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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net loss attributable to the Company$ (618,205)$ (263,010)
Adjustments to reconcile net loss attributable to the Company to net cash provided by (used in) operating activities:  
Depreciation and amortization854,821719,466
Non-employee stock compensation expense48,646 
Net income from other investments, excluding impairment losses(55,502)(242,370)
Other than temporary impairment loss from other investments86,70750,000
Net loss (gain) from investments in marketable securities141,226(179,348)
Realized loss on interest rate swap agreement198,400 
Net loss attributable to non controlling interest(171,764)(7,990)
Deferred income tax (benefit) provision(280,000)4,000
Changes in assets and liabilities:  
Other assets and other receivables(52,758)(320,392)
Accounts payable, accrued expenses and other liabilities(104,467)238,194
Total adjustments665,309261,560
Net cash provided by (used in) operating activities47,104(1,450)
CASH FLOWS FROM INVESTING ACTIVITIES:  
Purchases and improvements of properties(170,196)(133,967)
(Increase) decrease in notes and advances from related parties(7,246)11,504
Collections of mortgage loans and notes receivables 163,975
Distributions from other investments168,794262,949
Contributions to other investments(174,713)(273,409)
Net proceeds from sales and redemptions of securities1,165,1812,988,237
Purchase of marketable securities(1,099,976)(1,054,686)
Net cash (used in) provided by investing activities(118,156)1,964,603
CASH FLOWS FROM FINANCING ACTIVITIES:  
Repayment of mortgages and notes payables(2,710,884)(623,971)
Partial settlement of interest rate swap contract(198,400) 
Withdrawals from restricted cash2,379,94721,038
(Distributions to) contribution from minority partners(101,181)61,449
Purchase of treasury stock (903)
Net cash used in financing activities(630,518)(542,387)
Net (decrease) increase in cash and cash equivalents(701,570)1,420,766
Cash and cash equivalents at beginning of the year3,618,2001,909,218
Cash and cash equivalents at end of the year2,916,6303,329,984
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:  
Cash paid during the period for interest$ 687,000$ 794,000