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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities  
Net Income (Loss)$ (150,651)$ 16,824
(Increase) decrease in  
Interest receivable - affiliates1,319(120,706)
Other Assets(106,636)0
Federal income tax receivable6360
Increase (decrease) in  
Accounts payable - other(2,978)69,693
Accounts payable - affiliates184,623(2,493)
Federal income taxes payable02,318
Net cash provided by (used for) operating activities(73,687)(34,364)
Cash Flows from Investing Activities  
Increase in investment in real estate(951,274)0
Notes receivable - affiliates(307,056)34,815
Net cash provided by (used for) investing activities(1,258,330)34,815
Cash Flows from Financing Activities  
Notes payable - affiliates832,8080
Notes payable - bank500,0000
Net cash provided by (used for) financing activities1,332,8080
Net increase (decrease) in cash and cash equivalents791451
Cash and cash equivalents at the beginning of period15182
Cash and cash equivalents at the end of period942533
Supplemental disclosures of cash flow information:  
Cash paid for interest00
Cash paid for income taxes00
Non - cash items:  
Real estate development projects financed by affiliate$ 0$ 0