Intangibles

3 Months Ended

Mar. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 4. Intangibles

Intangible assets represent the value of the following contractual relationships acquired in connection with the acquisition of the Resort. The intangible assets are being amortized over the specific term or benefit period of each related contract.

		March 31,			December 31,
Intangible Assets	Amortization Period	2012			2011
		(Unaudited)
Water Contract	None since renewable in perpetuity	$	2,030,000		$	2,030,000
Rental Pool	77.5 months		9,481,717			9,481,717
Trade Name	None since renewable in perpetuity		2,300,000			2,300,000
			13,811,717			13,811,717
Less accumulated amortization			(7,604,963	)		(7,336,855	)
		$	6,206,754		$	6,474,862