10. Income Taxes (Tables)

9 Months Ended

Sep. 30, 2012

Income Tax Disclosure [Abstract]

Summary of the temporary differences

The following summarizes the temporary differences of the Company at September 30, 2012 and December 31, 2011 at the current statutory rate:

	September 30,			December 31,
	2012			2011
	($ in thousands)
Deferred tax asset:
Net operating loss carryforward	$	18,667		$	16,902
Adjustments to reduce land to net realizable value		12			12
Expenses capitalized under IRC 263(a)		56			56
Environmental liability		27			27
Valuation allowance		(18,590	)		(16,825	)
		172			172
Deferred tax liability:
Basis difference of land and improvement inventories		172			172
Net deferred tax asset	$	-		$	-