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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES    
Real estate rentals and related revenue $ 18,786 $ 18,092
Total revenues 18,786 18,092
Operating Expenses:    
Rental and other properties 13,474 11,075
Adviser's base fee 165,000 165,000
General and administrative 81,090 84,643
Professional fees and expenses 79,431 102,252
Directors' fees and expenses 17,500 20,500
Depreciation expense 3,849 3,849
Interest expense 15,015 20,973
Total expenses 375,359 408,292
Loss before other income, income taxes and gain on sale of real estate (356,573) (390,200)
Net realized and unrealized gains (losses) from investments in marketable securities 180,474 (20,761)
Equity loss from operations of residential real estate partnership 0 (143,889)
Income from other investments, net 77,855 217,703
Interest, dividend and other income 85,463 90,608
Total other income 343,792 143,661
Loss before income taxes and gain on sale of real estate (12,780) (246,539)
Benefit from (provision for) income taxes 4,472 (27,205)
Net loss before gain on sale of real estate (8,308) (273,744)
Gain on sale of real estate, net of incentive fee 0 5,473,887
Net (loss) income (8,308) 5,200,143
Gain attributable to noncontrolling interest (2,808) (9,250)
Net (loss) income attributable to the Company $ (11,116) $ 5,190,893
Weighted average common shares outstanding-basic and diluted 1,013,292 1,007,399
Net (loss) income per common share: Basic and diluted    
Basic and diluted (loss) income per share $ (0.01) $ 5.15