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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
Cash and cash equivalents $ 5,524,117 $ 10,514,981
Marketable securities 7,727 8,469
Accounts receivable 70,247 6,325
Mortgage loan receivable 321,290  
Prepaid expenses and other current assets 26,708 15,789
Land 1,280,000  
Building and improvements (net of accumulated depreciation of $36,538 and $0 1,623,141  
Intangible assets (net of accumulated amortization of $76,372 and $0) 2,078,124  
Other assets 16,000 16,000
Total assets 10,947,354 10,561,564
Accounts payable and accrued expenses 175,012 126,460
Below market lease value acquired (net of accumulated amortization of $17,725 and $0) 751,450  
Accrued post employment obligations 763,200 720,000
Total liabilities 1,689,662 846,460
Common stock, $.10 par value; 8,000,000 shares authorized; 2,759,074 shares issued and outstanding 275,908 275,908
Additional paid-in capital 12,344,622 12,344,622
Accumulated deficit (7,669,984) (7,326,604)
Accumulated other comprehensive loss (24,082) (23,340)
Total Kent Financial Services shareholders' equity 4,926,464 5,270,586
Noncontrolling interest in subsidiaries 4,331,228 4,444,518
Total equity 9,257,692 9,715,104
Total liabilities and equity $ 10,947,354 $ 10,561,564