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13. Lease Commitments
12 Months Ended
Dec. 31, 2012
Commitments Disclosure [Text Block]

13.    LEASE COMMITMENTS


The Company’s 50% owned subsidiary (Landing), as lessee, leases land and submerged lands on which it operates the Monty’s property under a lease with the city of Miami which expires on May 31, 2035. Under the lease, the Company pays percentage rents ranging from 8% to 15% of gross revenues from various components of the property’s operations. Total rent paid, to the city of Miami (including sales tax) for the years ended December 31, 2012 and 2011 was approximately $901,000 and $886,000, respectively.