XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Assets    
Real estate (Note 2) $ 1,169,459 $ 1,118,345
Less: accumulated depreciation 635,251 602,220
Net real estate 534,208 516,125
Prepaid expenses 105,309 139,587
Other receivables (net of valuation allowance of $1,098 in 2016 and $790 in 2015 ) 18,425 27,784
Cash 216,770 442,922
Mortgage escrow 94,966 116,581
Other assets 5,483 5,453
Total Assets 975,161 1,248,452
Liabilities:    
Mortgage payable, net of mortgage costs 1,579,779 1,590,024
Accounts payable and accrued liabilities 881,744 635,865
Other liabilities 48,044 38,841
Total Liabilities 2,509,567 2,264,730
Stockholders' Deficit:    
Additional paid-in capital 3,108,471 3,108,471
Accumulated deficit (4,642,919) (4,124,791)
Total Stockholders' Deficit (1,534,406) (1,016,278)
Total Liabilities and Stockholders' Deficit 975,161 1,248,452
Common Class A [Member]    
Stockholders' Deficit:    
Common stock: par value $.00001 per share 4 4
Common Class B [Member]    
Stockholders' Deficit:    
Common stock: par value $.00001 per share $ 38 $ 38