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2. Revenues
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Revenues

Revenues for the years ended December 31, 2014 and 2013 included interest income from a short-term note receivable with Love Investment Company (“LIC”), an affiliate of L-PGI, the Company’s primary preferred stock shareholder.   In addition, revenue included other income of $4,000 for the year ended December 31, 2014 which represents an option fee received in October 2014 in exchange for an amendment to the cell tower lease on a parcel of property located in Citrus County, Florida.  Effective October 28, 2014, the terms of the lease was amended to extend the due diligence period and the right to terminate the lease extended to October 28, 2015.  If the lessee exercises the option to proceed with the terms of the lease at the end of the due diligence period, the lease provides for rent of $1,800 per month with a term of 10 years and six successive five year renewal periods.

 

There were no real estate sales in 2014 and 2013.  As of December 31, 2014 the Company owned six lots in Citrus County, Florida.  The Company continues to be effected by a depressed real estate market in Citrus County, Florida.