DISCONTINUED OPERATIONS

9 Months Ended

Sep. 30, 2013

NOTE 15. DISCONTINUED OPERATIONS

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

	September 30,		September 30,
	2013		2012
Total Revenues	$	193,857	$	344,531
Operating and other expenses	172,586		258,776
Depreciation and amortization	2,111		39,671
	174,697		298,447
Income from discontinued operations	$	19,160	$	46,084

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	144,395

Gain on the sale of real estate	$	3,678,839

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

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+ Details