Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME

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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Real property rental revenue $ 315,284 $ 537,538
Consulting services revenue - related parties 2,166 326,667 220,949 326,667
Total Revenues 317,450 326,667 758,487 326,667
COSTS AND EXPENSES        
Real property operating expenses 180,722 342,576
Consulting services costs - related parties 47,033 33,548 271,845 33,548
Total Costs and Expenses 227,755 33,548 614,421 33,548
REAL PROPERTY OPERATING INCOME 134,562 194,962
GROSS (LOSS) PROFIT FROM CONSULTING SERVICES (44,867) 293,119 (50,896) 293,119
OTHER OPERATING EXPENSES:        
Selling expense 148 121 15,138 121
Compensation and related benefits 468,837 857,237
Professional fees 186,208 84,038 566,131 161,113
Other general and administrative 92,421 1,127 245,080 29,583
Total Other Operating Expenses 747,614 85,286 1,683,586 190,817
(LOSS) INCOME FROM OPERATIONS (657,919) 207,833 (1,539,520) 102,302
OTHER INCOME (EXPENSE)        
Interest income 122 41 1,126 101
Interest expense (52,932) (94,932)
Foreign currency transaction loss (57,244)
Total Other (Expense) Income, net (52,810) 41 (151,050) 101
(LOSS) INCOME BEFORE INCOME TAXES (710,729) 207,874 (1,690,570) 102,403
INCOME TAXES
NET (LOSS) INCOME (710,729) 207,874 (1,690,570) 102,403
COMPREHENSIVE (LOSS) INCOME        
NET (LOSS) INCOME (710,729) 207,874 (1,690,570) 102,403
Unrealized foreign currency translation gain (loss) 6,151 216 (25,973) 431
COMPREHENSIVE (LOSS) INCOME $ (704,578) $ 208,090 $ (1,716,543) $ 102,834
NET (LOSS) INCOME PER COMMON SHARES:        
Basic and diluted (in dollars per share) $ (0.011) $ 0.004 $ (0.026) $ 0.002
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic and diluted (in shares) 64,628,622 50,000,000 63,958,292 50,000,000