INVESTMENTS (Tables)

9 Months Ended

Jun. 30, 2014

INVESTMENTS

Summary of investments

	June 30,		September 30,
	2014		2013
Investment in two residential parcels	$	2,331,000	$	2,331,000
Investment in land development partnerships	4,764,000		-
Investment in leasehold land interest – Lot 4C	50,000		50,000
Total investments	$	7,145,000	$	2,381,000

Summary of financial information for the land development partnerships

	Three months ended		November 27, 2013 -
	June 30, 2014		June 30, 2014
Revenue	$	2,499,000	$	4,121,000
Gross profit	$	1,410,000	$	3,003,000
Loss from operations	$	(431,000)	$	(1,259,000)
Net loss	$	(417,000)	$	(1,226,000)

Kaupulehu Developments

INVESTMENTS

Summary of Increment I percentage of sales payment revenues received

	Three months ended					Nine months ended
	June 30,					June 30,
	2014			2013		2014			2013
Sale of interest in leasehold land:
Proceeds	$	300,000		$	-	$	440,000		$	300,000
Fees	(42,000		)	-		(62,000		)	(18,000		)
Revenues – sale of interest in leasehold land, net	$	258,000		$	-	$	378,000		$	282,000