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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
Investment properties, net of accumulated depreciation:    
Office building and other commercial property $ 928,014 $ 809,905
Total investment properties, net 928,014 809,905
Cash and cash equivalents 6,083,594 17,655,568
Investments in marketable securities 12,054,970 4,722,597
Other investments 4,018,094 3,304,336
Investment in affiliate 2,413,250 2,445,891
Loans, notes and other receivables 1,512,249 1,408,150
Other assets 35,545 32,773
TOTAL ASSETS 27,045,716 30,379,220
LIABILITIES    
Note payable to affiliate 2,400,000 2,502,891
Accounts payable, accrued expenses and other liabilities 189,885 202,552
Due to Adviser    2,095,701
Income tax payable    1,592,716
Deferred income taxes 308,000 217,000
TOTAL LIABILITIES 2,897,885 6,610,860
STOCKHOLDERS' EQUITY    
Excess common stock, $1 par value; 100,000 shares authorized: no shares issued      
Common stock, $1 par value; 1,200,000 shares authorized and 1,048,926 issued and outstanding as of June 30, 2014 and December 31, 2013. 1,048,926 1,048,926
Additional paid-in capital 24,230,844 24,230,844
Undistributed gains from sales of properties, net of losses 53,754,659 53,754,659
Undistributed losses from operations (55,121,231) (55,547,873)
Total stockholders' equity 23,913,198 23,486,556
Non controlling interest 234,633 281,804
Total Equity 24,147,831 23,768,360
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 27,045,716 $ 30,379,220