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Consolidated Statement of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) attributable to the Company $ 6,311 $ (940,096)
Adjustments to reconcile net loss attributable to the Company to net cash provided by (used in) operating activities:    
Depreciation and amortization 898,985 1,147,525
Non-employee stock compensation 12,211 52,758
Net income from other investments, excluding impairment losses (400,751) (68,639)
Other than temporary impairment loss from other investments 27,666 86,707
Realized loss on interest rate swap agreement   198,400
Net (gain) loss from investments in marketable securities (120,696) 59,431
Net gain (loss) attributable to non controlling interest 94,046 (211,092)
Deferred income tax benefit (66,000) (152,000)
Provision for bad debts 100,000  
Changes in assets and liabilities:    
Other assets and other receivables (27,636) (184,119)
Accounts payable, accrued expenses and other liabilities (193,784) (156,607)
Total adjustments 324,041 772,364
Net cash provided by (used in) operating activities 330,352 (167,732)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases and improvements of properties (353,126) (262,119)
Decrease in notes and advances from related parties   1,432
Additions in mortgage loans and notes receivables   (75,000)
Distributions from other investments 661,655 211,277
Contributions to other investments (244,327) (244,187)
Net proceeds from sales and redemptions of securities 1,271,707 1,637,551
Increased investments in marketable securities (1,217,278) (1,623,349)
Distribution from affiliate 196,016 168,014
Net cash provided by (used in) investing activities 314,647 (186,381)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of mortgages and notes payables (830,775) (2,977,322)
Partial settlement of interest rate swap contract   (198,400)
Withdrawals from restricted cash   2,379,947
(Distributions to) contributions from minority partners   (101,949)
Purchase of treasury stock (243,320)  
Net cash used in financing activities (1,074,095) (897,724)
Net decrease in cash and cash equivalents (429,096) (1,251,837)
Cash and cash equivalents at beginning of the year 2,366,363 3,618,200
Cash and cash equivalents at end of the year 1,937,267 2,366,363
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the year for interest $ 747,000 $ 902,000