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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income attributable to the Company $ (1,263,635) $ 98,797
Adjustments to reconcile net income (loss) attributable to the Company to net cash used in operating activities:    
Depreciation and amortization 11,485 15,395
Non-employee stock compensation expense 5,771 0
Net income from other investments, excluding impairment losses (268,763) (114,515)
Other than temporary impairment loss from other investments 0 11,092
Gain from dissolution of joint venture with related party 0 (226,157)
Net loss (gain) from investments in marketable securities 644,323 (385,579)
Net (loss) income attributable to non-controlling interest (18,512) 6,587
Deferred income tax provision 0 0
Changes in assets and liabilities:    
Other assets and other receivables 30,253 20,501
Accounts payable, accrued expenses and other liabilities (32,703) (3,721,483)
Total adjustments 371,854 (4,394,159)
Net cash used in operating activities (891,781) (4,295,362)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in real estate partnership (2,040,785) (180,351)
Collections in notes and advances from related parties 0 226,157
Distributions from other investments 1,481,659 512,096
Contributions to other investments (1,265,457) (1,135,083)
Net proceeds from sales and redemptions of securities 5,824,969 6,175,986
Purchase of marketable securities (5,196,955) (12,329,319)
Additions in mortgage loans, notes and other receivables 0 (138,000)
Collections in mortgage loans, notes and other receivables 122,580 138,000
Purchases and improvements of properties (51,365) (274,691)
Proceeds from sales of properties 0 278,720
Proceeds from partial sale of affiliate 0 39,000
Net cash used in investing activities (1,125,354) (6,687,485)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Margin borrowings 4,838,458 0
Dividend paid (526,963) 0
Purchase of treasury stock (214,421) 0
Repayment of mortgages and notes payables 0 (102,891)
Net cash provided by (used in) financing activities 4,097,074 (102,891)
Net increase (decrease) in cash and cash equivalents 2,079,939 (11,085,738)
Cash and cash equivalents at beginning of the period 9,451,152 17,655,568
Cash and cash equivalents at end of the period 11,531,091 6,569,830
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 83,000 72,000
Cash paid during the period for income taxes $ 0 $ 1,593,000