Stockholders' Equity (Deficit) (Tables)

12 Months Ended

Dec. 31, 2012

Stockholders Equity Note [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table reconciles the components of basic and diluted net income (loss) per common share:

	For the Year Ended December 31,
	2012			2011			2010
Net income (loss) attributable to common shareholders	$	3,920,841		$	(4,315,331	)	$	(2,306,870	)
Dividends on restricted stock expected to vest		(11,564	)		(10,891	)		(11,300	)
Gain on redemption of common stock(2)		4,018			7,688			-
Basic net income (loss) attributable to common shareholders	$	3,913,295		$	(4,318,534	)	$	(2,318,170	)
Weighted average common shares outstanding		1,679,778			809,304			333,701
Potential dilutive shares (1)		16,475			-			-
Weighted average common shares outstanding and potential dilutive shares		1,696,253			809,304			333,701
Basic income (loss) per share	$	2.33		$	(5.34	)	$	(6.95	)
Diluted income (loss) per share	$	2.31		$	(5.34	)	$	(6.95	)

⁽¹⁾ Excludes 15,559, and 16,142 shares related to non-vested restricted stock for the years ended December 31, 2011, and 2010, respectively as the effect would be anti-dilutive. Also excludes any dilution related to the 1,000 shares of convertible stock as the conversion would be anti-dilutive and currently there would be no conversion into common shares.

⁽²⁾Represents the difference between the fair value and carrying amount of the common stock upon redemption.

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the status of the Company’s non-vested shares as of December 31, 2012, 2011 and 2010, is as follows:

Non Vested shares	Shares			Weighted average grant-date fair value
Balance at January 1, 2010		12,000		$	120,000
Granted		7,500			75,000
Vested		(4,500	)		(45,000	)
Forfeited		-			-
Balance at December 31, 2010		15,000			150,000
Granted		7,500			75,000
Vested		(6,000	)		(60,000	)
Forfeited		-			-
Balance at December 31, 2011		16,500			165,000
Granted		7,500			75,000
Vested		(7,500	)		(75,000	)
Forfeited		-			-
Balance at December 31, 2012		16,500		$	165,000

Schedule of Distributions Made to Members or Limited Partners, by Distribution [Table Text Block]

Distributions, including distributions paid by issuing shares under the distribution reinvestment plan, for the year ended December 31, 2012 were as follows:

	Distributions
2012	Declared		Paid
First Quarter	$	213,217	$	197,708
Second Quarter		272,107		255,192
Third Quarter		332,188		313,424
Fourth Quarter		374,316		359,026
	$	1,191,828	$	1,125,350