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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Net loss $ (1,732,134) $ (4,178,660)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net loss on securities held for sale 0 16,330
Net gain on sale of mortgage portfolio 0 (3,264,724)
Realized loss on pension termination 0 3,967,627
Equity in the loss from joint ventures 0 748,541
Depreciation and amortization 36,855 0
Amortization of discounts on notes and fees 1,237 972
Stock Based compensation 98,667 0
Issuance of stock to directors and officers 2,800 16,955
Changes in assets and liabilities:    
Other receivables (5,389) (73,105)
Discontinued operations assets 68,013 744,321
Prepaid expenses, deposits in escrow and deferred charges 159,481 108,048
Other assets 0 23,673
Increase (decrease) in:    
Accounts payable and accrued liabilities (17,235) 348,879
Defined benefit plan liability 0 (269,479)
Contractual pension benefits 0 (2,851,665)
Discontinued operations liabilities 1,006,748 183,081
Mortgage interest and fees 0 0
Other liabilities 14,214 13,931
Total adjustments 1,365,391 (286,615)
Net cash used in operating activities (366,743) (4,465,275)
Cash Flows from Investing Activities:    
Proceeds from sale of Consolidated notes receivable 0 5,339,718
Payments received on notes receivable 10,363 8,453
Payments disbursed for additions and improvements (3,932) (153,540)
Sale of securities available for sale 0 934,836
Net cash provided by investing activities 6,431 6,129,467
Cash Flows from Financing Activities:    
Proceeds of mortgage refinancing 459,620 0
Principal payments on mortgage debt (7,392) (15,237)
Net cash provided by (used in) financing activities 452,228 (15,237)
Net Increase in Cash and Cash Equivalents 91,916 1,648,955
Cash and Cash Equivalents, Beginning of Period 961,240 597,440
Cash and Cash Equivalents, End of Period 1,053,156 2,246,395
Supplemental cash flow information:    
Interest paid in cash 9,333 268,467
Taxes paid $ 0 $ 0