DISCONTINUED OPERATIONS

6 Months Ended

Jun. 30, 2013

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

NOTE 15. DISCONTINUED OPERATIONS

The following tables summarize income from discontinued operations for the property held for sale for the six months ended June 30, 2013 and 2012.

	June 30,		June 30,
	2013		2012
Total Revenues	$	193,274	$	227,960
Operating and other expenses	171,290		160,746
Depreciation and amortization	2,111		22,714
	173,401		183,460
Income from discontinued operations	$	19,873	$	44,500

Gain on the Sale of Nashoba in the second quarter of 2013:

Sale price	$	4,300,000
Net book value	476,766
Expense of sale	144,455
Gain on the sale of real estate	$	3,678,779