Marketable Securities

9 Months Ended

Sep. 30, 2011

Marketable Securities [Abstract]

Marketable Securities

Note 4 – Marketable Securities

Our investments in marketable securities are available-for-sale as of September 30, 2011, and represent publicly traded common shares of real estate companies.

As of September 30, 2011, our marketable securities had a fair market value of approximately $165,000, including marketable securities at market value of approximately $163,500 (based on market prices quoted from the stock exchanges on which the various companies are listed) and a money market account of approximately $1,500. We recorded an unrealized loss on marketable securities during the first nine months of 2011 of approximately $64,800, net of securities sold, which is shown in shareholders’ equity as unrealized loss on marketable securities.

We recognize gain or loss on the sale of marketable securities based upon the first-in-first-out method. During the nine month period ended September 30, 2011, we sold marketable securities having a cost basis of $161,064 for $199,152 and recorded a gain of $38,088.