XML 20 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net loss $ (172,503) $ (122,886)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of building and tenant improvements 400,510 365,504
Amortization of leasing costs 54,281 50,694
Amortization of mortgage refinancing costs 79,261 80,937
Changes in operating assets and liabilities:    
Other receivable (16,162) (25,731)
Leasing costs paid   (86,631)
Change in due to Supervisor (15,926)  
Change in accrued mortgage interest (1,832) (838)
Change in accrued supervisory fees, a related party (20,000) (15,500)
Change in accrued expenses and other liabilities (48,571) (32,071)
Net cash provided by operating activities 259,058 213,478
Cash flows from investing activities:    
Purchase of building and tenant improvements   (1,444,584)
Increase in payable to Lessee 16,984 1,531,214
Net cash provided by investing activities 16,984 86,630
Cash flows from financing activities:    
Repayment of mortgages payable (253,396) (241,644)
Change in deferred costs (196,383) (59,721)
Distributions to Participants (180,000) (180,000)
Net cash used in financing activities (629,779) (481,365)
Net decrease in cash and cash equivalents (353,737) (181,257)
Cash and cash equivalents, beginning of period 2,325,024 1,513,152
Cash and cash equivalents, end of period 1,971,287 1,331,895
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 606,505 $ 569,025