NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2012

NOTES PAYABLE [Abstract]

Schedule of promissory note

At September 30, 2012 and December 31, 2011, the Company hadthe following outstanding debt:

				Outstanding Principal Balance
Instrument	Issue Date	Maturity Date		September 30, 2012		December 31, 2011
Promissory Note:
UTG	12/8/2006	12/7/2012	$	2,766,971	$	3,291,411
HPG Acquisitions	2/7/2007	11/7/2017		218,468		240,234

Schedule of lines of credit

Instrument	Issue Date	Maturity Date		Revolving Credit Limit		December 31, 2011	Borrowings	Repayments		September 30, 2012
Lines of Credit:
UTG	7/14/2011	12/7/2012	$	5,000,000	$	1,000,000	1,411,000	2,281,000	$	130,000
UTG Avalon	12/28/2011	1/3/2013		5,000,000		5,000,000	0	0		5,000,000
UG	12/28/2010	12/7/2012		15,000,000		0	0	0		0

Scheduled principal reduction on notes payable for the next five years

The consolidated scheduled principal reductions on the notes payable for the next five years are as follows:

Year		Amount
2012	$	2,919,837
2013		5,031,586
2014		34,154
2015		36,935
2016		39,941