Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2013

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 (loss) income per common share:

	For the Year Ended December 31,
	2013		2012
Net (loss) income from continuing operations attributable to common shareholders	$	(2,751,129)	$	3,732,285
Dividends on restricted stock expected to vest		(11,136)		(11,564)
Gain on redemption of common stock(2)		1,575		4,018
Basic net (loss) income from continuing operations attributable to common shareholders	$	(2,760,690)	$	3,724,739
Net loss from discontinued operations	$	(356,546)	$	(720,815)
Net loss from discontinued operations attributable to noncontrolling interest		(136,674)		(909,371)
Basic net (loss) income from discontinued operations attributable to common shareholders	$	(219,872)	$	188,556
Weighted average common shares outstanding		2,348,849		1,679,778
Potential dilutive shares (1)		-		16,475
Weighted average common shares outstanding and potential dilutive shares		2,348,849		1,696,253
Basic (loss) income from continuing operations per share	$	(1.18)	$	2.22
Basic (loss) income from discontinued operations per share	$	(0.09)	$	0.11
Diluted (loss) income from continued operations per share	$	(1.18)	$	2.20
Diluted (loss) income from discontinued operations per share	$	(0.09)	$	0.11

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, 2013 and 2012, is as follows:

Non Vested shares	Shares	Weighted average grant-date fair value
Balance at January 1, 2012	16,500		165,000
Granted	7,500		75,000
Vested	(7,500)		(75,000)
Forfeited	-		-
Balance at December 31, 2012	16,500		165,000
Granted	7,500		75,000
Vested	(9,000)		(90,000)
Forfeited	-		-
Balance at December 31, 2013	15,000	$	150,000

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, 2013 were as follows:

	Distributions
2013	Declared		Paid
First Quarter	$	393,291	$	385,167
Second Quarter		412,265		413,477
Third Quarter		426,066		423,134
Fourth Quarter		425,648		421,686
	$	1,657,270	$	1,643,464