Quarterly report pursuant to Section 13 or 15(d)

Restated Financial Statements For The Three Months Ended March 2014 (Balance Sheet) (Details)

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Restated Financial Statements For The Three Months Ended March 2014 (Balance Sheet) (Details) (USD $)
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Current Assets:          
Cash $ 7,825,865 $ 1,628,529 $ 507,728 $ 382,946  
Accounts receivable 2,487 1,093      
Inventory 16,500 16,500      
Prepaid expense 17,477 17,477      
Security deposit 15,000 15,000     15,000
Available-for-sale securities 10,345,520 2,900,090      
Deferred income taxes - current 758,000 758,000      
Total Current Assets 22,030,668 7,097,877      
Property and equipment, net 209,232 227,298      
Deferred income taxes - non current 282,000 282,000      
TOTAL ASSETS 22,521,900 7,607,175      
Current Liabilities:          
Accounts payable and accrued liabilities 64,552 39,374      
Related party notes payable 1,911,028 1,882,648      
Total Current Liabilities 1,975,580 1,922,022      
Noncurrent related party notes payable 8,680,183 8,562,355      
Total Liabilities 10,655,763 10,484,377      
STOCKHOLDERS' EQUITY (DEFICIT)          
Preferred stock 2 2      
Common stock 13,663 13,663      
Additional paid-in capital 14,049,717 14,049,717      
Unrealized gain (loss) on available-for-sale securities (6,222,921) 1,285,009      
Retained deficit (8,420,166) (15,655,575)      
Total Stockholders' Equity (Deficit) 11,866,137 (2,877,202)      
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 22,521,900 7,607,175      
As Reported
         
Current Assets:          
Cash 7,825,865        
Accounts receivable 2,487        
Inventory 16,500        
Prepaid expense 17,477        
Prepaid on stock purchase           
Security deposit 15,000        
Trading securities 2,968,569        
Available-for-sale securities 10,793,820        
Deferred income taxes - current 758,000        
Total Current Assets 22,397,718        
Property and equipment, net 209,232        
Deferred income taxes - non current 282,000        
TOTAL ASSETS 22,888,950        
Current Liabilities:          
Accounts payable and accrued liabilities 64,552        
Due for stock purchase 27,500        
Related party notes payable 1,911,028        
Total Current Liabilities 2,003,080        
Noncurrent related party notes payable 8,680,183        
Total Liabilities 10,683,263        
STOCKHOLDERS' EQUITY (DEFICIT)          
Preferred stock 2        
Common stock 13,663        
Additional paid-in capital 14,049,717        
Unrealized gain (loss) on available-for-sale securities 6,562,471        
Retained deficit (8,420,166)        
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 12,205,687        
Adjustment
         
Current Assets:          
Cash           
Accounts receivable           
Inventory           
Prepaid expense           
Prepaid on stock purchase 81,250 [1]        
Security deposit           
Trading securities           
Available-for-sale securities (448,300) [1]        
Deferred income taxes - current    [2]        
Total Current Assets (367,050)        
Property and equipment, net           
Deferred income taxes - non current    [2]        
TOTAL ASSETS (367,050)        
Current Liabilities:          
Accounts payable and accrued liabilities           
Due for stock purchase (27,500)        
Related party notes payable    [3]        
Total Current Liabilities (27,500)        
Noncurrent related party notes payable    [4]        
Total Liabilities (27,500)        
STOCKHOLDERS' EQUITY (DEFICIT)          
Preferred stock           
Common stock           
Additional paid-in capital    [5]        
Unrealized gain (loss) on available-for-sale securities (339,550) [1]        
Retained deficit           
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) (339,550)        
As Restated
         
Current Assets:          
Cash 7,825,865        
Accounts receivable 2,487        
Inventory 16,500        
Prepaid expense 17,477        
Prepaid on stock purchase 81,250        
Security deposit 15,000        
Trading securities 2,968,569        
Available-for-sale securities 10,345,520        
Deferred income taxes - current 758,000        
Total Current Assets 22,030,668        
Property and equipment, net 209,232        
Deferred income taxes - non current 282,000        
TOTAL ASSETS 22,521,900        
Current Liabilities:          
Accounts payable and accrued liabilities 64,552        
Due for stock purchase           
Related party notes payable 1,911,028        
Total Current Liabilities 1,975,580        
Noncurrent related party notes payable 8,680,183        
Total Liabilities 10,655,763        
STOCKHOLDERS' EQUITY (DEFICIT)          
Preferred stock 2        
Common stock 13,663        
Additional paid-in capital 14,049,717        
Unrealized gain (loss) on available-for-sale securities 6,222,921        
Retained deficit (8,420,166)        
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 11,866,137        
[1] Change is due to a material departure from GAAP due to the Company using the valuation date subsequent to period end to value its marketable securities
[2] The change is due to reversal of deferred tax allowance.
[3] The change is due to the mark to market of the new available for sale securities.
[4] In 2012 the Company acquired 3,500,000 shares of Plandai, Inc. valued at the FMV of $1,575,000 and 3,500,000 shares of Inscor, Inc. valued at the FMV of $3,675,000 from Berkshire Capital Management. In 2013 the Company acquired 8,000,000 shares of Nuvilex, Inc. valued at the FMV of $1,420,000 from Berkshire Capital Management and 8,230,637 shares of Nuvilex, Inc. valued at the FMV of $1,185,218 from Joseph Fiore. The shares were exchanged for four separate demand notes, carrying an interest rate of 6%.
[5] Change is due to from changing the original accounting of shares contributed to the Company from Berkshire Capital Management from additional paid in capital to demand notes.