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Consolidated Statements Of Operations (unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Interest income from investment in real estate loans $ 210,000 $ 103,000 $ 352,000 $ 231,000
Gain related to pay off of notes receivable, including recovery of allowance for notes receivable 29,000 21,000 59,000 21,000
Gain related to pay off of real estate loan, including recovery of allowance for loan loss 132,000   188,000  
Other income       2,000
Total revenues 371,000 317,000 599,000 254,000
Operating expenses        
Management fees - related party 69,000 69,000 138,000 138,000
Provision for loan loss     19,000 127,000
Interest expense 1,000 5,000 1,000 12,000
Professional fees 213,000 81,000 388,000 273,000
Insurance 55,000 62,000 111,000 120,000
Consulting 20,000 29,000 38,000 47,000
Other 26,000 69,000 80,000 125,000
Total operating expenses 384,000 315,000 775,000 842,000
Loss from operations (13,000) (191,000) (144,000) (588,000)
Non-operating income        
Interest income from banking institutions   2,000   5,000
Discounted professional fees   300,000   300,000
Recovery from settlement with loan guarantor 711,000   711,000  
Settlement expense     (23,000)  
Income from equity method investee held for sale   225,000   333,000
Total non-operating income 711,000 527,000 688,000 638,000
Income from continuing operations 698,000 336,000 513,000 50,000
Discontinued operations, net of income taxes        
Net gain on sale of real estate held for sale 2,000   4,000  
Expenses related to real estate held for sale (56,000) (53,000) (87,000) (134,000)
Income from assets held for sale, net of income taxes 39,000   39,000  
Write-downs on real estate held for sale (316,000) (132,000) (316,000) (132,000)
Total loss from discontinued operations (331,000) (185,000) (360,000) (266,000)
Net income (loss) 367,000 151,000 153,000 (216,000)
Allocation to non-controlling interest – related party 10,000   10,000  
Net income (loss) attributable to common stockholders $ 357,000 $ 151,000 $ 143,000 $ (216,000)
Continuing operations (in Dollars per share) $ 0.11 $ 0.05 $ 0.08 $ 0.01
Discontinued operations (in Dollars per share) $ (0.05) $ (0.03) $ (0.06) $ (0.04)
Total basic and diluted income (loss) per weighted average common share (in Dollars per share) $ 0.06 $ 0.02 $ 0.02 $ (0.03)
Dividends declared per common share (in Dollars per share)          
Weighted average common shares outstanding (in Shares) 6,340,859 6,382,748 6,340,859 6,401,002