Note C - Financial Instruments and Concentrations of Credit Risk	6 Months Ended
Jun. 30, 2012
Financial Insruments And Concentrations Of Credit Risk [Text Block]	NOTE C — FINANCIAL INSTRUMENTS AND CONCENTRATIONS OF CREDIT RISK Financial instruments consist of cash, interest and other receivables, notes receivable, accounts payable and accrued liabilities, due to/from related parties and notes payable. The carrying values of these instruments approximate their fair values due to their short-term nature. Marketable securities – related party and investment in real estate loans are further described in Note K – Fair Value. Financial instruments with concentration of credit and market risk include cash, interest and other receivables, marketable securities - related party, notes receivable, accounts payable and accrued liabilities, due to/from related parties, notes payable, and loans secured by deeds of trust. We maintain cash deposit accounts and certificates of deposit which, at times, may exceed federally-insured limits. To date, we have not experienced any losses. As of June 30, 2012 and December 31, 2011, we had no funds in excess of the federally-insured limits. As of June 30, 2012, 66% and 13% of our loans were in Nevada and Michigan, respectively, compared to 37%, 27%, 20%, and 10% of our loans were in Nevada, Oregon, Arizona and Texas at December 31, 2011, respectively. As a result of this geographical concentration of our real estate loans, the downturn in the local real estate markets in these states has had a material adverse effect on us. At June 30, 2012, the aggregate amount of loans to our three largest borrowers represented approximately 41% of our total investment in real estate loans. These real estate loans consisted of commercial loans, secured by property located in Michigan and Nevada, all first lien position with interest rates between 7.75% and 9.00%, and an aggregate outstanding balance of approximately $5.5 million. As of June 30, 2012, all three of our largest loans were considered performing. The success of a borrower’s ability to repay its real estate loan obligation in a large lump-sum payment may be dependent upon the borrower’s ability to refinance the obligation or otherwise raise a substantial amount of cash. With the weakened economy, credit continues to be difficult to obtain and as such, many of our borrowers who develop and sell commercial real estate projects have been unable to complete their projects, obtain takeout financing or have been otherwise adversely impacted. In addition, an increase in interest rates over the loan rate applicable at origination of the loan may have an adverse effect on our borrower’s ability to refinance. Common Guarantors As of June 30 2012 and December 31, 2011, six and seven loans, respectively, totaling approximately $5.9 million and $4.6 million, respectively, representing approximately 44.5% and 28.6%, respectively, of our portfolio’s total value, had a common guarantor. These loans are considered performing. As of June 30, 2012 four loans totaling approximately $2.8 million representing approximately 20.9% of our portfolio’s total value had a common guarantor. As of June 30, 2012 all four loans were considered performing. For additional information regarding the above loans, see Note D – Investments In Real Estate Loans.

Note C - Financial Instruments and Concentrations of Credit Risk

6 Months Ended

Jun. 30, 2012

Financial Insruments And Concentrations Of Credit Risk [Text Block]

NOTE C — FINANCIAL INSTRUMENTS AND CONCENTRATIONS OF CREDIT RISK

Financial instruments consist of cash, interest and other receivables, notes receivable, accounts payable and accrued liabilities, due to/from related parties and notes payable. The carrying values of these instruments approximate their fair values due to their short-term nature. Marketable securities – related party and investment in real estate loans are further described in Note K – Fair Value.

Financial instruments with concentration of credit and market risk include cash, interest and other receivables, marketable securities - related party, notes receivable, accounts payable and accrued liabilities, due to/from related parties, notes payable, and loans secured by deeds of trust.

We maintain cash deposit accounts and certificates of deposit which, at times, may exceed federally-insured limits. To date, we have not experienced any losses. As of June 30, 2012 and December 31, 2011, we had no funds in excess of the federally-insured limits.

As of June 30, 2012, 66% and 13% of our loans were in Nevada and Michigan, respectively, compared to 37%, 27%, 20%, and 10% of our loans were in Nevada, Oregon, Arizona and Texas at December 31, 2011, respectively. As a result of this geographical concentration of our real estate loans, the downturn in the local real estate markets in these states has had a material adverse effect on us.

At June 30, 2012, the aggregate amount of loans to our three largest borrowers represented approximately 41% of our total investment in real estate loans. These real estate loans consisted of commercial loans, secured by property located in Michigan and Nevada, all first lien position with interest rates between 7.75% and 9.00%, and an aggregate outstanding balance of approximately $5.5 million. As of June 30, 2012, all three of our largest loans were considered performing.

The success of a borrower’s ability to repay its real estate loan obligation in a large lump-sum payment may be dependent upon the borrower’s ability to refinance the obligation or otherwise raise a substantial amount of cash. With the weakened economy, credit continues to be difficult to obtain and as such, many of our borrowers who develop and sell commercial real estate projects have been unable to complete their projects, obtain takeout financing or have been otherwise adversely impacted. In addition, an increase in interest rates over the loan rate applicable at origination of the loan may have an adverse effect on our borrower’s ability to refinance.

Common Guarantors

As of June 30 2012 and December 31, 2011, six and seven loans, respectively, totaling approximately $5.9 million and $4.6 million, respectively, representing approximately 44.5% and 28.6%, respectively, of our portfolio’s total value, had a common guarantor. These loans are considered performing.

As of June 30, 2012 four loans totaling approximately $2.8 million representing approximately 20.9% of our portfolio’s total value had a common guarantor. As of June 30, 2012 all four loans were considered performing.

For additional information regarding the above loans, see Note D – Investments In Real Estate Loans.