XML 66 R27.htm IDEA: XBRL DOCUMENT
v2.4.0.8

OPERATING RESULTS FOR THE PERIOD (TABLE) | 12 Months Ended
--- | ---
Dec. 31, 2013
OPERATING RESULTS FOR THE PERIOD (TABLE) |
Statements of Operations for year ended | 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_OPERATINGRESULTSFORTHEPERIODTABLEAbstract
Namespace Prefix: | fil_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of operating quarterly results information corresponding amounts in the statements of operations for the period ended June 30, 2013 PLEASE REFER TO THE STATEMENT OF OPERATIONS FOR DEFINITIONS OF INDIVIDUAL ELEMENTS + References No definition available. + Details
Name: | fil_OPERATINGRESULTSTABLE
Namespace Prefix: | fil_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration