XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS UNAUDITED (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Rental and other property revenues. $ 0 $ 0 $ 0 $ 0
Expenses:        
Property operating expenses (including $10 and $14 for the three months and $24 and $43 for the six months ended 2013 and 2012 respectively from related parties) 9 14 23 45
General and administrative (including $123 and $117 for the three months and $222 and $200 for the six months ended 2013 and 2012 respectively from related parties) 261 207 449 360
Advisory fee to related party 207 205 412 402
Total operating expenses 477 426 884 807
Operating loss (477) (426) (884) (807)
Other income (expense):        
Interest income from related parties 1,417 1,713 2,824 2,896
Mortgage and loan interest (294) (277) (581) (552)
Earnings from unconsolidated-subsidiaries and investees 0 (12) 0 (23)
Total other income 1,123 1,424 2,243 2,321
Income from continuing operations before tax 646 998 1,359 1,514
Income tax expense 0 0 (6) (3)
Net income from continuing operations 646 998 1,353 1,511
Discontinued operations:        
Loss from discontinued operations., 0 0 (18) (9)
Loss on the sale of real estate from discontinued operations 0 0 0 0
Income-tax benefit from discontinued operations 0 0 6 3
Net loss from discontinued operations 0 0 (12) (6)
Net Income 646 998 1,341 1,505
Earnings per share - basic        
Income from continuing operations 0.15 0.24 0.32 0.36
Loss from discontinued operations 0.00 0.00 0.00 0.00
Net-income applicable to common shares $ 0.15 $ 0.24 $ 0.32 $ 0.36
Earnings per share - diluted        
Income from continuing Operations 0.15 0.24 0.32 0.36
Loss from discontinued operations. $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income applicable to common shares $ 0.15 $ 0.24 $ 0.32 $ 0.36
Weighted average common share used in computing earnings per share 4,168,214 4,168,214 4,168,214 4,168,214
Weighted average common share used in computing diluted earnings per share 4,168,214 4,168,214 4,168,214 4,168,214