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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
Cash and cash equivalents $ 1,414,010 $ 1,560,021
Marketable securities 481 8,835
Accounts receivable 106,971 116,855
Prepaid expenses and other current assets 15,352 18,432
Land 1,280,000 1,280,000
Building and improvements (net of accumulated depreciation of $202,225 and $103,103) 1,457,454 1,556,577
Intangible assets (net of accumulated amortization of $422,695 and $215,506) 1,731,801 1,938,990
Other assets 21,000 21,000
Total assets 6,027,069 6,500,710
Accounts payable and accrued expenses 210,760 255,025
Below market lease value acquired (net of accumulated amortization of $98,099 and $50,015) 671,076 719,160
Accrued post employment obligations 864,000 864,000
Total liabilities 1,745,836 1,838,185
Preferred stock without par value; 500,000 shares authorized; none outstanding      
Common stock, $.10 par value; 8,000,000 shares authorized; 2,693,941 and 2,750,700 shares issued and outstanding, respectively 269,394 275,070
Additional paid-in capital 12,380,775 12,440,796
Accumulated deficit (8,364,608) (8,030,367)
Accumulated other comprehensive loss (4,328) (22,974)
Total equity 4,281,233 4,662,525
Total liabilities and equity $ 6,027,069 $ 6,500,710