8. SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2012

Segment Reporting Disclosure [Text Block]

8. 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, notes and other receivables and the Grove Isle spa operations which individually do not meet the criteria as a reportable segment.

	For the three months ended March 31,
	2012			2011
Net revenues:
Real estate and marina rentals	$	888,000		$	876,000
Food and beverage sales		1,746,000			1,688,000
Spa revenues		121,000			112,000
Total net revenues	$	2,755,000		$	2,676,000
Income (loss) before income taxes:
Real estate and marina rentals	$	278,000		$	255,000
Food and beverage sales		86,000			58,000
Other investments and related income		(299,000	)		(511,000	)
Total net income (loss) before income taxes attributable to the Company	$	65,000		($	198,000	)