary - legal accrual | 14,000 | 0 |
Less valuation allowance | -2,764,000 | -2,780,000 |
Net deferred tax asset | $0 | $0 |
Summary_of_Significant_Account4
Summary of Significant Accounting Principles (Details 1) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Tax (benefit) at statutory rate | $13,000 | $62,000 |
State and local taxes | 3,000 | 19,000 |
Permanent differences | 0 | 36,000 |
Change in valuation allowance | -16,000 | 117,000 |
Tax due | $0 | $0 |
Summary_of_Significant_Account5
Summary of Significant Accounting Principles (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Retained Earnings (Accumulated Deficit) | ($6,558,754) | ($6,597,844) |
Working Capital Surplus Deficit | -302,179 | ' |
Net Income | 39,090 | 183,627 |
Royalty Revenue | 693,889 | 629,251 |
Receivables, Net, Current | 71,911 | 112,561 |
Cash, FDIC Insured Amount | 250,000 | ' |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% | 34.00% |
Allowance for Doubtful Accounts Receivable | 0 | 14,000 |
Operating Loss Carryforwards | 6,200,000 | ' |
Operating Loss Carryforwards, Expiration Dates 1 | 'expire in the years 2018 through 2032 | ' |
Scoreslive.com [Member] | ' | ' |
Royalty Revenue, Percentage | 1.00% | 0.00% |
New York [Member] | ' | ' |
Royalty Revenue | 197,892 | 182,870 |
Royalty Revenue Percentage Increased | 8.00% | ' |
Baltimore [Member] | ' | ' |
Royalty Revenue | 138,781 | 142,214 |
Royalty Revenue Percentage Decreased | 2.00% | ' |
Chicago [Member] | ' | ' |
Royalty Revenue | 121,816 | 112,168 |
Royalty Revenue Percentage Increased | 9.00% | ' |
New Orleans [Member] | ' | ' |
Royalty Revenue | 120,000 | 120,000 |
Tampa [Member] | ' | ' |
Royalty Revenue | 96,000 | 72,000 |
Royalty Revenue Percentage Increased | 33.00% | ' |
Unrelated Licensees [Member] | ' | ' |
Royalty Revenue | 693,889 | ' |
Receivables, Net, Current | $71,911 | ' |
RelatedParty_Transactions_Deta
Related-Party Transactions (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Due To Related Parties, Current | $221,615 | $284,366 |
Contributed Services | 30,000 | 30,000 |
I.M. Operating LLC [Member] | ' | ' |
Due To Related Parties, Current | 144,115 | ' |
Robert M. Gans [Member] | ' | ' |
Related Party Rent Per Month | 2,500 | ' |
Rent Payable, Related Party | $77,500 | $47,500 |
Intangible_Assets_Details_Text
Intangible Assets (Details Textual) (USD $) | 12 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2008 | |
Trademarks [Member] | |||
Intangible Assets, Net (Excluding Goodwill) | ' | ' | $878,318 |
Amortization Of Intangible Assets | 0 | 88,725 | ' |
Finite-lived Intangible Assets Acquired | ' | ' | $250,000 |
Licensees_Details_Textual
Licensees (Details Textual) (IMO [Member]) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
IMO [Member] | ' | ' |
Percentage Of Royalty Revenue | 29.00% | 29.00% |
SettlementNote_Receivables_Det
Settlement/Note Receivables (Details Textual) (USD $) | 1 Months Ended | 12 Months Ended | |||
Sep. 30, 2011 | Dec. 31, 2012 | Dec. 29, 2011 | Sep. 26, 2011 | Sep. 14, 2009 | |
Loss Contingency Settlement Payment By Defendant | ' | ' | ' | $450,000 | ' |
Loss Contingency Agreement, Payroll Distributions | 300,000 | ' | ' | ' | ' |
Loss Contingency Settlement, Additional Payment By Defendant | ' | ' | ' | 15,600 | ' |
Loss Contingency Settlement Agreement, Advances To Defendant | 64,500 | ' | ' | ' | ' |
Loss Contingency Settlement, Amount Receivable | ' | ' | ' | 440,000 | ' |
Loss Contingency Settlement, Interest Rate On Receivables | ' | ' | ' | 5.00% | ' |
Loss Contingency Settlement Agreement Amount Receivable Per Installment | 11,965 | ' | ' | ' | ' |
Loss Contingency Settlement, Note Receivable | ' | ' | ' | ' | 2,400,000 |
Settlement Assets Current And Noncurrent | ' | 294,251 | ' | ' | ' |
Debt Instrument, Face Amount | ' | ' | 30,000 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | 5.00% | ' | ' |
Notes Payable, Current | ' | $31,535 | ' | ' | ' |
SettlementNote_Payable_Details
Settlement/Note Payable (Details Textual) (USD $) | 12 Months Ended |
Dec. 31, 2012 | |
Settlement Liability, Outstanding | $420,397 |
Mr. Gans [Member] | ' |
Advance For Settlement Of Litigation | 560,151 |
Mr. Goldring [Member] | ' |
Loan Amount | $30,000 |
Accounts_Payable_and_Accrued_E1
Accounts Payable and Accrued Expenses (Details Textual) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Accrued Legal Fees Current | $111,055 | ' |
Accrued Professional Fees, Current | 33,000 | ' |
Other Accrued Liabilities, Current | $13,649 | $82,956 |
Stock_Option_Details
Stock Option (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
Shares Outstanding-Beginning Balance | 85,000 | 85,000 |
Shares Granted | 0 | 0 |
Shares Exercised | 0 | 0 |
Shares Expired or cancelled | 0 | 0 |
Shares Outstanding-Ending Balance | 85,000 | 85,000 |
Weighted Average Exercise Price Outstanding-Beginning Balance | $2.80 | $2.80 |
Weighted Average Exercise Price Granted | $0 | $0 |
Weighted Average Exercise Price Exercised | $0 | $0 |
Weighted Average Exercise Price Expired or cancelled | $0 | $0 |
Weighted Average Exercise Price Outstanding-Ending Balance | $2.80 | $2.80 |
Stock_Option_Details_Textual
Stock Option (Details Textual) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $0 | $0 |
Commitments_and_Contingencies_
Commitments and Contingencies (Details Textual) (USD $) | 12 Months Ended | 1 Months Ended | ||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Mar. 31, 2008 | |
Robert Gan [Member] | EMS [Member] | |||
Lease Amount Per Month | ' | ' | $2,500 | ' |
Contributed Services | 30,000 | 30,000 | ' | ' |
Contributed Services Rent Per Month | 2,500 | ' | ' | ' |
Royalty Expense | ' | ' | ' | 60,000 |
Royalty Expense, Per Week | ' | ' | ' | 10,000 |
Loss Contingency, Damages Sought, Value | ' | ' | ' | 216,000 |
Loss Contingency, Damages Paid, Value | ' | ' | ' | $230,557 |
SUBSEQUENT_EVENTS_Details_Text
SUBSEQUENT EVENTS (Details Textual) (Subsequent Event [Member], USD $) | 12 Months Ended |
Dec. 31, 2012 | |
Subsequent Event [Member] | ' |
Payments for Legal Settlements | $90,000 |
Accrued Royalties, Current | $10,000 |