Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2013

Selected Quarterly Financial Data (Unaudited) [Abstract]

Summary of selected quarterly financial data

2013	March 31		June 30			September 30			December 31
Total Income	$	13,426,295	$	16,097,925		$	16,253,966		$	16,426,921
Total Expenses		12,240,957		14,196,653			14,935,457			16,636,587
Other Income (Expense) (1)		2,977,034		(229,785	)		(600,121	)		(524,561	)
Net Income		4,149,511		1,619,439			800,877			(733,004	)
Net Income (Loss) Attributable
to Common Shareholders		2,260,364		(269,708	)		(1,088,270	)		(2,622,151	)
Net Income (Loss) Attributable to Common Shareholders per Share –
Basic		0.13		(0.02	)		(0.06	)		(0.14	)
Diluted		0.13		(0.02	)		(0.06	)		(0.14	)
2012	March 31		June 30			September 30			December 31
Total Income	$	10,890,946	$	11,144,029		$	12,186,668		$	12,606,121
Total Expenses		10,143,701		10,692,049			11,617,310			11,761,448
Other Income (Expense) (1)		989,320		1,591,029			846,764			475,169
Net Income		1,749,697		2,019,036			1,405,754			1,299,570
Net Income (Loss) Attributable
to Common Shareholders		1,059,378		1,088,321			161,138			(559,498	)
Net Income (Loss) Attributable to Common Shareholders per Share –
Basic		0.07		0.07			-0-			(0.03	)
Diluted		0.07		0.07			-0-			(0.03	)

(1) Fluctuations are primarily due to the $499,471 bonus payment received in the second quarter of 2012 for rights to drill for oil and gas in one of our communities and to Gain on Sale of Securities Transactions, net.

(2) Includes loss relating to unusual flood at Memphis Mobile City.