XML 44 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
REVENUES    
Real estate sales $ 0 $ 16,000
Interest income-related party 29,000 40,000
Total Revenues 29,000 56,000
COSTS AND EXPENSES    
Cost of real estate sales 0 1,000
Interest 1,248,000 1,219,000
Interest-related party 4,811,000 4,198,000
Taxes and assessments 9,000 9,000
Consulting and accounting - related party 39,000 40,000
Legal and professional 9,000 9,000
General and administrative 159,000 63,000
Total costs and expenses 6,275,000 5,539,000
NET LOSS $ (6,246,000) $ (5,483,000)
AVAILABLE TO COMMON STOCKHOLDERS-Basic and diluted $ (1.29) $ (1.15)