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CONDENSED CONSOLIDATED STATEMENTS INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUES        
Real estate rentals and related revenue $ 20,282 $ 19,515 $ 60,844 $ 58,546
Total Revenues 20,282 19,515 60,844 58,546
Operating expenses:        
Rental and other properties 22,370 26,603 117,915 60,384
Adviser's base fee 165,000 165,000 495,000 495,000
General and administrative 32,945 30,911 155,260 135,672
Professional fees and expenses 24,739 18,204 206,820 133,132
Directors' fees and expenses 24,191 19,000 65,058 56,250
Depreciation and amortization 3,849 3,849 11,548 11,548
Interest expense 3,277 5,326 11,210 24,655
Total expenses 276,371 268,893 1,062,811 916,641
Loss before other income and income taxes (256,089) (249,378) (1,001,967) (858,095)
Net realized and unrealized gains (losses) from marketable securities 88,663 119,306 280,505 (266,200)
Equity income (loss) from operations of residential real estate partnership 19,000 0 (282,000) 0
Net income from other investments 374,197 67,896 506,746 240,163
Other than temporary impairment losses from other investments 0 0 0 (315,000)
Interest, dividend and other income 67,523 71,208 189,090 248,676
Total other income (loss) 549,383 258,410 694,341 (92,361)
Income (loss) before income taxes 293,294 9,032 (307,627) (950,456)
(Provision for) benefit from income taxes (63,921) 76,196 (96,078) 29,158
Net (loss) income 229,373 (67,164) (403,705) (921,298)
(Gain) loss from non-controlling interest (4,528) (3,689) (8,261) 11,439
Net (loss) income attributable to the company $ 224,845 $ (70,853) $ (411,966) $ (909,859)
Weighted average common shares outstanding-basic and diluted 1,016,848 1,007,248 1,010,694 1,010,753
Net income (loss) per common share:        
Basic and diluted net income (loss) per share $ 0.22 $ (0.07) $ (0.41) $ (0.90)