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DISCONTINUED OPERATIONS (Tables)
9 Months Ended
Sep. 30, 2013
DISCONTINUED OPERATIONS  
Summary of income from discontinued operations

 

 

 

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

 

Schedule of gain on the sale of Nashoba

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