XML 19 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Dec. 31, 2011
Cash and cash equivalents $ 1,409,243 $ 1,560,021
Marketable securities 5,350 8,835
Accounts receivable 94,389 116,855
Prepaid expenses and other current assets 12,121 18,432
Land 1,280,000 1,280,000
Building and improvements (net of accumulated depreciation of $168,943 and $103,103) 1,490,736 1,556,577
Intangible assets (net of accumulated amortization of $353,128 and $215,506) 1,801,368 1,938,990
Other assets 21,000 21,000
Total assets 6,114,207 6,500,710
Accounts payable and accrued expenses 172,073 255,025
Below market lease value acquired (net of accumulated amortization of $81,954 and $50,015) 687,221 719,160
Accrued post employment obligations 864,000 864,000
Total liabilities 1,723,294 1,838,185
Preferred stock without par value; 500,000 shares authorized; none outstanding      
Common stock, $.10 par value; 8,000,000 shares authorized; 2,697,008 and 2,750,700 shares issued and outstanding 269,701 275,070
Additional paid-in capital 12,384,218 12,440,796
Accumulated deficit (8,236,547) (8,030,367)
Accumulated other comprehensive loss (26,459) (22,974)
Total equity 4,390,913 4,662,525
Total liabilities and equity $ 6,114,207 $ 6,500,710