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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities :    
Net (loss) income attributable to the Company $ (179,559) $ 16,997,412
Adjustments to reconcile net (loss) income attributable to the Company to net cash used in operating activities:    
Depreciation and amortization 4,039 4,039
Non-employee stock compensation expense 0 186
Net income from other investments, excluding impairment losses (12,267) (89,618)
Gain from the sale of discontinued operations 0 (17,245,470)
Net gain from investments in marketable securities (126,636) (102,643)
Net income attributable to non controlling interest 3,688 12,339
Deferred income tax expense 31,000 0
Changes in assets and liabilities:    
Other assets and other receivables 44,174 (63,737)
Accounts payable, accrued expenses and other liabilities (2,318,189) 36,603
Total adjustments (2,374,191) (17,448,301)
Net cash used in operating activities (2,553,750) (450,889)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of discontinued operations 0 22,620,426
Distributions from other investments 107,537 217,351
Contributions to other investments (658,119) (23,250)
Net proceeds from sales and redemptions of securities 251,642 193,271
Purchase of marketable securities (3,830,206) (451,506)
Net cash (used in) provided by investing activities (4,129,146) 22,556,292
CASH FLOWS FROM FINANCING ACTIVITIES:    
Margin payable 2,783,754 0
Stock options exercised 0 24,000
Net cash provided by financing activities 2,783,754 24,000
Net (decrease) increase in cash and cash equivalents (3,899,142) 22,129,403
Cash and cash equivalents at beginning of the period 17,655,568 1,510,773
Cash and cash equivalents at end of the period 13,756,426 23,640,176
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 23,000 23,000
Cash paid during the period for income taxes 1,593,000 0
Non-cash Investing Activities:    
Note receivable received for sales of discontinued operations $ 0 $ 1,000,000