XML 39 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Rental and other property revenues $ 0 $ 0
Expenses:    
Property operating expenses (including $13 and $29 for the three months ended 2013 and 2012 respectively from related parties). 14 31
General and administrative (including $99 and $83 for the three months ended 2013 and 2012 respectively from related parties) 188 154
Advisory fee to related party 204 198
Total operating expenses 406 383
Operating loss (406) (383)
Other income (expense):    
Interest income from related parties 1,407 1,183
Mortgage and loan interest (288) (276)
Earnings from unconsolidated subsidiaries and investees"" 0 (10)
Total other income 1,119 897
Income from continuing operations before tax 713 514
Income tax expense (6) (2)
Net income from continuing operations. 707 512
Discontinued operations:    
Loss from discontinued operations. (18) (7)
Loss on the sale of real estate from discontinued operations. 0 0
Income tax benefit from discontinued operations. 6 2
Net loss from discontinued operations.. (12) (5)
Net income.. 695 507
Earnings per share - basic    
Income from continuing operations. 0.17 0.12
Loss from discontinued operations.. 0.00 0.00
Net income applicable to common shares.. $ 0.17 $ 0.12
Earnings per share - diluted    
Income from continuing operations 0.17 0.12
Loss from discontinued operations $ 0.00 $ 0.00
Net income applicable to common shares $ 0.17 $ 0.12
Weighted average common share used in computing earnings per share 4,168,214 4,168,214
Weighted average common share used in computing diluted earnings per share 4,168,214 4,168,214