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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Cash received from operations:    
Real estate sales $ 16,000 $ 0
Interest received - related party 40,000 49,000
Other operating receipts 0 1,000
Total cash received from operations 56,000 50,000
Cash expended for operations:    
Payments for real estate sales 1,000 0
Taxes and assessments 9,000 13,000
Consulting and accounting - related party 40,000 40,000
Legal and professional 9,000 15,000
General and administrative 71,000 58,000
Total cash expended for operations 130,000 126,000
Net cash flow used in operating activities (74,000) (76,000)
Cash flows from investing activities:    
Net repayments of notes receivable 74,000 76,000
Net cash flow provided by investing activities 74,000 76,000
Net change in cash and cash equivalents 0 0
Cash and cash equivalents at beginning of year 1,000 1,000
Cash and cash equivalents at end of year 1,000 1,000
Reconciliation of net loss to net cash used in operating activities:    
Net loss (5,483,000) (4,930,000)
(Increase) decrease in assets:    
Other receivables 0 4,000
Deferred charges (4,000) 0
Increase (decrease) in liabilities:    
Accounts payable and accrued expenses (3,000) (2,000)
Accrued real estate taxes (1,000) (2,000)
Accrued interest 1,219,000 1,190,000
Net cash flow used in operating activities $ (74,000) $ (76,000)