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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
REVENUES    
Real estate rentals and related revenue $ 72,598 $ 68,321
Total revenues 72,598 68,321
Operating expenses:    
Rental and other properties 431,614 199,799
Adviser's base fee 660,000 660,000
General and administrative 219,830 255,750
Professional fees and expenses 193,341 181,580
Directors' fees and expenses 81,494 82,076
Depreciation and Amortization expense 15,398 15,398
Interest expense 88,822 68,577
Total expenses 1,690,499 1,463,180
Loss before other income, income taxes and gain on sale of real estate (1,617,901) (1,394,859)
Net realized and unrealized (losses) gains from investments in marketable securities (403,432) 260,656
Equity loss in residential real estate partnership (136,889) (223,736)
Income from other investments 387,671 591,250
Interest, dividend and other income 386,523 472,621
Total other income 233,873 1,100,791
Loss before income taxes and gain on sale of real estate (1,384,028) (294,068)
Benefit from (provision for) income taxes 38,668 (10,653)
Net loss before gain on sale of real estate (1,345,360) (304,721)
Gain on sale of real estate, net of incentive fee 5,473,887 0
Net income (loss) 4,128,527 (304,721)
Gain from noncontrolling interest (7,457) (9,503)
Net income (loss) attributable to the Company $ 4,121,070 $ (314,224)
Weighted average common shares outstanding-basic and diluted: 1,011,839 1,002,392
Net income (loss) per common share:    
Basic and diluted income (loss) per share $ 4.07 $ (0.31)