XML 12 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Rental Income$ 202,761 $ 426,911 
Tenant reimbursement2,157 4,803 
Interest on mortgage loan4,641 10,531 
Other income6,9775,47524,08522,005
Total revenues216,5365,475466,33022,005
Operating and maintenance expenses66,515 133,809 
Property taxes and insurance18,776 39,613 
General and administrative226,483159,729735,407527,758
Depreciation and amortization102,850 215,760 
Total expenses414,624159,7291,124,589527,758
Loss from continuing operations(198,088)(154,254)(658,259)(505,753)
Interest and dividend revenue2613,4114,1607,106
Investing gains (losses)   (2,088)
Gain on repayment of mortgage3,608 3,608 
Loss before discontinued operations and income taxes(194,219)(150,843)(650,491)(500,735)
Loss from discontinued operations net of taxes (754) (2,185)
Loss before income taxes(194,219)(151,597)(650,491)(502,920)
Provision for income tax expense  (398)(2,131)
Net loss(194,219)(151,597)(650,889)(505,051)
Add: net loss attributable to noncontrolling interest63,56638,305176,856125,298
Net loss attributable to Kent Financial Services shareholders'$ (130,653)$ (113,292)$ (474,033)$ (379,753)
Loss from continuing operations, net$ (0.05)$ (0.04)$ (0.17)$ (0.14)
Income from discontinued operations, net    
Net loss per share$ (0.05)$ (0.04)$ (0.17)$ (0.14)
Weighted average number of common shares outstanding - basic2,759,0742,759,0762,759,0742,759,079
Weighted average number of common shares outstanding - diluted2,759,0742,759,0762,759,0742,759,079