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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities :    
Net income attributable to the Company $ 98,797 $ 15,296,381
Adjustments to reconcile net income attributable to the Company to net cash used in operating activities:    
Depreciation and amortization 15,395 12,117
Non-employee stock compensation expense    20,498
Net income from other investments, excluding impairment losses (114,515) (229,669)
Other than temporary impairment loss from other investments 11,092   
Gain from dissolution of joint venture with related party (226,157)  
Gain from the sale of discontinued operations    (16,167,656)
Net gain from investments in marketable securities (385,579) (53,763)
Net income attributable to non controlling interest 6,587 7,293
Deferred income tax benefit (374,000)   
Changes in assets and liabilities:    
Other assets and other receivables 20,501 (37,309)
Accounts payable, accrued expenses and other liabilities (3,721,483) (12,643)
Total adjustments (4,394,159) (16,461,132)
Net cash used in operating activities (4,295,362) (1,164,751)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of discontinued operations    23,030,262
Collections in notes and advances from related parties 226,157   
Distributions from other investments 512,096 447,124
Contributions to other investments (1,135,083) (70,750)
Net proceeds from sales and redemptions of securities 6,175,986 864,151
Purchase of marketable securities (12,329,319) (3,121,298)
Additions in loans and notes receivable (138,000)   
Collections in loans and notes receivable 138,000   
Investment in real estate partnership (180,351)   
Purchases and improvements of properties (274,691)   
Proceeds from sales of properties 278,720   
Proceeds from partial sale of affiliate and distributions from affiliate 39,000 196,016
Net cash (used in) provided by investing activities (6,687,485) 21,345,505
CASH FLOWS FROM FINANCING ACTIVITIES:    
Stock options exercised    122,314
Repayment note to affiliate (102,891) (311,488)
Net cash (used in) provided by financing activities (102,891) (189,174)
Net (decrease) increase in cash and cash equivalents (11,085,738) 19,991,580
Cash and cash equivalents at beginning of the period 17,655,568 1,510,773
Cash and cash equivalents at end of the period 6,569,830 21,502,353
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 72,000 68,000
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