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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Rental Income $ 202,586   $ 224,150  
Tenant reimbursement 2,157   2,646  
Interest on mortgage loan 5,890   5,890  
Other income 9,476 11,655 17,108 16,530
Total revenues 220,109 11,655 249,794 16,530
Expenses:        
Operating and maintenance expenses 63,684   67,294  
Property taxes and insurance 18,917   20,837  
General and administrative 280,686 163,418 508,924 368,029
Depreciation and amortization 101,731   112,910  
Total expenses 465,018 163,418 709,965 368,029
Loss from continuing operations (244,909) (151,763) (460,171) (351,499)
Other income (expense)        
Interest and dividend revenue 784 2,836 3,899 3,695
Investing gains (losses)       (2,088)
Loss before discontinued operations and income taxes (244,125) (148,927) (456,272) (349,892)
Discontinued operations:        
Loss from discontinued operations net of taxes   (6)   (1,431)
Loss before income taxes (244,125) (148,933) (456,272) (351,323)
Provision for income tax expense   (319) (398) (2,131)
Net loss (244,125) (149,252) (456,670) (353,454)
Add: net loss attributable to noncontrolling interest 55,412 38,538 113,290 86,993
Net loss attributable to Kent Financial Services shareholders' $ (188,713) $ (110,714) $ (343,380) $ (266,461)
Loss from continuing operations, net $ (0.07) $ (0.04) $ (0.12) $ (0.10)
Net loss per share $ (0.07) $ (0.04) $ (0.12) $ (0.10)
Weighted average number of common shares outstanding 2,759,074 2,759,081 2,759,074 2,759,081