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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Investment properties, net of accumulated depreciation:    
Office building and other commercial property $ 833,629 $ 793,749
Total investment properties, net 833,629 793,749
Cash and cash equivalents 11,531,091 9,451,152
Investments in marketable securities 10,517,700 11,790,037
Other investments 3,829,268 3,793,420
Investment in affiliate 2,249,684 2,232,972
Loans, notes and other receivables 1,248,534 1,400,877
Investment in real estate partnership 2,322,448 281,663
Other assets 52,871 53,356
TOTAL ASSETS 32,585,225 29,797,226
LIABILITIES    
Note payable to affiliate 2,100,000 2,100,000
Margin payable 8,091,523 3,253,065
Accounts payable, accrued expenses and other liabilities 232,102 210,691
Due to Adviser 0 54,111
Dividend payable 0 526,963
Deferred income taxes 217,000 217,000
TOTAL LIABILITIES 10,640,625 6,361,830
STOCKHOLDERS' EQUITY    
Excess common stock, $1 par value; 100,000 shares authorized: no shares issued 0 0
Common stock, $1 par value; 1,200,000 shares authorized and 1,053,926 issued and as of September 30, 2015 and December 31, 2014. 1,053,926 1,053,926
Additional paid-in capital 24,255,614 24,249,844
Less: Treasury shares (18,433 shares and 800 shares as of September 30, 2015 and December 31, 2014, respectively (223,798) (9,377)
Undistributed gains from sales of properties, net of losses 53,227,696 53,227,696
Undistributed losses from operations (56,578,635) (55,315,000)
Total stockholders' equity 21,734,803 23,207,089
Non controlling interest 209,797 228,307
TOTAL STOCKHOLDERS' EQUITY 21,944,600 23,435,396
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 32,585,225 $ 29,797,226