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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (USD $)
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 1,000 $ 1,000
Restricted cash (Note 3) 5,000 5,000
Receivables-related party (Note 14) 631,000 705,000
Land and improvement inventories (Note 4) 639,000 639,000
Other assets (Note 5) 193,000 189,000
Total Assets 1,469,000 1,539,000
LIABILITIES    
Accounts payable and accrued expenses (Note 6) 118,000 121,000
Accrued real estate taxes (Note 6) 8,000 9,000
Accrued Interest:    
Primary lender-related party (Note 7) 282,000 240,000
Subordinated convertible debentures (Note 8) 18,605,000 17,448,000
Convertible debentures-related party (Note 9) 30,829,000 26,673,000
Other (Note 7) 2,835,000 2,773,000
Credit Agreements (Note 7)    
Primary lender-related party 500,000 500,000
Notes payable 1,198,000 1,198,000
Subordinated convertible debentures payable (Note 8) 9,059,000 9,059,000
Convertible debentures payable-related party (Note 9) 1,500,000 1,500,000
Liabilities Total 64,934,000 59,521,000
Commitments and Contingencies (Note 13)      
STOCKHOLDERS' DEFICIENCY    
Preferred stock, par value $1.00 per share; authorized 5,000,000 shares; 2,000,000 Class A cumulative convertible Shares issued and outstanding; (liquidation preference of $8,000,000 and cumulative dividends) (Note 11) 2,000,000 2,000,000
Common stock, par value $.10 per share; authorized 25,000,000 shares; 5,317,758 shares issued and outstanding (Note 11) 532,000 532,000
Paid-in capital 13,498,000 13,498,000
Accumulated deficit (79,495,000) (74,012,000)
Total stockholders' deficiency (63,465,000) (57,982,000)
Total liabilities and stockholders' deficiency $ 1,469,000 $ 1,539,000