Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Acquistions (Tables)

v2.4.1.9
Note 2 - Acquistions (Tables)
 3 Months Ended
Mar. 31, 2015
Note 2 - Acquistions (Tables) [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
Property and equipment
  $ 297,630  
Intangible assets
    153,000  
Goodwill
    636,104  
Total assets acquired
    1,086,734  
Unfavorable leases
    (227,834 )
Net assets acquired
  $ 858,900  
Property and equipment
  $ 150,000  
Intangible assets
    155,000  
Goodwill
    626,973  
Total assets acquired
    931,973  
Deferred membership revenue
    (24,523 )
Net assets acquired
  $ 907,450  
Property and equipment
  $ 150,000  
Intangible assets
    123,000  
Goodwill
    492,996  
Total assets acquired
    765,996  
Deferred membership revenue
    (43,546 )
Net assets acquired
  $ 722,450  
Property and equipment
  $ 150,000  
Intangible assets
    34,000  
Goodwill
    20,100  
Total assets acquired
  $ 204,100  
Property and equipment
  $ 75,000  
Intangible assets
    17,000  
Goodwill
    21,170  
Total assets acquired
    113,170  
Deferred membership revenue
    (13,170 )
Net assets acquired
  $ 100,000  
Business Acquisition, Pro Forma Information [Table Text Block]
   
Pro Forma for the Three Months Ended
 
   
March 31, 2015
   
March 31, 2014
 
Revenues, net
  $ 2,667,820     $ 1,848,689  
Net loss
    (1,979,530 )     (505,834 )
Franchises in Phoenix and Tucson, Arizona [Member]  
Note 2 - Acquistions (Tables) [Line Items]  
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]
   
December 31, 2014
 
   
As reported
   
As revised
 
             
Deferred franchise costs - current portion
  $ 668,700     $ 622,800  
Goodwill
    677,204       636,104  
Deferred revenue - current portion
    2,044,500       1,957,500