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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net loss $ (455,131) $ (708,387)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Amortization of patent costs 0 32,235
Loss from equity in other ventures 431 366
Changes in assets and liabilities:    
Increase in prepaid and other assets (69,418) (14,385)
Decrease in escrow deposits 0 110,000
Increase in real estate held for development (1,801,146) (29,917,249)
Increase in accrued expenses and other liabilities 238,001 157,668
Net cash used in operating activities (2,087,263) (30,339,752)
Financing activities:    
Capital contributed by shareholder 0 635,900
Sale of common stock less registration costs 0 19,847,089
Net cash provided by financing activities 0 20,482,989
Net decrease in cash and cash equivalents (2,087,263) (9,856,763)
Cash and cash equivalents - beginning of period 11,877,951 22,134,451
Cash and cash equivalents - end of period $ 9,790,688 $ 12,277,688