Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Acquisitions (Tables)

v3.2.0.727
Note 2 - Acquisitions (Tables)
6 Months Ended
Jun. 30, 2015
Franchises in Phoenix and Tucson, Arizona [Member]  
Notes Tables  
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  
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   $ 1,346,766  
Intangible assets     1,070,500  
Goodwill     2,111,564  
Total assets acquired     4,528,830  
Deferred membership revenue     (107,555 )
Net assets acquired   $ 4,421,275  
Business Acquisition, Pro Forma Information [Table Text Block]
    Pro Forma for the Three Months Ended   Pro Forma for the Six Months Ended
    June 30, 2015   June 30, 2014   June 30, 2015   June 30, 2014
Revenues, net   $ 3,595,084     $ 2,393,624     $ 6,650,946     $ 4,568,248  
Net loss   $ (1,992,385 )   $ (783,166 )   $ (4,155,929 )   $ (1,508,163 )