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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES        
Real estate rentals and related revenue $ 20,156 $ 15,600 $ 36,845 $ 31,800
Operating expenses:        
Rental and other properties 24,926 19,266 41,567 35,671
Adviser's base fee 165,000 255,000 330,000 510,000
General and administrative 44,378 59,445 101,686 156,128
Professional fees and expenses 59,510 17,968 141,027 86,775
Directors' fees and expenses 26,250 24,028 48,750 46,528
Depreciation and amortization 5,002 4,039 9,041 8,078
Interest expense 25,268 22,660 48,724 45,232
Total expenses 350,334 402,406 720,795 888,412
Loss before other income and income taxes (330,178) (386,806) (683,950) (856,612)
Net realized and unrealized gains (losses) from investments in marketable securities 511,258 (69,840) 637,894 32,803
Net income from other investments 71,829 53,530 84,096 143,148
Interest, dividend and other income 418,188 54,894 488,186 96,720
Total other income 1,001,275 38,584 1,210,176 272,671
Income (loss) before income taxes 671,097 (348,222) 526,226 (583,941)
Provision for income taxes 60,000 0 91,000 0
Income (loss) from continuing operations 611,097 (348,222) 435,226 (583,941)
Income from discontinued operations 0 608,796 0 17,914,545
Net income 611,097 260,574 435,226 17,330,604
Noncontrolling interests in continuing operations (4,896) (15,668) (8,584) (28,007)
Noncontrolling interests in discontinued operations 0 1,685 0 (58,594)
Net income attributable to noncontrolling interest (4,896) (13,983) (8,584) (86,601)
Net income attributable to the Company 606,201 246,591 426,642 17,244,003
Amounts attributable to the Company        
Continuing operations 606,201 (363,890) 426,642 (611,948)
Discontinued operations 0 610,481 0 17,855,951
Net income attributable to the Company 606,201 246,591 426,642 17,244,003
Weighted average common shares outstanding-basic 1,048,926 974,526 1,048,926 972,537
Weighted average common shares outstanding-diluted 1,049,434 1,045,011 1,050,849 1,036,556
Net income (loss) per common:        
Continuing operations basic and diluted $ 0.58 $ (0.37) $ 0.41 $ (0.63)
Discontinued operations-basic    $ 0.63    $ 18.36
Discontinued operations-diluted    $ 0.58    $ 17.23
Basic net income per share $ 0.58 $ 0.26 $ 0.41 $ 17.73
Diluted net income per share $ 0.58 $ 0.21 $ 0.41 $ 16.6
Other comprehensive income:        
Unrealized gain on interest rate swap agreement          982,500
Total other comprehensive income 0 0 0 982,500
Comprehensive income $ 606,201 $ 246,591 $ 426,642 $ 18,226,503