INVESTMENT PROPERTIES

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

2.  INVESTMENT PROPERTIES

The components of the Company’s investment properties and the related accumulated depreciation information follow: 

	December 31, 2020
			Accumulated
	Cost		Depreciation		Net
Office building and other commercial property:
Corporate Office - (Coconut Grove, FL) – Building	$	652,197	$	387,461	$	264,736
Corporate Office – (Coconut Grove, FL) – Land		325,000		—		325,000
Other (Hopkinton, RI) – Land (53 acres)		209,138		—		209,138
Other (Montpelier, Vermont) – Building		52,000		52,000		—
Other (Montpelier, Vermont) – Building under construction		520,976		—		520,976
Other (Montpelier, Vermont) - Land (6 acres)		111,689		—		111,689
	$	1,871,000	$	439,461	$	1,431,539

	December 31, 2019
			Accumulated
	Cost		Depreciation		Net
Office building and other commercial property:
Corporate Office - (Coconut Grove, FL) – Building	$	652,197	$	372,061	$	280,136
Corporate Office – (Coconut Grove, FL) – Land		325,000		—		325,000
Other (Hopkinton, RI) – Land (53 acres)		209,138		—		209,138
Other (Montpelier, Vermont) – Building		52,000		52,000		—
Other (Montpelier, Vermont) - Land (6 acres)		111,689		—		111,689
	$	1,350,024	$	424,061	$	925,963

In March 2021, the building under construction located in Montpelier, Vermont was completed, and the single tenant’s lease commenced.

In March 2021, CII sold the 53 acres of land located in Hopkinton, Rhode Island. The sales price approximated the cost basis of the land. In July 2019, CII purchased approximately 3 acres of land contiguous to the 50 acres previously owned in Hopkinton, Rhode Island for approximately $44,000.