2. Revenues

12 Months Ended

Dec. 31, 2015

Revenues:

Revenues

Revenues for the years ended December 31, 2015 and 2014 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 26, 2015, the  lessee provided notice of termination of the lease agreement which was in a due diligence period.

There were no real estate sales in 2015 and 2014.  As of December 31, 2015 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.