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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Rental Income $ 202,761 $ 202,761 $ 607,933 $ 426,911
Tenant reimbursement 15,494 2,157 46,282 4,803
Other income 8,224 6,977 55,145 24,085
Total revenues 226,479 216,536 709,360 466,330
Operating and maintenance expenses 62,083 66,515 187,951 133,809
Property taxes and insurance 31,231 18,776 93,717 39,613
General and administrative 142,817 226,483 439,715 735,407
Depreciation and amortization 102,850 102,850 306,312 215,760
Total expenses 338,981 414,624 1,027,695 1,124,589
Loss from operations (112,502) (198,088) (318,335) (658,259)
Interest and dividend revenue 1,003 261 1,003 4,160
Investing gains (losses) (16,562)   (16,562)  
Gain on repayment of mortgage   3,608   3,608
Loss before income taxes (128,061) (194,219) (333,894) (650,491)
Provision for income tax expense     (347) (398)
Net loss (128,061) (194,219) (334,241) (650,889)
Add: net loss attributable to noncontrolling interest   63,566   176,856
Net loss attributable to Kent Financial Services shareholders'   (130,653) (334,241) (474,033)
Unrealized gain (loss) on available for sale securities (69) 160 46 (582)
Reclassification adjustment for losses included in net loss 22,200   18,600  
Comprehensive loss $ (105,930) $ (130,493) $ (315,595) $ (474,615)
Basic and diluted net loss per common share: $ (0.05) $ (0.05) $ (0.12) $ (0.17)
Weighted average number of common shares outstanding 2,696,294 2,759,074 2,709,258 2,759,074