XML 57 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:    
Real estate sales $ 0 $ 16,000
Interest received-related party 29,000 40,000
Cash flows from operating activities 29,000 56,000
Cash expended for operations:    
Payments for real estate sales 0 1,000
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 60,000 71,000
Cash expended for operations 117,000 130,000
Net cash flow used in operating activities (88,000) (74,000)
Cash flows from investing activities:    
Net repayments of notes receivable-related party 88,000 74,000
Net cash provided by investing activities 88,000 74,000
Net change in cash and cash equivalents 0 0
Cash at beginning of period 1,000 1,000
Cash at end of period 1,000 1,000
Reconciliation of net loss to net cash used in operating activities:    
Net loss (6,246,000) (5,483,000)
(Increase) decrease in assets:    
Prepaid expenses 2,000 0
Deferred charges 4,000 (4,000)
Increase (decrease) in liabilities:    
Accounts payable and accrued expenses 93,000 (3,000)
Accrued real estate taxes 0 (1,000)
Accrued interest 1,248,000 1,219,000
Accrued interest-related party 4,811,000 4,198,000
Net cash flow used in operating activities $ (88,000) $ (74,000)