XML 27 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT REPORTING (Details) (USD $)
3 Months Ended 9 Months Ended 0 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
item
Sep. 30, 2012
Dec. 31, 2012
Aug. 06, 2013
Spectrum retail center
Sep. 30, 2013
Retail/ Office
Sep. 30, 2012
Retail/ Office
Sep. 30, 2013
Retail/ Office
item
Sep. 30, 2012
Retail/ Office
Sep. 30, 2013
Land
Sep. 30, 2012
Land
Sep. 30, 2013
Land
Sep. 30, 2012
Land
Sep. 30, 2013
Corporate
Sep. 30, 2012
Corporate
Sep. 30, 2013
Corporate
Sep. 30, 2012
Corporate
Sep. 30, 2013
Land in various phases of development and construction
item
acre
Sep. 30, 2013
Land in various phases of development and construction
Land
acre
item
Sep. 30, 2013
Land held for sale
acre
item
Sep. 30, 2013
Land held for sale
Land
acre
item
Segment reporting                                            
Number of office buildings owned                 1                          
Number of reportable segments     3                                      
Reduction in the amount of debt obligation as a result of transfer of real estate property           $ 4,691,528                                
Number of tracts of land                                     2 2 3 3
Area of land (in acres)                                     60 60 22 22
Summary of the operating results of the entity's reportable segments                                            
Rental operations 67,543 89,069 224,573 269,606     67,543 85,900 220,986 260,100   3,169 3,587 9,506                
Other operating income 47,429 153,005 91,707 200,471     22,429 152,895 66,688 200,343 25,000   25,000     110 19 128        
Total operating revenues 114,972 242,074 316,280 470,077     89,972 238,795 287,674 460,443 25,000 3,169 28,587 9,506   110 19 128        
Operating expenses 487,735 4,444,981 1,485,311 5,598,274     27,775 806,038 62,972 847,226 126,947 3,252,230 299,131 3,633,699 333,013 386,713 1,123,208 1,117,349        
Depreciation and amortization expense 8,875 29,200 37,761 87,461     8,698 29,123 37,316 87,366         177 77 445 95        
Total operating expenses 496,610 4,474,181 1,523,072 5,685,735     36,473 835,161 100,288 934,592 126,947 3,252,230 299,131 3,633,699 333,190 386,790 1,123,653 1,117,444        
Other (expense) income (368,889) 68,799 415,160 (535,372)     (80,332) (53,897) (186,584) (161,344) (288,854) 121,829 601,182 (377,304) 297 867 562 3,276        
Consolidated income (loss) from continuing operations (750,527) (4,163,308) (791,632) (5,751,030)     (26,833) (650,263) 802 (635,493) (390,801) (3,127,232) 330,638 (4,001,497) (332,893) (385,813) (1,123,072) (1,114,040)        
Consolidated loss from discontinued operations (Note 3) (306,203) (1,812,088) (487,095) (1,872,606)     (306,203) (1,812,088) (487,095) (1,872,606)                        
Consolidated net (loss) income (1,056,730) (5,975,396) (1,278,727) (7,623,636)     (333,036) (2,462,351) (486,293) (2,508,099) (390,801) (3,127,232) 330,638 (4,001,497) (332,893) (385,813) (1,123,072) (1,114,040)        
Consolidated (loss) income attributable to noncontrolling interest (187,675) (1,027,171) (206,898) (1,312,790)     (59,147) (423,278) (78,682) (431,895) (69,406) (537,571) 53,497 (689,058) (59,122) (66,322) (181,713) (191,837)        
Consolidated (loss) income available for common shareholders (869,055) (4,948,225) (1,071,829) (6,310,846)     (273,889) (2,039,073) (407,611) (2,076,204) (321,395) (2,589,661) 277,141 (3,312,439) (273,771) (319,491) (941,359) (922,203)        
Total assets $ 32,657,418 $ 43,311,776 $ 32,657,418 $ 43,311,776 $ 42,440,028   $ 5,986,580 $ 11,357,923 $ 5,986,580 $ 11,357,923 $ 24,057,872 $ 30,595,936 $ 24,057,872 $ 30,595,936 $ 2,612,966 $ 1,357,917 $ 2,612,966 $ 1,357,917