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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Rental $ 240,561 $ 220,002 $ 471,503 $ 439,266
Interest on mortgages - notes receivable 0 728 200 1,121
Total 240,561 220,730 471,703 440,387
Costs and Expenses:        
General and administrative 213,956 269,429 419,510 517,940
Stock based compensation 0 0 0 123,000
Rental property:        
Operating expenses 131,544 123,065 284,192 274,604
Interest and fees on mortgage debt 10,951 11,272 21,747 21,450
Real estate taxes 10,573 10,188 21,147 17,386
Depreciation on real estate 12,813 12,743 25,364 25,261
Amortization of mortgage costs 1,419 1,420 2,839 2,839
Total 381,256 428,117 774,799 982,480
Other Income:        
Other Income 0 259,851 0 259,851
Investment income 502 17,932 4,003 87,736
Discontinued Operations (Note 4):        
Net Income (Loss) $ (140,193) $ 70,396 $ (299,093) $ (194,506)
Earnings per Common Share basic and diluted:        
Net Income (Loss) $ (0.03) $ 0.02 $ (0.07) $ (0.05)
Weighted Average Number of Shares Outstanding -        
Weighted Average Number of Shares Outstanding - basic and diluted 4,288,680 4,288,680 4,288,680 4,241,111