XML 46 R17.htm IDEA: XBRL DOCUMENT
v2.4.0.8

QUARTERLY DATA | 12 Months Ended
--- | ---
Dec. 31, 2013
Interim Reporting: |
Quarterly Financial Information | NOTE 11. QUARTERLY DATA The following is a table of quarterly results of operations for the years 2013, 2012 and 2011:
|  | Three Months Ended 2013 |
|  | March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |
|  | (dollars in thousands, except per share amounts) |
2013 |  |  |  |  |  |  |  |  |  |  |  |
Rental and other property revenues |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Total operating expenses |  |  | 406 |  |  |  | 477 |  |  |  | 505 |  |  |  | 958 |
Operating loss |  |  | (406 | ) |  |  | (477 | ) |  |  | (505 | ) |  |  | (958 | )
Other income, net of other expenses |  |  | 1,119 |  |  |  | 1,123 |  |  |  | 1,130 |  |  |  | 7,571 |
Income before gain on land sales, non-contolling interest, and taxes |  |  | 713 |  |  |  | 646 |  |  |  | 625 |  |  |  | 6,613 |
Gain on land sales |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Income tax expense |  |  | (6 | ) |  |  | - |  |  |  | - |  |  |  | (3,057 | )
Net income from continuing operations |  |  | 707 |  |  |  | 646 |  |  |  | 625 |  |  |  | 3,556 |
Net loss from discontinued operations |  |  | (12 | ) |  |  | - |  |  |  | - |  |  |  | (4 | )
Net income |  | $ | 695 |  |  | $ | 646 |  |  | $ | 625 |  |  | $ | 3,552 |
PER SHARE DATA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings per share - basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.17 |  |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.85 |
Discontinued operations |  |  | (0.00 | ) |  |  | - |  |  |  | - |  |  |  | (0.00 | )
Net income applicable to common shares |  | $ | 0.17 |  |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.85 |
Weighted average common shares used in computing earnings per share |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |
Earnings per share - diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.17 |  |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.85 |
Discontinued operations |  |  | (0.00 | ) |  |  | - |  |  |  | - |  |  |  | (0.00 | )
Net income applicable to common shares |  | $ | 0.17 |  |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.85 |
Weighted average common shares used in computing diluted earnings per share |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |
|  | Three Months Ended 2012 |
|  | March 31, |  |  | June 30, |  |  | September 30, |  | December 31, |
|  | (dollars in thousands, except share and per share amounts) |
2012 |  |  |  |  |  |  |  |  |  |  |  |
Rental and other property revenues |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Total operating expenses |  |  | 383 |  |  |  | 426 |  |  |  | 283 |  |  |  | 304 |
Operating loss |  |  | (383 | ) |  |  | (426 | ) |  |  | (283 | ) |  |  | (304 | )
Other income, net of other expenses |  |  | 897 |  |  |  | 1,424 |  |  |  | 680 |  |  |  | 862 |
Income before gain on land sales, non-controlling interest, and taxes |  |  | 514 |  |  |  | 998 |  |  |  | 397 |  |  |  | 558 |
Gain on land sales |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Income tax expense |  |  | (2 | ) |  |  | - |  |  |  | (14 | ) |  |  | (860 | )
Net income(loss) from continuing operations |  |  | 512 |  |  |  | 998 |  |  |  | 383 |  |  |  | (302 | )
Net loss from discontinued operations |  |  | (5 | ) |  |  | - |  |  |  | (27 | ) |  |  | (38 | )
Net income (loss) |  | $ | 507 |  |  | $ | 998 |  |  | $ | 356 |  |  | $ | (340 | )
PER SHARE DATA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings per share - basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 0.12 |  |  | $ | 0.24 |  |  | $ | 0.09 |  |  | $ | (0.07 | )
Discontinued operations |  |  | (0.00 | ) |  |  | - |  |  |  | (0.01 | ) |  |  | (0.01 | )
Net income (loss) applicable to common shares |  | $ | 0.12 |  |  | $ | 0.24 |  |  | $ | 0.08 |  |  | $ | (0.08 | )
Weighted average common shares used in computing earnings per share |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |
Earnings per share - diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 0.12 |  |  | $ | 0.24 |  |  | $ | 0.09 |  |  | $ | (0.07 | )
Discontinued operations |  |  | (0.00 | ) |  |  | - |  |  |  | (0.01 | ) |  |  | (0.01 | )
Net income (loss) applicable to common shares |  | $ | 0.12 |  |  | $ | 0.24 |  |  | $ | 0.08 |  |  | $ | (0.08 | )
Weighted average common shares used in computing diluted earnings per share |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |
|  | Three Months Ended 2011 |
|  | March 31, |  |  | June 30, |  |  | September 30, |  | December 31, |
|  | (dollars in thousands, except share and per share amounts) |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental and other property revenues |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Total operating expenses |  |  | 328 |  |  |  | 406 |  |  |  | 320 |  |  |  | 334 |
Operating loss |  |  | (328 | ) |  |  | (406 | ) |  |  | (320 | ) |  |  | (334 | )
Other income, net of other expenses |  |  | 14 |  |  |  | 307 |  |  |  | 288 |  |  |  | 2,575 |
Income (loss) before gain on land sales, non-controlling interest, and taxes |  |  | (314 | ) |  |  | (99 | ) |  |  | (32 | ) |  |  | 2,241 |
Gain on land sales |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Income tax benefit (expense) |  |  | 2 |  |  |  | (499 | ) |  |  | (169 | ) |  |  | (149 | )
Net income (loss) from continuing operations |  |  | (312 | ) |  |  | (598 | ) |  |  | (201 | ) |  |  | 2,092 |
Net income (loss) from discontinued operations |  |  | 5 |  |  |  | (928 | ) |  |  | (314 | ) |  |  | 925 |
Net income (loss) |  | $ | (307 | ) |  | $ | (1,526 | ) |  | $ | (515 | ) |  | $ | 3,017 |
PER SHARE DATA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings per share - basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | (0.07 | ) |  | $ | (0.14 | ) |  | $ | (0.05 | ) |  | $ | 0.50 |
Discontinued operations |  |  | 0.00 |  |  |  | (0.23 | ) |  |  | (0.08 | ) |  |  | 0.23 |
Net income (loss) applicable to common shares |  | $ | (0.07 | ) |  | $ | (0.37 | ) |  | $ | (0.13 | ) |  | $ | 0.73 |
Weighted average common shares used in computing earnings per share |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |
Earnings per share - diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | (0.07 | ) |  | $ | (0.14 | ) |  | $ | (0.05 | ) |  | $ | 0.50 |
Discontinued operations |  |  | 0.00 |  |  |  | (0.23 | ) |  |  | (0.08 | ) |  |  | 0.23 |
Net income (loss) applicable to common shares |  | $ | (0.07 | ) |  | $ | (0.37 | ) |  | $ | (0.13 | ) |  | $ | 0.73 |
Weighted average common shares used in computing diluted earnings per share |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |

X
- Details
Name: | fil_InterimReportingAbstract
Namespace Prefix: | fil_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration