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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
REVENUES    
Real estate rentals and related revenue $ 78,317 $ 75,387
Total revenues 78,317 75,387
Operating expenses:    
Rental and other properties 70,422 139,181
Adviser's base fee 660,000 660,000
General and administrative 160,900 180,597
Professional fees and expenses 222,217 203,401
Directors' fees and expenses 78,450 82,144
Depreciation and Amortization expense 15,398 15,399
Interest expense 30,166 56,300
Total expenses 1,237,553 1,337,022
Loss before other income and taxes (1,159,236) (1,261,635)
Net realized and unrealized (losses) gains from investments in marketable securities (22,703) 278,223
Equity (loss) gain in residential real estate partnership (74,702) 4,455
Income from other investments 303,489 806,074
Other than temporary impairment losses from other investments (407,329)  
Interest, dividend and other income 322,001 483,152
Total other income 120,756 1,571,904
(Loss) income before taxes (1,038,480) 310,269
Provision for income taxes (23,801) (29,326)
Net (loss) income (1,062,281) 280,943
Loss (gain) from noncontrolling interest 10,167 (11,073)
Net (loss) income attributable to the Company $ (1,052,114) $ 269,870
Weighted average common shares outstanding-basic and diluted: 1,009,872 1,013,292
Net (loss) income per common share:    
Basic and diluted (loss) income per share $ (1.04) $ 0.27