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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Real estate rentals and related revenue $ 24,310 $ 16,744 $ 61,155 $ 48,544
Operating expenses:        
Rental and other properties 24,397 15,637 65,964 51,308
Adviser's base fee 165,000 255,000 495,000 765,000
General and administrative 63,571 89,027 165,257 245,155
Professional fees and expenses 84,736 49,378 225,763 136,153
Directors' fees and expenses 28,279 35,522 77,029 82,050
Depreciation and amortization 6,354 4,039 15,395 12,117
Interest expense 23,482 22,693 72,206 67,925
Total expenses 395,819 471,296 1,116,614 1,359,708
Loss before other income and income taxes (371,509) (454,552) (1,055,459) (1,311,164)
Net realized and unrealized (losses) gains from investments in marketable securities (252,315) 20,960 385,579 53,763
Net income from other investments 30,419 86,521 114,515 229,669
Other than temporary impairment losses from other investments (11,092)    (11,092)   
Interest, dividend and other income 183,656 67,030 671,841 163,750
Total other (loss) income (49,332) 174,511 1,160,843 447,182
(Loss) income before income taxes (420,841) (280,041) 105,384 (863,982)
Benefit from income taxes (91,000) 0 0 0
(Loss) income from continuing operations (329,841) (280,041) 105,384 (863,982)
(Loss) income from discontinued operations 0 (1,659,737) 0 16,254,808
Net (loss) income (329,841) (1,939,778) 105,384 15,390,826
Noncontrolling interests in continuing operations 1,997 20,714 (6,587) (7,293)
Noncontrolling interests in discontinued operations 0 (28,558) 0 (87,152)
Net income (loss) attributable to noncontrolling interest 1,997 (7,844) (6,587) (94,445)
Net (loss) income attributable to the Company (327,844) (1,947,622) 98,797 15,296,381
Amounts attributable to the Company        
Continuing operations (327,844) (259,327) 98,797 (871,275)
Discontinued operations 0 (1,688,295) 0 16,167,656
Net (loss) income attributable to the Company (327,844) (1,947,622) 98,797 15,296,381
Weighted average common shares outstanding-basic 1,048,926 1,031,350 1,048,926 1,004,599
Weighted average common shares outstanding-diluted 1,048,926 1,031,350 1,049,954 1,025,939
Net (loss) income per common:        
Continuing operations-basic $ (0.31) $ (0.25) $ 0.09 $ (0.87)
Continuing operations-diluted $ (0.31) $ (0.25) $ 0.09 $ (0.85)
Discontinued operations-basic    $ (1.64)    $ 16.09
Discontinued operations-diluted    $ (1.64)    $ 15.76
Basic net income per share $ (0.31) $ (1.89) $ 0.09 $ 15.23
Diluted net income per share $ (0.31) $ (1.89) $ 0.09 $ 14.91
Other comprehensive income:        
Unrealized gain on interest rate swap agreement          982,500
Total other comprehensive income 0 0 0 982,500
Comprehensive (loss) income $ (327,844) $ (1,947,622) $ 98,797 $ 16,278,881