XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES        
Real estate rentals and related revenue $ 20,281 $ 19,516 $ 40,562 $ 39,031
Total Revenues 20,281 19,516 40,562 39,031
Operating expenses:        
Rental and other properties 41,244 16,311 95,545 33,781
Adviser's base fee 165,000 165,000 330,000 330,000
General and administrative 33,597 23,793 122,314 104,761
Professional fees and expenses 97,122 20,987 182,082 114,928
Directors' fees and expenses 22,617 19,000 40,867 37,250
Depreciation and amortization 3,850 3,850 7,699 7,699
Interest expense 3,368 6,587 7,933 19,329
Total expenses 366,798 255,528 786,440 647,748
Loss before other income and income taxes (346,517) (236,012) (745,878) (608,717)
Net realized and unrealized gains (losses) from marketable securities 128,899 484,272 191,842 (385,507)
Equity loss from operations of residential real estate partnership (157,000) 0 (301,000) 0
Net income from other investments 89,066 58,425 132,550 172,268
Other than temporary impairment losses from other investments 0 (265,000) 0 (315,000)
Interest, dividend and other income 65,994 83,089 121,566 177,468
Total other income (loss) 126,959 360,786 144,958 (350,771)
(Loss) income before income taxes (219,558) 124,774 (600,920) (959,488)
(Provision for) benefit from income taxes (36,103) 4,605 (32,159) 105,354
Net (loss) income (255,661) 129,379 (633,079) (854,134)
(Gain) loss from non-controlling interest (5,569) (3,516) (3,732) 15,128
Net (loss) income attributable to the company $ (261,230) $ 125,863 $ (636,811) $ (839,006)
Weighted average common shares outstanding-basic and diluted 1,007,881 1,011,758 1,007,566 1,012,525
Net (loss) income per common share:        
Basic and diluted net income (loss) per share $ (0.26) $ 0.12 $ (0.63) $ (0.83)