Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Mar. 31, 2015 | 5-May-15 | |
Document And Entity Information | ||
Entity Registrant Name | ALL AMERICAN SPORTPARK INC | |
Entity Central Index Key | 930245 | |
Document Type | 10-Q | |
Document Period End Date | 31-Mar-15 | |
Amendment Flag | FALSE | |
Current Fiscal Year End Date | -19 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 4,624,123 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2015 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Unaudited) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Current assets: | ||
Cash | $52,030 | $2,200 |
Accounts receivable | 5,415 | 3,000 |
Prepaid expenses and other current assets | 8,998 | 5,737 |
Total current assets | 66,443 | 10,937 |
Property and equipment, net of accumulated depreciation of $756,040 and $728,726, as of March 31, 2015 and December 31, 2014, respectively | 582,589 | 601,164 |
Total Assets | 649,032 | 612,101 |
Current liabilities: | ||
Cash in excess of available funds | 4,172 | 20,018 |
Accounts payable and accrued expenses | 536,614 | 531,025 |
Current portion of deferred revenue | 150,000 | 75,000 |
Current portion of notes payable - related parties | 4,314,226 | 4,386,056 |
Current portion of due to related parties | 1,650,794 | 1,617,550 |
Current portion of capital lease obligation | 6,782 | 30,520 |
Accrued interest payable - related party | 5,888,211 | 5,825,801 |
Total current liabilities | 12,550,799 | 12,485,970 |
Long-term liabilities: | ||
Long-term portion of capital lease obligation | 82,057 | 65,806 |
Deferred revenue | 150,000 | 100,000 |
Deferred rent liability | 593,274 | 604,219 |
Total long-term liabilities | 825,331 | 770,025 |
Stockholder's deficit: | ||
Common stock, $0.001 par value, 50,000,000 shares authorized, 4,624,123 and 4,522,123 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively | 4,624 | 4,624 |
Prepaid equity-based compensation | -3,211 | -4,626 |
Additional paid-in capital | 14,408,270 | 14,408,270 |
Accumulated deficit | -27,587,360 | -27,450,306 |
Total All-American SportPark, Inc. stockholders' deficit | -13,177,677 | -13,042,038 |
Non-controlling interest in net assets of subsidiary | 450,579 | 398,144 |
Total stockholders' deficit | -12,727,098 | -12,643,894 |
Total Liabilities and Stockholders' Deficit | 649,032 | 612,101 |
Preferred Stock, Series "B" | ||
Stockholder's deficit: | ||
Preferred stock, Series "B", $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Common Stock, par value | $0.00 | $0.00 |
Common Stock, authorized | 50,000,000 | 50,000,000 |
Common Stock, issued | 4,624,123 | 4,522,123 |
Common Stock, outstanding | 4,624,123 | 4,522,123 |
Property And Equipment, accumulated depreciation | $756,040 | $728,726 |
Preferred Stock, Series "B" | ||
Preferred Stock, par value | $0.00 | $0.00 |
Preferred Stock. authorized | 10,000,000 | 10,000,000 |
Preferred Stock, issued | 0 | 0 |
Preferred Stock, outstanding | 0 | 0 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Income Statement [Abstract] | ||
Revenue | $520,000 | $571,954 |
Revenue - Related Party | 40,950 | 40,950 |
Total Revenue | 560,980 | 612,904 |
Cost of revenue | 144,515 | 189,060 |
Gross profit | 416,465 | 423,844 |
Expenses: | ||
General and administrative expenses | 340,546 | 344,055 |
Depreciation and amortization | 27,314 | 28,205 |
Total expenses | 367,860 | 372,260 |
Net operating income (loss) | 48,605 | 51,584 |
Other income (expense): | ||
Interest expense | -133,224 | -133,544 |
Total other income (expense) | -133,224 | -133,544 |
Net loss before provision for income tax | -84,619 | -81,960 |
Provision for income tax expense | ||
Net loss | -84,619 | -81,960 |
Net income attributable to non-controlling interest | 52,435 | 60,049 |
Net loss attributable to All-American SportPark, Inc. | ($137,054) | ($142,009) |
Net loss per share - basic and fully diluted | ($0.02) | ($0.02) |
Weighted average number ofcommon shares outstanding - basic and fully diluted | 4,624,123 | 4,624,123 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Cash flows from operating activities | ||
Net loss | ($84,619) | ($81,960) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities | ||
Depreciation and amortization expense | 27,314 | 28,205 |
Stock-based compensation | 1,415 | 1,416 |
Changes in operating assets and liabilities: | ||
Accounts receivable | -2,415 | -7,020 |
Prepaid expenses and other current assets | -3,261 | -159,521 |
Cash issued in excess of available funds | -15,846 | -20,756 |
Accounts payable and accrued expenses | 5,589 | 21,047 |
Deferred revenue | 125,000 | 125,000 |
Deferred rent liability | -10,945 | -10,945 |
Accrued interest payable - related party | 62,410 | 107,126 |
Net cash provided by operating activities | 104,642 | 2,592 |
Cash flows from investing activities | ||
Purchase of property and equipment | -8,739 | -34,436 |
Net cash used in investing activities | -8,739 | -34,436 |
Cash flows from financing activities | ||
Proceeds from related parties | 320,266 | 39,707 |
Repayments to related parties | -287,022 | |
Payment on capital lease obligation | -7,487 | 12,326 |
Proceeds from note payable - related parties | 34,720 | 41,100 |
Payments on notes payable - related parties | -106,550 | |
Net cash provided by financing activities | 46,073 | 68,481 |
Net increase in cash | 49,830 | 36,637 |
Cash - beginning | 2,200 | |
Cash - ending | 52,030 | 36,637 |
Supplemental disclosures: | ||
Interest paid | 43,926 | 1,673 |
Income taxes paid |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Note 1 – Basis of presentation |
The consolidated interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by All-American SportPark, Inc. (the “Company”), without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. | |
These statements reflect all adjustments, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these consolidated interim financial statements be read in conjunction with the consolidated financial statements of the Company for the year ended December 31, 2014 and notes thereto included in the Company's Form 10-K. The Company follows the same accounting policies in the preparation of consolidated interim reports. | |
Results of operations for interim periods may not be indicative of annual results. | |
Certain reclassifications have been made in prior periods’ financial statements to conform to classifications used in the current period. |
Going_Concern
Going Concern | 3 Months Ended |
Mar. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | Note 2 – Going concern |
As of March 31, 2015, we had an accumulated deficit of $27,587,360. In addition, the Company’s current liabilities exceed its current assets by $12,484,356 as of March 31, 2015. | |
The Company’s management believes that its continuing operations may not be sufficient to fund operating cash needs and debt service requirements over at least the next 12 months. As such, management plans on seeking other sources of funding including the restructuring of current debt as needed, which may include Company officers or directors and/or other related parties. In addition, management continues to analyze all operational and administrative costs of the Company and has made and will continue to make the necessary cost reductions as appropriate. The inability to build attendance to profitable levels beyond a 12-month period may require the Company to seek additional debt, restructure existing debt or equity financing to meet its obligations as they come due. There is no assurance that the Company would be successful in securing such debt or equity financing in amounts or with terms acceptable to the Company. | |
Nevertheless, management continues to seek out financing to help fund working capital needs of the Company. In this regard, management believes that additional borrowings against the TMGE could be arranged although there can be no assurance that the Company would be successful in securing such financing or with terms acceptable to the Company. Among its alternative courses of action, management of the Company may seek out and pursue a business combination transaction with an existing private business enterprise that might have a desire to take advantage of the Company's status as a public corporation. There is no assurance that the Company will acquire a favorable business opportunity through a business combination. In addition, even if the Company becomes involved in such a business opportunity, there is no assurance that it would generate revenues or profits, or that the market price of the Company's common stock would be increased thereby. | |
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 result should the Company be unable to continue as a going concern. |
Recent_Accounting_Policies
Recent Accounting Policies | 3 Months Ended |
Mar. 31, 2015 | |
Accounting Changes and Error Corrections [Abstract] | |
Recent Accounting Policies | Note 3 – Recent accounting policies |
The Company believes there are no new accounting pronouncements adopted but not yet effective that is relevant to the readers of our financial statements. |
Non_Controlling_Interest
Non Controlling Interest | 3 Months Ended |
Mar. 31, 2015 | |
Noncontrolling Interest [Abstract] | |
Non Controlling Interest | Note 4 – Non controlling interest |
Non-controlling interest represents the minority stockholders’ proportionate share of the equity of All-American Golf Center ("AAGC') which is a 51% owned subsidiary of the Company. At March 31, 2015, we owned 51% of AAGC’s capital stock, representing voting control and a majority interest. Our controlling ownership interest requires that AAGC’s operations be included in the Condensed Consolidated Financial Statements contained herein. The 49% equity interest that is not owned by us is shown as “Non-controlling interest in consolidated subsidiary” in the Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets. As of March 31, 2015, St. Andrews Golf Shop, our minority interest partner and a related party, held a $450,579 interest in the net asset value of our subsidiary AAGC and a $52,435 interest in the net income from operations of AAGC. |
Related_Party_Transactions
Related Party Transactions | 3 Months Ended | ||||||
Mar. 31, 2015 | |||||||
Related Party Transactions [Abstract] | |||||||
Related Party Transactions | Note 5 – Related party transactions | ||||||
Due to related parties | |||||||
The Company’s employees provide administrative/accounting support for (a) three golf retail stores, named Saint Andrews Golf Shop ("SAGS"), Las Vegas Golf and Tennis ("Boca Store") and Las Vegas Golf and Tennis Superstore (“Westside 15 Store”), owned by Ronald Boreta, the Company's President, and his brother, John Boreta, a Director of the Company. The SAGS store is the retail tenant in the TMGE. | |||||||
Administrative/accounting payroll and employee benefits expenses are allocated based on an annual review of the personnel time expended for each entity. Amounts allocated to these related parties by the Company approximated $4,598 and $6,131 for the three months ended March 31, 2015 and 2014, respectively. The Company records this allocation by reducing the related expenses and allocating them to the related parties. | |||||||
In addition to the administrative/accounting support provided by the Company to the above stores, the Company received funding for operations from these and various other stores owned by the Company’s President and his brother, and the former Chairman. These funds helped pay for office supplies, phone charges, postages, and salaries. The net amount due to these stores totaled $1,650,794 and $1,617,550 as of March 31, 2015 and December 31, 2014, respectively. The amounts are non-interest bearing and due out of available cash flows of the Company. Additionally, the Company has the right to offset the administrative/accounting support against the funds received from these stores. | |||||||
Both Ronald Boreta and John Boreta have continued to defer half of their monthly salaries until the Company is in a more positive financial state. The amounts deferred for the first three months of 2015 and 2014 were $24,375 and $24,375, respectively. | |||||||
Notes and Interest Payable to Related Parties: | |||||||
The Company has various notes and interest payable to the following entities as of March 31, 2015, and December 31, 2014, respectively: | |||||||
2015 | 2014 | ||||||
Various notes payable to Vaso Boreta bearing 10% per annum and due on demand (1) | $ | 3,200,149 | $ | 3,200,149 | |||
Note payable to BE Holdings 1, LLC, owned by the chairman of the board, bearing 10% per annum and due on demand (2) | $ | 100,000 | $ | 100,000 | |||
Various notes payable to SAGS, bearing 10% per annum and due on demand (3) | 724,656 | $ | 813,846 | ||||
Various short term notes payable to the Westside 15 Store, bearing 10% per annum and due on demand (5) | $ | 88,921 | $ | 71,561 | |||
Note payable to BE, III bearing 10% per annum and due on demand (6) | $ | 200,500 | $ | 200,500 | |||
Total | $ | 4,314,226 | $ | 4,386,056 | |||
1) | Vaso Boreta is the former Chairman of the Board of the Company who passed away in October 2013. | ||||||
2) | BE Holdings1. LLC is owned by Ronald Boreta and John Boreta. | ||||||
3) | Saint Andrews is owned by Ronald Boreta and John Boreta. | ||||||
4) | The Notes are in the principal amount of $37,500 each. | ||||||
5) | The Westside 15 Store is owned by Ronald Boreta and John Boreta | ||||||
6) | BE III, LLC is owned by Ronald Boreta and John Boreta. | ||||||
All maturities of related party notes payable and the related accrued interest payable as of March 31, 2015 are due and payable upon demand. At March 31, 2015, the Company has no loans or other obligations with restrictive debt or similar covenants. | |||||||
On June 15, 2009, the Company entered into a “Stock Transfer Agreement” with St. Andrews Golf, Ltd. a Nevada limited liability company, which is wholly-owned by Ronald Boreta, our chief executive officer and John Boreta, a principal shareholder and now a Director of the Company. Pursuant to this agreement, we agreed to transfer a 49% interest in our wholly owned subsidiary, AAGC as a partial principal payment in the amount of $600,000 on the Company’s outstanding loan due to St. Andrews Golf Shop, Ltd. In March 2009, the Company engaged the services of an independent third party business valuation firm, Houlihan Valuation Advisors, to determine the fair value of the business and the corresponding minority interest. Based on the Minority Value Estimate presented in connection with this appraisal, which included valuations utilizing the income, market and transaction approaches in its valuation methodology, the fair value of a 49% interest totaled $ 600,000. | |||||||
As of March 31, 2015 and December 31, 2014, accrued interest payable - related parties related to the notes payable – related parties totaled $5,888,211 and $5,825,801 respectively. | |||||||
Lease to SAGS | |||||||
The Company subleases space in the clubhouse to SAGS. Base rent includes $13,104 per month through July 2013 with a 5% increase for each of two 5-year options to extend in July 2013 and July 2017. For the three months ending March 31, 2015 and 2014, the Company recognized rental income totaling $40,950 and $40,950, respectively. |
Commitments
Commitments | 3 Months Ended | |||||
Mar. 31, 2015 | ||||||
Commitments and Contingencies Disclosure [Abstract] | ||||||
Commitments | Note 6 – Commitments | |||||
Lease agreements | ||||||
The land underlying the TMGE is leased under an operating lease that was to initially expire in 2013 and had two five-year renewal options. In March 2006, the Company exercised the first of two options, extending the lease to 2018. Also, the lease has a provision for contingent rent to be paid by AAGC upon reaching certain levels of gross revenues. The Company recognizes the minimum rental expense on a straight-line basis over the term of the lease, which includes the two five year renewal options. | ||||||
At March 31, 2015, minimum future lease payments under non-cancelable operating leases are as follows: | ||||||
2015 | $ | 397,380 | ||||
2016 | 529,840 | |||||
2017 | 543,086 | |||||
Thereafter | 2,768,416 | |||||
Total | $ | 4,238,724 | ||||
Total rent expense for this operating lease was $132,460 and $132,460 for the three months ended March 31, 2015 and 2014. | ||||||
Capital Lease | ||||||
The Company entered into a capital lease for new Club Car gas powered golf carts. The lease is 48 months in length and started on December 8, 2013. The Company pays $2,887 a month in principal and interest expense related to the lease. | ||||||
The following is a schedule by year of future minimum payments required under these lease agreements. | ||||||
Yearly Amount | ||||||
2015 | $ 23,032 | |||||
2016 | 32,082 | |||||
2017 | 22,724 | |||||
Total | $ 88,838 | |||||
Accumulated depreciation for the capital leases as of March 31, 2015 and December 31, 2014 was $59,056 and $50,820, respectively. | ||||||
Customer Agreement | ||||||
On June 19, 2009, AAGC entered into a Customer Agreement with Callaway Golf Company ("Callaway") and Saint Andrews pursuant to which Callaway has agreed to make certain cash payments and other consideration to AAGC and Saint Andrews in exchange for an exclusive marketing arrangement for the golf center operated by AAGC. Callaway is a major golf equipment manufacturer and supplier. | ||||||
On March 9, 2013, AAGC entered into an amendment to its Customer Agreement with Callaway (the “Amendment”). The Amendment provided that AAGC was to use all reasonable efforts to negotiate and enter into a non-exclusive written contract with an alternative retail branding partner. In the event that AAGC was successful in executing a written contract with an alternative retail branding partner, the Customer Agreement would terminate on June 30, 2013. | ||||||
Pursuant to the terms of the Amendment, Callaway was not required to pay any marketing funds or other fees or expenses required under the Customer Agreement during the first two quarters of 2013. The Amendment also provided that Callaway could, at its option, continue to feature its products in a second position at the golf center, of which they have chosen to do, after termination of the Customer Agreement, under certain terms and conditions. | ||||||
Sponsorship Agreement | ||||||
On March 27, 2013, AAGC entered into a Golf Center Sponsorship Agreement (“Sponsorship Agreement”) with Taylor Made Golf Company, Inc., doing business as TaylorMade-adidas Golf Company (“TMaG”) pursuant to which the golf center operated by AAGC was to be rebranded using TaylorMade® and other TMaG trademarks. | ||||||
As part of the Sponsorship Agreement, TMaG agreed to reimburse AAGC for the reasonable costs associated with the rebranding efforts, including the costs associated with the build-out of the golf center and a new performance lab (described below), up to a specified maximum amount. In addition AAGC received a payment of $200,000 upon execution of the Sponsorship Agreement and, so long as AAGC continues to operate the golf center and comply with the terms and conditions of the Sponsorship Agreement TMaG was to make additional payments to AAGC on each of March 26, 2015 and March 26, 2015. | ||||||
The Sponsorship Agreement provides that TMaG would install a performance lab at AAGC's facility that would include one nine-camera motion analysis system and one putting lab, and would provide additional services, equipment, supplies and resources for the golf center. The performance lab was installed in 2013. Phase I of the remodeling of the golf center included the entire golf shop, activities area/golf check-in and restaurant area and was completed in the first quarter of 2015. Phase II is expected to begin in the second or third quarter of 2015 and will involve remodeling the driving range area and additional construction in the golf shop. | ||||||
The Sponsorship Agreement includes provisions concerning the display of TMaG merchandise, payment terms, retail sales targets and other related matters. Also, Saint Andrews Golf Shop, a tenant of AAGC which is owned by Ronald Boreta, the Company's President, and John Boreta, a Director of the Company, will receive a quarterly rebate based on the wholesale price of the TMaG merchandise purchased at the golf center. In addition, provided that the Las Vegas Golf and Tennis stores owned by Ronald Boreta and John Boreta maintain TMaG as their premier vendor at its locations, TMaG will pay such stores a quarterly rebate based on the wholesale price of the TMaG merchandise purchased at those locations. | ||||||
The initial term of the Sponsorship Agreement is for five years. AAGC and TMaG may mutually agree in writing to extend the Sponsorship Agreement for an additional four year period; provided that the option to renew the Agreement shall be determined by the parties not later than ninety (90) days prior to the end of the initial term and shall be consistent with the AAGC's lease on its golf center property. |
Stockholders_Deficit
Stockholders' Deficit | 3 Months Ended |
Mar. 31, 2015 | |
Equity [Abstract] | |
Stockholders' Deficit | Note 7 – Stockholders' deficit |
Preferred stock | |
As of March 31, 2015, we had no preferred shares issued and outstanding. | |
Common stock | |
As of March 31, 2015, we had 4,624,123 shares of our $0.001 par value common stock issued and outstanding. | |
Equity-based compensation | |
On May 24, 2013, the Company granted 68,000 shares of restricted common stock to one director and one employee for services. In accordance with the terms of the grant, the shares will vest in full at the end of two years from the date of grant for the director. The restricted common stock granted to the employee will vest in full at the end of three years from the date of grant. The Company has recorded prepaid stock-based compensation of $3,211 representing the estimated fair value on the date of grant, and will amortize the fair market value of the shares to compensation expense ratably over the two and three year vesting periods. |
Subsequent_Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 8 – Subsequent Events |
On March 30, 2015 the Company received a payment under the TMaG agreement as disclosed in Note 6 – Commitments. |
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 3 Months Ended | ||||||
Mar. 31, 2015 | |||||||
Related Party Transactions [Abstract] | |||||||
Notes and Interest Payable to Related Parties | 2015 | 2014 | |||||
Various notes payable to Vaso Boreta bearing 10% per annum and due on demand (1) | $ | 3,200,149 | $ | 3,200,149 | |||
Note payable to BE Holdings 1, LLC, owned by the chairman of the board, bearing 10% per annum and due on demand (2) | $ | 100,000 | $ | 100,000 | |||
Various notes payable to SAGS, bearing 10% per annum and due on demand (3) | 724,656 | $ | 813,846 | ||||
Various short term notes payable to the Westside 15 Store, bearing 10% per annum and due on demand (5) | $ | 88,921 | $ | 71,561 | |||
Note payable to BE, III bearing 10% per annum and due on demand (6) | $ | 200,500 | $ | 200,500 | |||
Total | $ | 4,314,226 | $ | 4,386,056 |
Commitments_Tables
Commitments (Tables) | 3 Months Ended | |||||
Mar. 31, 2015 | ||||||
Commitments and Contingencies Disclosure [Abstract] | ||||||
Operating Lease Agreements | 2015 | $ | 397,380 | |||
2016 | 529,840 | |||||
2017 | 543,086 | |||||
Thereafter | 2,768,416 | |||||
Total | $ | 4,238,724 | ||||
Capital Lease Commitments | Yearly Amount | |||||
2015 | $ 23,032 | |||||
2016 | 32,082 | |||||
2017 | 22,724 | |||||
Total | $ 88,838 | |||||
Related_Party_Transactions_Det
Related Party Transactions (Detail) - Notes and Interest Payable to Related Parties (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Notes Payable, current and non-current | $4,314,226 | $4,386,056 |
Vaso Boreta [Member] | ||
Notes Payable, current and non-current | 3,200,149 | 3,200,149 |
Notes Payable, interest | 10.00% | 10.00% |
BE Holdings 1, LLC [Member] | ||
Notes Payable, current and non-current | 100,000 | 100,000 |
Notes Payable, interest | 10.00% | 10.00% |
SAGS [Member] | ||
Notes Payable, current and non-current | 724,656 | 813,846 |
Notes Payable, interest | 10.00% | 10.00% |
Westside, 15, LLC [Member] | ||
Notes Payable, current and non-current | 88,921 | 71,561 |
BE, III [Member] | ||
Notes Payable, current and non-current | $200,500 | $200,500 |
Notes Payable, interest | 10.00% | 10.00% |
Commitments_Detail_Operating_L
Commitments (Detail) - Operating Lease Agreements (USD $) | Mar. 31, 2015 |
Commitments and Contingencies Disclosure [Abstract] | |
2015 | $397,380 |
2016 | 529,840 |
2017 | 543,086 |
Thereafter | 2,768,416 |
Total | $4,238,724 |
Commitments_Details_Capital_Le
Commitments (Details) - Capital Lease Commitments (USD $) | Mar. 31, 2015 |
Commitments and Contingencies Disclosure [Abstract] | |
2015 | $23,032 |
2016 | 32,082 |
2017 | 22,724 |
Total | $88,838 |
Going_Concern_Details_Narrativ
Going Concern (Details Narrative) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Accumulated deficit | $27,587,360 | $27,450,306 |
Current Liabilities Exceed Current Assets | $12,484,356 |
Non_Controlling_Interest_Detai
Non Controlling Interest (Details Narrative) (USD $) | 3 Months Ended | |||
Mar. 31, 2015 | Dec. 31, 2014 | Jun. 15, 2009 | Mar. 31, 2009 | |
Noncontrolling Interest [Abstract] | ||||
Percentage Owned in Subsidiary | 51.00% | |||
Minority Ownership | 49.00% | 49.00% | 49.00% | |
Minority Interest Partner And A Related Party (St. Andrews Golf Shop) Ownership Interest In Subsidiary's Net Asset Value | $450,579 | $398,144 | ||
Minority Interest Partner And A Related Party (St. Andrews Golf Shop) Ownership Interest In Subsidiary's Net Income From Operations | $52,435 |
Related_Party_Transactions_Det1
Related Party Transactions (Details Narrative) (USD $) | 0 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||
Jun. 15, 2009 | Jul. 31, 2017 | Jul. 31, 2013 | Mar. 31, 2009 | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Related Party Transactions [Abstract] | |||||||
Administrative/Accounting Payroll And Employee Benefits Expenses | $4,598 | $6,131 | |||||
Current portion due to related parties | 1,650,794 | 1,617,550 | |||||
Deferred Salaries | 24,375 | 24,375 | |||||
Minority Ownership | 49.00% | 49.00% | 49.00% | ||||
Minority Ownership, sale price | 600,000 | ||||||
Minority Ownership, fair value valuation description | Minority Value Estimate presented in connection with this appraisal, which included valuations utilizing the income, market and transaction approaches in its valuation methodology | ||||||
Minority Ownership, fair value | 600,000 | ||||||
Accrued Interest Payable Related Party | 5,888,211 | 5,825,801 | |||||
Sublease Space, monthly rental income | 13,104 | ||||||
Sublease Space 5-Year Options Increase | 5.00% | 5.00% | |||||
Rental Income | $40,950 | $40,950 |
Commitments_Details_Narrative
Commitments (Details Narrative) (USD $) | 3 Months Ended | |||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | Mar. 27, 2013 | |
Rent Expense | $132,460 | $132,460 | ||
Capital Leases, accumulated depreciation | 59,056 | 50,820 | ||
Initial Payment, Sponsorship Agreement | 200,000 | |||
Golf Cart [Member] | ||||
Lease Expense, pricipal and interest, monthly | $2,887 |
Stockholders_Deficit_Details_N
Stockholders' Deficit (Details Narrative) (USD $) | 1 Months Ended | 3 Months Ended | ||
24-May-13 | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Equity [Abstract] | ||||
Common Stock, par value | $0.00 | $0.00 | $0.00 | |
Common Stock, issued | 4,624,123 | 4,624,123 | 4,522,123 | |
Common Stock, outstanding | 4,624,123 | 4,624,123 | 4,522,123 | |
Shares Granted for Services | 68,000 | |||
Share Offering Vesting Terms | The shares will vest in full at the end of two years from the date of grant for the director. | |||
Share Offering Compensation Cost | $3,211 | $1,415 | $1,416 |
Subsequent_Events_Details_Narr
Subsequent Events (Details Narrative) | 3 Months Ended |
Mar. 31, 2015 | |
Subsequent Events [Abstract] | |
Date Of Event | 30-Mar-15 |
Event Description | On March 30, 2015 the Company received a payment under the TMaG agreement as disclosed in Note 6 - Commitments. |