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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Other income $ 7 $ 98
Interest income 177
Total Revenues 7 275
Expenses:        
Property, insurance and other expenses 3,575 13,667 7,080 25,132
Real estate taxes 4,409 23,773 8,818 48,086
Management fees, affiliate 97,687 106,184 200,013 177,365
Allocated salaries and other compensation, affiliate 127,540 136,364 294,685 227,273
Interest expense 26,952 389,348
General and administrative expenses 950,825 509,902 1,577,397 1,260,785
Depreciation expense 12,273 13,654
Total Expenses 1,184,036 829,115 2,087,993 2,141,643
Other Income:        
Gain on sale of assets 1,022,871 1,022,871
Net Income (Loss) (1,184,036) 193,763 (2,087,993) (1,118,497)
Income (Loss) Attributable to Non-controlling Interest (45,446) 8,584 (83,269) (180,644)
Net Income (Loss) Attributable to Common Shareholders $ (1,138,590) $ 185,179 $ (2,004,724) $ (937,853)
Income (Loss) Per Common Share - Basic and Diluted        
Basic $ (0.06) $ 0.01 $ (.10) $ (0.05)
Diluted $ (0.06) $ 0.01 $ (0.10) $ (0.05)