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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Assets    
Land $ 6,788,067 $ 6,788,067
Net investment in capital lease - railroad 9,150,000 9,150,000
Total real estate assets 15,938,067 15,938,067
Cash and cash equivalents $ 280,187 654,381
Other receivables 1,054
Prepaid expenses $ 31,974 13,576
Intangible assets, net of accumulated amortization 4,597,305 4,775,161
Other assets 540,910 957,231
TOTAL ASSETS 21,388,443 22,339,470
LIABILITIES AND EQUITY    
Deferred revenue 146,397 25,582
Accounts payable 269,868 572,591
Accounts payable, related party 296,483 641,628
Accrued interest 85,102 46,873
Current portion of long-term debt 199,640 $ 198,709
Current debt, related party $ 1,650,000
Long term debt, related party $ 1,650,000
Other long-term debt $ 7,252,021 7,519,413
Interest rate swap 717,151 528,040
TOTAL LIABILITIES 10,616,662 11,182,836
Series A 7.75% Cumulative Redeemable Perpetual Preferred Stock Par Value $25.00 (175,000 shares authorized; 144,636 issued and outstanding as of September 30, 2015 and December 31, 2014) $ 3,492,149 $ 3,492,149
Commitments and Contingencies
Equity:    
Common Shares, $0.001 par value (100,000,000 shares authorized; 1,742,688 and 1,731,788 shares issued and outstanding as of September 30, 2015 and December 31, 2014) $ 1,743 $ 1,732
Additional paid-in capital 10,966,326 10,815,889
Accumulated deficit (3,688,437) (3,153,136)
Total Equity 7,279,632 7,664,485
TOTAL LIABILITIES AND EQUITY $ 21,388,443 $ 22,339,470