8. SEGMENT INFORMATION

9 Months Ended

Sep. 30, 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 related 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 each individually do not meet the criteria as a reportable segment.

	Three months ended						Nine months ended
	September 30,						September 30,
	2012			2011			2012			2011
Net Revenues:
Real estate and marina rentals	$	908,000		$	860,000		$	2,702,000		$	2,603,000
Food and beverage sales		1,272,000			1,219,000			4,628,000			4,515,000
Spa revenues		110,000			211,000			350,000			421,000
Total net revenues	$	2,290,000		$	2,290,000		$	7,680,000		$	7,539,000
Income (loss) before income taxes:
Real estate and marina rentals	$	267,000		$	235,000		$	829,000		$	729,000
Food and beverage sales		(26,000	)		(42,000	)		98,000			72,000
Other investments and related income		(315,000	)		(653,000	)		(785,000	)		(1,699,000	)
Total net (loss) income attributable to the Company before income taxes	$	(74,000	)	$	(460,000	)	$	142,000		$	(898,000	)