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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) attributable to the Company $ 4,121,070 $ (314,224)
Adjustments to reconcile net income (loss) attributable to the Company to net cash used in operating activities:    
Depreciation expense 15,398 15,398
Income from other investments, excluding impairment losses (387,671) (591,250)
Equity loss from operations of residential real estate partnership 136,889 223,736
Gain on sale of real estate, net of incentive fee (5,473,887) 0
Net losses (gains) from investments in marketable securities 403,432 (260,656)
Net gain attributable to noncontrolling interest 7,457 9,503
Deferred income tax (benefit) expense (36,265) 7,826
Changes in assets and liabilities:    
Other assets and other receivables (119,479) 166,845
Accounts payable, accrued expenses and other liabilities (388,771) (34,326)
Total adjustments (5,842,897) (473,894)
Net cash used in operating activities (1,721,827) (788,118)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net proceeds from sales and redemptions of securities 2,883,616 7,074,127
Investments in marketable securities (1,513,021) (3,612,553)
Distribution from investment in residential real estate partnership 7,625,000 130,000
Distributions from other investments 1,831,307 1,520,666
Contributions to other investments (1,440,436) (2,060,530)
Proceeds from collections of mortgage loans and notes receivables 500,000 78,000
Distribution from affiliate 193,286 193,286
Purchases and improvements of properties 0 (34,872)
Proceeds from sale of real estate (33,131) 37,327
Additions in mortgage loans and notes receivable (750,000) 0
Net cash provided by investing activities 9,296,621 3,325,451
CASH FLOWS FROM FINANCING ACTIVITIES:    
Margin borrowings 9,590,720 218,395
Dividends paid (2,533,230) (501,196)
Repayment of note payable to affiliate (210,000) (50,000)
Stock options exercised 91,895 0
Net cash provided by (used in) financing activities 6,939,385 (332,801)
Net increase in cash and cash equivalents 14,514,179 2,204,532
Cash and cash equivalents at beginning of the year 5,223,995 3,019,463
Cash and cash equivalents at end of the year 19,738,174 5,223,995
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the year for interest 89,000 69,000
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Dividends declared but not paid during the year $ 506,646 $ 0