Expenses

9 Months Ended

Sep. 30, 2013

Operating Expenses [Abstract]

Expenses [Text Block]

NOTE 6. EXPENSES

The table below presents the Company's operating expenses for the nine and three months ended September 30, 2013 and 2012.

		Nine Months Ended				Three Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
Directors fees and liability insurance	$	207,309	$	-	$	82,924	$	-
Legal fees		71,286		-		10,949		-
Other professional fees		250,150		133,237		60,000		72,301
Management fees		489,700		185,000		179,500		64,600
Other direct REIT operating expenses		137,177		149,923		36,550		49,781
Other administrative expenses		95,580		90,184		31,483		47,862
Total expenses	$	1,251,202	$	558,344	$	401,406	$	234,544