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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME/(LOSS) (UNAUDITED) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Rental income $ 1,757,046 $ 1,369,481 $ 2,973,307 $ 2,544,899
Management fee income 540,860 497,046 1,065,826 1,011,370
Total revenues 2,297,906 1,866,527 4,039,133 3,556,269
Cost of revenues        
Rental cost 1,067,750 1,126,380 2,209,420 2,126,181
Management fee cost 249,916 288,480 784,045 871,388
Total cost 1,317,666 1,414,860 2,993,465 2,997,570
Gross profit 980,240 451,667 1,045,668 558,700
Operation expenses        
Selling expenses 6,167 8,676 23,612 25,717
General and administrative expenses 446,080 436,649 1,004,624 904,886
Depreciation and amortization 3,427 21,829 8,058 44,053
Total operation expenses 455,674 467,154 1,036,293 974,657
Loss from operations 524,566 (15,488) 9,375 (415,957)
Other income (expense)        
Disposal of parking lots income 321    58,175 283,097
Other income, net 47,782 33,080 81,438 66,814
Interest and finance costs (529,974) (682,085) (1,054,305) (1,224,733)
Total other expense, net (481,871) (649,004) (914,692) (874,822)
Income (loss) before provision for income taxes 42,694 (664,492) (905,317) (1,290,779)
Provision for income taxes            
Net income (loss) 42,694 (664,492) (905,317) (1,290,779)
Other comprehensive income (loss):        
Foreign currency translation adjustment 244,380 (285,397) 319,991 (302,036)
Comprehensive income (loss) $ 287,074 $ (949,889) $ (585,326) $ (1,592,815)
Earnings (loss) per share        
Basic $ 0.02 $ (0.08) $ (0.05) $ (0.14)
Diluted $ 0.02 $ (0.08) $ (0.05) $ (0.14)
Weighted average number of shares outstanding        
Basic 11,759,966 11,759,966 11,759,966 11,759,966
Diluted 11,759,966 11,759,966 11,759,966 11,759,966