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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss attributable to the Company $ (940,096) $ (1,334,797)
Adjustments to reconcile net loss attributable to the Company to net cash used in operating activities:    
Depreciation and amortization 1,147,525 1,012,347
Non-employee stock compensation 52,758  
Net income from other investments, excluding impairment losses (68,639) (324,372)
Other than temporary impairment loss from other investments 86,707 140,000
Goodwill impairment loss   2,100,000
Realized loss on interest rate swap agreement 198,400  
Net loss (gain) from investments in marketable securities 59,431 (319,426)
Net loss attributable to non controlling interest (211,092) (1,075,945)
Deferred income tax benefit (152,000) (22,000)
Provision for bad debts   100,000
Changes in assets and liabilities:    
Other assets and other receivables (184,119) (498,657)
Accounts payable, accrued expenses and other liabilities (156,607) (135,682)
Total adjustments 772,364 976,265
Net cash used in operating activities (167,732) (358,532)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases and improvements of properties (262,119) (167,174)
Decrease in notes and advances from related parties 1,432  
Additions in mortgage loans and notes receivables (75,000)  
Collections of mortgage loans and notes receivables   263,975
Distributions from other investments 211,277 324,541
Contributions to other investments (244,187) (373,838)
Net proceeds from sales and redemptions of securities 1,637,551 3,858,978
Increased investments in marketable securities (1,623,349) (1,124,228)
Distribution from affiliate 168,014 140,012
Net cash (used in) provided by investing activities (186,381) 2,922,266
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of mortgages and notes payables (2,977,322) (961,293)
Partial settlement of interest rate swap contract (198,400)  
Withdrawals from restricted cash 2,379,947 21,599
(Distributions to) contributions from minority partners (101,949) 136,449
Purchase of treasury stock   (51,507)
Net cash used in financing activities (897,724) (854,752)
Net (decrease) increase in cash and cash equivalents (1,251,837) 1,708,982
Cash and cash equivalents at beginning of the year 3,618,200 1,909,218
Cash and cash equivalents at end of the year 2,366,363 3,618,200
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the year for interest $ 902,000 $ 1,058,000