Note O - Income Taxes (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	6/30/2012			6/30/2011
Current Taxes
Federal		--			--
State		--			--
Total Current Taxes		--			--
Change in Deferred Taxes		230,000			--
Change in Valuation Allowance		(230,000	)		--
Provision for income tax expense (benefit)		--			--

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred Tax Assets:
Provision for Loan Losses	554,000
Write down on real estate held for sale	915,000
Recovery of allowance for doubtful notes receivable	601,000
Unrealized (gain) Loss on marketable securities - related party	1,017,000
Net operating loss carryforward	11,493,000
Total Deferred Tax Assets	14,580,000
Valuation allowance	(14,580,000	)
Deferred Tax Assets, net of valuation allowance	--
Non-current portion
Current portion	--