XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES    
Real estate rentals and related revenue $ 17,010 $ 15,600
Operating expenses:    
Rental and other properties 23,170 24,139
Adviser’s base fee 165,000 165,000
General and administrative 80,168 75,681
Professional fees and expenses 79,865 91,648
Directors' fees and expenses 16,000 21,565
Depreciation and amortization 3,849 3,849
Interest expense 15,333 23,471
Total expenses 383,385 405,353
Loss before other income and income taxes (366,375) (389,753)
Net realized and unrealized gains from investments in marketable securities 126,512 163,712
Equity loss from residential real estate partnership (117,176) 0
Net income from other investments 278,616 37,090
Interest, dividend and other income 140,842 149,431
Total other income 428,794 350,233
Income (loss) before taxes 62,419 (39,520)
Provision for income taxes 0 20,055
Net income (loss) 62,419 (59,575)
Noncontrolling interests (10,050) 1,031
Net income (loss) attributable to the Company $ 52,369 $ (58,544)
Weighted average common shares outstanding-basic & diluted (in shares) 1,002,392 1,035,493
Net income (loss) per common share - basic and diluted (in dollars per share) $ 0.05 $ (0.06)