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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities :    
Net income attributable to the Company $ 426,642 $ 17,244,003
Adjustments to reconcile net income attributable to the Company to net cash used in operating activities:    
Depreciation and amortization 9,041 8,078
Non-employee stock compensation expense    372
Net income from other investments, excluding impairment losses (84,096) (143,148)
Gain from dissolution of joint venture with related party (226,157)   
Gain from the sale of discontinued operations    (17,855,951)
Net gain from investments in marketable securities (637,894) (32,803)
Net income attributable to non controlling interest 8,584 28,007
Deferred income tax provision 91,000   
Changes in assets and liabilities:    
Other assets and other receivables 31,129 (38,626)
Accounts payable, accrued expenses and other liabilities (3,756,839) (8,702)
Total adjustments (4,565,232) (18,042,773)
Net cash used in operating activities (4,138,590) (798,770)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of discontinued operations    23,033,221
Collections in notes and advances from related parties 226,157   
Distributions from other investments 210,735 325,246
Contributions to other investments (846,756) (49,500)
Net proceeds from sales and redemptions of securities 1,303,196 397,930
Purchase of marketable securities (7,997,675) (1,205,449)
Additions in mortgage loans and notes receivable (138,000)   
Purchases and improvements of properties (127,150)   
Proceeds from partial sale of affiliate 39,000   
Net cash (used in) provided by investing activities (7,330,493) 22,501,448
CASH FLOWS FROM FINANCING ACTIVITIES:    
Stock options exercised    24,000
Repayment of mortgages and notes payables (102,891) (18,747)
Net cash (used in) provided by financing activities (102,891) 5,253
Net (decrease) increase in cash and cash equivalents (11,571,974) 21,707,931
Cash and cash equivalents at beginning of the period 17,655,568 1,510,773
Cash and cash equivalents at end of the period 6,083,594 23,218,704
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 49,000 45,000
Cash paid during the period for income taxes 1,593,000   
Non-cash Investing Activities:    
Note receivable received for sales of discontinued operations    $ 1,000,000