17. SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2011

Segment Reporting Disclosure [Text Block]

17. SEGMENT INFORMATION

The Company has three reportable segments: Real estate rentals; Food and Beverage sales; and other investments and related income. The Real estate and rentals segment primarily includes the leasing of its Grove Isle property, marina dock rentals at both Monty’s and Grove Isle marinas, and the leasing of office and retail space at its Monty’s property. The Food and Beverage sales segment consists of the Monty’s restaurant operation. Lastly, the Other investment and related income segment includes all of the Company’s other investments, marketable securities, loans, receivables and the Grove Isle spa operations which individually do not meet the criteria as a reportable segment.

	For the years ended December 31,
	2011			2010
Net Revenues:
Real estate and marina rentals	$	3,502,000		$	3,550,000
Food and beverage sales		5,857,000			5,616,000
Spa revenues		535,000			477,000
Total Net Revenues	$	9,894,000		$	9,643,000
Income (loss) before income taxes:
Real estate and marina rentals	$	918,000		$	(142,000	)
Food and beverage sales		25,000			(81,000	)
Spa, other investments and related income		(2,036,000	)		(1,134,000	)
Total net loss before income taxes attributable to the Company	$	(1,093,000	)	$	(1,357,000	)

	For the years ended December 31,
Identifiable Assets:	2011		2010
Real estate rentals	$	11,193,000	$	14,373,000
Food and beverage sales		586,000		468,000
Spa, other investments and related income		14,188,000		15,458,000
Total Identifiable Assets	$	25,967,000	$	30,299,000

A summary of changes in the Company’s goodwill during the years ended December 31, 2011 and 2010 is as follows:

Summary of changes in goodwill:	01/01/11		Goodwill Impairment		12/31/11
Real estate and marina rentals	$	2,676,291		—	$	2,676,291
Food & Beverage sales		2,952,336		—		2,952,336
Other investments and related income		—		—		—
Total goodwill	$	5,628,627	$	—	$	5,628,627

	01/01/10		Goodwill Impairment			12/31/10
Real estate and marina rentals	$	4,676,291	$	(2,100,000	)		$	2 ,676,291
Food & Beverage sales		2,952,336		—				2,952,336
Spa, other investments and related income		—		—				-
Total goodwill	$	5,628,627		—			$	5,628,627