Expenses

6 Months Ended

Jun. 30, 2013

Operating Expenses [Abstract]

Expenses [Text Block]

NOTE 6. EXPENSES

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

		Six Months Ended June 30,				Three Months Ended June 30,
		2013		2012		2013		2012
Directors fees and liability insurance	$	124,385	$	-	$	82,924	$	-
Legal fees		60,337		-		46,338		-
Other professional fees		190,150		60,936		60,000		25,200
Management fees		310,200		120,400		185,100		61,400
Other direct REIT operating expenses		100,627		100,142		36,243		50,136
Other administrative expenses		64,097		42,322		40,872		20,892
Total expenses	$	849,796	$	323,800	$	451,477	$	157,628