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)
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2015:

 

    For The Three     For The Six  
    Months Ended     Months Ended  
    June 30, 2015     June 30, 2015  
    (unaudited)     (unaudited)  
             
Revenues   $ -     $ -  
                 
Cost of Revenues     -       -  
                 
Gross Profit     -       -  
                 
Operating Expenses:                
General and administrative expenses     -       -  
Total Operating Expenses     -       -  
                 
Income (Loss) From Operations     -       -  
                 
Other Income:                
Interest income     3,042       6,052  
Gain on settlement of accrued expenses     10,215       60,942  
                 
Total Other Income     13,257       66,994  
                 
Net Income   $ 13,257     $ 66,994  

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 six months ended June 30, 2015     66,994  
         
Balance - June 30, 2015   $ (4,333,736 )

Schedule of Accrued Expenses Pertaining

Accrued expenses pertaining to 350 Green consisted of the following:

 

    June 30, 2015     December 31, 2014  
    (unaudited)        
Accrued taxes   $ 120,132     $ 113,531  
Accrued host fees     -       51,064  
Accrued fees     148,030       158,021  
Total   $ 268,162     $ 322,616