Quarterly report pursuant to Section 13 or 15(d)

Assets and Liabilities Transferred to Trust Mortgage - 350 Green (Tables)

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Assets and Liabilities Transferred to Trust Mortgage - 350 Green (Tables)
 3 Months Ended
Mar. 31, 2015
Business Combinations [Abstract]  
Schedule of Consolidated Statements of Operations

The following amounts pertaining to 350 Green are included in the condensed consolidated statement of operations for the three months ended March 31, 2015:

 

    For The Three  
    Months Ended  
    March 31, 2015  
    (unaudited)  
       
Revenues   $ -  
         
Cost of Revenues     -  
Gross Profit     -  
         
Operating Expenses:        
General and administrative expenses     337  
Total Operating Expenses     337  
Income From Operations     (337 )
         
Other Income:        
Interest income     3,010  
Gain on settlement of accrued expenses     51,064  
Total Other Income     54,074  
Net Income   $ 53,737  

Schedule of Non-controlling Interest

The following represents the change in the balance of the non-controlling interest:

 

Balance - December 31, 2014   $ (4,400,730 )
         
Net income of 350 Green for the three months ended March 31, 2015     53,737  
         
Balance - March 31, 2015   $ (4,346,993 )

Schedule of Accrued Expenses

Accrued expenses pertaining to 350 Green consisted of the following:

 

    March 31, 2015      December 31,  2014  
    (unaudited)        
Accrued taxes   $ 120,133     $ 113,531  
Accrued host fees     -       51,064  
Accrued fees     158,021       158,021  
Total   $ 278,154     $ 322,616