Discontinued Operations

12 Months Ended

Dec. 31, 2011

Discontinued Operations [Abstract]

Discontinued Operations

(6)  Discontinued Operations –

On January 31, 2012, the Company sold the land under the Red Robin restaurant in Beavercreek, Ohio to an unrelated third party.  The Company received net sale proceeds of approximately $1,806,000, which resulted in a net gain of approximately $272,300.  At December 31, 2011, the property was classified as Real Estate Held for Sale with a carrying value of $1,533,655.

The financial results for this property are reflected as Discontinued Operations in the accompanying financial statements.  The following are the results of discontinued operations for the years ended December 31:

		2011		2010
Rental Income	$	115,500	$	115,500
Property Management Expenses		(343)		(347)
Income from Discontinued Operations	$	115,157	$	115,153