Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Assets:
Real estate held for development	$ 31,984,842	$ 30,183,696
Cash and cash equivalents	9,790,688	11,877,951
Interest receivable	79	156
Prepaid and other assets	81,993	12,498
Investment in other ventures	192,670	193,101
Patents, net	1	1
Total assets	42,050,273	42,267,403
Liabilities:
Accrued expenses and other liabilities	322,584	84,583
Total liabilities	$ 322,584	$ 84,583
Commitments and contingencies
Stockholders’ equity:
Common stock	$ 264,297	$ 264,297
Additional paid-in capital	80,291,992	80,291,992
Accumulated deficit	(38,528,525)	(38,073,394)
Treasury stock - at cost	(300,075)	(300,075)
Total stockholders’ equity	41,727,689	42,182,820
Total liabilities and stockholders’ equity	$ 42,050,273	$ 42,267,403

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccruedLiabilitiesCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.