XML 24 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net loss $ (112,248) $ (58,522)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 21,886 21,022
Equity in earnings of joint ventures (43,656) (52,189)
Changes in:    
Accounts receivable (1,484) (168,622)
Other assets 53,649 24,929
Accounts payable and accrued expenses 85,296 (13,729)
Security deposits and prepaid rents 7,353 (21,016)
Net cash provided by (used in) operating activities $ 10,796 (268,127)
Cash flows investing activities-    
Additions to property and equipment   $ (31,873)
Proceeds from the return of Invested Capital in joint venture $ 34,256  
Repurchased shares (570)  
Net cash provided by investing activities 33,686 $ (31,873)
Net increase (decrease) in cash 44,482 (300,000)
Cash at beginning of period 33,986 364,890
Cash at end of period $ 78,468 $ 64,890
Cash paid for interest