Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The following table summarizes for the property discontinued:

	March 31, 2014		March 31, 2013
Revenues:
Rental	$	-	$	895,652

Rental property expenses:
Operating		-		585,581
Interest on mortgage debt		-		562,042
Real estate taxes		-		78,638

Total rental property expense		-		1,226,261

Other income:
Investment income		-		689

Net loss from discontinued operations	$	-	$	(329,920)

	March 31, 2014		December 31, 2013
Assets related to discontinued operations:
Other assets	$	-	$	45,793

Liabilities related to discontinued operations:
Other liabilities	$	-	$	48,368

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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