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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Dec. 31, 2012
Assets    
Real estate (Note 2) $ 1,114,413 $ 1,111,534
Less: accumulated depreciation 501,398 465,016
Net real estate 613,015 646,518
Net mortgage portfolio 1,954 14,654
Prepaid expenses 175,373 253,330
Other receivables (net of valuation allowance of $9,395 in 2013 and $7,506 in 2012 ) 25,349 31,825
Cash 703,635 852,674
Assets related to discontinued operations 49,881 14,198,806
Other assets 16,636 11,988
Total Assets 1,585,843 16,009,795
Liabilities and Equity    
Liabilities related to discontinued operations 18,867 17,843,489
Mortgage payable 471,296 488,748
Line of Credit 300,000 0
Accrued liabilities 477,594 337,827
Accounts payable 0 7,559
Other liabilities 657,400 633,815
Total Liabilities 1,925,157 19,311,438
Presidential Stockholders' Deficit:    
Additional paid-in capital 5,254,135 5,254,135
Accumulated deficit (2,221,402) (3,717,861)
Treasury stock (at cost) (2,879,354) (2,879,354)
Total Presidential stockholders' deficit 153,422 (1,343,037)
Non-controlling interest (492,736) (1,958,606)
Total Deficit (339,314) (3,301,643)
Total Liabilities and Stockholders' Deficit 1,585,843 16,009,795
Common Class A [Member]
   
Presidential Stockholders' Deficit:    
Common stock: par value $.00001 per share 5 5
Common Class B [Member]
   
Presidential Stockholders' Deficit:    
Common stock: par value $.00001 per share $ 38 $ 38